A major toy retailer is closing down its Australian warehouse operations – and they’re selling everything they’ve got stored up from $1.
US-based KidKraft, which has been in business for more than 50 years, is known for its toys and furniture, including play kitchens, dollhouses, and outdoor playsets.
And this Saturday, December 21, Lloyds Auctions will hold an online auction with what they estimated was more than $800,000 worth of those toys available.
The warehouse closure comes after KidKraft filed for bankruptcy in the US, but the retailer aims to continue operations.
Lloyds said in a release bids would start at $1 with no reserves for “brand-new, in-box” KidKraft products.
It will take place online across Brisbane, Sydney, Melbourne, and the Gold Coast.
The presents will be available for Christmas, with pickup available from Lloyds’ Melbourne, Sydney, and south-east Queensland locations on December 23-24.
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Otherwise, they can be picked up in early 2025.
“This is a one-off opportunity for Australians to grab KidKraft’s beloved products at prices you’d never see in stores,” Lloyds chief operations officer Lee Hames said.
“All items are brand-new and perfect for last-minute Christmas gifts. There are more than 4200 premium items going under the hammer, providing families the chance to own these products at a fraction of the retail price.”
