Latest Auction News

Auctions tips for sellers

1. Five most important tips sellers must know about auctions The tips contained herein are meant to advise sellers about the dos and don’ts of using the auction method to dispose their assets, with a view to make their auction…

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Auction Tips for Buyers

1. Ten most important tips buyers must know when buying on auction The tips contained herein are meant to introduce buyers to the auction method with a view to make their auction experience an interesting, hassle-free and rewarding one. 1.1.…

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Types, Methods & Benefits Of Auctions

1. Types of auctions There are two broad types of auctions across the world, and a third variant in the event where reserve is not met as outlined here under: 1.1. Absolute auction or auction without reserve Regulation 18 (1)…

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Auction terms and definitions

1. Auction terms and definitions The following terms and definitions apply to auctions. 1.1. “Absentee or commission bid” refers to a procedure that allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits…

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Auction myths and mysteries

1. Auction myths and mysteries 1.1. The stigma traditionally associating auctions with the disposal of distressed estates is the single biggest misconception about auctions. It is a myth that auctions are all about the disposal of distressed estates; be it…

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