FAQ Buy­er / Bidder

Public auc­tions are auc­tions that are held on the basis of sta­tu­to­ry regu­la­ti­ons.

The law sti­pu­la­tes that an auc­tion (rea­liza­ti­on of a lien) must always be held in public. A public auc­tion must be acces­si­ble to a lar­ger, not indi­vi­du­al­ly defi­ned group of peo­p­le. Ever­yo­ne, inclu­ding the deb­tor, has the right to par­ti­ci­pa­te.

The con­si­gno­rs are insol­ven­cy admi­nis­tra­tors, freight for­war­ders, land­lords, heirs, cre­dit insti­tu­ti­ons, estate admi­nis­tra­tors, lawy­ers, entre­pre­neurs, pawn­shops or other com­pa­nies, aut­ho­ri­ties or pri­va­te indi­vi­du­als.

We ask you to arri­ve 30 minu­tes befo­re the start of the auc­tion to regis­ter and recei­ve a bidder card. We ask you to iden­ti­fy yours­elf with a valid ID or pass­port and to ensu­re pay­ment.

In order to par­ti­ci­pa­te in the auc­tion, you will need an iden­ti­ty card and a cash depo­sit. This also ser­ves to pre­vent so-cal­led fun bidders.

Yes, you can eit­her send us a writ­ten absen­tee bid or bid over the pho­ne. Alter­na­tively, in many cases we offer the opti­on of par­ti­ci­pa­ting in the auc­tion via web­cast.

By sub­mit­ting an absen­tee bid, you enable our employees to bid on your behalf. The auc­tion repre­sen­ta­ti­ve will only bid on your behalf up to the maxi­mum amount you have sub­mit­ted. You have three opti­ons for sub­mit­ting an absen­tee bid:

1. By fax
2. By tele­pho­ne
3. Online.

To par­ti­ci­pa­te online, you must regis­ter and crea­te a user account. If you are the hig­hest bidder and win the auc­tion, we will send you an invoice by e‑mail. The invoice con­ta­ins all infor­ma­ti­on regar­ding pay­ment, dis­mant­ling of the auc­tion­ed item and other details.

All items acqui­red at a public auc­tion are always acqui­red in good faith accor­ding to § 935 BGB para. 2.

A vie­w­ing peri­od of at least two hours pri­or to each auc­tion is requi­red by law. The exact vie­w­ing times will be com­mu­ni­ca­ted in the auc­tion announce­ments.

Lien rea­liza­ti­ons are car­ri­ed out accor­ding to the sur­ro­ga­te prin­ci­ple. The mate­ri­al value is con­ver­ted into mone­ta­ry value. The pos­si­ble mar­ket pri­ce for that day and place is deter­mi­ned. The­re is the­r­e­fo­re no mini­mum pre­mi­um pri­ce. The depo­sit may not be squan­de­red. The hig­hest bidder must be deter­mi­ned at reasonable cost.

The buy­er’s pre­mi­um is a fee that the bidder pays in addi­ti­on to the ham­mer pri­ce. The buy­er’s pre­mi­um should always be taken into account when pla­cing a bid. You need to know how much the item is worth to you inclu­ding the buy­er’s pre­mi­um. The amount is sta­ted in the auc­tion announce­ment for the respec­ti­ve auc­tion.

In the case of a public rea­liza­ti­on of a lien, pay­ment is always made in cash or by bank-cer­ti­fied check or other means of pay­ment equi­va­lent to cash.

> Win­ning bid: Con­tra­ry to the sce­nes some­ti­mes depic­ted in movies, you do not acci­den­tal­ly win a bid in an auc­tion or sale. The auctioneer/auctioneer always repeats both the bid amount and the bidder num­ber when a bid is pla­ced and, abo­ve all, when the lot is kno­cked down. > Con­di­ti­on of the auc­tion­ed pro­per­ty: The law sti­pu­la­tes that an inspec­tion must take place for at least two hours befo­re every auc­tion. This allows every inte­res­ted par­ty to find out about the con­di­ti­on of the pro­per­ty.

Unless other­wi­se agreed, war­ran­ty claims are excluded for items purcha­sed at public auc­tion. For ques­ti­ons that can­not be cla­ri­fied by vie­w­ing or cata­log descrip­ti­on, plea­se cont­act us.

Pri­va­te sales are nor­mal­ly car­ri­ed out for indi­vi­du­al items of hig­her value. The acqui­si­ti­on takes place in direct nego­tia­ti­on with our auc­tion house.

Upon accep­tance of the bid, the pro­per­ty beco­mes your pro­per­ty. In lien mat­ters, the fas­test pos­si­ble take­over and rem­oval, often imme­dia­te­ly, is requi­red.

The auc­tion of the apart­ment and cel­lar inven­to­ry takes place as a who­le. This means that the hig­hest bidder wins the bid for all items in the apart­ment and cel­lar. The apart­ment and cel­lar must be swept clean by the buy­er. Per­so­nal papers and data, as well as items that are obvious­ly the pro­per­ty of third par­ties (e.g. medi­cal aids, deco­ders from cable TV pro­vi­ders, etc.) will not be auc­tion­ed and must remain in the apart­ment.

As a rule, no pre­mi­um is char­ged. Other­wi­se the amount will be announ­ced in advan­ce

Usual­ly 1 week. If neces­sa­ry, you can cla­ri­fy this point with the cli­ent in advan­ce.

In this case, we will under­ta­ke the evic­tion and invoice you for the cos­ts. For this reason, we will char­ge a depo­sit of an appro­pria­te amount, which will only be refun­ded to you after com­ple­te and time­ly evic­tion.

Not usual­ly in the case of lien auc­tions.

In the case of public auc­tions, the legis­la­tor sti­pu­la­tes the cash prin­ci­ple imme­dia­te­ly after the auc­tion.

The­re is no right of with­dra­wal at public auc­tions. Upon accep­tance of the bid, the item or right beco­mes the pro­per­ty of the bidder with all rights and obli­ga­ti­ons.

No. It will be auc­tion­ed as inspec­ted and wit­hout any war­ran­ty. Plea­se bear this in mind when bid­ding and fac­tor in any repair cos­ts. During the vie­w­ing you will be given amp­le oppor­tu­ni­ty to inform yours­elf about the qua­li­ty and con­di­ti­on of the items. If you do not under­stand some­thing or are not sure, you should refrain from bid­ding.

The­se will never be auc­tion­ed and must be han­ded over to us tog­e­ther with per­so­nal papers.

In this case, we will under­ta­ke the evic­tion and invoice you for the cos­ts. For this reason, we will char­ge a depo­sit of an appro­pria­te amount, which will only be refun­ded to you after com­ple­te and time­ly evic­tion.

Befo­re every public auc­tion, the law sti­pu­la­tes that all pro­s­pec­ti­ve buy­ers must be able to inform them­sel­ves about the pro­per­ty to be auc­tion­ed during an inspec­tion las­ting at least two hours.

The apart­ment and cel­lar inven­to­ry is auc­tion­ed as a who­le. This means that the hig­hest bidder wins the bid for all items in the apart­ment and cel­lar. The apart­ment and cel­lar must be swept clean by the buy­er. Per­so­nal papers and data as well as items that are obvious­ly owned by third par­ties (e.g. medi­cal aids, deco­ders from cable TV pro­vi­ders) will not be auc­tion­ed off and must remain in the apart­ment.

All items acqui­red at a public auc­tion are always acqui­red in good faith in accordance with Sec­tion 935 (2) of the Ger­man Civil Code (BGB). Owners of trade­mark rights can­not assert the­se trade­mark rights on items pla­ced on the mar­ket by public auc­tion.