Arena TV Auction and Sale Achieves Record Breaking Sales

Arena TV Auction: A Landmark in Broadcast Equipment Sales

In February and May 2022, over 3,000 lots of Outside Broadcast and TV Production Equipment were auctioned on behalf of the joint Administrators of Arena Television Limited (in Administration). The Arena TV Auction, led by Hickman Shearer and CA Global Partners, included a wide array of assets ranging from Outside Broadcasting trucks to cameras, lenses, and hundreds of kilometres of cabling. This event attracted global interest, offering a rare chance to purchase equipment from a key player in British broadcasting history.

Impressive Sales Results

The auction was a major success, generating over £8.5 million in total sales. Notably, 94% of the assets were sold and cleared within just 13 weeks, showcasing the efficiency of the auction process. Hickman Shearer and CA Global Partners’ expertise played a critical role in securing these impressive results, which were well received by international buyers.

Key Highlights and Auction Strategy

An infographic produced by Hickman Shearer and CA Global Partners, titled Arena Auction Facts_Hickman Shearer_FINAL, outlines key highlights from this significant auction. The auction teams’ strategy was particularly effective, as noted by the joint Administrators, who commented, “The auction strategy has realised significantly more than the sale of the business and assets in one package would have achieved.”

Global Interest and Competitive Bidding

With buyers from around the world participating, the Arena TV Auction proved to be a milestone in the broadcast equipment industry. The competitive bidding underscored the value and demand for the assets on offer, further cementing Hickman Shearer and CA Global Partners’ reputation for delivering successful, large-scale auctions.

Infographic courtesy of Hickman Shearer and CA Global Partners