Sydney's design college Raffles has gone up for auction completely unreserved with all items starting from $1.
Lloyds Auctions chief operations officer Lee Hames said that all items at the college will be sold.
“All items will and must go and they could sell for any price being an unreserved auction, with all items starting from $1 there could be some great bargains had in this sale.”
Raffles will close down its Parramatta based college due to logistics.
It is one of 24 campuses across 13 countries.
In November, Raffles College notified the Tertiary Education Quality and Standards Agency (TEQSA) of its intent to withdraw its registration as an Australian higher education provider.
In line with the requirements of the Higher Education Standards Framework, TEQSA said it would assess Raffles' application, including considering its strategies to mitigate any disadvantage to students and the most suitable date for this withdrawal to take effect.
TEQSA worked with Raffles to ensure the 80 students impacted by this decision were supported. At the time, Raffles explored opportunities for students to continue their study at another Australian higher education provider and, where applicable, refunded for any fees paid for future study.
The college now intends to sell all stock and are offering all items completely unreserved in an auction being hosted by the Australian auction company, Lloyds Auctions.
“We are extremely excited to offer these uncommon but valuable items to the public, we expect many people to be interested in this auction to grab a bargain,” Hames said.
With 25 years of history the design college that ranges from film, animation and graphic design right though to fashion, photography and interior design has many hi-tech and very well looked after items up for grabs which could sell for any price.
“We expect there will be many other colleges and universities in the equipment as well as small design businesses and even current students or freelancers in design related careers.”
The auction includes over 50 Apple Mac computers, professional photography and filming equipment, over 30 commercial Brother sewing machines, commercial printing equipment, lighting and sound recording equipment, draftsmen tables, office furniture and more.
The online auction ends on Wednesday, January 30 at 10am.