FAQ Page

Listing Fees – A entry fee of $199 including GST is applicable to each listing entered for sale.

Seller Fees – Sale commission will be charged at a rate of 5% of the Final Sale Price of the Lot. No seller fees are payable on Lots that are not sold at the close of the sale.

Minimum Bid - A minimum bid of four hundred dollars ($400) is required for horses offered for sale without a reserve. Should the horse listed fail to receive a bid of four hundred dollars ($400) or higher, then the offering will be passed in.

Maximum Bid - A maximum bid is an amount up to which you allow the system to bid automatically on your behalf. The system will only raise your bid when a counter bid has been placed. As the holder of the maximum bid, each bid placed will be recorded as your new highest bid until your maximum has been outbid.

When placing a maximum bid the bid amount shown will be the next increment required only. Except In the case where the maximum bid does not exceed the reserve price of the listing, should this be the case the system will record the maximum bid entered.

If you enter the same amount as another members maximum, the first member to place the bid will be the winning bidder at that amount.

A bidder can reduce their maximum bid by re-entering a bid amount lower than the original bid amount, unless there is a counterbid already in place equal to or greater than the limit the original bidder wishes to reset.

Bidding Sliding Scale – The bidding increments for each Lot will be determined by a sliding scale based on the following:

Current Bid:$400 - $999Bidding Increment:$100
Current Bid:$1,000 – $4,999Bidding Increment:$250
Current Bid:$5,000 - $9,999Bidding Increment:$500
Current Bid:$10,000 - $19,999Bidding Increment:$1,000
Current Bid:$20,000 Bidding Increment:$2,500

Auto Extend - If a bid is placed on a Lot within the final five (5) minutes prior to its Auction End, the Auction will automatically be extended for a further five (5) minutes period until a period of a full five (5) minutes period has passed without a bid being placed by any Bidder.

Online Auction Bidding Rules

These Bidding Rules form part of the Inglis Digital Online Auction Terms and Conditions.

If you are bidding on a listing, you agree to comply with these Bidding Rules.

As a bidder, you agree that:

  1. you are obliged to complete a transaction with a seller if you are the highest bidder of a listing once the listing has completed;
  2. you must be able to pay for the Items you place a bid for;
  3. if you place a maximum bid that is the same maximum bid as another User, you will be notified that another User has placed the same maximum bid as you and be given the option to place a greater bid;
  4. you cannot bid on any Items you own directly or beneficially;
  5. you have read, understood and agreed to the description in the listing including any conditions of sale specified by the seller;
  6. you will not participate in dummy bidding, shill bidding or attempt to artificially increase the price of the listing;
  7. you will not offer to buy the Items outside of the Services;
  8. you will be responsible on agreeing with the seller the execution and delivery of any documents as necessary to effect the transfer of title and registration of any Items with the applicable regulatory body.

Online Auction Listing Rules

These Listing Rules form part of the Inglis Digital Online Auction Terms and Conditions.

If you are listing Items, you agree to comply with these Listing Rules. As the seller, you agree that:

  1. you will not list any item other than the Items;
  2. all information you provide in a listing is true and accurate;
  3. you are the legal owner or otherwise authorised to sell the Items;
  4. if your Items include any horses, you will include in the listing comprehensive disclosure whether any of the horses have been subject to surgical procedures or any prohibitions or restrictions imposed by a horse racing authority and details of any applicable transport and vet costs;
  5. you will not include any Content in a listing that infringes the copyright or other intellectual rights of any person;
  6. Items are not subject to any security interests or other encumbrances, or if subject to, will be discharged prior to the listing completing;
  7. you will be responsible on agreeing with the winning bidder the execution and delivery of any documents as necessary to effect the transfer of title and registration of any Items with the applicable regulatory body.