Yes. Vat is not negotiable.

Finance is available onsite. Please contact the branch to arrange pre-approval.

The deposit is refundable if no purchases were made. EFT’s are refunded electronically within 7 days. Banking details need to be clearly furnished by bidders prior to leaving the premises on the registration form.

Registration and Admission charges are not refundable.

A Reserve Price is the minimum set price a seller has set for the auctioneer to sell the asset. Reserve prices are confidential unless advertised and not communicated to bidders as certain assets may be sold below the reserve.

Subject to Confirmation is when the seller reserves the right to withdraw their asset from the auction if the minimum reserve prices has not been met. In occasional instances, when the reserve price is not met, the seller is still given an option to sell the asset to the prospective bidder at a slightly lower amount.

Payment must be made before close of business on the day of the auction. The full amount can be paid by EFT, cash deposit into our bank account, cash deposits incur a 1% Charge. Please note we do not accept credit/debit cards or any cash on site. No assets will be released until full and final payment is confirmed by authorised personnel.

We do not accept cash on site. Cash can be deposited into our bank accounts, with the correct reference number provided. Cash deposits carry a deposit fee of 1% on your account.

You will lose your registration, admission and deposit fee. You maybe blacklisted from bidding or attending future auctions held.

Under no circumstances may any invoice be amended. It will be made according to the information provided on the buyers card/registration card.

All assets are sold as is & free of duty to repair. “Voets Stoots” applies for all assets sold.

Online bidding platform is www.bid2buy.co

A client/bidder grants Bid 2 Buy Auctioneers (Pty) Ltd permission to bid on their behalf with a preset limit bid.

Requirements for a proxy bid:

• Deposit to be paid.
• Registration fee to be paid.
• Written consent for Bid 2 Buy Auctioneers (Pty) Ltd to bid on your behalf up to a certain (maximum) amount will be required. This amount is confidential and will not be communicated to the auction floor prior to bidding. This amount excludes buyers commission, VAT and documentation fees.
• In the event of a company, a resolution signed and stamped by the company secretary by all authorised personnel granting Bid 2 Buy Auctioneers (Pty) Ltd or its agents permission to bid on their behalf.

Buyer’s commission is a percentage depending on the type of auction that is added additionally to the hammer price. This premium is payable by the purchaser buyer and is not negotiable.