Springdale Furnishing Out of Business?

Once a mecca for Heywood Wakefield and other modern delights, could it be true that Springdale Furnishings  is going out of business? I received a flyer in the mail indicating they are auctioning off over 1,700 pieces of mid-century furniture on June 19th in what they are calling an "Inventory Reduction Sale". More info about the auction appears HERE. Either way, it's a good opportunity to get some amazing furniture at a reduced price (not that the market isn't already pretty flat to begin with). Springdale's seemed to survive on the wealthier Chicago crowd that owns some substantial homes up and down the Michigan side of Lake Michigan. Further dampening their business was the loss of founder Jim Toler (he is greatly missed by many). Here are some select things from their site: