
There are some exceptions to this, however, if there are any successful bids on a particular lot within 10 minutes of the close of the online auction (the “Going, Going, Gone! Period), it will be extended until there are no successful bids within the "Refresh Period".There is no limit to the number of times an online auction can be extended.

Typically, auctions are over at their posted times. Invoice totals exceeding $10,000 will not be split. To assist in the processing of payments please have funds available. For invoices totaling less than $10,000, your credit card will be debited within 2 days of auction closing. Please note that cash, personal or company cheques will not be accepted.

Contact 1300 064 978 or email for an exact invoice total. In bidding in this sale, the buyer agrees without reservation to Grays doing so. For invoices totalling in excess of $10,000 Grays reserves the right to charge a deposit against the purchaser’s credit card to a maximum of $10,000 or 20% of the invoice total. Invoice totals exceeding $10,000 must be paid by direct deposit within 2 days of auction closing. Bids on assets in this sale should be made based on your own inspection and assessment of the assets. (As per the bidders agreement that you have agreed to)Photos, descriptions and conditions reports (if any) should be used as a guide only.
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Some individual items may show signs of wear common with used items and in some instances accessories may vary from the standard (for example, software or manuals may be missing or different, no original packaging). If classed as 'Used' the asset may have experienced moderate to heavy usage by consumers and have not been tested to ensure that they function according to the manufacturer's specifications. Assets included in this sale may be used, therefore inspection is highly recommended prior to bidding. Please refer to the individual lot description for asset condition. Ie Successful Bid Price is $10,000 + 5.5% Buyers Premium = Total of $10,550.00 The buyers premium will be added to the final bid price. Once the bidding reaches $4,001 or more a 5.5% buyers premium applies. A 30% buyers premium applies when the bidding is less than $1,001 moving to 20% buyer’s premium up to $2,500, then moving to a 15% buyers premium.

