page_title: Fire sale
hierarchical_section_title: Fire sale
caption_attribution_description: For documentary purposes the German Federal Archive often retained the original image captions, which may be erroneous, biased, obsolete or politically extreme. Total-Auflösungs-Ausverkauf eines Geschäftlokals in der Friedrichstrasse, dass infolge der enorm hohen Miete schliessen muss. Der wegen zu hoher Miete zur Aufgabe gezwungene Laden in der Friedrichstrasse.
context_page_description: A fire sale is the sale of goods at extremely discounted prices. The term originated in reference to the sale of goods at a heavy discount due to fire damage. It may or may not be defined as a closeout, the final sale of goods to zero inventory. They are said 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 signalling negative information.
context_section_description: A fire sale is the sale of goods at extremely discounted prices. The term originated in reference to the sale of goods at a heavy discount due to fire damage. It may or may not be defined as a closeout, the final sale of goods to zero inventory. They are said 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 signalling negative information.
caption: Closeout fire sale in Berlin, Germany, 1931. The sign says that the store is closing as it cannot afford the rent.
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