Seller Privacy Policy for NextGen Auctions & Marketplace

 

At NextGen Auctions & Marketplace, we respect the privacy and confidentiality of our sellers. This Seller Privacy Policy outlines our commitment to protecting your personal information and the specific rights and conditions related to our auction process.

1. Privacy and Confidentiality

1.1 NextGen Auctions & Marketplace will not disclose any seller's details unless explicit permission is granted by the seller or their authorized representative. This includes, but is not limited to, personal information, contact details, and any other identifying information.

2. Auctioneer and Seller's Rights

6.1 The auctioneer and the seller reserve the following rights, which may be exercised by the auctioneer without providing any reason:

6.1.1 Not to Offer for Sale: The auctioneer may choose not to offer any lot or part of any lot described in the catalogue.

6.1.2 Combine Lots: The auctioneer may offer two or more lots described in the catalogue as separate lots for sale together as one lot.

6.1.3 Separate Unsold Lots: If combined lots are not sold to a successful bidder, the auctioneer may offer such lots as separate lots.

6.1.4 Withdrawal of Lots: The auctioneer reserves the right to withdraw any lot or lots from sale.

6.1.5 Seller’s Withdrawal of Items: Should the seller wish to withdraw an item that has been listed and is active/live as an auction item, they may only do so for a valid legal reason and at the full discretion of the auctioneer. In such cases, the seller will be responsible for paying the minimum associated fees and charges related to the auction item. Additionally, the seller will be liable for the auction premiums based on either the reserved price or the fair market value of the item at the time of the auction.

6.1.6 Refusal of Bids: The auctioneer may refuse to accept a bid or bids from any person or persons.

6.1.7 Refusal of Admission: The auctioneer may refuse admission to or eject any person or persons from the auction site.

6.1.8 Minimum Bid Refusal: The auctioneer may refuse to accept any bid for a lot being less than a sum nominated from time to time by the auctioneer.

6.1.9 Reserve Price Secrecy: The auctioneer may keep the existence and amount of any reserve price of a lot secret prior to the close of bidding or withdrawal from sale of the lot.

6.1.10 Bidder Payment Allocation: In the event that any buyer successfully bids for more than one lot at the auction:

6.1.10.1 The auctioneer may appropriate any monies received from that buyer in satisfaction or partial satisfaction of the purchase price due in respect of any one or more of such lots to the total or partial exclusion of amounts due in respect of any other such lot or lots as the auctioneer sees fit.

6.1.11 Interdependent Contracts: The auctioneer may elect at any time to treat each contract for the sale of each lot as interdependent with each other, and default under any such contract shall constitute default under all such contracts.

6.1.12 Bidding on Behalf of Buyers: The auctioneer may bid on behalf of any prospective buyer with or without disclosure.

6.1.13 Post-Auction Sales: In the event that any lot is not sold at the auction, the auctioneer may offer to sell the same immediately after the auction by private sale but otherwise subject to these conditions.

3. Compliance and Updates

This policy is subject to changes and updates to comply with applicable laws and regulations. Sellers will be notified of any significant changes to this policy.

For any questions or concerns regarding this Seller Privacy Policy, please contact our support team at admin@nextgenauctions.com.au