An online sporting retailer has dramatically collapsed. There are potentially big savings that Aussies can score, including $1 deals.
For anyone looking to stock up on a home gym or redo their ping pong kit before the holiday season, thousands of premium sporting and furniture stock will be up for grabs from $1 a pop. The mega-sale comes after major online retailer T & R International collapsed into liquidation.
The firm’s entire inventory is to be auctioned off before Christmas.
The stock, valued at around $7 million, will be sold off in a fire sale in 20 auctions across three locations in Sydney, Melbourne and Brisbane.
While the auctions are facilitated online by Lloyds Auctions, the responsibility falls on purchasers to pick-up their items from the warehouse, where buyers will be required to show a photo ID in order to collect. Inspections can also be arranged at various warehouse locations from 9am – 2pm.
Lee Haymes, CEO at Lloyd Auctions, at one of the national warehouses. Picture: YouTube via Lloyds Auctions
Payment will be due 48 hours “after the fall of the hammer,” with the first auction closing tomorrow, Tuesday November 26.
Beyond commercial gym equipment, products like electric bikes, pool tables, mobility scooters, wheelchairs, and massage chairs are also on offer. The products are unreserved, with brand new and showroom models starting at $1.
The sale includes fitness tools alongside lifestyle and wellbeing equipment. Picture: YouTube via Lloyds Auctions
“Lloyds, in partnership with Hilco APAC, are under strict instructions to sell everything, and to sell it as fast as possible,” Lee Haymes, Chief Executive Officer of Lloyds Auctions said.
At the time of writing, a Cadillac pilates trapeze table valued at $3,599.99 was bidding for $440 in the Sydney showroom, while a $2400 motorised wheelchair (E-chair) was sitting at $130 in Melbourne.
T & R International, which also operated as T & R Sports Leisure and Bike Scooter Hub entered liquidation after an embattled year, when almost 500 complaints were lodged in NSW and Queensland Fair Trading jurisdictions about potential breaches of consumer law.
At the time of its collapse in October 2024, the company owed around $7 million to creditors and $4.5 million to customers who were yet to receive their products.
It followed A Current Affair report that detailed a number of customers who said they had been sold defective products and denied refunds, as well as being misled on purchases and being sold products that never arrived.