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Tuesday, January 21st
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.
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.
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.
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.
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.
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:
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).
Select any 2 Online Auction Sites to compare them head to head