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Hot Auction!

HOT AUCTION!

              Thousands of pounds worth of brand new fireplaces are to go under the hammer at a public auction in  Scunthorpe next week following the collapse of a leading specialist Yorkshire company.

              Antiquity of Sheffield closed its doors and went into receivership two months ago. Now its entire stock has been moved to industrial auctioneers CJM Asset Management and will be sold off in just a couple of hours next Tuesday morning (22nd May).

              CJM Director Paul Cooper said: “We calculate that – at retail prices – we’ve been sent stock valued at well in excess of £50,000.”

              “The stock includes over a hundred fireplaces, gas and electric fires, stoves, you name it. Some of the lots are ex-display but the vast majority of the items are straight out of the warehouse, still in their boxes and packaging.”

              “There is so much stuff that we’re selling some of it in trade lots but to cater for the public we are auctioning a wide range of sets – fireplaces, back plates and fires – as single lots.”

              “There should be some decent bargains. Many of these sets retail for £1,200 - £1,500 in the High Street. At auction they tend to go for £100 - £400.”

              Antiquity also manufactured and sold decorative plasterwork. The auction not only includes pillars, lengths of cornice and ceiling roses but also the firm’s manufacturing moulds.

              Next Tuesday’s collective auction - which includes vehicles, plant, machinery and IT equipment - is expected to raise a total of around £100,000, making it one of the most valuable sales of the year so far.

              Mr. Cooper said: “The star section of the auction, from a value point of view, is a range of railway maintenance equipment that has come from two specialist companies, one of which has recently gone under and the second that is re-equipping.”

              “We have three road-rail excavators, which are machines that not only run on tyres but are also fitted with special undercarriages that mean they can drive on the rails.”

              “They are attracting a lot of interest, not only from this country. They have prompted enquiries from Europe, the Middle East and the Far East. We’re expecting them to make £15,000 - £20,000 apiece under the hammer.”

              “The two rail maintenance operations have also provided us with a range of general contracting plant and equipment including remote control traffic stop-go lollipop sets, one man inspection towers and some good grounds maintenance equipment.

In all the sale extends to close to over 600 lots. The viewing sessions are on Monday (21st May) 1pm-7pm and on Tuesday morning from 8.30am until the start of the sale at 10 am. Catalogues are available from CJM or can be downloaded free of charge from the firm’s website: www.cjmasset.com

For further information or comment please contact

Paul Cooper at CJM Asset Management on 01724-334411.