J&R to Auction Off $1M of Remaining Inventory
FINANCIAL DISTRICT — The last of music and electronics mega-store J&R’s inventory is hitting the auction block.
The iconic Park Row retailer, which shuttered last month, is selling off more than $1 million worth of new computers, cameras, TVs, audio equipment and other appliances starting Tuesday, according to an auction notice from ASM Auctioneers.
The two-day sale, which will take place inside J&R’s former 1 Park Row home on May 13 and May 14, will include a host of laptops, visual equipment, home entertainment systems, headphones, video games and other wares from brand-name retailers like Toshiba, Samsung and Nikon.
Potential customers can peruse the products starting at 9:30 a.m., at J&R’s former store location, with the auction begining at 11:30 a.m. Only cash or certified checks will be accepted.
The recognizable outlet started as a basement record shop in 1971 and grew to encompass the whole block across from City Hall Park, selling everything from toaster ovens to desktop computers before it closed in April. The store's owners announced they'd be reopening next year, after a major renovation, though details about the relaunch have yet to be announced
For more information about the auction, head to ASM’s website.