Iconoculture: From frozen meats to breakfast cereal, cost-conscious shoppers are bidding on heavily discounted items at grocery auctions, with average savings of between 50-90%.

Sprouting up at auction halls across the country, the gatherings put leftover and slightly damaged groceries on the auction block. Arriving from supermarkets, distribution centers and restaurant suppliers, the goods might otherwise have found their way into salvage stores or food banks.

While the items may be dinged up or close to expiration, everything is hawked as perfectly edible, and guaranteed with a full refund.

The combination of the recession and rising food costs has consumers opening up to new and often creative ways of saving on basic staples like food.

Groceries are going once, going twice — sold! [Iconoculture]

Steven Teo @ 12:00 AM  |  Food & Beverages  |  Comments (0)  |  Article Link
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