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Liquidation Review

Sunday, April 14th

2024 Online Auction Site Reviews

Liquidation Review 3.5 Star Rating

Liquidation

3.5 Star Rating
  • Bulk inventory
  • Timed bidding auctions
  • Items sold by pallets and truckloads
  • Sells items from popular retailers
  • Most pallets sell for more than 50% off the MSRP
  • "A+" rating from the Better Business Bureau

Liquidation, as the name suggests, specializes in auctions for commercial surplus inventory. The company was started in 2000, and it operates a consortium of other companies, each specializing in the resale of different items, including returned merchandise from stores, bulk goods, and overstock inventory, among others. These companies cater to a wide spectrum of industries, including retail, energy, industrial, construction, biotech, government, automotive, and even the scrap sector. Therefore, Liquidation has a broad reach that extends its services to many different types of buyers.

Start shopping with filters and lot sizes

After registering for a free account, you gain access to an extensive range of categories, encompassing items such as clothing, computers, tools, electronics, general merchandise, housewares, jewelry, and even store fixtures. Liquidation also presents you with the flexibility to select your desired lot size, whether it be an entire truckload, a pallet, or smaller packages. To refine your search results, you can choose from several criteria, including the condition of the items, warehouse location, seller identity, retail price, the number of bids placed, auction type, and lot price. This multifaceted approach to searching helps you tailor your auction experience. If you want to be a seller on Liquidation, you're out of luck. Liquidation only allows major entities like retailers, wholesalers, manufacturers, financial institutions, or other forms of business to sell on this platform.

Stress-free bidding style

The buying process on this platform is relatively straightforward. You can place bids on items of interest by specifying the maximum amount you're willing to pay. Should your bid emerge as the highest and secure the victory, your new item (or items) will be shipped to your location within four days. If you don't win the auction, you don't pay a dime, which helps keep the stress out of the process. And most of the auctions on the site list the original MSRP of the items in the package. Based on these numbers and the cost of the auctions still ongoing during our review, we noticed that Liquidation often sells these items more than 50% off the original MSRP.

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Not ideal inventory for specific searches

Liquidation is unique in that it doesn't feature independent sellers or individual sellers in its ecosystem. Instead, it focuses on selling bulk products sourced from major companies such as Amazon, Wayfair, Target, Sony, Lowes, and Home Depot. This means you can expect goods from a variety of sources and even some high-end items like furniture or appliances to appear in searches on Liquidation. For example, at the time of this review Liquidation was advertising Logitech items on the front page.

Compare their inventory

To compare the inventory range at Liquidation to the other auctions in this review, we looked at the same three key search terms (watches, autographed items, and iPads), and here's what we found.

  • Watches: 58 results found
  • Autographs: 2 results found
  • iPads: 64 results found

In general, there are far fewer auctions at Liquidation than at other competitors. However, if you're willing to do extra browsing or browse by company, you can find some unique items. For example, under the Target section, Liquidation was selling boxes of electronics with 49 items in them from older Target inventory. So, while you might not find exact items, you may find some unique and exciting deals if you're willing to dig.

Best for shoppers who love surprises

What Liquidation specializes in is bulk orders. While you can find single lots for sale, the majority of the inventory at Liquidation is large crates or multi-packs of overstock items that you can get in one large grab bag. While this doesn't guarantee that you will get everything you want in the crate, there are lots of different items in each one. For example, in the Wayfair Overstock section, there was a lot that included a Danby Dishwasher, a single swivel barstool, a nightstand, and a gold chandelier, along with 11 other items that aren't listed in the description. So, if you enjoy surprises and you're interested in highly discounted items from major retailers, this is a great place to shop.

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No listed return policy

Unfortunately, Liquidation doesn't have a return or refund policy. Due to the nature of the items, you don't really know what you're getting in the box. So, with Liquidation, you're agreeing to buy the items "as is" , which might be scary for some shoppers and exciting for others.

Reviewers are frustrated when items aren't perfect

According to Liquidation's page on the Better Business Bureau, the company holds an "A+" rating. However, according to customer feedback, its "A+" reputation with the BBB may not be totally accurate. Numerous reviews show customers expressing grievances about receiving products that bore little resemblance to the descriptions and images presented in the product listings. Due to the "as is'' contingency, customers received damaged items in some of their orders. Now, what these reviews don't take into account is that Liquidation is an overstock and returned merchandise auction site. Many times customers make returns with damaged items or things that aren't in perfect condition due to the return process. So, it's expected that not all the items in a crate or pallet will arrive in perfect condition.

Best for buyers who like bulk shopping

Liquidation offers a unique auction side, making it one of the go-to destinations for buying items in bulk. There's some great potential for amazing deals at Liquidation, but since you're agreeing to "as is'' purchases, there might be some danger of broken or less-than-perfect items in the orders. While there may be risks associated with the experience, it is undeniable that Liquidation presents an enticing opportunity to secure valuable products from major retailers like Wayfair, Overstock, and Target at compelling prices, making it a destination worth exploring for those with a discerning eye and who love a little surprise in their shopping spree.

Where's the Best Online Auction Out There Today?

If you're on the hunt for used items or rare finds, online auctions can be the best place to look. Just a quick search will reveal tons of online auction websites designed to help you sell or buy a wide array of goods. These digital marketplaces serve as the perfect arena for individuals to trade everything from household products and furniture to antiques, electronics, collectibles, cars, and clothing.

Online auctions offer a distinct advantage by granting you access to unique products that might otherwise be hard to find at traditional stores. Whether you're looking for rare collectibles or a very specific item that's not on the market anymore, online auctions are the best place to go. With the potential to score incredible deals or sell items at a price that feels fair to you, there are tons of benefits to shopping at an online auction.

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Online Auction Site FAQ

An online auction is where people from any geographic location can sell and buy items on the internet. Some items can be purchased outright while others require you go through a bidding process to see who will pay the most for that product. Time limits are set and anyone can bid a certain amount of money towards an item before time runs out. Someone may or may not offer more money (outbid), so the price of the item continues to rise until the time is up.
Not necessarily To list items, browse, and create an account is completely free. The only money you'll usually end up paying is the cost of an item if you win an auction. However, there are a few online auction sites that require you to pay a small amount for each bid you place. Also, if you're selling an item, the platform you use may take a small cut of the earnings.
The sky's the limit when it comes to what can be bought and sold through an online auction. Just a few of the many categories you'll find include electronics, collectibles, toys, sporting goods, household items, and business supplies. Pretty much anything and everything you find around you would fit into a category of what could be sold or bought at an online auction.
At an online auction, you'll discover unique products you won't find anywhere else. Whether it's an antique or new electronics that are out-of-stock through traditional retailers, you can find the best deals. You'll be able to buy everything you're wanting and more from the comfort of your home. The best part is that your new and exciting products will get shipped right to your door, so you don't have to pick them up from a store!
If an item up for bid is running out of time, a soft close ensures that everyone who wants to gets the opportunity to put in an offer. For example, if you're trying to buy a luxury watch and place a bid in the last couple minutes of a live auction, another minute or so will automatically be added to the bidding time to allow for anyone else to bid higher than you. This prevents people from placing bids at the very last second and closing an item before someone else gets the chance. It also helps guarantee that the seller is able to get the highest dollar amount possible for the item they are selling.
Some auctions have bidding increments to prevent people from outbidding each other by insignificant amounts like a penny. It makes it so that people have to be serious about placing a bid because they are offering a reasonably higher price than the person that bid before them. For example, if an item is currently listed for $1,600, a bidding increment might be set at $100, which means the next bidder must offer at least $1,700 in order to participate.
Participating in an online auction is as easy as creating a free account on the auction platform and browsing the site for items you're interested in. Once you find something you want to bid on, you'll most likely need to provide payment information upfront and then you can select your item and enter the amount you'd like to bid. It's important to keep watching items you really want in case someone else outbids you and you want to bid again. If you want to sell an item, you will list it by providing a description of the product, a starting bid amount, setting a bid increment, and other relevant information.
The short answer is no. Once you place a bid on an item, you're locked into paying for it if you win the auction. Make sure you are always willing to pay what you say you will and that you seriously consider any purchases before bidding. Some auctions might get outrageous as far as what people are willing to pay, so be sure not to get caught up in the action if you don't have the funds to pay for an item. If you do find yourself unable to buy what you've won in an auction, it is best to contact the seller and ask if they will cancel the transaction and either re-list the item or offer it to another bidder.
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Continued from above...

If you're looking to sell, you wield the power to showcase your items in an online auction. You can rest assured that thousands (maybe even millions) will see your items, helping you get the best deal out there. However, what truly defines the charm of these platforms is the democratic nature of the bidding system. Anyone can partake by placing their bids, each incrementally elevating the price of the item. Once the curtain falls on the auction, the highest bidder emerges victorious, earning the privilege to claim their prize. This means you might even make more money on your sale than you expected if a bidding war ensues.

If you're on the other side of the auction - looking to buy, or simply an enthusiastic shopper in search of that elusive, one-of-a-kind item - you can tailor your choice of online auction sites to your needs. Whether you're looking for a vintage locket or the newest Apple Watch, you can find anything and everything on these platforms. Plus with low starting prices, online auctions transform seemingly unattainable items into tangible acquisitions that you could win at the click of a button. You'll have access to great deals and rare finds that you might not stumble upon in your local stores.

As you venture into the realm of online auctions, you'll find that not all platforms are created equal. The key to a fulfilling online auction experience is finding a platform that offers a top-notch user experience.

If you're not sure how to start narrowing down your options, here are some criteria to bear in mind as you browse:

  • User-friendliness. Look for websites that are a breeze to navigate. A clutter-free, intuitive interface, coupled with clear product descriptions and transparent auction rules, will help you have a hassle-free experience. After all, the last thing you need is to waste time learning to use a website while trying to explore items and place bids.
  • Product selection. The array of goods varies from one online auction site to another. While some may specialize in liquidated items, others may cater to antiques, collector's items, or offer an eclectic mix of products. The choice of a site should reflect the category of items you're seeking to buy or sell.
  • Reputation. Place your trust in well-established platforms with a reputable track record. Finding auction sites that are verified by the Better Business Bureau or those that have verified user reviews can help.

To help you find the best online auction site out there today, Top Consumer Reviews reviewed and ranked different platforms so that you don't need to worry about it. We hope that our reviews will serve as a compass, guiding you to the platforms that best align with your selling-and-shopping pleasure, so that you can focus on what's most important: uncovering those new and exciting items at outstanding prices (or connecting with buyers who will pay top dollar for what you have).

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