Property News · July 18, 2015

Is this a ‘secret eBay’ with great deals, or just Pye in the sky?


The johnpye.co.uk site offers stock from bust retailers and returns from John Lewis. But do you really get a good deal?John Lewis dumps its returns and end-of-line stock there, often at rock-bottom prices. It’s where 3,500 crates of brand new and ex-display mobile phones – all from the collapse of the Phones 4u chain – were sold off, with some handsets going for under £5. Cars seized by the DVLA and stolen goods recovered by the police – but where the owner can’t be traced – often end up there. Yet the John Pye Auctions website remains relatively unknown: is it a secret eBay where canny buyers can pick up real bargains, or the fag-end of retail, piled high with junk?Seven years ago, when Guardian Money first featured John Pye, it was a single warehouse in Nottingham, handling bankrupt and liquidation stock – and you had to turn up in person and bid. But the recession, and technology, have been kind to the business. It is now Britain’s biggest firm of commercial auctioneers with 14 warehouses across the UK, including an 11-acre site in the West Midlands. Continue reading…

Source : theguardian.com
Read more…Is this a ‘secret eBay’ with great deals, or just Pye in the sky?

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