Introducing Junk Mail’s Dynamic New Offering: Online Auctions

We’re proud to announce an exciting new chapter in the Junk Mail Marketplace journey: Online Auctions! As one of South Africa’s most trusted and long-standing buying-and-selling platforms, we’re taking things to the next level by bringing buyers and sellers together in a dynamic new way.

We’re beyond excited about this new offering. It’s not just an additional way to connect, it’s a bold move that sets us apart from the rest. Whether you’re hunting for unbeatable bargains or looking for a powerful new way to sell, Junk Mail Online Auctions opens up a world of opportunities and possibilities.

If you’re unsure about the power of buying and selling through auctions, let’s take a look at the benefits it offers both.

Benefits of Buying via Auction

1. Great Deals and Bargains

Auctions give buyers the chance to purchase items at competitive prices, often below market value, especially if there’s low bidding activity on a particular lot.

2. Transparency and Fairness

The auction process is open and transparent. All bidders have an equal chance, and you can see bids in real time, which helps ensure a fair and honest buying experience.

3. Quick Buying Process

Once the auction closes, the highest bidder secures the item. There are no back-and-forth negotiations and no waiting. It’s a fast and straightforward way to buy.

Benefits of Selling via Auction

1. Speedy Sales

Auctions are time-bound, which means your item gets sold quickly, often within days, without the delays of traditional selling methods.

2. Wide Exposure to Serious Buyers

Your listing is promoted to a targeted audience of ready-to-bid buyers, increasing your chances of a successful sale at a good price.

3. Competitive Bidding Drives Value

When multiple buyers are interested, the bidding process can push up the price, sometimes exceeding your expectations. This maximises your return.

The benefits are undeniable and we hope it leaves you wondering why you haven’t tried your hand at auctions long ago. As with something new, we’re sure you must have questions about what you need to take part in an auction, what the costs involved are, viewing items prior to the auction and more.

We answer that and other frequently asked questions below.

1. I want to take a look at the auction items. Where can I see them?

You will find all our auctions on AuctionBids, a division of Junk Mail Marketplaces. The AuctionBids team consists of knowledgeable, enthusiastic experts whose main purpose is to assist you. You can visit the AuctionBids website right now to take a look at the upcoming auction.

2. I want to take part in an auction. Which documents do I need?

Natural Person

• SA ID document (Foreigner must provide passport)
• Proof of residential address, not older than 3 months (e.g., utility bill)
• Seller to provide an affidavit and marriage certificate if proof of residence is in the spouse's or another person's name.

Company

• CIPC Business Registration Papers
• Proof of Business address of company e.g., utility bill not older than 3 months
• ID document of company Directors
• Confirmation of residential address and contact details of company directors
• Resolution to specify who is authorized to act on behalf of the company
• ID document(s) of person(s) authorized to act on behalf of the company
• Confirmation of residential address and contact details of person(s) acting on behalf of the company
• Confirmation of Company's Shareholding / Share Certificate
• Business Registration Number Certificate (BRNC)
• Close Corporation (CC)

Trust(s)

• Letters of authority signed by the Master of the High Court
• Trust Deed or other Founding document
• Resolution to specify who is authorised to act on behalf of the Trust
• ID document(s) of person(s) acting on behalf of Trust
• Confirmation of residential address and contact details of person(s) acting on behalf of the Trust
• ID documents of all trustees and beneficiaries
• Proof of residential address and contact details of all trustees and beneficiaries
• ID document of the Founder of the Trust
• Proof of residential address and contact details of the Founder of the Trust
• Business Registration Number Certificate (BRNC)

3. Are there any auction costs I need to be aware of?

All hammer prices exclude the following:

• Some auctions will require 15% VAT
• 10% Auctioneering Commission (this might be different per auction)
• Please note that transport is not included. Buyer will have to arrange own transport.

4. Will I need to pay a deposit?

This depends on the type of auction. If a deposit is required, it will be clearly stated in the auction details. Some auctions may not require a deposit at all. If no bids are successful, your deposit is fully refundable, either within 48 hours or as soon as your funds have cleared in our account.

5. What is a reserve price?

The reserve price is the minimum amount the seller has authorised the auctioneer to accept for the asset. Any bids below this price must be approved by the seller before the sale can proceed. Reserve prices are kept confidential and are not disclosed to potential buyers, as assets may occasionally be sold for less than the set reserve.

6. If I’m the successful bidder, when will I have to pay?

Congratulations on your new purchase. As soon as you receive the invoice, you can make payment.

7. What does VOETSTOOTS mean?

It means the items are sold or purchased ‘as is’, without any guarantees or warranties, and entirely at the buyer’s risk. The seller does not take responsibility for the condition, functionality, or future performance of the item. Buyers are encouraged to thoroughly inspect the asset or request available condition reports before placing a bid to ensure they are well informed on the item’s condition.

8. I want to see the auction items before the auction. Will it be possible?

Yes, items can be viewed before the auction date, but only on scheduled viewing dates listed in the auction details. Unfortunately, no viewings are allowed outside of these specified times.

9. I didn’t buy anything. How long will it take to receive my deposit refund?

If you paid a deposit but didn’t purchase any items during the auction, your refund will be processed within 48 hours after the auction closes. Please note that the exact timing may depend on your bank’s processing time. Refunds are handled promptly to ensure a smooth and transparent experience for all bidders.

10. Where can I see how much an item costs?

It depends on the auction. Some auctions will have an opening bid listed. The opening bid is the minimum amount you can bid on the auction item.

If you have any other questions or queries, our expert auction team will be more than happy to assist you. Get in touch with them today!

Call/WhatsApp: 083 634 1744

Email: info@auctionbids.co.za

Fill in the contact form

Ready to take part in your first auction? The Junk Mail Loose Asset Auction takes place from 3 to 4 June 2025. Click/tap here to get all the details!