Auctioneer expands as liquidations increase
Auctioneer John Pye & Sons, based in Nottingham, has developed a fourth saleroom at its headquarters in Basford after recording a 145 per cent increase in weekly stock volumes over the summer.
The auctioneer’s saleroom four has begun operations with fortnightly online auction sales of retail stock, the first of which is being held today.
The summer growth at the company led to the recruitment of six additional full time staff for both the its salerooms and offices, taking the employee headcount to more than 50.
Managing director Adam Pye said that the company had seen “an extensive increase in stock coming through our doors”.
He added: “As a result of the rise in corporate liquidation auctions over the last six to eight weeks as well, we are seeing a snowball effect of interest in sales across the board.
“Providing more online auction sales facilities is giving these remote buyers, who are new to Pyes, more opportunity to engage with our weekly sales also.
“We are all working hard towards opening that gateway wider for such offerings whilst maintaining satisfactory throughput for clients and the development of Saleroom 4 will facilitate that process greatly over the coming months.”
