"Liquidation" means selling your drops directly from your inventory screen at their stated prices (ranging 50-180 gold). You might sell them for more in the consignment shoppe but it's likely not worth your time.
Pinks will come from the bosses only but they are rare. I wouldn't suggest using the luck elixir (costing you 1500 gold each time, wiping out your potential gains) as the value of even the rarest pinks don't justify it.
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