Mont Blanc and Lancel designer handbags, watches and briefcases to be auctioned by Hilco Global APAC

More than 2,500 designer items are expected to go under a hammer for a fraction of the price after the COVID-19 pandemic wreaked havoc on high-end retail brands.

Millions of dollars in merchandise – including pens, watches, briefcases and handbags – will be auctioned online over a seven-day period after major distributors go into administration, leaving stores closed throughout Australia.

“With over $ 2 million in retail value on 2,500 products, there is a bargain for everyone,” Natalie Reid-Frost of Hilco Global APAC told 7NEWS.

“Considering COVID, we had a shortage of international travelers to our country and that impacted the distributor’s ability to sell,” said Reid-Frost, “you could get a real bargain for a fraction of the Retail price.”

Over 2,500 designer products are ready to go under the hammer for a fraction of the cost. Credit: 7NEWS

Items up for auction include Mont Blanc pens which can sell for up to $ 8,460, watches valued at over $ 21,000, and designer handbags which typically sell for between $ 1,200 and $ 2,385.

The goods will be auctioned in line over a seven-day period starting at 6.30 p.m. on Thursday – but customers must first register on the Hilco Global Website to bid.

Successful bidders will need to pick up the goods in Milperra, southwest Sydney, or register someone to pick up the items on their behalf.

Check out some of the items up for auction in the video below

Two million dollars worth of merchandise, from watches to briefcases and handbags, are all up for grabs.

Comments are closed.