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TERMS & CONDITIONS OF SALE FOR THIS ONLINE AUCTION

By clicking the “I agree” button or signing these terms and conditions I/we indicate my/our acceptance to these terms and conditions.

Registration Fee: R10,000.00 Refundable Registration Fee
Bank: ABSA
Branch: Pretoria North
Branch code: 632005
Account Number: 4066462915

DURBAN: Pinewood D234 Camperdown, KZN.
Contact - Karl – Cell: 061 485 2132 or
Cory Cell: 083 310 9809

CAPE TOWN: 267 - 271 Koeberg Main Road, Brooklyn, Cape Town
Contact: Ricardo Green - Cell: 076 274 9365

MEYERTON: 107 Lawa Road, Randvaal, Meyerton
Contact Danie Cotton: Cell - 072 607 2562 or (016) - 366 4046

Auction End Date: Ends – 17 May 2024 @ 12h00

Time Extension: 5 Minutes

If a bid is placed within the last five minutes (specified per auction) of the defined time period, a ‘lot extension’ kicks in and keeps the lot open for a further five (specified per auction) minutes.
This is to stop ‘sniping’ – a practice used by bidders to place bids in the last few seconds to prevent other bidders being able to respond before the auction closes.

Buyer's Premium: 10% + R2,500 Documentation Fee + VAT

VAT (YES / NO): Yes

Confirmation Period: 14 Days

PLEASE NOTE:
1. To avoid disappointment, please ensure you register for an auction at least 24 hours in advance.
2. Place bids timeously! Don’t wait for the last minute or seconds as we cannot be held liable for any delays and uptime on the system!
3. Starting bids and bidding increments are pre-determined by the auctioneer and can be reduced or changed during the auction.
4. Remember that at an auction it is up to you, the bidder, to satisfy yourself about the condition of an item. You are responsible to view the items on the specified viewing days and familiarise
yourself with the condition. Please check the relevant auction details for viewing times.
5. Make sure you are aware of any additional charges on top of the hammer price (i.e., the winning bid amount) such as buyer’s commission and VAT. In some cases, there are additional fees such as documentation fees etc.
6. Always read the auction Terms & Conditions before bidding.