If you are the highest bidder, the lot will be sold to you, unless another bidder out bids you. The 'System' will automatically bid against you at the set increment until reserve is met, at which point the system will stop. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. Buyers must view and judge for themselves.ĮXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 3 (THREE) minutes of its scheduled closing time will remain open for bids past its normal close it will go into extended bidding. Staggered Closing / Lot Closing Speed - 2 lots per minute (From 12:00 Monday 31st August + 3 min Auto-Extend). The information provided in the Lot description are merely a guideline. Reference to a vehicle as a “RUNNER”, and the act of starting a vehicle must not be construed as any warranty or guarantee, implied or otherwise. Participation in the auction shall be taken as proof that the bidder has acquainted himself or herself with the condition of the goods/property. Buyers bid at their own risk and are advised to inspect the goods/property on offer prior to the commencement of the auction in accordance with sub-regulation 28(5) of the CPA. In terms of section 55(1) of the CPA and as per clause 3.5 of Tirhani Auctioneers’ General Rules of Auction, goods/property are sold “voetstoots”, as is, where is in their present condition, with no express or implied guarantees or warranties regarding the condition and fitness of the goods/property for a particular use. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. Please ensure all your documentation with the proof of the refundable deposit is sent back for verification by close of business by 28th August to This auction is 'With Reserve'. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction. TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE BIDDER PARTICIPATION FORM (DOCUMENTS TAB BELOW).īy signing the Bidder Participation Form, you the bidder/buyer consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. PLEASE NOTE THAT CERTAIN LOTS WILL BE SOLD SUBJECT TO CONFIRMATION (STC) BY THE SELLER REGARDLESS OF THE ONLINE BID PRICE. VAT : 15% VAT on the Online Bid Price ''hammer price''.Īdmin Fee:R2,000.00 Inclusive of VAT per lots with NATIS Docs.ĬOMMISSION : 10% (TEN) plus VAT buyer's commission. ![]() Photos & Videos will be available on the Online Catalogue. You will need to adhere to the screening and sanitising requirements at the auction site.No face mask will lead to no entry to the premises.You will be required to wear a face mask at all times.IMPORTANT INFORMATION: (Due to COVID-19 Restrictions) The successful buyer will collect from there. NOTE: Lots 195 & 199 are situated in Middelburg. ![]() Venue: Online Auction - Assets located at Site 1: Myn St, Kathu // Site 2: Ian Flemming St, Kathu, Northern Cape. Viewing: BY APPOINTMENT ONLY : Call Brian - 0 to book an appointment to view.
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