NPA Asset Forfeiture Online Auction

NPA Asset Forfeiture Online Auction

Staggered Closing / Lot Closing Speed - 1 lot per minute (From 11:00 + 2 min Auto-Extend).

Viewing: 10 & 11 May from 09:00 - 15:00

Viewing Venue (Online Only Auction): Plot 51 Baskoplaas, Dalmada, Polokwane.

Call Mpilo to arrange 082 327 5391

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE RULES OF AUCTION / BIDDER PARTICIPATION FORM (DOCUMENTS TAB).

By signing the Rules of Auction, you 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 is sent back for verification by close of business on Wednesday 11 May 2022 to auction@tirhani.co.za

IMPORTANT INFORMATION FOR VIEWING:
• You will be required to always wear a face mask. • No face mask will lead to no entry to the premises • You will need to adhere to the screening and sanitizing requirements at the auction site.

Registration fee: R10 000.00 - Please submit ID copy, proof of address (NOT older than 3 months) together with your completed Rules of Auction.

PURCHASE PRICE: The purchase price for items on offer for the online movable assets auction is constituted as follows: HIGHEST BID AMOUNT: The highest bid amount announced by the auctioneer and/or the online auction system at the completion of bidding on the assets either by the fall of the hammer, or by any other customary manner is the purchase price.
VALUE ADDED TAX (VAT): 15% VAT will be payable on the BID AMOUNT.
COMMISSION / BUYER’S PREMIUM: The purchaser shall pay commission / buyer’s premium at the rate of 10% plus VAT calculated on the HIGHEST BID AMOUNT, it being specifically recorded that the purchase price excludes commission / buyer’s premium.
ADMINISTRATION / DOCUMENT FEE: The purchaser shall pay administration / document fee at the rate of R1,000 plus VAT added to each lot purchased, it being specifically recorded that the purchase price excludes administration / document fee.
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.

GOODS/PROPERTY DESCRIPTION - Vehicles are sold according to year of first registration on Natis document and not year of manufacture year. The year of manufacture is unknown to Tirhani Auctioneers and no queries will be entertained regarding the year of manufacture.
ALL FICA DOCUMENTS PROVIDED TO TIRHANI AUCTIONEERS MUST ALSO BE PROVIDED WHEN COLLECTING YOUR VEHICLE. COLLECTIONS WILL BE STRICTLY BY APPOINTMENT ONLY, SUBJECT TO THE COVID-19 REQUIREMENTS IMPLEMENTED BY TIRHANI AUCTIONEERS.

NOTICE TO BIDDERS

1.THESE VEHICLES ARE SOLD “VOETSTOOTS”.

2.NEITHER THE SELLER NOR THE AUCTIONEER HAS ANY DUTY TO REPAIR.

3. NO VEHICLE MAY BE RETURNED AFTER THE PURCHASE IRRESPECTIVE OF THE CLAIM. THE ONLY RETURNS THAT WILL BE ENTERTAINED ARE WHERE THE YEAR LISTED IS IN FACT INCORRECT.

4. THE VEHICLE DESCRIPTION AS PROVIDED BY THE AUCTIONEER IS NOT CONCLUSIVE. IT IS THE BIDDER'S RESPONSIBILITY TO MAKE SURE THAT THE VEHICLE SPECIFICATIONS ARE CORRECT.

5. THE BIDDER MUST SET HIS/HER OWN PRICE BASED ON HIS/HER OWN ASSIGNED VALUE TO THIS VEHICLE.

6. ANY KNOWN FAULTS HAVE BEEN DISCLOSED; HOWEVER, IT IS THE BIDDER'S RESPONSIBILITY TO INSPECT THE VEHICLE AND ENSURE THAT THE ACTUAL CONDITION OF THE VEHICLE IS KNOWN. THE VIEWING DAY IS PROVIDED FOR THE BIDDERS TO GET ACCESS TO THE VEHICLES TO ASCERTAIN THE ACTUAL CONDITION.

IF YOU ARE NOT PREPARED TO ACCEPT THESE CONDITIONS, DO NOT BID ON THIS ONLINE AUCTION.

RUNNER: If the vehicle is sold as runner, it does not necessarily mean that it can be driven off the auction site. Our staff may have had to jump start the vehicle, and in some cases, bridge the ignition if no key is available. In these circumstances, it is the buyer’s responsibility to then bring the necessary equipment to start the vehicle so that it can be driven away.

NON-RUNNER: Vehicles sold as non-runners would have to be collected by the buyer with a Break-Down Recovery Vehicle.

Control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands. 

Bidding Increments: R500 (up to R10,000) - R1,000 (up to R40,000) - R1,500 (up to R80,000) - R2,000 (up to R100,000) - R2,500 (up to R250,000) - R3,500 (up to R500,000) - R5,000 (upwards).

This auction features EXTENDED BIDDING. Any lot with a bid within 2 (TWO) 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 - 1 lot per minute.

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.

FOR MORE INFORMATION