Borders Group liquidation (2011)
Borders, the Ann Arbor-based bookseller, filed for Chapter 11 bankruptcy in February 2011. When no buyer emerged, the company liquidated and closed its remaining stores by September.
Liquidation sales and auctions dispersed inventory and closed hundreds of stores.
The collapse ended a Michigan-born national retail chain and became a template for later retail liquidations.
Sullivan's auction follows the same final step: selling remaining inventory after a long-running retailer closes.
