A live auction or online auction is the fastest and most effective method of liquidating the assets of a business. Some businesses just need a partial inventory reduction to raise some cash flow and some are retiring, or due to the economy the business has failed and a complete liquidation is needed. Auctions utilize accelerated marketing to convert assets to cash as quickly as possible. Auctions produce the largest pool of qualified bidders to achieve fair market value through competitive bidding. There is an auction format for almost every type of business, whether large or small.
Boyleston Auctions has conducted hundreds of business liquidation auctions and is currently conducting a live auction event for the Pensacola News Journal in Pensacola, Florida. After 149 years in business, the newspaper is moving from a 89,000 square foot building to a state-of-the-art facility that better meets their needs in today’s changing delivery of news. Included in the auction are hundreds of items: executive furnishings, cubicles, antiques, chairs, IT, server racks, and so much more. Go to www.BoylestonAuctions.com for full details. If you are considering a partial or complete liquidation, contact Gina Boyleston, Auctioneer at 850-393-1154.