Where do the items to be auctioned originate?
The sales included in Auction News are typically instructed by: • Insolvency Practitioners – assets from liquidations, receiverships and bankruptcies • HM Customs and Excise – confiscated and impounded goods • Police, Post Office and Transport Operators – lost, stolen and unclaimed property • Finance Companies and Bailiffs – repossessed commercial and domestic goods • Government Departments – excess and unwanted equipment, machinery and stocks • Trustees and Executors – from the winding up of estates etc • Auctioneers – specialist collective sales held at the auctioneer’s saleroom or at a dedicated outdoor site • Solvent companies still trading – surplus assets due to relocation, restructuring, overstocking. Also ex-demonstration and damaged items, catalogue returns, etc.
