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Auctioneering

The company has two practising auctioneers, Dave Summerton and Ivan Edelson, both of whom commenced their auctioneering apprenticeship in the early 1970s, with local established auction houses.

We Work Very Professionally and Have Experience

The company has two practising auctioneers, Dave Summerton and Ivan Edelson, both of whom commenced their auctioneering apprenticeship in the early 1970s, with local established auction houses.

Auctions in the 70s and 80 were extremely popular and well attended and was the preferred method to dispose of unwanted goods, including household furniture, kitchenware, crockery, garages tools and motor vehicles.

In recent years’ technology, has played its part, with the advent of online auctions and various websites where items can be sold out of hand. Notwithstanding the above, there is nothing better than a live auction, conducted by a skillful auctioneer, where two potential bidders endeavor to out-bid each other and sometimes end up paying a premium for the item concerned!

Notable successes in the case of the movables, include the sale of bookmaker’s rights, plant and machinery, gliders, yachts, the contents of hotels, motor vehicles, antiques, household furniture and livestock.

Successful immovable properties sold, include the La Roche and Hula Hula blocks of flats, which were sold in 2008 for more than R 50 million, farms, smallholdings, residential dwellings and vacant land on behalf of private owners, administrators of estates, liquidators, municipal and government departments.

THE PROCESS

“On the spot” auctioneering of movables, involves the following:

 

  • Preparing a list of goods for advertisement purposes;
  • Setting the auction date;
  • Advertising the items on existing databases, social media and in local newspapers;
  • Lotting up, displaying and numbering the items to be sold;
  • Preparing a catalogue;
  • Setting a viewing day;
  • Registering bidders on auction day;
  • Conducting the auction, the collection of monies and the control of delivery;
  • Accounting to the seller.
In the case of immovable/fixed property the auction sale can be either “on the spot” or at a different venue and involves the following:

  • a comparative market analysis as to the recommended selling price;
  • Property to be exposed to the market for a minimum of 3 weeks prior to auction date;
  • Property to be advertised in local newspaper, on property portals and social media;
  • Show days to be conducted prior to auction date;
  • Email marketing to existing buyer databases;
  • The drafting of auction conditions of sale;
  • Appointing a conveyancer to attend to the transfer of the property;
  • The conducting of the auction itself and subsequent negotiation to finalise the sale;
  • Assisting the buyer with finance options;
  • Arranging and instructing contractors that are involved in the sales process;
  • Monitoring the transfer process to successful registration.

OUR APPROACH AND BENEFIT

  • Two trained auctioneers, each with over 30 years of experience.
  • Both auctioneers, qualified valuers and appraisers and can assist with pricing of fixed property or movables.
  • An associate real estate company with national and international links.
  • Existing database of auction clients.
  • Competent administration team.

Auctions in the 70s and 80 were extremely popular and well attended and was the preferred method to dispose of unwanted goods, including household furniture, kitchenware, crockery, garages tools and motor vehicles.

In recent years’ technology, has played its part, with the advent of online auctions and various websites where items can be sold out of hand. Notwithstanding the above, there is nothing better than a live auction, conducted by a skillful auctioneer, where two potential bidders endeavor to out-bid each other and sometimes end up paying a premium for the item concerned!