Buying Guide

How bidding works:

1. Registration & Approval
  • Register for bidder approval here.
  • We will be in touch and will request FICA information (copy of ID document/passport and proof of address not older than three months).
  • On approval of bidder profile, a R 250 deposit is processed with the credit card linked to your bidding profile.
2. Login
  • Visit our login page
  • Submit your email address or telephone number.
  • A One-Time Pin (OTP) will be sent to your preferred contact method.
  • Enter your OTP to complete login process.
3. Research
  • Study the information in the auction listing and carry out research on similar lots.
  • Make a note of the auction cut-off date and time (the time the auction ends).
  • Call us and ask questions regarding the lot.
  • Arrange a viewing or technical inspection of the lot.
  • It is the buyer's responsibility to research the lot and be fully knowledgeable on all its details prior to making a bid.
4. Place a Bid
  • Select the desired lot / car.
  • Make sure there is time remaining on the auction.
  • If your bid is made within the last two minutes of the auction there will be a two-minute extension – and again if further bids are made in extended time.
  • Keep funds available on the credit card linked to the bidding profile for 50% of the buyer's premium for the lot the bidder intends to bid on:
    • Cars - 5% Buyer's premium with a R 100 000 maximum and R 5 000 minimum (including VAT).
      For example: half of the 5% incl. VAT buyer's premium on a bid of R 500 000; 2.5% x R 50 0000 = R 12 500 (this amount will be deducted immediately from the winning bidder's credit card. The balance can be paid via EFT within 24 hours).
    • Collectibles & Parts - 10% Buyer's premium with a R500 minimum (including VAT).
      For example: half of the 10% incl. VAT buyer's premium of a bid of R 20 000; 5% x R 20 000 = R 1 000 (this amount will be deducted immediately from the winning bidder's credit card. The balance can be paid via EFT within 24 hours).

After the auction:

Payment
  • If a buyer has submitted the highest bid and the reserve price has been exceeded or waived or the buyer has selected the Buy now option, 50% of the buyer's premium is charged to the credit card associated with the buyers profile (half of 5% for cars and half of 10% for collectibles & parts).
  • The balance of the buyer's premium must be paid via EFT to Classic Car Africa within 24 hours of the auction cut-off time.
  • We will forward payment details for the seller to the buyer and payment is made directly.
  • The payment to the seller must clear in the seller's account within 48 hours of the auction cut-off time.
  • Ownership of the lot shall not pass to the buyer until the seller has received settlement of the full purchase price in cleared funds.
  • The lot shall be at the buyer's risk of loss the moment payment has been made to the seller.
  • Buyers are advised to arrange for insurance cover to coincide with this time.
Collection
  • The lot must be collected from the seller within seven days of the conclusion of the auction.
Transport
  • Transport of the lot post auction is the responsibility of the buyer. A list of recommended suppliers can be provided on request.

Live Auctions


Click to Log In