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How to Buy at a Stephan Welz Auction?

This guide will explain how to get started and how to buy on our online and live or catalogue auctions.

How to buy on a Stephan Welz Online Auction

Registration

As a leading auction house in South Africa, we offer our clients the opportunity to bid on lots online. It is safe and quick to register. To get bidding, click here to register your account.

Free valuations

We offer free valuations on any item to be auctioned. Our valuations are based upon current market prices for similar items, the condition of the item, its rarity and the current demand for such an item. Catalogue estimates may be altered and are subject to revision.

Reserve

Stephan Welz & Co. affords our clients the option to place a reserve on any item to be auctioned. Our specialists will provide any seller with a low estimate of their item. The seller is then able to put their own reserve on the item, as long as the reserve amount is not higher or 20% lower than the estimate given. This service is free of charge.

Payment

All successful bids need to be paid directly after the sale and items will only be released when a valid proof of payment is presented. Payment can be made by the following methods: Cash, Cheque, Banker’s draft, Wire Transfer and Credit Cards.

Banking Details:

Stephan Welz & Company

STANDARD BANK LIMITED

Branch: Rosebank, Johannesburg

Branch Code: 00-4305-17

The 8 digit branch code is required for international banking.

The f6 digit (00-4305) code is required for online banking.

Account Number: 402-328-213

Swift Code: SBZAZAJJ

Collection

Successfully purchased items can be collected immediately after the auction, however, if the buyer wishes, items can be sent to any branch in South Africa to be collected.

How to buy on a Stephan Welz Live or catalogue Auction

Viewings

Our viewings are open to the public and held in the run-up to our auctions over one week. Visitors may consult our sales consultants to help them through their auction experience.

Bidding at the Auction

All clients attending our auctions are required to complete a registration form and produce any form of identification, company name (If applicable), contact phone number, VAT registration number (If applicable), address, email, contact phone numbers. Clients will be given a bidding number which must be used to identify a bid during the auction.

  • Absentee bids

Absentee bids are possible at any Stephan Welz & Co. auction. In order to choose this option, you must complete an Absentee Bidding Form, which instructs a representative of Stephan Welz & Co. to bid on a specific lot and a limit on the price biddable in your stead.

Click HERE to download our Absentee Bidding Form.

  • Telephone bids

Stephan Welz & Co. allows clients to bid telephonically on specific lots during any auction. In order to register, contact us at least 24 hours before an auction. We will take down your details, including the telephone number to contact you for the auction. One of our auction specialists will contact you during the auction and bid on your behalf.  You are also able to download and complete in our Absentee Bidding Form. The form must be handed in at least 24 hours before an auction.

Click HERE to download our Absentee Bidding Form.

Payment

All successful bids need to be paid directly after the sale and items will only be released when a valid proof of payment is presented. Payment can be made by the following methods: Cash, Cheque, Banker’s draft, Wire Transfer and Credit Cards.

Banking Details:

Stephan Welz & Company

STANDARD BANK LIMITED

Branch: Rosebank, Johannesburg

Branch Code: 00-4305-17

The 8 digit branch code is required for international banking.

The f6 digit (00-4305) code is required for online banking.

Account Number: 402-328-213

Swift Code: SBZAZAJJ

Collection

Successfully purchased items can be collected immediately after the auction, however, if the buyer wishes, items can be sent to any branch in South Africa to be collected.

 

 

 

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