The zoo spanned more than 370 hectares (914 acres), most of which was used to breed animals for other zoos worldwide. Only around 55 hectares (136 acres) was available for public viewing, and then only in the summer and autumn.
On August 2, 2006, the Catskill Game Farm announced that it would be closing on Columbus Day of that year, ending its 73-year run. Its owners attributed the closing to mounting financial difficulties, dropping attendance, and legal regulations leading to the shutdown of its Splashdown attraction, though Splashdown itself never violated regulations.
The auction was organized and conducted by Norton Auctioneers of Michigan, Inc., a worldwide auction group based in Coldwater, Michigan. Norton's is known for auctions of tourist attractions of every shape and kind amusement parks, zoos, carnivals, family entertainment centers, museums, carousels, and unique collections.
The two-day Catskill auction attracted over 1,000 potential bidders from across the nation, Canada, and Mexico. Selling the first day were the amusement park rides, restaurants, gift shops, and related items. The second day had over 900 animals, vehicles, and farm and construction equipment offered.
A 1951 Herschell Merry-go-Round with aluminum horses sold for $39,500; a Venture Lady Bug ride sold at $8,800; Kiddy Helicopter for $7,000; Kiddy Car Ride at $8,300; and a Venture Himalaya fetched $7,700. Over $12,000 worth of picnic tables and benches alone were sold.