Auction sites that sell Christmas returns and items on display at bargain prices
Bonanza unloved giveaway: auction sites that sell Christmas returns and display items at bargain basement prices – including iPhone11 Pros for under £ 500 and VR headsets for under 150 £
- Christmas returns don’t always return to shelves after being brought back
- Packaging, reshipping and labor costs sometimes prevent stores from reselling
- They sometimes offer them on auction sites which can be bought at low prices
- Often these items are then resold by buyers on eBay or other auction sites.
Bargain hunters looking for a deal in the January sales might just be looking in the wrong place.
As High Street stores and online retailers slash prices on their winter lines, savvy bargain hunters are snapping up other cheap deals elsewhere.
Unloved gifts and old store display items are whipped at discounted prices on some UK auction sites – which specialize in selling in-store returns.
While many returns will end up on the shelves, some large chain stores are unwilling to make the effort to restock returned merchandise.
Instead, these items are sold to “recommerce” websites – where savvy savers can bid at bargain prices.
On one site, John Pye, who specializes in returns, used items and display products, an iPhone11 Pro – which normally has a suggested retail price of £ 899 – is currently being auctioned off with a bid of 450 £.
On another site, iBidder, unused display scents worth £ 80 are currently available to bid for £ 2.
One of the offers is for a 64GB iPhone 11 pro: Current offer: £ 392 / List price: £ 889 from website, John Pye
Bargain hunters can bid for an Oculus Quest VR headset: Current bid: £ 90 / RRP: £ 299, by John Pye
Aspiring baristas can bid for a Delonghi coffee maker: Current bid: £ 51 / RRP: £ 209 on John Pye
Need a new laptop? A Lenvo Thinkpad P1 laptop currently has a bid of: £ 485 / RRP: £ 2249 on John Pye
If you’re happy with an unused display version of a perfume, Dolce and Gabbana Light Blue Eau de Toilette: Current Bid: £ 2 / RRP: £ 80 is on iBidder
Want some new running shoes? Adidas Tresc running shoes: Current bid: £ 30 / RRP: £ 110 on iBidder
How does the process work?
Some of the best deals on popular housewares currently on sale
iPhone 11 pro 64GB: Current bid: £ 392 / List price: £ 889 – John Pye
Oculus Quest VR Headset: Current Bid: £ 90 / List Price: £ 299 – John Pye
Delonghi Ecom311 Icona Micalit Manuel Espresso Maker Current Bid: £ 51 / List Price: £ 209 (on sale for £ 109) – John Pye
Lenvo Thinkpad P1 Laptop: Current Bid: £ 485 / RRP: £ 2,249 – John Pye
Dolce and Gabbana Light Blue Eau de Toilette: Current bid: £ 2 / RRP: £ 80 – iBidder
Adidas Tresc running shoes: Current bid: £ 30 / RRP: £ 110 – iBidder
Note: These are auctions running at 1:00 p.m. on January 3. There are also additional buyer fees / commissions which may increase the total cost.
Customers often return items they don’t want or need to the retailer, whether those items were purchased online from sites like Amazon or from High Street stores.
But sometimes retailers do not replenish returned items themselves for resale because the cost of doing this exceeds the value of those items.
So the retailer instead decides to cut losses and divert returned items to third-party UK resale companies like auctioneers iBidder and John Pye.
Entrepreneurs then try to make a profit by selling the products to consumers online or wholesaling them to wholesale buyers.
On some websites – especially in the commercial market – many items are packaged in large lots and sold as a collection of items.
If that doesn’t work, stores often recycle them. Otherwise, the items would be dumped in a landfill, causing environmental problems.
In recent years, e-commerce companies like Amazon have made it easier for consumers to return unwanted items.
The strategy behind this thinking is that customers who have an easier time returning items will be more likely to shop again from the same retailer because of the pleasant experience they had to get their money back.
The retail market has created a cottage industry of third-party sellers who find functional, sought-after items at bargain prices, then resell them on sites like Amazon and eBay.
There are two main reasons why a retailer cannot resell a returned item, even if it is still new and unused.
The first is for shipping and handling charges, as well as reshipping and labor charges associated with sending it to its new buyer.
The second reason retail companies don’t always put returned items back on the shelves is that the longer an item is out of circulation, the less valuable it is traditionally. Pictured: Dublin sales in January
The second reason retail companies don’t always put returned items back on the shelves is that the longer an item is out of circulation, the less valuable it is traditionally.
When it comes to buyers, as always, keep the consumer smart because you aren’t always guaranteed a discount.
Due to the nature of auctions, prices can sometimes skyrocket toward average RRP prices, and on some websites there are additional fees and buyer commissions that need to be factored in, along with delivery charges.