Timed Online Public Auction

13 October 2021 @ 9:00am

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Opening 9am 13 October until 3pm 15 October 2021

Shipping Containers, Modular Homes
Online Only Registration closes 12 October 2021 at 3pm
Viewing days 5 to 6 October from 9am – 3pm,
(by appointment only, please book two days prior for permits) at Medupi Power Station Project, Steenbokpan Road, LEPHALALE, LIMPOPO

Terms & Conditions:
REFUNDABLE DEPOSIT R10 000 + FICA (ID & PROOF OF ADDRESS)
Buyers fees applicable. It is compulsory that buyers submit FICA documents via email. The rules of auction comply with Section 45 of the Consumer Protection Act, Act 68 of 2008. Please ensure all your documentation is sent back for verification to admin@rileyauctions.co.za
NOTES: RESERVE: This auction is ‘With Reserve’. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction. Please note that if you are the successful bidder on more than one lot, you will be invoiced for all your successful bids. You cannot choose or select which lots you will take!
Collection and Releasing: 20 – 22 Oct (by appointment only, please book two days prior for permits)
SABELO: 074 080 9107 for catalogues and viewing
DANIEL (Kaefer): 076 787 4382 for viewing

CONDITIONS OF SALE

AUCTION & REGISTRATION STRICTLY ONLINE ONLY
Buyer’s Commission: 10% plus VAT.

Bidders must adhere to FICA requirements on registration. No cash will be accepted for the auction. No physical attendance onsite except for viewing or collection as per advertised dates.

Bidders must familiarise with all terms and conditions of sale attached as the finer details of all disclaimers are there – including any encroachments if applicable.

NOTES: This auction is ‘With Reserve’. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction.

Please note that if you are the successful bidder on more than one lot, you will be invoiced for all your successful bids. You cannot choose or select which lots you will take!

MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. The ‘System’ will automatically bid against you at the set increment until reserve is met, at which point the system will stop. If you are the highest bidder, the lot will be sold to you, unless another bidder out bids you.

TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet or any other online auction-related technologies, Riley Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, KAEFER, nor Riley  Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason