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All Assets going on Auction can be viewed the day before the Auction from 08:00am until 17:00pm.
What you can expect Auction day:
You have to Register for the auction to participate in the Auction.
Registrations can be done on viewing day or from 08:00am on Auction Day.
R10 000 registration deposit is required to register for the Auction. If nothing is purchased on the Auction the registration deposit is fully refundable.
Once a buyer is registered you will receive a buyer’s guide indicating the lot numbers for the assets with full descriptions.
Just before the Auction starts the Auctioneer will read out the Terms of the Auction
The lot will be rewarded to the highest bidder.
The buyer will be liable to make payment for the amount the hammer falls on plus 10% Buyers Commission and 15% VAT.
Payment needs to be made within 24 Hours once the buyers payment reflects in DRC Asset’s bank account the purchased items can be collected.
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