Strauss & co - 22 October 2012, Cape Town

11 3. Written or Absentee Bids If you are unable to attend an auction and are not available for a telephone bid, please submit an absentee or written bid. This is your maximum bid on a lot. (The auctioneer will bid on your behalf up to your maxium bid in order to purchase the lot for you at the lowest price possible, obviously taking into account the reserve and other bids.) The auctioneer may bid on behalf of the seller up to the amount of the reserve by placing consecutive or responsive bids for a lot. Depending on the interest in the lot and assuming that your bid exceeds the reserve, you may well be successful in securing the lot at a lower figure. In the event of an identical bid, the one received first will take precedence. Please double check that you have left bids on the correct lots and insure that we receive your bids 24 hours before the sale. An sms will be sent the morning after the auction notifying you whether you have been successful or unsuccessful with your bids. If you do not receive the sms – please can you contact us after the sale to get your results. Do not forget that your final invoice will include buyer’s premium and VAT on the buyer’s premium on each of your successful lots. How do I Pay and Collect? All the lots you purchase will be invoiced to the name and address that appear on the registration form. Please arrange payment and collection immediately after the sale. How much will I pay? If you are successful, you will pay the hammer price plus the buyer’s premium on each lot as follows: 10% for lots selling over R10 000, 15% for lots selling at and below R10 000 + VAT on the buyer’s premium on each lot. Methods of payment Payment may be made by:– a) Electronic Transfer (EFT) b) Cheque (by prior arrangement) c) Credit cards acceptable to Strauss & Co: Mastercard and Visa d) Direct Cash deposit into our Current Account Strauss & Co Standard Bank: Killarney Bank code: 007205 Current Account No: 001670891 SBZA ZA JJ Collections For detailed information regarding collections from Keerweder, see page 7.