That sounds like about what they would get at auction for that furniture.
Used contemporary furniture that is ten years old is a very tough sell. You can get a piece that is one or two years old for 20-30% of retail, if you want to buy used furniture.
They probably didn’t get these from Rooms R Us.
$4000 armoires should not be ‘junk’ after just 8 years. I have a hutch from the 1960s that is still in perfect condition.