Insolvent distributor BMS Technology's stock auctioned in $1 million fire sale

The administrators of BMS Technology are selling off at least $1 million worth of the distributor’s remaining stock.

Macks Advisory has appointed Adelaide-based auctioneer and valuer Mason Gray Strange (MGS) to auction off all of BMS’s new stock from its three warehouses in Adelaide, Melbourne and Perth.

The auction will start on 15 December at 10:30am at the MGS auction complex in the Adelaide suburb of Kilkenny.

Among the new stock to be auctioned off includes Toshiba laptops, Netgear network-attached storage (NAS) units, network switches, security cameras and modem routers.

Also included are NetComm modem routers, Epson projectors, Kyocera and Fuji Xerox printers and Eaton uninterruptible power supply (UPS) units.

A Canon digital single-lens reflex (DSLR) camera body, toner and inkjet cartridges, computer accessories and cables were also listed for auction.

The auctioneer assigned, James Hutchinson, said that there was “much, much more” product available for auction aside from those listed on MGS’ website.

“I’ve never seen such a wide range of high-end computer and networking supplies in over 15 years of auctioning,” Hutchinson said.

“With so much stock on hand and everything being unreserved I expect there will be plenty of bargains.”

Bidders can either attend the auction in person or bid online to place their bids prior or during the live auction.

Inspections prior to the auction can be made on 14 December from 2pm to 5pm, as well as shortly before the auction begins at 10:30.

Packing options would be made available for interstate purchasers as well.

In October, Adelaide-based BMS entered into voluntary administration after more than three decades in business.

Former director John Reid said there wasn’t enough sales to cover costs, citing the state of South Australia’s economy, and wanted to give BMS employees “a better chance” to look for jobs before the holiday season.