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v3.22.1

Other current assets | 3 Months Ended
--- | ---
Mar. 31, 2022
Other current assets |
Other current assets | 15. Other current assets ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2022 |  | 2021
Advances against auction contracts | ​ | $ | 8,974 | ​ | $ | 4,102
Assets held for sale | ​ |  | 10,830 | ​ |  | 17,538
Prepaid expenses and deposits | ​ |  | 30,319 | ​ |  | 41,955
Derivative financial asset | ​ | ​ | 576 | ​ | ​ | 751
​ | ​ | $ | 50,699 | ​ | $ | 64,346
​ ​ ​ ​ ​ ​ ​ ​ Assets held for sale ​
​ | ​ | ​ | ​
Balance, December 31, 2021 |  | $ | 17,538
Reclassified from property, plant and equipment | ​ |  | 359
Disposal | ​ |  | (7,067)
Balance, March 31, 2022 | ​ | $ | 10,830
​ ​ ​ ​ ​ ​ ​ ​ On March 17, 2022, the Company completed the sale and leaseback of a parcel of land including all buildings, in Bolton, Ontario, for a total sale consideration of $208,195,000 Canadian dollars (approximately $165 million) net of closing and transaction costs, and recognized a gain on disposition of property, plant and equipment of $169,092,000. The net book value of the Bolton property was $7,067,000. The payments for the lease were not considered to be at market rates given an initial two year rent free period and, accordingly, the Company adjusted the sales proceeds and the gain to fair value. The Bolton property continues to be used for auction operations under the operating leaseback agreement until the completion of the acquisition and development of a replacement property located in Amaranth, Ontario. (Note 21) ​ As at December 31, 2021, the Company also classified vacant land in Casa Grande, Arizona with a net book value of $10,500,000 as an asset held for sale.

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