Phones4U begins liquidating iPad and iPhone stock

image Phones4U iPhone 5c stock

Earlier in 2014, the UK-based retailer Phones4U announced that it was entering administration, the United Kingdom’s equivalent to bankruptcy, and as a result had to cancel all of its iPhone 6 and iPhone 6 Plus preorders.

As that process continues, it has been announced that all of the current stock from Phones4U is going to be sold off at auction. Among the products are plenty of Apple-branded goods, including a range of iPhones and iPads, as well as Beats headphones. As Phones4U liquidates its products, they are marked with cheaper price tags in an effort to move all of the stock as quickly as possible.

The UK-based auction house John Pye Auctions is handling the proceedings moving forward, in what is being called the UK’s biggest auction of the year. There are reportedly more than 600,000 items being sold in total, which amounts to a sum of £10.8 million. Within the Apple related stock are iPhone 5’s, iPhone 5c’s, iPad Air and iPad mini units, as well as the aforementioned range of Beats-branded headphones.

As aforementioned, the prices of these devices have been severely marked down as the auction house aims to offload the units. Some base models of the iPad Air and iPad mini units are being sold for as little as £2, or about $3. Interestingly enough, the auction house is taking orders online, and those orders can be placed internationally as well. However, the auction house will not be shipping any sold units, so those in international areas that buy the products must figure out their own shipping.

The bidding will end on Tuesday, January 6, 2015.

[via MacRumors; John Pye Auctions]