Earlier in 2014, Phones4U, a UK based retailer entered administration – the United Kingdom’s equivalent to bankruptcy. The struggling company took down its online stores and closed all of its retail operations. As a result of administration, company had to cancel all of its iPhone 6 and iPhone 6 Plus pre-orders. Now that the company is in the middle on administration process, Phones4U is all set to liquidate all of its stock, including the entire inventory of iPhone, iPad and Beats headphones.
The entire Phones4U stock is going to be sold off at auction. Items are being sold in individual lots and not in bulk buying. The inventory includes lots of iPad, iPhone and Beats headphone units. Apple devices include iPhone 5, iPhone 5c, iPad Air, and iPad mini units. The items are tagged with cheaper prices in an effort to offload all of the stock as quickly as possible.
The online auction is currently active and is accepting bids for the listed items. The auction is being handled by a UK based auction house John Pye Auctions. With more than 600,000 items reportedly being auctioned in total, amounting to a sum of £10.8 million, the auction is being called the UK’s biggest auction of the year.
The auction house is taking orders online, even allowing internal visitors to bid for the items. However, the auction house will not be responsible for shipping any sold items. Buyers must make arrangements for the sipping of items or pick up the bought items from the auction house in person.
Bidding on Phones4U auctions will end on Tuesday, January 6, 2015 with a public showing available on Monday, January 5, 2015 from 10am to 2pm at John Pye & Sons warehouse in Staffordshire.