Shame to see this, but opportunity for people in the area to pick up some potential deals: John Pye Auctions: Auctions
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Contents of engineering firm, Nottingham
- Thread starter ormandge
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Sad to see any company go down. We have a similar auction company in Scotland Sweeney Kincaid who seem to do all the auctions in this area. The buyers premium and VAT always bumps the price up quite a bit.
sneggysteve
Established Member
As long as you temper your bid knowing that you will pay up to almost 50% extra, you can still get bargains.
deema
Established Member
A company that didn’t invest in its future, the machines are all old / ancient, the latest is is the HAAS lathe that was manufactured in 2005! I would suggest that it isn’t surprising that it’s gone into administration, it would not be able to compete on price which is what subcontract is all about. I feel no sympathy, I’m sure I will called out about the poor workers, but it should have been obvious to everyone that nobody was investing in the future of the company……and it was time to find alternative work.
The SCM and Festool distributor I've been using for the past five years declared insolvency this year and closed the larger store, with the smaller store to follow. The contents of the larger store in Freiburg (in the Black Forest) will be sold in a one-day public auction later this month.
While the auction catalog has lots with individual tools, the auction appears to be mainly for retailers. For example, there are two lots of 32 each Festool TS 55 FEBQ track saws. I lost count of the total number of TS 55 saws in the auction, but there are over 100. One Auction lot is an assortment of 70 new Festool cordless drills, but didn't identify the models. This is only the tip of the Festool, Makita, Bosch, Fein, and Mafell stock that will be sold. As @sneggysteve wrote, the 18-percent auction fee and 19-percent VAT add about 41 percent of the hammer price to the total cost.
While the auction catalog has lots with individual tools, the auction appears to be mainly for retailers. For example, there are two lots of 32 each Festool TS 55 FEBQ track saws. I lost count of the total number of TS 55 saws in the auction, but there are over 100. One Auction lot is an assortment of 70 new Festool cordless drills, but didn't identify the models. This is only the tip of the Festool, Makita, Bosch, Fein, and Mafell stock that will be sold. As @sneggysteve wrote, the 18-percent auction fee and 19-percent VAT add about 41 percent of the hammer price to the total cost.
yes, there are some amazing bargains.
Interesting; hadn't seen them before. As the years have caught up with me, am beginning to wonder about post mortem disposal of my workshop stuff. There's more, and more specialised, stuff than sons-in-law or local friends could need. Anyone had any experience of these auctioneers? Our local Thainstone auctions still do displenish farm sales, but haven't had much in the way of collective sales of smaller items since Covid.
We all get to that stage of planning for what happens when we pop our clogs!! I have no selling experience using Sweeney Kincaid, but I do know of people who have sold a small lot using them. I wonder how they make their money? the buyer's fee. Is there a corresponding seller's fee? or they might have a flat rate for the seller. Worth calling them, but it will be an expensive way to sell I think. The beauty of them is they do all the work. You would get a lot more work selling privately, but a lot of hassle.
Haven't been to a farm roup for many years. Always a sad occasion.
Haven't been to a farm roup for many years. Always a sad occasion.
I still treasure the comment from a guy at a local roup when I'd bought a yard brush. "That's a bargain, if you are sure it works". Doric humour.
I was at one in the late 60's. The fire extinguisher was for sale (remember the cone shaped ones you filled with water and put some kind of gas cartridge in it). The assistant held the extinguisher up in the air as the auctioneer started the bidding, then he put it down, a bit hard on the ground, but on the trigger button and the thing went off, the assistant panicked and tried to get the extinguisher out of the way, but sprayed everyone with rusty fizzy water.
it didn't sell.When I was in my teens, a neighbour's rick went on fire (one of his kids illicitly smoking). Noticed it starting, grabbed one of those conical extinguishers and ran round with it. It worked as intended, but faced with a rick fire, would probably have been as effective if I'd pee-ed on it. Our village firefighters were proud of their speed to fires, but even they couldn't save the rick. The culprit now runs what is left of the farm; enough has been sold for building to keep him comfortably off.
