TERMS AND CONDITONS OF SALE

  • The bidder must register to participate in the auction, any bid made without proper registration will be invalid.
  • All bids will attract a 10% buyers commission fee. VAT is generally not applicable to second hand goods, therefore no VAT will be charged unless otherwise specified.
  • Every bid shall constitute an offer to purchase. (Either by clicking the bidding button, or any other form of bidding)
  • The highest bidder accepted by the auctioneer shall be the purchaser, if NO RESERVE or SUBJECT TO CONFIRMATION is applicable.
  • All sales are done in one of the following manners:
    • NO RESERVE - “no reserve” means that there is no established minimum price for the item being auctioned. This means that no matter what the winning bid, the owner must sell it for that amount; or
    • RESERVE – “Reserve” means a minimum price that has to be attained for the bid to be accepted. In compliance with the NCPA and the regulations thereto, vendor bidding is permitted at the auction, and the seller, auctioneer or a vendor bidder representing the seller or the auctioneer may bid up to an amount and not exceeding the reserve price. If no bid equals or exceeds the reserve price the goods may be withdrawn from the auction.
    • SUBJECT TO CONFIRMATION – “STC” means that the owner has to accept or reject the bid after finalization of the auction the seller has two business days to accept or reject the offer. No bid may be withdrawn after the fall of the hammer until the expiry of the confirmation period. During this time the offer shall be open for acceptance by the seller and if the offer is accepted, the sale shall be deemed to be a sale by auction.
  • All items are sold “voetstoots”. No representations or warranties are made by the auctioneer or the seller. The purchaser shall be deemed to have, thoroughly examined the items and have accepted the condition and state thereof. Deals 4 Africa shall not be liable for any errors in description of any items.
  • The auctioneer shall have the right to control, regulate and record the auction. The recording of the auction shall be prima facie evidence of the auction proceedings, both the bidders’ record and the vendor roll are available for inspection during normal business hours free of charge after the auction has been concluded.
  • The auctioneer may accept or reject bids in his sole discretion without providing reasons. This would include rejecting an offer previously accepted by the auctioneer. In the event of a dispute between bidders, the auctioneer will have the discretion to put the lot up for auction, again and his decision shall be final and binding. The auctioneer may, without penalty or prior notice, withdraw any item on auction at any time before the sale thereof or during the auction. The auctioneer will reserve the right to extend bidding time, should last minute bidding wars occur.
  • No “ringing” / “collision between buyers” shall be permitted and if the auctioneer suspects that the bidders are involved in such activity, he shall be entitled to suspend or terminate the auction or to prohibit those bidders suspected of such activity from making any further bids. In this context ringing/collision between buyers, is defined as a group of buyers at an auction who collude not to bid against one another in order to keep the auction price low.
  • The auctioneer is entitled to correct any bona fide error in the conduct or conclusion of any sale or arising from any incorrect information to the items for sale. In the event that the error is capable of not being corrected, then the auction shall be deemed not having taken place and no party at the auction will have any claims against the auctioneer or the seller arising from the cancellation of the auction.
  • A sale by auction is complete when the auctioneer announces its completion by the fall of the hammer, or any other customary manner.
  • Deals 4 Africa reserves the right to activate bidding extension ("sniper protectiom"), in oreder to give all buyers fair bidding chance.
  • Risk on each item passes on to the purchaser on the fall of the hammer of a successful bid once a particular lot closes, even though upliftment / delivery has not yet taken place. The purchaser shall bear the risk of items remaining at Deals 4 Africa’s premises, in particular for any shortages or damage which may occur.
  • Payment of good purchased on auction.
    • LIVE AUCTION – Full invoice amount must be paid to Deals 4 Africa during or directly after the conclusion of the auction, by method of cash, card or instant eft.
    • ONLINE AUCTION – Full invoice amount must be paid to Deals 4 Africa no later than 24hours after the conclusion of the auction, by method of payfast or instant eft
  • The purchaser shall remove his purchases no later than 14 days after the conclusion of the auction, and only after full clearance of his payment as set out in the invoice has been effected. After 14 days, a storage charge of R30 per day will be charged. Goods not collected within 30 days, will be resold to cover storage cost. 
  • The purchaser regards these terms and conditions as binding, as specified during the announcements irrespective of whether he/she is present at the time such announcements are made. Special terms and conditions relating to each auction and to any of the lots may be announced prior to the commencement of the auction or during the auction. By registering for this auction you have agreed to our terms and conditions
Related Searches: terms, conditions
Related Pages:
Terms & Conditions