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Life Cycles Leeds auction: High-end bike auction attracts over 650 bidders after collapse of company

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Hundreds of pieces of high-end cycling equipment valued at close to half a million pounds went under the hammer this week following the collapse of a Leeds bike shop.

Among the items auctioned off after the collapse of Leeds Bike Shop Ltd, which ran Life Cycles on Stanningley Road in Leeds, were Italian racing cycles that retailed for up to £3,500, carbon fibre frames and other parts and clothing items. The firm ceased trading at the beginning of February, with the restructuring and insolvency team Quantuma instructing auctioneers Eddisons to handle the stock.

Eddisons auctioneer Paul Cooper, who ran the auction at the Scunthorpe Auction Centre, told the Yorkshire Evening Post: “It was a tremendous success in terms of exposure and competitiveness with over 650 bidders. Sign up for our free newsletters today “We have five carbon fibre bikes that made in excess of £1,000, with the top seller making £1,700 under the hammer.

 

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