More than £ 250,000 of high-end cycling gear to be auctioned in Scunthorpe after retailer collapses

More than a quarter of a million pounds of high-end equipment will be under the hammer in Scunthorpe following the collapse of an independent bicycle retailer.

The kit is one of the best money can buy and includes bikes retailing for over £ 10,000 each, parts that cost thousands and a mountain of exclusive gear and clothing.

It is from Ubyk, based in Oxford and Brighton, which has been put into liquidation, and will be auctioned by Eddisons CJM, based in Scunthorpe, on Monday 13 May.

Auctioneer Paul Cooper said: “Ubyk was about as high end as a bike shop could get. Their claim to fame was that they sold some of the best bikes in the world in theaters. gallery-like exhibition designed to show off their engineering magnificence.

“Of course, their range was incredibly expensive. The cycles we’re putting under the hammer include a couple made by an American company called Parlee that sold in the £ 10,000 range.

“They’re handcrafted, carbon fiber, with Zipp carbon wheels, although you don’t get pedals at this price point. They’re awesome.

“Even more expensive is a Cipollini carbon monocoque frame which was priced at £ 10,000. Just the frame. Wheels and other parts are extras.

“Not all of the bikes were that expensive, of course. We were sent a good selection and some of them sold for as little as £ 5,000.”

Mr Cooper said the jaws fell to Eddisons CJM’s Scunthorpe auction center when it was discovered that a small box contained a lightweight bicycle seat that weighed only two ounces and came with a tag price of £ 407.

He said: “I have to say this seat has garnered a lot of reviews. It’s light, pretty remarkable, but who pays £ 450 of their own money for a bicycle saddle?

“If I was that worried about the weight, I would go on a diet for a few days – but I guess runners who want that sort of thing already have!”

Asked why the business collapsed, he said: “The liquidation does not appear to have been the usual modern story of a high street retailer undermined by online competitors.

“Ubyk actually started as an online business and didn’t open stores in Oxford and Brighton until later. and £ 12,000 is not that easy.

“The stores closed without notice in December and the business went into liquidation a few weeks later. It then became necessary to vacate the premises, which is why all the stock was transferred to our center in Scunthorpe.

And he said there might be some great deals for cycling enthusiasts.

He said: “The auction spans over 750 lots and includes complete cycles, frames, forks, wheels, parts, helmets, shoes, clothing and an auxiliary kit. that the retail value is probably as high as £ 300,000.

“It’s auctioned without reservation, so it does what it does. Auctions involving other stocks of cycle companies have seen full cycles accounting for half or two-thirds of retail value, with equipment and parts ranging from 10-50%, so if this is repeated the Successful bidders could realize substantial savings. “

A viewing session will take place at the Auction Center on Dunlop Way in Scunthorpe from 10 a.m. to 11:45 a.m. on Monday May 13 and the full catalog is available on the Eddisons CJM website . The online auction will end on Monday May 13 at noon.

Follow or contact Scunthorpe Live

Contact us: E-mail the journalist who wrote this story.

Follow Scunthorpe Live on Facebook – Like our Facebook page to get the latest news in your feed and participate in the lively discussions in the comments. Click here for give it or send us a message with a comment or story

Follow us on twitter – For the latest news and stories click here to follow Scunthorpe Live on Twitter.