Entire Contents of a Music Shop Auction

  • Entire Contents of a Music Shop Auction

    Entire Contents of a Music Shop Auction

An award-winning Milton Keynes musical instrument retailer will reach the end of the
road when its entire stock goes under the hammer in an online auction next week.
Hollywood Music based on the High Street in Stony Stratford, went into liquidation
last month.


In a last posting on the firm’s Facebook page director Jon Evans reported:
‘Hollywood Music has now closed permanently. It’s a great shame but business has been
declining over the past three years as the economic climate has deteriorated.”
“High streets are suffering due to a number of factors that have restricted
consumers’ disposable income significantly. Even our on-line sales have declined so I don’t
blame the Internet, as many do.”


The liquidators handling the winding up of the business have now instructed leading
industrial auctioneers Eddisons CJM to sell off the remaining stock of instruments and
equipment valued at over £50,000.


The stock has been moved to the Eddison CJM Auction Centre in Scunthope where
it will go under the hammer in 178 lots in the online auction that closes on Wednesday 24th
July


Auctioneer Paul Cooper said: “The firm’s closure underlines how difficult things are
on the High Street at the moment. Hollywood Music had a wide customer base that involved
not only Buckinghamshire but surrounding counties – and it had a well regarded Internet
business too.”

“The sale includes electric guitars, which had price tags of up to £1,600, acoustic
guitars and a range of ukuleles, as well as keyboards, amps and accessories. The total retail
value exceeds £50,000.”


“Everything is being sold without reserve so it will go for what it goes for. Normally we
would expect retail stock going under the hammer in a disposal auction to make 20%-50% of
normal recommended retail value. There is some very nice kit on offer in this auction and
that may do rather better but I would imagine there will also be some bargains.”


Paul added: “One thing I would flag up is that although the stock has had to be
moved up to North Lincolnshire this is an exclusively online auction - which means of course
that Hollywood Music’s customers based in Buckinghamshire, Bedfordshire, Northants and
indeed elsewhere in the country have just as good a chance to get involved in the bidding as
anyone else.”


The full auction catalogue is available at www.eddisonscjm.com. The online auction
is scheduled to close at 6pm on Wednesday 24th July.


For further information or comment please contact Paul Cooper at Eddisons CJM
on 01724 334411 or 07970 126339 (paul.cooper@eddisonscjm.com.)

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