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Business booming at B.C. auction houses as COVID-19 takes economic toll

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As the economic toll of Canada’s COVID-19 lockdown sets in, business has been brisk at B.C.’s Able Auctions. Sales volume is up, but prices are down as the business handles a surge in equipment, much of it from the restaurant industry. “We’re dealing with a lot of people who are near retirement and they’ve made the decision they just don’t want to battle through this,” said co-owner Jeremy Dodd. “There’s a lot more on the market, it’s definitely a buyer’s market.” Dodd showed Global News the inventory of a former pizza shop that would have previously brought in about $70,000 that he estimated could now sell for less than half that amount.

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