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AUCTION CATALOGUE
Viewing Dates: Monday 27 September – Wednesday 29 September between 9am & 4pm
179 Albert Road – Woodstock – Cape Town
Registrations CLOSE Thursday 30 September @ 12pm Refunds will be done from Monday 4th October
R10 000.00 (Ten Thousand Rand) refundable deposit payable by EFT ONLY
Printed proof of payments made by EFT & deposits will only be accepted by emails sent directly from your bank. No private emailed proofs or printed proofs will be accepted.
Balance of payment is strictly by EFT No receipts will be issued unless the payment reflects in Obiflex (Pty) Ltd Trust FNB Bank Account.
2. VAT VAT of 15% will be charged on all items. All bids exclude VAT, which will be added to the buyer’s invoice.
3. BUYER’S PREMIUM & DOC FEE A Buyer’s Premium of 12.5% (Excluding VAT) will be levied on all items purchased.
A Documentation Fee of R2000.00 ex vat will be charged for each vehicle purchased.
4. PAYMENT All purchases are to be paid in full strictly by EFT only.
NO CASH PAYMENTS ARE TO BE DONE TO OBIFLEX
5. STANDARD CONDITIONS OF SALE Please refer to our standard conditions of sale on your buyer’s card. Only one person per Bidder’s Card will be allowed entry.
6. DISPATCHING TIMES Clients will be invoiced on Thursday 30 September
Collection: STRICTLY Friday 1st October & Monday 4th October & Tuesday 5th October between 9am & 4pm
(Buyers to provide own transport of items purchased)
7. FICA REQUIREMENTS All bidders must provide the following FICA documentation upon registration at the auction.
Private / Personal Buyer: Original Identity Document or Passport. Original proof of address (an account not older than 3 months)
Business Buyer: Vat Registration Certificate / CK Document (Cipro Certificate – COR39) / Original ID of the Directors of the business / Original proof of address
8. GENERAL THE PURCHASER SHALL BE BOUND BY ALL ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE COMMENCEMENT
OF AND DURING THE SALE, REGARDLESS OF IF HE IS PRESENT AT THE TIME OF SUCH ANNOUNCEMENTS BEING MADE. ALL ITEMS ARE SOLD VOETSTOOTS. NO WARRANTIES OR GUARANTEES ARE GIVEN OR IMPLIED. HIGH
STREET ASSETS CAPE TOWN CANNOT BE HELD RESPONSIBLE FOR ANY ERRORS OF DESCRIPTION. HIGH STREET
ASSETS CAPE TOWN CANNOT BE RESPONSIBLE FOR INCOMPLETE OR NON-WORKING ITEMS. THE BUYERS ARE DEEMED TO HAVE MADE THEMSELVES ACQUAINTED WITH THE LOTS FOR WHICH THEY BID ON VIEWING DAY. THE
HIGHEST ACCEPTED BIDDER SHALL BE THE PURCHASER, IF ACCEPTED BY THE AUCTIONEER. THE AUCTIONEER HAS THE RIGHT TO REGULATE THE BIDDING. THE AUCTIONEERS DECISION IS FINAL. IN CASE OF AN UNSATISFIED
PRICE, THE AUCTIONEER HAS THE RIGHT TO WITHDRAW THE ARTICLE OR REFUSE TO SELL IT TO THE HIGHEST BIDDER WITHOUT GIVING ANY REASON. WE COMPLY WITH SECTION 45 (1-6) OF THE CONSUMER PROTECTION ACT
(NO 68 OF 2008) IN TERMS OF THE S45 OF THE CONSUMER PROTECTION ACT, HIGH STREET ASSETS CAPE TOWN
IS NOT LIABLE TO DISCHARGE DUTY OF REPAIR. THE RULES OF THE AUCTION ARE AVAILABLE WITHOUT CHARGE FROM 179 ALBERT ROAD, WOODSTOCK, CAPE TOWN DURING NORMAL BUSINESS HOURS. PLEASE NOTE: A VALID
SABC TV LICENCE MUST BE PRESENTED BEFORE ANY TV MAY BE REMOVED FROM THE PREMISES. THERE WILL BE NO SPLITTING OF LOTS OR TRANSFERRING OF LOTS BETWEEN BUYERS. ONLY BUYERS WHO HAVE REGISTERED
ARE ALLOWED TO BID, NO SHARING OF CARDS IS ALLOWED AT THE AUCTION.
RIGHT OF ADMISSION IS STRICTLY RESERVED
Bidder Number:
(office use only)
Obiflex (Pty) Ltd t/a High Street Assets Cape Town Registration Form
Auction Date:………………………………………………………………………………………..…. ID/Passport Number:…………………………………………………………...…………………. First Name:………………………………………………………………………...……...…………….
………………………………...………………………………………………………………………………. Deposit R……………………………………………………………. Method:………………….… I, the undersigned acknowledge that it is my responsibility to understand, read and acquaint myself with the Conditions of Sale incorporating the Rules of Auction. I have read and understood the Rules of Auction and have no objection to the rules of auction not being read out at the auction to be valid. Notwithstanding the fact that the Auctioneer has not read out every clause of the contract, I will legally comply myself with all the obligations, including immediate signing of the Conditions of Sale and Rules of Auction on the fall of the hammer.
You will receive a successfully registered message, where you will be approved once all your
documents and proof of payment have been received.
1. Once you have been approved by The High Street Auction Co, you will be notified that you can begin to bid.
number.
2. Once bidding opens, all registered bidders are free to place bids on their chosen lots. Bidding takes place on the specific lot which includes the description and photo.
3. Once you place a bid, you must confirm the bid before it is registered as an online bid. The online platform is fully transparent. All bids are recorded in real time. Please note your privacy will not be jeopardized as bidders will be presented by a
4. We have a maximum bid facility that can be set to automatically bid for you until a maximum amount. Your Maximum Bid can't be viewed publicly, so only you will know how high you're willing to go.
5. Once the bidding is closed, we will contact you to either refund your deposit if you were an under bidder or assist you further if you were the highest bidder.
Ÿ You tell us your absolute maximum price by entering the figure in the 'maxbid' box on the lot page and click 'place bid'. Be sure to read the terms and click the 'Confirm' button when it appears to ensure your bid is placed.
Ÿ Our technology will place your bids at the next available increment to keep you in the lead, but only up to your max price and never any further. If another bidder has a maxbid higher than yours, this would also cause the bid to jump up to your maxbid.
Ÿ However, we'll notify you via the App (or you can request that an email be sent to you, in case you are not logged into the App) so you can increase your maxbid if you wish.
Ÿ If the bidding passes your maximum amount, then you may miss out on winning the item.
Ÿ If you are interested in a Lot, you can click on the STAR button and only these lots will appear in your My Items List. This makes it easy for you to track only the lots you are bidding on.
Ÿ If you are battling to connect, and you are not in a WiFi accessible area, turn OFF your WiFi and use your data to connect. Always exit the App and Re-Open after a connection issue.
Ÿ At High Street Assets Cape Town our online auctions have a SOFT CLOSE to prevent individuals from entering a bid at the very last second before a LOT closes, with the intent to prevent others from bidding higher. The first 25 Lots will begin to close at the scheduled end time of the online auction, 2 minutes later, the following 25 lots will close and 2 minutes later the following 25, and this pattern will continue through all the lots.
Ÿ Any bids on any lot within the last minute will extend the closing time by 5 minutes.
Ÿ The lot is officially closed when the "SOLD" notice appears on the lot number. The lot end times may vary from auction to auction.
Ÿ The lot will not close until bidding is static for 5 minutes.
MAXBIDS
ONLINE BIDDING - WHAT TO KNOW
HIGH STREET
Should you experience any registration issues please contact us: [email protected] or 021 569 0660