Liquidation Online Auction

MINING - EARTHMOVING - VEHICLES - SPARES 

Opens on 27 August 2020 at 09:00 and closes Monday 31 August 2020 from 12:00

Viewing: BY APPOINTMENT ONLY  : Call Brian - 082 327 5391 to book an appointment to view. 27 - 28 Aug (09:00-15:00) 31 Aug (09:00-11:00)

Venue: Online Auction - Assets located at; Site 1: Myn St, Kathu // Site 2: Ian Flemming St, Kathu, Northern Cape.

NOTE: Lots 195 & 199 are situated in Middelburg. The successful buyer will collect from there.

IMPORTANT INFORMATION: (Due to COVID-19 Restrictions)
•You will be required to wear a face mask at all times.
• No face mask will lead to no entry to the premises.
• You will need to adhere to the screening and sanitising requirements at the auction site.
• No touching or entering vehicles. Vehicles will not be started. Photos & Videos will be available on the Online Catalogue.

REG FEE: R20 000-00 (REFUNDABLE DEPOSIT)

VAT: 15% VAT on the Online Bid Price ''hammer price''.

Admin Fee: R2,000.00 Inclusive of VAT per lots with NATIS Docs.

COMMISSION: 10% (TEN) plus VAT buyer's commission.

PAYMENT: EFT only. Strictly NO cash or cheques.

PLEASE NOTE THAT CERTAIN LOTS WILL BE SOLD SUBJECT TO CONFIRMATION (STC) BY THE SELLER REGARDLESS OF THE ONLINE BID PRICE.

Contact Person: Gerard Harding 064 758 2738

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE BIDDER PARTICIPATION FORM (DOCUMENTS TAB BELOW).
By signing the Bidder Participation Form, you the bidder/buyer consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.

Please ensure all your documentation with the proof of the refundable deposit is sent back for verification by close of business by 28th August to auction@tirhani.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.

In terms of section 55(1) of the CPA and as per clause 3.5 of Tirhani Auctioneers’ General Rules of Auction, goods/property are sold “voetstoots”, as is, where is in their present condition, with no express or implied guarantees or warranties regarding the condition and fitness of the goods/property for a particular use.  Buyers bid at their own risk and are advised to inspect the goods/property on offer prior to the commencement of the auction in accordance with sub-regulation 28(5) of the CPA.  Participation in the auction shall be taken as proof that the bidder has acquainted himself or herself with the condition of the goods/property. 

Reference to a vehicle as a “RUNNER”, and the act of starting a vehicle must not be construed as any warranty or guarantee, implied or otherwise.

The information provided in the Lot description are merely a guideline. Buyers must view and judge for themselves.

EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 3 (THREE) minutes of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding. Staggered Closing / Lot Closing Speed - 2 lots per minute (From 12:00 Monday 31st August + 3 min Auto-Extend).
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, Tirhani Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Tirhani Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.