Long-standing local business Alf Duncan Auctioneers of Gants Centre in Strand has abruptly closed its doors and entered voluntary liquidation, leaving local consignors owed hundreds of thousands of rands, unpaid debts and allegations of financial misconduct in its wake.
The company was officially placed into voluntary liquidation by special resolution registered on Wednesday 5 August, ending months of speculation among creditors struggling to recover proceeds for goods auctioned off as far back as late last year.
Among those severely impacted is Managed Moves SA, a local business operating since 2021, that partnered with the auction house to clear and sell client assets, including household furniture and paintings.