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IMAX, the movie theatre chain faces auction on July 15

IMAX, the movie theatre chain faces auction next week

Movie theatre chain IMAX is set to go under the auctioneers’ hammer next week.

In an advertisement on the local dailies, auctioneering firm Ideal Auctioneers welcomed interested bidders for the auction that will take place on July 15 at the Imax theatre in Nairobi.

Some of the items to be auctioned include speakers, projectors, computers and other bar and kitchen equipment.

The auctioneering of what used to be a favourite entertainment joint for many Kenyans before the coronavirus speaks to the effect of the pandemic to businesses.

“Under instructions received from our client, we shall sell by public auction the undermentioned goods on Wednesday 15th July, 2020 at 20th Century Plaza, Nairobi CBD at 11 am,” announced the auctioneers.

The sale, according to the auctioneers, will include a huge assortment of movie theatre equipment such as retractable seats, projectors, TV sets, Power back-up units, roof and wall-mounted speakers.

A refundable deposit of Ksh100,000 shall be paid for one to obtain a bidding number

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