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THE AUCTION PROCESS

Information for Buyers and Sellers

Information for the Buyer

Information for the Seller

The Process.

Register

You can register online through our LIVE bidding website by first creating an account and then clicking register to bid on the Auction you intend to bid in.

Or you can place bids through absentee/phone bidding forms.

Partake in an Auction

We hold our Auctions Online Only, you can participate by writing in an absentee form, phone bidding form or by bidding using our fantastic app or bidding website!

We are open for viewing on Fridays and Saturdays from 9am to 3pm at 13 New Street, Nelson, NZ. You can also fill in a form for absentee bidding or phone bidding here in house on a viewing day.

If you win...

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

This email will detail instructions for what to do next, including payment and potential shipping details.

Collecting Items

We are closed on Auction Day, it is possible to come in on the following Monday/Tuesday to collect, as some items may need a trailer to take away. However, all items MUST be picked the following Tuesday by 3 pm.

We offer the option of shipping through NZ Post. Items that are larger than their couriers can accept are the buyer’s responsibility.

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. This means that a bid of $100 will be $120 in the invoice. Buyer’s premium can be calculated by multiplying the bid price by 1.2.

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.

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