News

Paul Cooper, CJM Asset Management, Operations Director

A Rolls Royce is to go under the auctioneer’s hammer in North Lincolnshire next week . . . after being seized by bailiffs for non-payment of council tax!

The 1988 Silver Spirit was taken from a man living in the Lincoln area. It will go under the hammer at industrial auctioneers CJM Asset Management in Scunthorpe on Tuesday (July 18th).

CJM director Paul Cooper said: “It’s not unusual for cars to be seized from council tax non-payers and we’ve had quite a few sent to us for sale in the year . . . but they are usually bangers worth only a hundred or two.”

“This is the first roller that we’ve been sent in this way, indeed we think it is the first Rolls Royce the firm has ever auctioned off.”

“Depending on mileage and condition Silver Spirits of this vintage sell for up to £18,000. This one is not in concourse d’elegance condition but we’re still expecting it to make £3,000 - £5,000.”

The auction also includes the entire stock of the Grimsby shop and warehouse of Cooking and Heating Limited, the leading regional supplier of fires, fireplaces and cookers.

The Hull-based company collapsed earlier this year. An auction on the premises at the firm’s headquarters in New Cleveland Street in Hull a month ago raised in excess of £60,000.

Paul said: “There simply was not enough space to hold a public auction at the firm’s premises on Freeman Street in Grimsby and so everything has been transported to our saleroom facility at Brigg Road in Scunthorpe.”

“In all there are 250 lots that have come from Cooking and Heating, about half the sale. The stock includes everything from fridge freezers and tumble driers to expensive range cookers, as well as fires and fire surrounds.”

“The star items include eight or nine Indesit range cookers  . . . with six gas rings and double electric ovens . . . still in their boxes. They retailed for well over a thousand pounds each but in the Hull auction we saw them going for about half that.”

“In the fires and fireplaces section there are Portuguese limestone fireplace surrounds that, together with gas fires, retailed for around £1,700 a set. At the earlier auction they were making for £600-£700 under the hammer.”

He added: “We have lotted things individually, so members of the public have just as good a chance as anyone else of bidding for things and snapping up a bargain.”

Cooking and Heating vehicles to go under the hammer include a 7.5 tonne Iveco box van, with a sleeper cab, expected to make £7,000-£8,000 and Iveco daily unijet panel van expected to go for £4,000-£5,000.

The sale also includes a quantity of dining room furniture and commercial catering equipment from the Bull at Horncastle following the bankruptcy of the former licensee. The 50 lots include banqueting tables and forms, plus fridges, chiller units, steel preparation tables and other equipment from the hotel’s kitchens.”

The viewing sessions for the auction are on Monday (17th July) 1pm-7pm and on Tuesday morning from 8.30am until the start of the sale at 10 am. The vehicles, cookers and fires are to be sold at 1pm. 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.