Please read these rules before registering for an auction or placing a bid. By taking part in an auction, you accept the auction terms, payment requirements, registration checks, and collection obligations that apply to the specific sale.
Registration and approval
Only registered and approved bidders may place bids. Bidder accounts and bidder numbers are not transferable. If you bid for a company, trust, dealer, or another person, you must have proper authority to do so.
Bid and Buy Auctions may request identity, address, company, mandate, or compliance documents before allowing participation. Registration can be declined, paused, or reviewed where information is incomplete or risk checks are not satisfied.
Before you bid
You are responsible for reviewing the lot information before placing a bid. This includes the description, images, condition notes, documents, reserve information, collection terms, and any auction-specific conditions.
Catalogue details are provided in good faith, but buyers must satisfy themselves before bidding. Where viewing or inspection is available, bidders should use that opportunity before placing a bid.
Bidding
A submitted bid is binding. Online bids are treated with the same seriousness as bids placed in a physical auction environment.
Bid rigging, collusion, false bidding, interference with the auction process, or any attempt to manipulate bidding is not allowed. Such conduct may result in removal from the platform and further action.
Reserve prices and winning bids
Some lots may have a reserve price. If the reserve is not met, the highest bid may not automatically result in a sale. Where a lot is sold subject to confirmation, the seller or auctioneer may need to approve the final result.
Sold as-is
Unless the auction terms say otherwise, lots are sold voetstoots/as-is and where-is. No warranty is implied unless expressly stated for a specific lot or auction.
Payment and fees
Winning buyers must pay within the period stated for the auction. Payment must clear before any asset is released.
Additional charges may apply where stated, including buyer premiums, VAT, administration fees, document fees, storage fees, or handling fees.
Collection and release
Assets will only be released once payment has cleared and all required compliance documents have been supplied. Collection must happen within the stated collection period. Late collection may result in storage or administration charges.
Compliance
Buyers must comply with applicable South African law, including FICA and identity verification requirements where relevant. Bid and Buy Auctions may pause release, cancel a transaction, or request additional information where legal, risk, payment, or compliance issues arise.
Auction changes
Auction dates, lot details, fees, rules, and collection arrangements may change where necessary. The terms published for a specific auction take preference over this general guidance.