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Online auctions

COVID-19

Auction industry readies for COVID-19 business closures

by Kimberly Adams
May 13, 2020
The last order of business for many bankrupt companies — restaurants in particular — is to put their assets under the gavel.
A closed restaurant in Washington, D.C., in March. Auction companies are predicting a wave of closures and liquidations due to the COVID-19 pandemic.
Nicholas Kamm/AFP via Getty Images
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