Trade slam “fever” around auction of closed bike shop’s stock

Former customers and members of the cycle trade have reacted with dismay over the “fever and excitement” surrounding tomorrow’s auction of now closed Newquay bike shop Velotive.

“Velotive close and the hype around the auction is amazing, a real fever, excitement, anticipation even. Such a shame this sort of attention came so late…the staff would still have jobs and you’d still have the same product you’re off to buy this Friday,” said one former customer.

It’s dismal reading for bike shops the most part, with the vast majority reacting with glee that a bargain may be available and not sparing a thought for a shop with a exceedingly high 4.8/5 Google Review rating. Another posts to a local cycling club’s page: “It’s a shame this is happening, but if you don’t take advantage someone else will.”

“People scramble for a bargain and then complain they have no decent bike shops near them or how empty town centres have become,” commented industry PR and now bike shop owner Mark Almond on Facebook.

On Facebook, auction managers The Truro Sale Room’s original post is heading on for 2,100 shares and 2,000 comments – most of which tag in potential bike buying enthusiasts. Further posts have generated even more attention.

The auction takes place tomorrow at 11am and is an unreserved auction of mainly new and unused mountain bikes, associated clothing, bike repair equipment, triathlon clothing, running shoes, wet suits, shop fittings and equipment. Should those in the trade be interested, viewing on sale day begins from 8.30 am and an online catalogue is now found here.

Yesterday the Kingston Specialized branch sadly also announced its Monday closure.