Our Trucks, Trailers & Spares Auction(#10) is now LIVE!

Auction details:
Auction opens – 25/09/2019 12:00 PM SAST
Action closes – 26/09/2019 12:31 PM SAST

CLICK HERE TO BID NOW.

Makwande Auctioneers (Pty) Ltd, established in 2011, is a Fresh, 100% black female owned Emerging Enterprise that offers asset valuation and disposal services to the private and public sectors.

Due to the evolving landscape of the auction industry we have adapted the following disposal methods to assist our clients:

Public Auction Method:

This is the process of initially advertising assets or equipment through various online, print and street media platforms before selling the goods by offering them for bids to the public.

Private Treaty Sale:

In this case the assets are exposed directly to known potential buyers who then offer and purchase the assets without necessarily competing with other buyers.

OEM Purchases:

This is where auctioneers would purchase new and/or redundant assets and equipment from various Original Equipment Manufacturers or even end users who may not have sufficient assets to put on auction regularly.

Online Auctions:

Typically like a silent auction that allows people to bid on items over the internet. Bidders either continue to check on the items they are interested for or they receive electronic notifications known as bid-tracking to monitor their progress against other bidders and ultimately their success.

Movable Assets

Our range of movable assets are sourced from individuals and companies. Although most of our assets result from liquidations we also have individuals who use our services to dispose of their unwanted goods.

Ready to dispose of your obsolete assets or buy movables get in touch with us today for a viewing or FREE valuation.

Entrusted by industry leaders:

Although our company is fairly new in the industry our experience and knowledge in this field has gained us the trust of reputable clients such as development finance institutions, liquidators or curators, hotels, and individual clients.


Frequently

Asked Questions.

Whatever your service or product we’ve got you covered with our professional team of marketers, advisors and entreprenurs. We’ve got you covered from day one and ensure your success through launch.

  • What is an Auction?

    An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.

  • Why are auctions becoming the preferred method of sale?
    • Auctions are the only type of sale where the price is negotiated higher than lower
    • Auctions create a competitive bidding environment which helps increase prices for sellers
    • Auction can be held on a short period of time minimizing holding costs
    • Auctions allow sellers to create their own terms of sale
    • Auctions create a market for hard to value items
    • Auctions allow buyers to bid with confidence knowing other also have an interest in the merchandise
  • How do auctions deliver results?
    • Selling by Auction stimulates competition It puts bidders in a positive frame of mind
    • It brings buyers to a state of decision
    • The price is decided by more than one

    IT OFTEN LEADS TO A HIGHER PRICE THAN YOUR ASKING PRICE!

  • Who is an auctioneer?

    An auctioneer is a transaction orientated, problem solving individual who accepts the responsibility of recycling assets at through a planned and well organised event

  • What is the role of an auctioneer?
    • To sell various goods to the highest bidder in financial terms.
    • To represent and protect the best interests of the seller and the buyer.
    • To introduce each item individually to the buyers, and point out the characteristics of each item.
  • What are an auctioneer’s duties?

    To be loyal to all parties

    • To disclose all information relevant to the auction sale
    • To ensure confidentiality in business dealings with clients
    • To be accountable and safeguard the seller and the buyer
    • To be diligent in all processes and practices
    • To act in accordance with legal requirements
    • To constantly acquire knowledge and information relating the industry, buyers and sellers
    • To always act fairly and not profit on someone else’s loss and charge in line with the required deliverables
  • Although the auction industry is largely unregulated, what legislation governs or impacts the practice of auctioneering?

    Auctions are treated as ‘trade sales’, and as such do not have to stick to most of the normal consumer protection laws. There will usually be a clause printed in their Conditions of Sale (displayed at the auction or printed in the catalogue) stating “we are not responsible for the authenticity or condition of any item”. However, goods must not be deliberately described or misrepresented falsely. If the buyer finds that he/she was misled into buying something, it will have to be proven to court that the buyer examined the item closely before buying it. The buyer will have to proof any obvious false description or misrepresentation.

  • What is the South African Institute of Auctioneers?

    The South African Institute of Auctioneers (SAIA) is the body appointed by auctioneers to represent them in South Africa. Members of this body must adhere to the bodies’ standards to promote professionalism within the industry.

If you are interested in disposing of your obsolete assets or are interested in buying movables get in touch with us today for a viewing or FREE valuation.