I've been up to the site and had a look round. A lot of stuff at the front of the auction is ex-endorsed gear returned from tours; some looks tatty, some looks mint. You'd need to go to the site to work out which was which. I asked a couple of soon-to-be-ex-employees if the kit was working, and they all said, basically, yes, it 'should' be, and anyone was welcome to try anything out - nothing was being brushed under. The later stock (on the list) is in the warehouse and in better nick - but, again, no returns or guarantees. The very last few items, and the guitars, are in the demo area and are presumably ok - although some of the basses had knobs missing and shafts split - which would be a pain on a push/pull pot.
The whole site is for sale - they're clearing everything. There are whole pallets of ply, tolex, fixing and fasteners, cones etc, as well as bandsaws, a lathe, tooling etc. If you wanted to start a business building speaker cabs, this is what you'd need. And some space.
Another thing - if you bid on Trace heads, bid on the US made 1200 and 600w heads, not the 1000w and 500w UK heads. They look and feel rubbish.
And don't bid on anything I am. :-)