General Terms and Conditions of Sale – these may vary, check the terms of each auction
ONLINE BIDDING REGISTRATION – To bid online bidders are required to supply the following details: full name, verified email address, phone number and residential address
TIMING – The Auctioneer auctions approximately 80 to 100 Lots per hour for live In-House Auctions. Timed Auctions close 1 per minute, with a 1 minute extension per lot for any bids placed in the last 120 seconds.
FLOOR BIDDERS – Ensure that you have registered and obtained a BIDDERS NUMBER before bidding on the Lot you wish to purchase. – Be aware that a Buyers Premium of 15% plus GST (on premium only) is payable by all Buyers in addition to the Hammer Price. – Make your Bids clear, preferably by holding up your Bidders Number Card. – If you make a mistake, e.g. the Auctioneer takes a Bid from you at a higher level than you had intended, or you realise that you have bid on the wrong Lot, call out to the Auctioneer immediately so that the bidding can be adjusted. Waiting until after the hammer falls is leaving it too late. – If your Bid is the highest and the Lot is knocked down to you then you have entered a binding obligation to pay for that Lot.
SALES SUBJECT TO VENDORS CONSENT – Where your Bid is the highest, but still below the reserve, the Auctioneer may declare you to be the “buyer subject to vendors consent” – This means that your Bid is held as binding and will be communicated to the vendor at the earliest opportunity. If the vendor accepts then there is a contractual obligation for you to pay for the Lot. If the vendor does not accept, you are released from any obligation, however you will have first right to negotiate with the vendor (through McElwains Auctions) until an agreement is reached.
ABSENTEE BIDS – This service is carried out free of charge. We will endeavour to ensure that your Bidding instruction is executed but accept no responsibility or liability for failure to do so. – Lots will be bought as favourably as is allowed by Bidding in the sale room and any reserve imposed* – If your Bid limit is equal to or above a reserve, the auctioneer may open the bidding at reserve on your behalf and will bid thereafter only in response to competition for the Lot. – If your Bid limit is below a reserve, the Auctioneer may open the Bidding at your limit and if there are no further bids may sell to you “subject to vendors consent” – In the absence of a reserve the auctioneer may exercise your bid in advancement of any opening bid or may open the bidding on your behalf at the auctioneer’s estimate, at the auctioneer’s sole discretion. – To maximise your chances of success, we recommend that you leave an instruction to make one additional bid beyond your nominal limit, just in case the auctioneer takes a bid equal to your limit from another bidder. • Please note: McElwains Auctions cannot guarantee that another Bidder will not be successful at your limit if, in the course of competitive bidding, someone else bids your limit first.
ALL BIDDERS SHOULD NOTE THAT – Goods are sold as is with all faults and it is up to the bidder to inspect them prior to bidding. By bidding you will be deemed to be satisfied with the goods in ALL respects. – Title for the goods will not pass to the purchaser until paid for in full & all monies cleared.
PAYMENT – Must be made within 3 Days for all Lots purchased – In cash, EFTPOS, electronic transfer – Credit card payments incur a 3% additional fee – Penalties will be imposed for late payment
We hope that you will enjoy the sale and will have success with your Bids. If you have any queries about the above, please ask a staff member or use the contact us form if online and we will be happy to clarify them for you.