Auction Terms & Conditions Terms & Conditions
Conditions of Sale
The highest bidder shall be the purchaser but in the event of any dispute arising between two or more bidders the ultimate purchaser may be determined by the Auctioneer, whose decision shall be final or he may put up the lot or lots again.
The Vendors shall have the right to bid either by the Auctioneer or their Agents for any lot offered.
The Auctioneer may, without giving reason, refuse to accept the bid of any person or persons, and may decline the offer for any lot or withdraw any lot or lots at any time.
Immediately after the fall of the hammer the buyer shall, if requested by the Auctioneer, pay a deposit of not less than 10 percent of the purchase price of the lot and any further deposits when requested.
The whole of the lots having been available for inspection, no allowances or refunds will be made nor will any buyer be permitted to reject any lot on the ground that it is not correctly described, the said lots are to be taken with all faults (if any) and will be at the buyer’s risk on fall of the hammer and thereafter the vendor and auctioneer will be free of all responsibility for safe guarding the goods and will not be liable for any loss of or responsibility to the goods whether such loss or damage is caused or contributed to by any act, neglect, or default of the Vendor, its servants, employees or agents. Motor vehicles are assessed by visual inspection only, no mechanical testing is undertaken and the vehicles are not started or driven for assessment purposes unless otherwise stated.
Any deficiency in the quality described shall not vitiate the sale but neither the Vendor nor the Auctioneers shall be accountable for any deficiency, damage or loss which arise thereafter.
In the event of non-compliance with any of the above Terms and Conditions, all monies paid by the Purchaser shall be absolutely forfeited and the goods purchased may be sold, either by Public Auction or Private Contract, without notification at the risk and expense of the former purchaser who shall be liable for any deficiency which may arise together with all costs and charges, but shall be entitled to any profit which may accrue from such resale.
The Auctioneer is selling as agent for the respective owners of all lots. The Auctioneer does not warrant the title to any lot and shall not be responsible for deficiency in any such title.
*A 15% Buyer’s Premium applies to all lots (G.S.T. Inclusive) excepting motor vehicles whereupon the following schedule applies; hammer price of $1-1000=20% $1001-3999 15% $4000 and above 8% Buyer’s premium. (G.S.T inclusive).*
TERMS Direct Deposit BSB: 067600 Account Number: 11010943 Cash & EFTPOS Credit Card (VISA & Mastercard only) Attracts 1.5% fee GOODS MUST BE PICKED UP AND PAID FOR WITHIN 2 WORKING DAYS OR A STORAGE FEE OF $12 A DAY MAY APPLY. Please ensure you make appropriate arrangements for collection as Tullochs staff are not responsible for loading or securing items.
ANY ITEMS LEFT UNPAID FOR BY TUESDAY FOLLOWING AUCTION CLOSE WILL AUTOMATICALLY HAVE BIDS CANCELLED AND BE RE-ENTERED INTO THE NEXT AUCTION.
Seller User Terms
Bidder User Terms