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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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