Hilco Global is auctioning off more than 400 high-end fridges and washing machines from brands such as Hitachi, with a total value of nearly $2 million.

With a starting reserve of just $10 and no set reserve, the discounted goods are the result of recent storms in Sydney which flooded a warehouse, causing water damage to the outside packaging.

The items have been removed from external cardboard packaging and internal plastic sleeves. Serial numbers have also been removed to void warranty, but the appliances have been tested and are safe to use.

According to Hilco global chief operations officer, Michael Hayes, a top-of-the-line glass fronted fridge that would usually retail for about $6,500 could be snapped up for less than half that price.

“This is a bargain hunter’s dream. All the goods have been certified and, although there is no warranty, are in perfect conditions with full electrical certification,” he said.

“The Sydney storms caused many people trouble, but this has also provided a potential windfall and golden opportunity for anyone wanting to upgrade their white goods before Christmas. It means potentially many thousands of dollars in savings at a time people are trying to maximise their hard-earned cash.”

The auction runs until 9pm on Tuesday 31 October. Anyone interested can visit the Hilco Global website to register and then view and bid on the items. Interested bidders are able to inspect display models on between 9am and 3pm from Tuesday 24 October to Friday 27 October, and from 9am to 2pm on Saturday 28 October.

There are limited inspection slots available by appointment, which can be booked here.

A full catalogue of items can be found here.

Won items must be collected from the Hilco storage facility. Delivery of goods can be organised and paid for separately.