What’s Happening?
A huge insurance claim stock clearance is flooding the market with over 11,000 brand-new household appliances at bargain prices. Lloyds Auctions is overseeing the multi-million-dollar clearance, featuring premium brands like Samsung, Apple, LG, Smeg, Fisher & Paykel, and Dyson. With bidding starting at just $1, this nationwide auction runs over 25 separate events across 11 days, offering an incredible opportunity to secure high-end appliances at heavily reduced prices.
Why It Matters? – Big Savings in Tough Times
As the cost of living continues to rise, affordable access to household essentials has never been more crucial. Many of these products, originally set for retail shelves, are now available to consumers at a fraction of their usual price.
“This event presents an opportunity for households to access premium appliances well below retail pricing,” said Lee Hames, Chief Operations Officer at Lloyds Auctions.
He added, “With cost-of-living pressures rising, the timing of this clearance couldn’t be better.”
Local Impact – Redlands Residents Can Benefit
This stock clearance is a golden opportunity for families in Redland City looking to replace or upgrade essential appliances without breaking the bank. The availability of nationwide shipping ensures that even those outside major cities can participate.
For those affected by ex-Cyclone Alfred, this clearance could be particularly helpful in replacing damaged household items at an affordable cost.
“If you’ve been affected by ex-Cyclone Alfred or are simply feeling the cost-of-living squeeze, this is a rare chance to secure premium household items at heavily reduced prices,” Hames explained.
By the Numbers:
- 11,000+ brand-new household appliances now available for auction.
- $6 million worth of stock to be cleared.
- 25 separate online auctions spanning over 11 days to move inventory fast.
Zoom In – What’s on Offer?
The clearance includes top-tier appliances, such as:
- Fridges, TVs, kitchen gadgets, coffee machines, blenders, and vacuum cleaners
- High-end products from major brands like Apple, Samsung, Fisher & Paykel, and Dyson
- Many items are brand new, still in original packaging, and were originally priced in the thousands
“We’re seeing more and more high-quality products being repurposed through auctions rather than being discarded,” Hames noted.
Zoom Out – A Shift Towards Sustainable Stock Disposal
Historically, insurance-affected stock was often discarded or written off entirely. However, the demand for sustainable solutions is pushing companies toward eco-friendly resale options.
“This type of stock disposal is gaining momentum, as companies take greater responsibility for their environmental impact,” Hames said.
This event is part of a broader trend in circular economy practices, where perfectly usable items are redirected to consumers instead of heading to landfill.
What to Look For Next?
Given the massive demand for these auctions, expect Lloyds Auctions to continue processing millions of dollars’ worth of claim-affected stock in the coming weeks. More high-value clearance events are likely on the horizon, offering even more savings opportunities.
Don’t miss out on this massive clearance! Browse the auctions and place your bids now at 🛒 lloydsauctions.com.au/appliances
