Everything you need to know for your first auction

We realize that to some people an auction might be a daunting experience and that not everybody
is a seasoned auction buyer. Not to worry - our East London auction staff are on hand to help you.

First off, get there early!

Familiarise yourself with all the lots at the auction before deciding what you are interested in. Often, there is more than one lot available. Make sure that you have a good look at what you are buying. Please be sure to read all the terms and conditions of sale on your registration card.

 

The auctioneer will also read these out before the start of the auction. When buying fixed property, always be sure to discuss the property with one of our agents and get a copy of our conditions of sale that will give you all the insight necessary to make an effective buying decision. Be sure to understand the deposit and terms of payment for each auction you attend.

Our auctions always make use of a supporting grounds man. A grounds man’s job is to assist you, the auction attendee in understanding where the current bid is, and what the next bid should be. By working one-on-one with buyers on the ground, we offer immediate support giving you the buyer peace of mind. Don’t be shy by waiting for the last opportunity to bid, you might lose out. Make sure the auctioneer or a grounds man see you and acknowledges your bid.

Once knocked down to you, items cannot be cancelled. When there are multiples of the same items( Lots), they are bid on and purchased per item.

No purchases can be removed during the auction. No sales are subject to you, the buyer, getting finance; you must have the money available.

Only bid for yourself. Bidding prices from time to time do not include VAT. Please be sure to read the conditions of sale. Whether a fixed property, or a moveable asset, there are a number of conditions under which you bid.

Payments

You can pay for your purchasers at any time during a movables auction. However, property auctions require an immediate deposit and further payment terms will be set out in the conditions of sale.

In order to confirm that you have not bought anything that has not been tracked, our admin team at the registration office will usually ask you to wait a few minutes to confirm with the latest vendue roll sheets that are sent to them as the auction plays out from the Mart floor.


The registration office will give you the amount you have purchased for and then you need to pay either by Bank guaranteed cheque, EFT or cash. Note that we do have card facilities available.

Collection

A paid invoice and receipt are required to collect your items.

 

Bring your paid invoice with you and hand it to one of our staff who will assist you.

Please bring your own labour to load your trucks.

Remember that once knocked down to you, legally an item lies there at your risk. Make sure that you have appropriate insurance if necessary and that you effect payment and collection as soon as possible.

If you need to find out more about how our Auctions work, don’t hesitate to contact our East London auctioneers. Happy Hunting

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