Jewellery, gold bullion, scrap precious metals and an armoured vehicle were the range of assets and stock holdings of this West Midlands gold bullion business – JEEG Global Ltd t/a The Bullion Room – of which John Pye Business Assets department was instructed to appraise for an insolvency client.
Subsequent to our appraisal the client appointed John Pye Auctions and we then provided a swift roll out of additional services across our portfolio of client account offerings, in this case undertaking security, stock inventories, relocation, valuation and disposal strategies.
Some of these applied strategies included the smelting of precious metals, processing finer examples of jewellery for online auction and full site clearance including the removal of hazardous chemicals such as cyanide.
A series of online auction sales were held and achieved £270,000 in total proceeds. The instruction proved such a success it led to further luxury asset instructions and eventually provided one of the foundation stones for our fifth department; John Pye Luxury Assets in 2015, which now acts upon instruction for pawnbrokers, luxury retailers and private clients, with headquarters in Old Bond Street, Mayfair, London, providing a strategic gateway to an international market of luxury sellers and buyers.