AUCTION SALE TERM AND CONDITIONS

1.    Subject to any reserve price, the highest bidder shall be the purchaser.
2.    In the event of a disputed bid the auctioneer shall be the sole arbitrator and his decision shall be final.
3.    The auctioneer may refuse to accept any bid which in his opinion is not in the best interest of the vendor.
4.    Where the vendor reserves the right to bid at the auction in respect of a lot and instructs the auctioneer to make more than 1 bid on his behalf, the auctioneer shall, prior to submitting the lot for sale by auction, announce in a clear and precise manner the number of bids reserved by the vendor in respect of that lot.
5.    A bidder shall be deemed to be a principal unless, prior to bidding he has given to the auctioneer a copy of a written authority to bid for or on behalf of a person.
6.   As soon as practicable after the fall of the hammer the purchaser shall sign the agreement (if any) for sale.
7.    The goods purchased become the responsibility of the purchaser on the fall of the hammer.

AUCTIONEERS AND AGENTS ACT, 1941 - WARNING
SECTION 45
It is an offence against the Auctioneers and Agents Act, 1941, for any person to engage in, or to induce or attempt to induce another person to engage in, any collusive practice which may hinder free and open competition at an auction sale, whether by -
a)   restricting the bidding
b)   abstaining from bidding; or
c)   any other activity which may hinder free and open competition.

SECTION 85c
The actual successful bidder at an auction sale must give to the auctioneer or an employee of the auctioneer on the day of the auction his name or, where he acts as an agent, the name of his principal. It is an offence not to do so.

PAYING FOR GOODS PURCHASED AT AUCTION
Payments can be make by -
a) Cash
b) Credit Card
c) Personal or Company Cheque - Prior arrangement with the Auctioneer must be made before bidding on any items.