Terms & Conditions

What commissions are buyers and sellers liable to pay?

  1. Buyer’s Commission: 15% (+ VAT) for lots selling for, or below, R10 000 (Hammer Price). Thereafter, 12 % (+ VAT).
  2. Seller’s Commission: 15% (+ VAT).

What is your insurance status?

  1. Omni shall be liable for insurance of consigned goods to the value of the low estimate.
  2. Buyers and Sellers will be responsible for transit related insurance.

How is transportation handled?

  1. All clients shall be responsible for their own transport requirements.
  2. Buyers and Sellers will be responsible for transit related insurance.
  3. All collections of auction purchases are to occur within three days after the sale. Non-payers will be charged a penalty fee. Non-collectors will be charged storage fees.

How do I pay for my auction purchases?

  1. Accepted payment methods:
    Credit/debit card – Visa and MasterCard only.
    EFT – PAYABLE TO Omniart Pty Ltd, FNB Newlands Branch,
    A/C 6267 357 2246
    Cash (limited to R5000 per invoice).
    No cheques accepted.
  2. A 3% bank charge will be added onto the buyer’s commission for all card payments.
  3. All payments are to occur within three days after the sale. Non-payers will be charged a penalty fee.
  4. 1,5% of the total invoice value will be billed to the buyer for bank charges of cash deposits over R5000.
  5. Foreign payments are calculated at Prime Rate, in South African Rands, at the moment of payment.
  6. Proof of Payments must be presented upon collection of purchases.
  7. International clients – VAT is non-refundable as this is levied on the auction service, not the product.

How do I proceed if I cannot attend the auction?

  1. Telephone bids may be placed for items valued at R2000 (low estimate) or above.
  2. A commission bid may be placed at the maximum amount you wish to bid for a specific item.
  3. Placing an absentee bid is a legally binding contract. Reneging will result in possible blacklisting.

General buyers terms and conditions

  1. All items are sold “As is” and condition reports may be requested in writing.
  2. Opinions and condition reports are given to the best of our knowledge; however, we do recommend that you consult a professional restorer for more accurate reporting.
  3. In the event of a proven forgery, returns must be made within 30 days of the sale date and only upon presentation of a formal condition report.
  4. For ivory and endangered species artefacts, it is the buyer’s responsibility to arrange the necessary cites, permits and documentation for export/import.

General sellers terms and conditions

  1. Sellers will be paid out after 30 working days provided the buyer has paid for his/her purchase.
  2. Withdrawal fees – will be charged at the sum of the buyers and sellers commission rate. Sellers may withdraw up to 48hrs prior to the auction and in writing.
  3. EFT payments will not be made for credit notes less than R1000. Funds will be held until all sales amount to R1000 or more. Alternatively, cash can be collected by the seller in person.
  4. By entering into the seller’s contract, the consignee acknowledges that they are the rightful owner of the property to be consigned.

General conditions of sale

  1. Confidentiality – buyers and sellers information may not be released.
  2. Omni will not be held liable for any errors made in the catalogue.
  3. Sale dates and cancellations or re-scheduling of sales is solely at the discretion of Omni and its employees.
  4. Items not collected within a month of the auction shall be re-auctioned in order to cover operational costs.

General terms of business

  1. Omni will not be responsible for any personal injury nor damages to property. Right of admission reserved.
  2. Imagery on the website is reserved for Omni operational use and cannot be distributed or used for any other purposes.
  3. The official business address is 9 Hemlock Street, Newlands, 7700. However, Omni reserves the right to hold auctions in alternate locations if desired.