NEWS

Target's final markdown? B.C. auction house to hold mysterious 1-day sale

05/12/2015 10:26 EDT | Updated 05/12/2016 05:59 EDT
A B.C. auction house is selling off 250 pallets of remaining inventory from a "national department store that recently closed all Canadian stores"... that may, or may not, be Target.

Items for sale range from electronics to baby products, as well as household items, tools, toys and even bedroom linens.

"It's a bit of a funny inventory in that there is no spreadsheet on it, there is no manifest whatsoever with it," said Jeremy Dodd, President of Able Auctions, who would not confirm the identity of the retailer.

"An absolute mixture of everything you'd find in a department store. It's all here, it's all brand new, and it will all be sold to the highest bidder."

'Pretty sexy product'

The auction takes place on May 23 at Able Auctions' Langley location in the B.C.'s Lower Mainland, but people can also bid online.

Dodd says it is pretty rare for his company to come across an auction with such a wide variety and quantity of products.

Right now they are in the processing of bundling up the products into lots.

"Some items here, you are going to buy for 75 cents on the dollar, there are some items you are going to pay five cents on the dollar. It's going to be all over the board," said Dodd.

"This is a pretty sexy product for the general public, so I'm sure we'll get a lot of interest."

To hear the full interview with Able Auctions' Jeremy Dodd, listen to the audio labelled Target Auction?

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