JOHN PYE & SONS AUCTIONEERS OPEN FOURTH SALEROOM AFTER RECORD BREAKING SUMMER

NOTTINGHAM Auctioneers John Pye & Sons have developed a fourth saleroom at their headquarters in Basford after recording a 145% increase in weekly stock volumes over the summer.

The 42-year-old firm recently came out top in a 20 week analysis of auction stock recovery rates by a leading UK retail PLC that had been using three UK auction houses, including Pyes, for stock clearance exit routes.

As a result of this ‘champion challenge’, John Pye & Sons have been chosen as the exclusive auction house for the PLC’s weekly clearance product lines, which has seen weekly volumes peak to 18 x 40ft trailers of weekly stock transported to the firm’s premises at the old Shipstone’s Brewery.

In addition, John Pye & Sons have notched up a record month of sales for August in the company’s 42-year history, having generated more than £1m for the month with a record number of 15 auction sales held, some 7 of which were exclusively online corporate liquidation auctions both on-site and off-site in addition to the twice weekly traditional auction sales of retail stock. Online auction buyers for these sales have been attracted from all over the UK, as well as Ireland, France, Sweden, Poland and Australia.

The summer growth at John Pye & Sons has resulted in more local Contractors’ work being undertaken at the site (building, electrical, painting & decorating and signage; all undertaken by Nottingham firms) and the recruitment of six additional full time staff for both the company’s salerooms and offices, taking John Pye & Sons full time staff headcount to over 50 employees.

John Pye & Sons’ Saleroom 4 has begun operations with fortnightly online auction sales of retail stock, with the first sale held tomorrow (Fri Sept 17^th) of quality home wares from a leading UK department store chain.

Managing Director Adam Pye said: “We have seen an extensive increase in stock coming through our doors, goods such as laptops, digital cameras and flat panel TVs, these are end of line and returned products sourced from leading retailers.

“As a result of the rise in corporate liquidation auctions over the last 6-8 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.

“The geographical buyer reach on all volumes has pleasantly surprised us, we’ve had buyers from Sweden purchase large high value automotive industrial machinery and a buyer from Australia purchase motorcycle equipment, both from liquidation auctions, showing the internet is all about sourcing goods no matter what size or value.

“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.”


Read the Nottingham Evening Post's coverage: http://www.thisisbusiness-eastmidlands.co.uk/latestnews/John-Pye-opens-fourth-saleroom-growth/article-2703846-detail/article.html