Format
LC operates in a reverse auction format. The channel will feature an item, and show a starting price and quantity available. They will then drop that amount down to the Liquidation Channel price. Occasionally the price will continue to drop down even more, depending on the item. In some instances, additional quantities of an item may be added, if more of the specific item are discovered in the inventory.
The host will continue to talk about the item, mentioning various aspects of the item such as size, gemstone, and other important information (such as additional sizes, stone cut, carat size, etc.) during which time a countdown clock runs (on the right side of the screen) and the quantity decreases as items are sold. If the item sells out before the clock expires, LC goes to the next item.
The price shown does not include shipping and handling charges. Shipping and Handling charges are determined by the day of sale or any special deals being offered. Shipping charges can range from $0.99 to $5.99 depending on the day the item is sold, and if any specials are being offered (such as a free shipping day), it is shown on the screen during the broadcast. As the company is based in Austin, Texas residents will also have to pay state sales tax for any items purchased (tax is charged on both the item price and the shipping charge).
Liquidation Channel is an All Sales Final company, so all items less than $200 are non-returnable. Occasionally LC will designate some items as returnable, and those items will display that in the item description (located in the lower right side of the screen). Returnable items have a 14 day window in order to return an item.
Read more about this topic: The Jewelry Channel