Auction firm reports 'busiest month in 52 years' as stock is sold from businesses going bankrupt.
Auctioneer Adam Pye says he's shocked by the scale of the boom in liquidation sales
The auction firm has seen a surge in products from failed retailers. Since re-opening after lockdown, the Nottingham-based firm, which has 16 sites across the country, says its staff have cleared out more than 240 stores, with the numbers of bidders per auction nearly doubling in that time. Though the auctions are online, the lots are available for public viewing and include multiple rows of white goods such as washing machines and fridge freezers along with furniture, Christmas trees and garden equipment from a failed online supplier.
The flow of products from collapsed businesses was bound to increase, with government financial support due to end over the coming months, he says. "These are hard times. Normally the recovery time is when you see people really going into administration so the bad wave is still to come, I feel. It is very sad.""It is very, very tough at the moment. Everybody stopped driving and everybody stopped buying things in the retail sector, so between those two it was very tough.""Things are recovering now, people are back on the roads and on public transport they're having to wear masks all the time.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'There’s no way we’d go back': will Covid-19 end free wine tastings forever?Complimentary wine flights are a cornerstone of Australian cellar door visits – but as wineries reopen, they’re rethinking the tradition
Read more »
New Zealand to delay general election by month amid Auckland Covid-19 outbreakThe prime minister, Jacinda Ardern, announces vote will move from 19 September to 17 October
Read more »
Second self-employed Covid-19 grant worth £6,570 opens for applications tomorrowSELF-employed workers can apply for a second emergency coronavirus grant worth up to £6,570 from tomorrow. The cash is to help those who work for themselves if their income has been negatively impa…
Read more »
Fiction readers have made best leaders in Covid-19 crisis, says Val McDermidCrime author argues ministers who read only political biographies are limited in vision
Read more »
Wuhan revellers cram into a water park at former COVID-19 epicentrePictures reveal the popular Wuhan Maya Beach Water Park being jam-packed by mask-free revellers as they stood shoulder to shoulder in water over the weekend despite the ongoing coronavirus pandemic.
Read more »
Chronic stress caused by Covid-19 will lead to smaller babiesBritish researchers looked over eight studies involving more than 8,200 pregnant women and over a million children and said stress during pregnancy was significantly linked to a lower birth weight.
Read more »