This lunchtime at 1 pm, a 50-strong crowd gathered in Beit Quad hoping for a bargain in the form of one of the long-abandoned bicycles that had been left there.
The event was organised by the Cyclist's Co-operative, formed from the cycle users group which was initially set up to promote cyclists' issues around College and campaign for better cycle rack provision but is now focusing on a repairs and tools co-operative offering practical; help to the student cyclists.
All the bicycles were "sold": bargain of the day was one old blue bike claimed for the grand sum of £0.00, whilst the prize item, a nearly-new mountain bike, went for £140.
Organiser Ben Jefferys said, "The auction was an outstanding success. The total raised is over £1000, which is just astonishing. All of this will be ploughed into the forthcoming Cyclist's Co-op to the benefit of cyclists and cycling at Imperial College.
"Good news for cyclists and the environment!"