HMV’s liquidation next week to give Hongkongers a chance to get their hands on 100,000 DVDs, records and its iconic dog statues
- Sale to include 50,000 DVDs, 24,000 Blu-ray discs, 20,000 music CDs and 9,000 vinyl records among other items
- Vision AS, which is handling the music retailer’s liquidation, says that tender sale for the stockpile had to be scrapped as the bids were too low
The largest liquidation sale in the city for more than a decade comes after a failed tender sale, said Wong Sun-keung, a partner at accounting firm Vision AS, which is handling HMV’s liquidation.
“We tried to sell a whole lot of inventory by way of tender in June, but the offer prices from the 10 bidders were too low. We therefore decided to host a liquidation sale for the public to buy more than 100,000 items at a discount,” Wong told the South China Morning Post in an exclusive telephone interview.
The sale will held from August 15 to August 29 from 11am to 9pm in W Square in Wan Chai. A presale restricted to ex-employees, creditors and the media will be held from 3pm to 8pm on August 14.
The price of most items was expected to be 50 per cent to 60 per cent lower than the original price, while some could be as much as 90 per cent off, Wong said, adding that it was a cash-only sale.
Wong said that their application for other payment methods such as Alipay, WeChat and EPS was under process.
