fbpx
skip to Main Content

THE AUCTION PROCESS

Information for Buyers and Sellers

Information for the Buyer

Information for the Seller

The Process.

Register

Come into our Auction House at 13 New Street, Nelson, NZ and register for free.

Or, register online through our LIVE bidding website.

Attend an Auction

Attend the Auction in person, and look at the yellow sticker for the lot number you wish to purchase – when the bidding starts on the item, hold up your unique number.

Or place an online bid before or during a LIVE online auction.

There is plenty of free parking on Auction day. Absentee and phone bids welcome.

If you win...

If you win the bidding on an item, it is possible to pay immediately and take your item home.

If you have won through either absentee, phone or online bidding, we will contact you by calling or sending you an email.

Collecting Items

By arrangement it is possible to come in the next day or days to collect, as some items may need a trailer to take away. However, all items MUST be picked the following Tuesday by 3 pm.

Absentee Bids

Absentee Bids are welcome on any item – if you have left a bid for $100 and the last bid (Hammer Price) is at $70, that’s the bid you will be charged.

Please keep in mind that there is a buyer’s premium of 20% on top of all hammer prices.

Vendors Consignment Form.

Wanting to sell at Auction? Here’s some information you need to know.

Consign your property:

Once you have received an appraisal of your items and/or made the decision to consign your item(s) into an auction, you will be provided with an Agreement of Sale Contract. This is to be completed, signed and returned to Lipscombes.

When and Where to Sell:

We will discuss with you the most appropriate auction to include your items in, to ensure optimum exposure. We will inform you of the date and time of the auction. The vendor is responsible for packing and shipping and transit insurance charges. We are happy to offer shipping and delivery recommendations to ensure your items are delivered safely and in the most cost-effective manner. We will inform you when we require the items to arrive at our premises, in time for photographing, cataloging and marketing the auction. For our packing and delivery recommendations, please do not hesitate to contact the department you are dealing with.

Receiving your Payment:

Using an extensive client database, innovative marketing and a state-of-the-art saleroom, we will work towards achieving the highest possible result for you.

After 20 working days when all your items have been sold at Auction, we will provide a summary of the items sold and prices achieved. Payments after that date are made by internet banking into a bank account nominated by you.

Back To Top