Online Webcast Auctions
The digital space has grown rapidly and provides an innovative platform for many businesses to trade. The auction industry is no different with online webcast auctions efficiently substituting live auctions in a Covid-19 driven society.
For the foreseeable future, Aucor Property will host multiple commercial auctions via online webcasts. Working in conjunction with our digital and IT specialists, Aucor Property is able to provide buyers and sellers with a seamless auction platform, in a real time and transparent manner.
The Aucor Property Business Development Team is able to assist you with any queries you may have and can be contacted on +27 11 033 6600.
All buyers can make use of the efficient pre-registration facility on the Aucor Property website - www.aucorproperty.co.za, or by contacting our administration team on +27 11 033 6600. A unique bidder card number will then be issued for all bidding.
Telephonic bidding will be used and provides two way feedback for all buyers. This will be enabled by the Aucor Property Business Development team, who will use your unique bidder number to put forward your bids during the auction itself.
Telephonic and online bidding will be facilitated concurrently by the team managing the auction on the day, to bring buyers a seamless and hassle-free bidding experience.
WATCH THE AUCTION LIVE
The auction will be streamed live via a webcast broadcast on our website, on the Aucor Property Youtube page and the Aucor Property Facebook page. All interested parties can watch proceedings without the hassle of having to register or log in.
The auction will commence at 12h00 and the auctioneer will read out the rules of auction as well as announce the number of registered bidders . Buyers will also have line of sight of the auction proceedings.
Live Auction Events
Multiple monthly auction events bring together a plethora of buyers into one venue providing a trading platform for competitive bidding. Aucor Property facilitates an efficient registration processes which assists the team to manage both buyer and seller expectations at the event.
Due to Covid-19, no live auction events will take place and online webcast auctions will be held for the foreseeable future.
Multiple Auction Event
Multiple monthly auctions are held in Johannesburg at The Houghton Golf Club. The venue is centrally located for convenience.
All potential bidders are required to register for the auction and pay a refundable registration fee of R50 000. All FICA requirements must be met – identity document, proof of address and company or trust documents where required. A pre-registration facility is available on the Aucor Property website enabling buyers to pre-register before the auction event for their convenience.
The auction begins at 12h00 in the auction venue and online, and is conducted by our highly skilled and accredited Auctioneer. Each lot is auctioned individually.
The highest bidder is assisted in signing the Conditions of Sale agreement and the deposit and commission is paid over to Aucor Property’s Trust Account. The signed offer to purchase is then presented to the seller for consideration. If the reserve price, the seller has the option to either reject or accept the bid within a pre-defined confirmation period.