Liquidation – the emotion versus the commodity
Furniture liquidation can be an emotional process. Many times clients will tell us that, just a few years ago, they paid a lot for their furniture. Now, they feel that their company should sell this furniture for close to what they paid for it.
Commodity valuation alters based on supply and demand. For example, today’s market varies from the market in 2008-2011. In those years, the market valuation for used furniture was at a high since companies did not have the funds to purchase new furniture. However, after 2012, companies began buying new, which drove down the value of used furniture. It is important to keep these market changes in mind when going through the liquidation process.