By Lea Konczal – Data Reporter, St. Louis Business Journal
May 20, 2020, 2:19pm EDT
We asked Nancy Cripe, president of GRS Auction Liquidation & Strategy, for liquidation tips. Cripe serves on the recently-formed St. Louis Small Business Task Force, and was the winner of the St. Louis Business Journal's first Catapult Competition in 2016.
St. Louis Small Business Task Force
A company was recently acquired by a larger organization; excess warehouse space and inventory was to be reduced. A thorough review of the assets and location, resulted in a 30-day plan to liquidate a large warehouse loaded with fork lifts, racking, equipment, aluminum bar stock, leather hides, exotic wood, flooring, downdraft tables, aircraft supplies and tools, finally leaving the building broom clean.
Live auctions are a blast, but sometimes you just can't make it to the auction. That's where the incredible world of online auctions comes in, being able to bid on anything, anywhere in the world! Sometimes though, bidding at an online auction can be confusing. Hopefully we can help you save money and learn how to be the high bidder!