(Business or Personal)/Eft-Pos
Buyers Premium 15% inc G S T (GST applies to Premium only)
automatically, with an inventory of good sold, to a designated person
and address, within 5 working days of the accounts completion. Payments
can also be deposited into NZ Bank accounts.
& Delivery of Goods
Service Available Napier & Hastings
Charges deducted from sale of goods
Delivery of goods is the responsibility of the purchaser
Assistance is available for packing and booking of freight
: Chattel valuations
Values for Matrimonial or Estate purposes
Market Values for Business liquidations/sales and GST de-registration
& Commercial clearances on -site
Mobile computer system
Auctioneer is available for hire for private auctions
Auctions & Collectibles Auctions
(Vendor) Commission: 16% + GST plus $2 per lot booking fee.
A Handling Fee shall be charged on items not sold.
Freight charges apply to items collected and/or returned to Vendors.
Buyers Premium 15% inc G S T (GST applies to Premium only)
10% + GST, negotiable with estimated sale value.
Plus Advertising costs
Minimum commission value may apply.
fee $70.00 (Inc.GST) for written inventory, valued at Estimated
Auction Selling Price.
Estimate of total fee available prior to appointment.
is no charge for an appraisal of items if they are presented at
our rooms or photos are supplied.
A call out fee may apply where this is not possible.
& Foster are proud to offer an honest and accurate service for
Absent buyers are asked to disclose their highest offer. This price
is filed in confidence with the auction office.
The sale price will be 1 bid only above the next highest absentee
bid, or bid from the floor.
In the case where there are two identical bids and no better bids,
the first bid placed will take precedence.
& Foster strive to build buyer confidence & trust with pre-auction
absentee bids, and hence are reluctant to offer phone bidding. There
are occasions where placing a pre-auction bid is difficult and phone
bidding is the best option. Phone bids are only considered on these
occasions and if the item holds "reasonable" value.
and conditions of sale
Interpretation and general
1.1 Auctioneer includes the person authorised to conduct
a sale and his, her, its or their employees or agents in any way assisting
in the auction or the recording of it.
1.2 Bidder means any person (whether present or not) and
his, her or its agent or employee placing or making bids or leading
the auctioneer to believe that person, agent or employee is making bids.
1.3 Person includes any company, firm or body whether incorporated
1.4 Property means the goods, chattels, land, estates or
interests being auctioned.
1.5 Purchaser means the person to whom the property is knocked
down by the auctioneer in an at that time uncontested auction.
1.6 Vendor means the person placing the property with the
auctioneer for sale and includes such a persons actual or purported
agents or employees.
Unless arranged otherwise in writing with the vendor and auctioneer,
the terms of sale are:
(a) for all property except real estate; and
(b) cash on the fall of the hammer.
3.1 The auctioneer alone may fix the amount of a bid or permit it to
be withdrawn. The auctioneer will resolve any dispute about the bidding,
whether at or after the auction. The auctioneer may combine or divide
3.2 A bid authorises the auctioneer to note the auction sheet and, where
writing is required, to execute the contract at that bid on behalf of
the bidder and authorises the charge of any buyers premium referred
to in cl 5.1.
3.3 If, but only if the auctioneer has stated whether in relation to
the auction generally and/or the particular sale, that the auction is
subject to a reserve price and/or that the vendor reserves the right
to bid, the vendor may personally or through the auctioneer bid as often
Purchasers rights and obligations
4 Unless specifically stated otherwise in relation to identified property
the vendor warrants only:
(a) That the title in the property sold will pass to the purchaser only
upon the purchaser completing payment in full by cash or cleared cheque.
(b) That there are or will be no encumbrances on the property not advised
in particulars of sale or by the auctioneer before entering upon the
5.1 Where announced or notified before the auction that there is a buyers
premium and the amount of or the method of calculating it, the purchaser
is to pay, upon the fall of the hammer, the amount or rate announced
plus GST, if applicable.
5.2 All goods sold shall be removed on the day of the sale or as otherwise
provided in the particulars or announced. if not removed the auctioneer
may charge a reasonable sum for warehousing them, but will not be liable
to the purchaser for them in any respect.
5.3 If the purchaser fails to pay the purchase price or collect the
goods as required, the auctioneer may elect to resell the property in
any manner without notice to the purchaser who will be liable for any
deficiency in price (after allowing all commissions or expenses of resale
whether of the auctioneer, vendor or others), the buyers premium
and liquidated damages of one and a half times the standard overdraft
interest rate being charged by the auctioneers bank at the time
of sale (as conclusively certified by the apparent manager of the bank)
or may sue for the price, liquidated damages as calculated above and
solicitor and client costs for pursuing the purchaser, whether or not
cancelling the contract.
5.4 In the event of there being any surplus following resale it will
belong to the vendor. The purchaser may not recover more than actually
paid by the purchaser.
5.5 If provenance of property is warranted, a purchaser may within 14
days of the auction prove to the satisfaction of the auctioneer that
the property is a forgery, whereupon the vendor will repay the purchase
price or deposit, as the case may be, in full, subject to the return
of the property in good condition.