Other current assets

3 Months Ended

Mar. 31, 2020

Other current assets

Other current assets

12.    Other current assets

	March 31,		December 31,
	2020		2019
Advances against auction contracts	$	7,830	$	12,925
Assets held for sale		8,163		15,051
Prepaid expenses and deposits		22,050		22,184
	$	38,043	$	50,160

Assets held for sale
Balance, December 31, 2019		15,051
Reclassified from (to) property, plant and equipment		(6,888)
Disposal		—
Balance, March 31, 2020	$	8,163

As at March 31, 2020, the Company’s assets held for sale consisted of one excess auction site located in the United States. Management made the strategic decision to sell this property to maximize the Company’s return on invested capital. The estimated sales proceeds are expected to be in excess of the current book value. The property has been actively marketed for sale, and management expects the sales to be completed within 12 months of March 31, 2020. The property belongs to the A&M reportable segment.