General Parts Corp., doing business as Sterling Service Warehouse in Knoxville, Tennessee, will hold an absolute auction on Nov. 29.
Founded in 1921 by Keith Beaman, the warehouse has provided automotive parts to independent wholesale distributers throughout Eastern Tennessee, Kentucky and Virginia. The current ownership has decided to retire and sell more than $700,000 of parts inventory at absolute auction.
In an absolute auction, items are sold to the highest bidder regardless of the price.
The inventory includes automotive parts by Wagner (more than $300,000 in brake parts), Dayco, ANCO, ACDelco, Champion, Timken, BCA (more than $125,000 in bearings and hubs), Federal Wire, MOOG, Sealed Power, National Seals, WIX Filters, Buss, Fel-Pro, Gates and Autolite.
More than 2,700 sections of parts shelving, warehouse equipment and other items also will be available.
Sterling Service Warehouse is located at 7 Emory Place in Knoxville, Tennessee.
Bulk offers will be considered until Nov. 20. To place a bulk offer, call Blake Wilson at 865-310-3216.
Bidding can take place in person or online at www.bidspotter.com. There is a 15 percent buyer’s premium for online bidders and a 10 percent buyer’s premium for onsite bidders.