Thought I'd drop a brief update to this thread.
The auction raised substantially more than the auctioneers expected, which means the administrators of Llangollen Railway plc have sufficient funds to carry out their legal duties without further sales. Bidding for coaches was fierce, with most going to other heritage railways at prices considered high, but perhaps not so surprising given that the coaches were overhauled and well maintained, and most will go straight to revenue-earning service on their new railways - they won't have to be 'restored'.
There was some concern when the scrap-man bought the Cowans Sheldon 50-ton crane and the diesel shunter illustrated above, but deals were done; and the crane remains at Llangollen, and the shunter (formerly 'Davy', which worked most of it's life for ICI at Northwich) has a new home at Shakerstone on the Battlefield Line.
A 'friendly bidder' bought much of the machine shop equipment on behalf of the railway, including the DSG lathe, so most remains in place. Incidentally, the lathe was supplied new to the Great Western Railway at Swindon Works in the mid 1930s, and worked there until the works closed. It was bought at auction by someone who, by a roundabout route, brought it to Llangollen, where it has resided since. I've used it a few times; it's a heavy machine to operate, but still turns remarkably true given it's age.
The Llangollen Railway Trust is currently working towards re-opening the railway, which will have to happen in stages to allow some essential track and structure maintenance to take place. A small but very committed team of volunteers is currently beginning the task of sorting out the many problems left by previous management decisions; there has been something of a major change of personnel at management level. The future, however, looks much brighter. The first stage of reopening under the management of Llangollen Railway Trust Ltd, a short shuttle to Berwyn station by heritage DMU, is expected on July 9th, with the rest of the line reopening progressively as emergency works are completed over the next few months.