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Other current assets | 9 Months Ended
--- | ---
Sep. 30, 2021
Other current assets |
Other current assets | 14. Other current assets ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2021 |  | 2020
Advances against auction contracts | ​ | $ | 3,107 | ​ | $ | 6,487
Assets held for sale | ​ |  | 7,067 | ​ |  | —
Prepaid expenses and deposits | ​ |  | 21,622 | ​ |  | 20,787
​ | ​ | $ | 31,796 | ​ | $ | 27,274
​ ​ ​ ​ ​ ​ ​ ​ Assets held for sale ​
​ | ​ | ​ | ​
​ | ​ | ​ | ​
Balance, December 31, 2020 |  | $ | —
Reclassified from property, plant and equipment | ​ |  | 7,308
Disposal | ​ |  | (241)
Balance, September 30, 2021 | ​ | $ | 7,067
​ ​ ​ ​ ​ ​ ​ ​ ​ On August 13, 2021, the Company entered into an agreement to sell a parcel of land including all buildings, in Bolton, Ontario. The selling price for the Bolton property is approximately $170,000,000 ($210,000,000 CAD) and is subject to certain closing adjustments. The Company also anticipates that it will incur approximately $1,500,000 in selling costs. The Company intends to relocate its auction operation from the Bolton property to a replacement property located in Amaranth, Ontario. The closing of the sale of the Bolton property is conditioned upon, among other customary closing conditions, the Company receiving: (i) zoning and other governmental approvals necessary for the construction and development of the replacement property and (ii) confirmation from the vendor of the replacement property that it has satisfied its conditions under a separate agreement of purchase and sale with respect to the replacement property. These conditions must be satisfied or waived by the Company by April 1, 2022 and are subject to an extension that shall not extend past October 1, 2022. In addition, upon closing of the sale of the Bolton property, the Company intends to lease the Bolton property for a period of two years and has an option to renew the lease for two additional one-year periods, until such time as the replacement property is available for relocation of the Company’s operations. During such lease period, the Company will continue to conduct normal auction operations at the Bolton property. As at September 30, 2021, the Company has classified the Bolton property, with a net book value of $7,067,000 as an asset held for sale on the balance sheet.

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