RULES OF AUCTION & CONDITIONS OF SALE [BUYER]
1. The sale is subject to payment of value added tax unless otherwise specified by the Auctioneer.
2. The right of admission is reserved.
3. The auctioneer shall at any time have the right to stop the auction, to withdraw a lot, or lots or part of a lot with written permission from the Seller.
4. The buyer shall be the highest bidder. Should any dispute arise between Two (2) or more bidders, the lot or lots shall be put up again and re-sold or the Auctioneer may declare the buyer.
5. Commission payable by the buyer is levied at 15% exclusive of VAT.
6. The Seller, shall have the right if necessary to stop the Auction or to withdraw any lot or lots if satisfactory prices are not obtained, or to sell any lot or lots provisionally, subject to confirmation
7. Payment shall be accepted by the Auctioneer per electronic funds transfer. The Auctioneer reserves the right to demand payment from the Buyer once the bid has been knocked down to him.
8. Goods are sold "voetstoots" - "as is". Buyers are advised to inspect the lot/s properly prior to the commencement of the sale.
9. Alf Duncan & Associates shall not be held responsible for any errors in description, and no refunds or returns for same will be entertained.
10. All vehicles are sold "voetstoots" - "as is". Unless the contrary is displayed or announced by the auctioneer, lots on sale are by voluntary surrender by their respective owners. *** The buyer agrees that he/she has acquainted themselves with the condition of the vehicle(s) prior to sale and understands these vehicle(s) may need repair in order to be in a safe working condition. The buyer acknowledges that neither the seller of the vehicle(s) nor any Alf Duncan & Associates representative give any warranties or guarantees, or made any representations with regard to the condition or state of any vehicle sold. All vehicle descriptions given by Alf Duncan & Associates are a close representation only. Alf Duncan & Associates shall not be held liable for errors in description, and no refunds or returns for same will be entertained. The responsibility to verify the exact derivative of each vehicle lies with the buyer.
11. As soon as a lot has been knocked down, ownership and risk shall pass to the Buyer.
12. No lots purchased may be removed until the close of the sale. The release of any lots purchased will only be given upon presentation of the Auctioneer's invoice.
13. Items to be removed within 72 hours of close of auction. Goods may be collected by appointment only. Deliveries may also be arranged, costs of which are for the buyer's account.
14. Buyers are not allowed to enter into any transactions on the premises for the re-sale of any goods purchased at the sale.
15. The Buyer shall be responsible to pay storage costs, for any goods not removed within the specified period, at a tariff as specified by the Seller.
16. If the Buyer fails to take possession of the goods within the time specified herein, the Seller has the right to with reasonable notice, confiscate and dispose of the goods to defray any costs.
17. The Buyer, his representatives, workmen, their vehicles and equipment are permitted on the premises at their own risk.
18. No Buyer or his representative will be permitted to remain on the premises, other than the times stipulated by the Seller.
19. Alf Duncan & Associates are prepared to execute bids on behalf of Purchasers if instructed to do so.
20. Bank exchange will be levied on all debit/credit card transactions.
21. R 2000.00 refundable deposit payable on registration
22. Anti-Sniping: Should a counter bid be entered in the last minute of a lot closing, the lot is extended by 2 minutes after each bid.