Auction items will include whitegoods.
Auction items will include whitegoods. pic_studio

Massive auction has whitegoods priced from $1

IF YOU act quickly, you could be lucky enough to pick up a new fridge or washing machine for as little as $1.

More than six double-trailor trucks full of brand-new whitegoods worth over $2 million have inundated Lloyds Auctions where they will all be auctioned starting at $1 with no reserve.

Multiple major retailer insurance claims have led to an unprecedented influx of new whitegoods, appliances, consumer electronics, drones, computers and more.

Big brand products such as Samsung, Fisher and Paykel, Hisense, LG, Miele are stacked high and Lloyds has had to rent an additional warehouse to keep up.

In a series of unreserved auctions, thousands of products will start at just $1 and sell to the highest bidder at any price.

"We have fridges, washing machines and dishwashers as far as the eye can see. You'll find everything to fit out your home and possibly save up to 50 per cent off recommended retail prices," said Lloyds Auctions Chief Operations Officer Lee Hames.

"There's even 21" TVs on the fridge doors - I've never seen anything like it."

Interest in the new items is already flooding in and the auctions have not even been published yet.

"These sales don't last long and don't come around often. They have proven very popular nationwide so I encourage people to get in quick if they don't want to miss out. In fact, we have already had great interest from people coming through our warehouse and all the items haven't even been put online yet," Mr Hames said.

Insurance claim auctions are often in original condition or display packaging that has been exposed to the elements.

"There is usually nothing mechanically wrong with these products, with most items only showing damage to the box, but to ensure our customers satisfaction, we have tagged and tested every item," Mr Hames said.

Lloyds will hold back-to-back auctions until all stock is sold.

Some auctions are now open for bidding online and more sales will be added to the Lloyds Auctions website, so check the website regularly for details.

The first auction finishes on Saturday, 23 February and Lloyds is open seven days for inspections, with locations across Queensland and New South Wales.

Bidding and further details can be found on the Lloyds Auctions website .

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