Phones 4u going into administration was one of the surprise stories of last year (or not, depending on your personal feelings), with the retailer ultimately shutting up shop after being abandoned by EE and Vodafone.
The good news for us is: the remaining stock is being auctioned off, and you might just be able to grab yourself a cheeky bargain.
John Pye & Sons Corporate Asset Management is currently holding a public auction “by order of the administrators of Phones 4 U”. No arguments here.
There are literally thousands of items up for grabs, including iPhones, iPads, Samsung Galaxy Notes, Samsung Galaxy Tabs, Sony Xperia Tablet Zs, Motorola Xs, PlayStation 3s, Nintendo Wii Us, accessories… The list goes on and on, and on some more.
A lot of the current bids seem to be pretty high (don’t expect to score a PS3 for £5 or anything), but with so many items up for auction, there’s always the chance of netting a delicious bargain.
Indeed, the Pye men have around 600,000 items up for grabs, with a retail value of £10.8 million. That’s a lot of stuff, man.
“We look forward to supporting PwC with this Administration process to achieve optimum realisations for Phone 4U creditors for such a high profile corporate insolvency,” croons Managing Director Adam Pye.
“While it is always very sad to see such a huge national business go into Administration, it does provide a rare opportunity for the general public to purchase merchandise for a fraction of what they would pay on the high street.”