Fire Sale

A fire sale is the sale of goods at extremely discounted prices, typically when the seller faces bankruptcy or other impending distress. The term originated in reference to the sale of goods at a heavy discount due to fire damage. A fire sale may or may not be a closeout, the final sale of goods to zero inventory. Fire sales are thought to occur in the financial markets when bidders who value assets highly are prevented from bidding on them, depressing the average selling price below what it otherwise would be. This lowering of the price can cause even further issues because it may be inaccurately perceived as signaling negative information.

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Fire Sale - History
... In December, 1856, the account of an extensive fire in the American House mentions the following occupants E. 9 Rollstone block, and advertised "Extraordinary fire sale customers are invited to call and examine goods which are still warm." ...

Famous quotes containing the words sale and/or fire:

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