ASSET & MOVEABLES AUCTION
HOW DOES THE AUCTION WORK?
African Wildlife Auctions shall have the right to, regulate and control the auction.
Each item is sold at the auction as a lot/individual item.
African Wildlife Auctions host the auction in order to assist you through:
Hosting the auction for the day.
Management and preparation of all marketing material and advertising media.
All administration in regards to the buyers, sellers and legal requirements of the auction.
Maximum of 7.5% commission on sales value for the sellers account.
The buyer will pay the Auctioneer a premium of 8.5% Including VAT, on the “Hammer Price”. The premium is not negotiable and is payable by all purchases.
All goods on auction are required to be on premises at the latest on the afternoon (12h00) 3 days prior to the auction in order to allow for printing and preparing of catalogues.
All transport cost to and from the auction are for the account of the seller or buyer.
There will be R2000.00, Inclusive VAT, vehicle paper processing fee charged per vehicle.
R5000-00 (Five Thousand Rands) Bank Guaranteed Cheque, Card or EFT is payable upon registration as a buyer.
Kindly note the following FICA documents are required on registration: NB VALID TV LISENCE WHEN PURCHASING ANY TV UNIT.
If purchasing in your personal capacity, a copy of ID and recent (not older than 3 months) proof of residence is required
If purchasing in your company name a copy of company registration form CM1 or CK1, CM46, CM9, a utility bill & CM29 or Resolution from company authorising representative to bid is required.
If purchasing where the person is not a RSA citizen, a copy of passport and proof of residence if living in RSA is required.