1. BUYER'S PREMIUM
A Buyer's Premium applies to all our auctions. Please familiarise yourself with the applicable percentage for each and every auction.
2. PUBLIC LIABILITY
Persons attending the auction site, during, before and after the auction do so solely at their own risk. The Auctioneer, his or her agents, employees or principals shall not in any way be liable for any injury sustained to any persons or for any damage to or loss of property howsoever caused. All persons attending the auction site under the age of 16 years are required to be in the care of and under supervision of an adult.
Prior to bidding the Purchaser must complete a bidders registration form and provide his or her full name, residential address and photo identification.
A buyer shall be deemed to purchase as a principal unless at the time of sale or at the time of completing the bidders registration form the buyer:
(i) discloses to the auctioneer that he will be bidding on behalf of a principal and shall supply the full name and address of that principal:
And (ii) gives to the auctioneer or alternatively a representative of “Australian Equipment Auctions” a copy of a written authority to bid for and on behalf of that principal.
And (iii) in any case gives warranty for the authority claimed by the buyer.
4. HIGHEST BIDDER DEEMED TO BE THE BUYER
Subject to any reserve price, the highest bidder for each lot shall be the buyer. Subject to condition 4 below the entry of the buyers name in the record or book kept the auctioneer or his or her clerk shall be binding upon the buyer and such record or book, together with these conditions, shall constitute the whole of the contract between the auctioneer and the buyer and as between the buyer and the seller.
If a dispute arises as to any bid, the auctioneer shall at his or her discretion, either determine the dispute immediately or resume the bidding at the undisputed bid. In either case the dispute must occur before the next lot is offered for bids.
6. RIGHTS OF AUCTIONEERS AND SELLERS
The Auctioneer and the seller reserve the following rights which may be exercised by the Auctioneer at his absolute discretion; and without giving reasons:
(i) not to offer for sale any lot or part of any lot described in the catalogue.
(ii) to offer two or more of the lots described in the catalogue as separate lots for sale together as one lot.
(iii) should such lots referred to in (ii) not be sold to a successful bidder, to offer such lots as separate lots.
(iv) to withdraw any lots from sale.
(v) to refuse to accept a bid or bids from any person or persons.
(vi) to refuse admission to or eject from the auction site any person or persons.
(vii) to refuse to accept any bid for a lot being less than a sum nominated from time to time by the auctioneer:
(viii) to keep secret the existence and amount of any reserve price of a lot prior to the close of bidding or withdrawal from sale of that lot.
(viiii) in the event that any buyer shall successfully bid for more than one lot at the auction (1) to appropriate any monies received from that buyer in satisfaction or partial satisfaction of the purchase price due in respect of any one or more of such lots to the total or partial exclusion of amounts due in respect of any such lots or lots as the auctioneer shall see fit: and (2) to elect at any time to treat each contract for the sale of each lot as interdependent with each other and default under any such contract shall be default under all such contracts;
(x) to bid on behalf of any prospective buyer with or without disclosure;
(xi) in the event that any lot is not sold at the auction to offer to sell the same immediately after the auction by private sale but otherwise subject to these conditions: and
(xii) to permit the seller to make one or more bids for any lot.
The Auctioneer may require and the buyer shall pay to the Auctioneer or his clerk, by cash or bank cheque, a deposit of (20%) of the purchase price for the lot purchased. If a buyer fails to pay the deposit the auctioneer may put the lot up for bidding and resale and the defaulting buyers bid shall not be taken again at the resale.
8. MISDESCRIPTION AND FAULTS
Bidders must satisfy themselves by inspection or otherwise as to the nature and authenticity of a lot and accept the same with all faults whether hidden or obvious.
The buyer acknowledges that the auctioneer is acting as the authorized agent of the seller & any rights of action he/she may have in respect of the said lots and the lots purchased by him/her lie against the seller not the auctioneer.
A sale will be deemed valid and enforceable notwithstanding any fault or defect in a lot and the buyer remains bound to take delivery without any allowance or reduction in the purchase price.
A sale will be deemed valid and enforceable notwithstanding an error or misdescription in the catalogue or elsewhere as to the quantity, measurements, specifications or quality of a lot and the buyer remains bound to take delivery without any allowance or reduction in the purchase price. The auctioneer and the seller make no warranties either expressed or implied, other than those implied by law.
No warranty, either expressed or implied, is given by any verbal affirmation made by the Auctioneer.
The Auctioneer or seller is not liable to pay compensation to a buyer for any fault or defect in a lot or for any error or misdescription or for any missing part or quantity.
9. BUYERS ACCEPTS RISKS OF EACH LOT
Each lot is at the buyers risk. The auctioneer and the seller shall not be accountable for any deficiency, damage or loss which may occur thereafter.
10. REMOVAL AND RELOCATION OF LOTS
At the buyers own cost, the buyer shall remove the lot within the time frame specified by the auctioneer or by no later than 4pm on the next business day following the sale whichever is the earlier.
The buyer shall not remove a lot during an auction.
The buyer is fully responsible for the expense and risk of the removal of a lot and for any damage to property or injury to persons caused by themselves, their agents or employees which occurs during the removal of a lot.
Any part of a lot which a buyer does not remove within the time frame specified may thereafter be removed by some person, firm or company engaged by the auctioneer and stored at the auction site elsewhere, at the discretion of the auctioneer. Such removal and storage shall be deemed to be made at the request of the buyer and all costs incurred by the auctioneer shall be recoverable by the auctioneer and the seller as a debt due and payable by the buyer.
The disconnection of any gas or electrical services from any piece of Plant & Equipment carried out during the removal of a lot must be performed by a competent and qualified tradesperson.
11. PAYMENT ARRANGEMENTS
Prior to the end of the auction or at any time thereafter specified by the Auctioneer, the buyers shall pay to the Auctioneer the full purchase price for the lot including any applicable Goods & Services Tax (GST), any other government tax and any buyers premium.
The purchase price and any part thereof, shall be paid by cash, EFT or by bank cheque.
Any balance of the purchase price shall be paid by the buyer to the auctioneer within the time period required in these conditions to take delivery of the lot and the buyer shall not be entitled to require the delivery of the lot until the purchase price has been paid in full.
The auctioneer and the seller reserve the right to restrict access to the lot prior to the lot being paid in full.
Items Are Pick Up Oly
Australian Equipment Auctions Does Not Offer Delivery On These Items