Terms & Conditions:
Register online by sending REFUNDABLE DEPOSIT + FICA (ID & PROOF OF ADDRESS) to email@example.com.
REG FEE: R3000 EFT ONLY to be paid into Riley Auctioneers account.
NO CASH ONSITE STRICTLY EFT PAYMENTS
Buyers commission + VAT applicable. For details and to submit FICA documents contact firstname.lastname@example.org. It is compulsory that buyers submit FICA documents via email for registration. The rules of auction comply with Section 45 of the Consumer Protection Act, Act 68 of 2008. General auction rules apply as per act 68 0f 2008 of the CPA
NOTES: Bidders must adhere to FICA requirements on registration and each bidder has to comply with the below as part of their registration:
SA ID – copy and proof of address no older than 3 months. 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, nor Riley Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.