No sale as St Andrews auction house closes

The 'To Let' signs go up outside Macgregors Auctioneers. (Photo by Peter Adamson)
The 'To Let' signs go up outside Macgregors Auctioneers. (Photo by Peter Adamson)

There was little comfort this week for the dozens of Fifers who have been caught up in the sudden closure of Macgregors Auctions in St Andrews as a liquidator was appointed.

Graeme Smith of Dundee chartered accountants Henderson Loggie confirmed this week: “I have been nominated as Trustee in the individual applications of Mr and Mrs Urie to the Accountant in Bankruptcy (AiB) for Sequestration.

“Subject to approval of the AiB, I will be only involved in dealing with the individuals’ sequestrated estates.

“I will have to accept claims from any of the firm’s creditors under the joint and several rules, but will not otherwise be involved in the affairs of the firm of Macgregor Auctions.”

Mr Smith added that he had been told that the keys of the auction room had been handed back to the landlord and at the beginning of the week ‘to let’ signs went up at the Largo Road site.

Dozens of disgruntled customers have been in touch with the Citizen complaining about the situation.

Many still have property in the auction house, while others complained they knew their property had been sold but that they had not received any payment.

“I went to get my cash,” said one customer, “but was advised to wait until everything had gone – and I’m still waiting.”