If you accidentally place a bid, it is essential that you ring the AuctionsPlus team immediately on 02 9262 4222.
Once registered as a buyer on the AuctionsPlus system, you are liable for any bids placed on your account. We cannot remove a bid.
Prior to placing a bid, you must also unlock the screen in order to bid, to avoid mistaken bids occurring.
If you remain the successful highest bidder and are still holding the lot at the time of the Auction finishing, and cannot take the stock, AuctionsPlus can contact the underbidder on your behalf and enquire if they wish to purchase the stock at their bid price.
In this scenario, the mistaken bidder is liable for the difference in your bid price and the negotiated sale price, plus any other sale costs incurred by the vendor.
There is no guarantee that negotiations will be successful, and if not, you are liable for the purchase. It is important to contact AuctionsPlus as soon as possible whenever a mistaken or accidental bid occurs.
The following applies from the AuctionsPlus User Agreement, should a buyer default on a contract of sale which they have entered.
