There are two different types of Lots - Assessed & Described
Whilst all lots on AuctionsPlus must be listed through a registered Agency, under the AuctionsPlus requirements, there are 2 different lot types available.
These lot types vary per commodity and different buyer protections are available, based on the AuctionsPlus User Agreement and Sale Terms.
- Assessed Lots - Only includes livestock (cattle, sheep, goats) however not all livestock lots are assessed. An AuctionsPlus Accredited Assessor must complete an AuctionsPlus Assessment of the Lot, in an on-farm or saleyard environment and list the lot under the requirements set out by AuctionsPlus. Assessed lots include buyer protection for the traits assessed.
- Described Lots - Includes both Livestock (e.g. individual stud animals) and other commodities such as machinery, equine, dogs and more. Described Lots include information supplied by the Vendor and must be listed by a registered Agent. Described Lots are sold on an "as is, where is" basis unless otherwise stated, and bidders are encouraged to physically inspect the Lot prior to bidding.
All lots on AuctionsPlus are bound by Contract of Sale Terms.
How do I tell if a Lot is Described or Assessed?
When browsing the catalogue for each Auction, a badge is displayed on each lot to indicate the difference between Assessed & Described Lots;
Most often, an Auction will contain all Assessed Lots OR all Described Lots - however there are some auctions which may contain both Assessed & Described Lots.
Any questions relating to a Lot listed should be directed to the Selling Agent contact on the lot details.