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Sales conditions & Insurance

Where does the sale take place?

The sale is held exclusively on-line in www.theauction.online

When does the sale take place?

The Auction starts on December 4 at 08PM CET and ends on December 5 from 8PM CET.

Extra Time rule

The end of the sale is set from 08:00PM CET. The "extra time" rule is applied to this sale. Each bid placed 5 minutes before the end allows all other bidders 5 extra minutes to place a final bid. The end of the sale is therefore postponed to 8:05pm (8:00pm + 5 minutes). This rule applies as many times as necessary.

Where and how can I bid?

To register as a bidder, please click on the "register to bid" button in the top right hand corner of the home page.

After processing your request, The Auction will send you a personal password allowing you to log on to the secure bidding platform.

What commission and taxes apply?

Buyer’s commission is 8% +VAT, applicable to the amount of the final bid.
VAT applies on buyer’s commission at a 21% rate.
VAT applies on the hammer price at the VAT rate of the seller's country, except in the case of horses sold without VAT – this mention is carried on each lot’s presentation page

How do I pay?

Auction sales are considered to be paid cash. As a result, each purchaser must contact The Auction accounts department immediately after the end of the sale and proceed to payment by wire transfer .

When can I take delivery of my purchase?

Upon reception of payment, The Auction shall authorize the buyer to collect the horse.

 

 

Insurance
The Auction partner’s with insurer Watinco who offers policy coverage to clients who acquire an embryo at the sale.  The Team at Watinco will be available to receive request from new owners as soon as the sale end.For Embryos, a specific policy has been negotiated for The Auction clients.
 

For any query on insurance, please contact info@theauction.online
Terms and conditions of sale