The collapse of an online sports retailer could mean thousands of Australians could snap up a bargain in the run-up to Christmas.
T&R International, which also traded as T&R Sports, fell into liquidation in October owing $7 million to its creditors and $5.4 million to its clients.
The company’s entire inventory, worth an estimated $7 million, is being sold at 20 auctions in three locations in Sydney, Melbourne and brisbane.
Lloyds Auctions is handling liquidation sales for T & R Sports, with over 10,000 lots to clear. All items are no reserve, with new and display models starting at $1.
Products up for grabs include pool tables, treadmills, exercise bikes, massage chairs, electric bicycles and scooters, table tennis tables and gym equipment.
Auctions are held online and buyers must pick up their items at warehouses and will need to show identification to pick them up.
Inspections of items to be auctioned in warehouses can also be arranged between 9:00 a.m. and 2:00 p.m.
However, buyers will not be able to claim warranty on any items purchased and a Lloyds spokesperson told Daily Mail Australia: “All lots are auctioned under standard auction terms, therefore there is no warranty.”
T&R International, which also traded as T&R Sports, collapsed in October
The shares (pictured) are valued at around $7 million and will be sold at 20 auctions across three locations in Sydney, Melbourne and Brisbane.
Pool tables, treadmills, electric bikes, scooters and gym equipment will be sold.
“Lloyds, in partnership with Hilco APAC, has strict instructions to sell everything and sell it as quickly as possible,” said Lee Haymes, chief executive of Lloyds Auctions.
“The short 30-day sale period and all items starting at $1 with no reserve ensures all inventory is cleared before Christmas,” Hames said.
The company’s collapse in October followed almost 500 complaints to Fair Trading jurisdictions in New South Wales and Queensland about possible breaches of consumer law.
NSW Fair Trading warned consumers “not to deal with online merchant T&R International Pty Ltd using the trading names ‘T&R Sports’ and ‘Sports Leisure’ through the websites” www.trsports.com. au” and “https: //sportsleisure.com.au”.’
In September, Queensland Fair Trading Commissioner Victoria Thomson said: “We are particularly concerned by claims that consumers are being denied refunds to which they are entitled under the Australian Consumer Law.”
“Some consumers claim they have never received the products they ordered, while others report that products were delivered late or damaged.”
A Current Affair investigation spoke to customers who claimed they were deceived, sold products that never arrived or were defective, and were denied refunds.