Buying at Auction

BUYERS CONDITION OF SALE (These conditions apply to onsite bidders and absentee bidders also)

THE HIGHEST BIDDER is to be the purchaser. Should any dispute arise as to the bidding, the auctioneer has the right to declare the purchaser or, if both parties are in agreement, the lot in dispute, is to be immediately put up for sale again at the earliest convenience.

NO PERSON shall advance a lesser bid than a sum to be nominated by the auctioneer and no bid shall be retracted.

RESERVES If an item does not reach its reserve it will be sold subject to the highest bidder with the consent of the seller and if not sold it will be offered to the under bidder or put up for sale again on the open market.

ON THE FALL OF THE HAMMER all lots shall be at the risk of the purchaser who shall pay for & remove within the time frame stated by the auctioneer. If for any reason the purchaser fails to complete his purchase as aforesaid, the auctioneer reserves the right to resell the lot & any net increase in price shall be the property of the vendor.

THE PURCHASER SHALL be called upon to make up any loss or deficiency of any such resale together with all expenses attached to such a sale.

ALL LOTS ARE SOLD AS SHOWN & with all faults, imperfections & errors. The auctioneer act as a agent, they have the full discretion to refuse any bidding or to withdraw any lots for sale, without in either case giving any reason, neither they nor the vendor are responsible for errors of description or for authenticity of any lot or fault or defect in it, and do not give any warranty whatsoever.

THE LOTS ARE AT THE BUYERS RISK from the fall of the hammer & are to be taken away at the buyer’s expense, in default of which the auctioneer will not hold themselves responsible, if the same are lost, stolen, damaged or otherwise destroyed, they will be left at the sole risk of the purchaser. If the lots are not cleared or paid for, they may then be sold immediately either publicly or by private treaty, without any notice been given to the defaulter.

BUYER’S PREMIUM the buyer shall pay to Wakefield Auctions Greytown 15% on the hammer price plus G.S.T. at the standard rate on the premium only. This may differ on some items in an auction such as motor vehicles & heavy machinery and shall be noted in the catalogue or by the auctioneer.

If anybody is unsure of the above conditions please enquire at the auctioneer’s office Wakefield Auctions Greytown, or Contact Us.

Click here to download a PDF version of the Buyer Conditions

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