You are required to become a bidding member with us by depositing an Earnest Money Deposit which is fully refundable whenever you wish to cancel your membership. For more details, click here.

If your Bid is the highest at the end of the Online Auction, you’ll be considered the Buyer and you’ll automatically enter into a Contract of Sale with the Seller of the Lot. However, if the Seller set a Reserve Price and your Bid is lower than the Reserve Price, there will be no Contract of Sale.

Within seven (7) banking days from the end of the Online Auction, you are required to pay (i) the Purchase Price and taxes (if applicable) to the Seller and (ii) the Buyer’s Fee to us. The specified payment period will never be regarded as a statutory limit.

A notice of default will be issued to you to dissolve the contract of sale and your EMD amount would be forfeited by us enabling cancellation of your membership and suspension of bidding rights.

The specific amount of Buyer’s Fees will always be displayed below every lot. For more details, you are checkout our pricing here.

Once we ensure that the Seller receives the full Purchase Price amount along with applicable taxes and we receive the full Buyer’s Fees amount, we would issue a Delivery Order with you. You are therefore responsible and liable to take delivery of the lot within 7 days of issue of Delivery Order.