Britannia AuctionsCan we set a reserve on stock lots?
Yes, but most stock sells without reserve. A clearance sale is bid on price, and a reserve above what the market will pay leaves you with the stock and the storage. A reserve makes sense on a small number of high value lines. For the bulk of the stock, an open sale clears it.
This question comes up in
Surplus inventory, discontinued lines and bulk trade stock sold in lots sized for trade buyers.
Related questions
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- What insolvency practitioners need from an auctioneer
For office holders realising physical assets. Covers the instruction letter, the asset schedule and valuation basis, retention of title, finance checks, site security, health and safety during the sale, and the reconciliation you need for the file.
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Not every lot sells, but the site still has to be cleared. This guide covers why lots go unsold, private treaty after the sale, lowering or removing the reserve, a later sale, scrap and WEEE recycling, and what disposal costs.
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