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Re: Liquidated Goods

> > What kind of price do the liquidators look for when selling off stock? Say I > wanted to buy a large job lot of stock from a liquidated company (computer > equipment) which loses value quickly.

I think that to a liquidator 'quickly' means three or four days. Something that loses its value in three months is not an issue.

Is 1/3 cost taking the mick ?

If it's components then probably OK. If it's finished goods then expect to be laughed at. These can be auctioned easily and if advertised correctly it's not uncommon to achieve prices approaching retail.

tim

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Reply to
tim
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If it's a small business type stock, the liquidators want to get everything finished quickly with enough money to pay their fee. They'll often put the stock into a local auction house with the instructions to accept the best bid. If there are 20 buyers at an auction and one computer, it's quite possible that someone who doesn't know the value could bid more than cost. If there are 20 buyers and 50 computers they would do well to make as much as 1/3 cost. Either way the sale happens quickly.

If the liquidator put an ad in a paper and started showing people the computers individually their hourly fee would take away more than the extra proceeds.

Reply to
David

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