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Buying at Auction

How? 

1) register online 

2) bid online..

(a) if you bid on a Lot, in the AUCTION catalogue, your bid will be registered for the next weekly Tuesday auction, OR
(b) if you bid on a Lot, at the published reserve, in the BUY NOW catalogue, it will be added to your CART, where payment is required, OR
(c) if you bid on a Lot, below the published reserve, in the BUY NOW catalogue, your bid will be registered for the next weekly Tuesday auction (if it remains unsold)


Catalogues:

Tuesday Auction

Lot(s) submitted for sale with Auction Xchange are entered into our Weekly Auction, that takes place at 6.30pm every Tuesday. You can bid on & purchase items by attending the live auction at our premises or alternatively by placing your 'best bid' online.

Buy Now at AMV €

These Lot(s) have previously run through an auction and are now available to 'Buy Now' at the published Advised Minimum Value (AMV). Lot(s) can be purchased at our Auction Showroom during business hours or via online bids at any time.

Buy Now - Option Sales: when an Lot(s) (of which there are multiple) is auctioned, the winning bidder has the option to purchase as many of these items as he wishes, at the winning bid price. Any balance of Lot(s) remaining, are then available to underbidders at that winning bid price, i.e. the AMV.

Buy Now - Any Offer Considered: There may be a 'reserve' price set by the seller on an Lot(s). If the submitted bid does not reach the Lot(s) reserve price, but is within a reasonable region, Auction Xchange may accept a "provisional sale". A member of staff will contact the seller to ask if they will accept the bid, or try to negotiate a price in between. If successful, an Auction Xchange will make contact with the bidder to facilitate a transaction.

Tender Sales

These items are often available for inspection 'off-site' by appointment. If you wish to schedule a viewing or obtain further information on these items, please call us on 01-2930020 during business hours. Otherwise place a bid and and if of a relevant value Auction Xchange will make contact with the seller and revert. Bids that match buyers and sellers requirements are transacted.

Buying at Auction Xchange, Video Guide:



1. View Lot(s) Thoroughly

Lots are available for viewing & inspection onsite during Auction Xchange's standard business hours.

Catalogues (listings of items being offered for sale and their Lot Numbers) can be purchased at reception or printed directly from the website. Make sure to note the Lot Number of the item(s) you intend bidding on.

Lots may carry an Advised Minimum Value (AMV). These are minimum value, guide estimates and are not binding or intended as a price list.

All auction sales are final and  Lots are sold “as seen" 'Caveat Emptor' (buyer beware) with no guarantees or warranties. There are no refunds, returns or exchanges on any Lot(s).

Please NOTE: this is a Public Auction and NOT a consumer or retail sale - Lots including second-hand, returns, ex-display and damaged goods are sold as seen with no guarantees which is why Public Viewing is available 6 days a week and recomended.

2. Register for a Buyer Number

In order to Bid & therefore Buy @ Auction Xchange, you are required to REGISTER online. This process is completed once, so if you have previously placed a bid you already have a Buyer # allocated to you.

Register or Login online to print your Buyer Number to be utilised as a bidding Card. When logged in you can track all your online bids to date & their current status.

3. Commission Fees

Buyers will be required to pay an auctioneers commission Per Lot on the hammer price at a rate  of 15% + VAT [18.45%] or a minimum commission of €5.00 [€4.07 +VAT]  Per Lot.


Example - Lot Auctioned: Asset VAT "N/A"

No VAT on the hammer price applies:
Hammer price €100.00
Comission cost €15.00 (€100*15%)
Comission VAT €3.45 (€15*23%)
Total due €118.45


Example - Lot Auctioned: Asset VAT "23%"
VAT on the hammer price applies:
Hammer price €100.00
Hammer VAT €23.00 (€100*23%)
Comission cost €15.00 (€100*15%)
Comission VAT €3.45 (€15*23%)
Total due €141.45

4. Bid with your Buyer Number

Bidding is easy. If you wish to bid on a Lot, listen for the auctioneer to announce the relevant Lot Number and description. Take note if the Lot is subject to VAT or not - which is displayed for each individual listing on the catalogue & also on the Total Cost Calculator provided individually on each Lot on the online catalogue.

Don't worry, our Auctioneers will not take your cough, a wink or a raised elbow as a bid. When you want to bid, listen to the auctioneer, agree with the proposed bid price and hold up your buyer number.

If at any time you are unclear, our staff are on hand  to offer advice on all aspects of the auction process. We are here to make the auction a fun and rewarding experience.

5. The Highest Bidder is the Buyer

Outright Sale: the final bid will be announced and the auctioneer will bang the hammer and state “Sold for €X to buyer number Y”. This information will then be entered onto the projected screen/online auction display for buyer clarification.

Provisional Sale: There may be a 'reserve' price i.e. a minimum sale  price required by the seller on Lot(s). If the highest bid has not reached the Lot(s) reserve price, the auctioneer will not bang the hammer and will announce a "provisional sale". Subsequently, the auctioneer will contact the vendor to ask if they will accept the bid, or try to negiotate a price in between.

Option Sale: a multiple of similar/related Lot(s) may be auctioned individualy "with the option". The highest bidder earns the option to purchase at the winning bid price as many of the Lots as he wishes. Any balance of Lots may be offerd to underbidders at that price or re-auctioned.

6. Pay on Auction Day

All Lot(s) purchased must be paid for on the auction day. Acceptable payment forms are cash, bankers draft, Debit (subject to applicable transaction fees) and Credit Card (subject to applicable transaction fees). Cheques are NOT accepted

Please remember - all sales are final, and Lot(s) are sold "as seen". There are no refunds, returns or exchanges on Lots.

7. Collection

Buyers can checkout and take away their Lot(s) during the duration of the auction (at staff descretion - no lots requiring forklift operation). All Lot(s) MUST be collected within the specified collection period (up to 1 day after the sale date).

Any Lot(s) Not collected within the specified collection period will be subject to a minimum Storage Charge of €3.50 [€2.85+VAT] Per Pallet Per Day [minimum one pallet / applicable 7 days a week].

8. Storage / Delivery Service

If you need assistance with delivery of your Lot(s) please contact one of our team.

Transportation charge incorporates one way travel, loading & unloading time + toll charges if applicable:
- Box Van with Hydraulic Tail Lift + One Mover is €60.00+VAT [€73.80] per hour (minimum charge one hour).
- Box Van with Hydraulic Tail Lift + Two Movers is €80.00+VAT [€98.40] per hour (minimum charge one hour).

Storage ChargePer Day - €2.85+VAT [€3.50] per 100 cubic sq.ft [5ft x 5ft x 4ft high] (minimum charge one day).

Auction Xchange does not accept any responsibility or liability for any loss or damage arising in any way from utilising the storage and/or delivery service.