General Terms of Auction
The auctioneer (Greek Live Auctions) acts as a representative of the seller, who has deposited one or more Lot tickets. The auctioneer considers good faith following a seller’s guarantee to the auctioneer that he is the sole owner of the item for auction and that this is free of any burden in favor of a third party as well as legal or actual defect, claim of a third party on it.
The auctioneer reserves the right in his absolute discretion to refuse the offer or participation of anyone in the auction.
To participate in the auction, you should have completed the registration process on our website.
The Lots of the auction are presented with photographs and described in detail. If it is proved that the Lot status does not agree with its description and is returned within 15 days of the end of the auction, the seller is obliged to return the price immediately without having any other obligation. No lot, which has been altered after sale in any way, can be returned.
Price estimations of the Lots are a product of the auctioneer’s personal assessment, based on the current Greek and international market and previous auction results of similar items
The auction is held in the currency of the euro(€)
The cancellation or reduction of the offer, which has altered the current bid in the system, is not possible in the online auction.
The bidding starts at the starting price and follows steps of 10 per 100 (10%) at the starting price. Minimum starting step is 5 €.
Example:
Up to 100 € in steps of 5 €
From 100 € in steps of 10 €
From 200 € in steps of 20 €
From 300 € in steps of 30 €
From 400 € in steps of 40 € and so on.
In the case of equal majority bids, the ticket shall be awarded to the first arriving offer.
You have the option to bid more than the amount displayed by the system. In this case the system will always show the next step and not the maximum of your offer (Proxy Bid).
Example:
Bidder 1 :Offer 100€.
Bidder 2 :Offer 110€
Bidder 3 :Offer 160 €.
The system will accept the offer of 160 € but will show the next step 130 € where the registration will be made if there is no other offer.
If there is a bid at the last minute of the Lot expiration time, then the expiration time is automatically extended by 1 minute.
The hammer price is added an auctioneer’s commission of 15% and VAT l 24% on the commission.
Lot displayed in the description with the VAT of 24% means that this lot is charged with VAT of 24% on the hammer price without any other charges.
The buyer is obliged to pay the total amount within 14 days of the expiration of the auction. In the event of non-payment of the price within 14 days , the auctioneer has the right to cancel the sale of the Lots.
Payment of items: 1. Cash (Up to 500€ according to Greek legislation). 2. Deposit to a bank account 3. Cash-off via ELTA or courier company 4. Bank check
Collection of items
– Items can be collected from the main office of Greek Live Auctions
– Items can be packaged and shipped upon request ( Shipping costs burden the buyer)
E-shop
All items on our online shop are sold at the listed price including VAT with no added charged, except from shipping costs.
Participation in the online auction requires accepting the Terms and Conditions listed above without reservation.
