Mazad Yaghi

Mazad

Auction Terms and Conditions

Please read these terms and conditions carefully before registering or participating in the auction.

Participation Requirement

$100 Participation Deposit

Required before participating in the auction.

$100
01

Registration

Any person may register and participate in the auction after presenting a valid personal identification document and providing their required information.

02

Participation Deposit

Each bidder must pay a $100 deposit to participate before the auction begins.

  • The deposit will be fully refunded to any bidder who does not win any item, according to the refund procedure approved by the auction management.
  • If the bidder wins one or more items, the deposit will be deducted from the total amount due.
  • If a bidder wins an item but refuses to pay for or collect their purchases, the auction management reserves the right to retain the deposit in accordance with the announced terms and conditions.
03

Auction Without a Minimum Price

All items offered for sale at the auction will be sold to the highest bidder. There is no reserve price or minimum price unless otherwise clearly stated before the item is offered for bidding.

04

Inspection

Bidders are responsible for inspecting items before placing a bid and verifying their condition and specifications. Placing a bid constitutes acceptance to purchase the item in its inspected condition.

05

Binding Bids

Once the auctioneer declares the bidding closed and awards the item to the highest bidder, the bid becomes binding and the buyer may not withdraw from the purchase.

06

Bidder Errors

Bidders are responsible for ensuring the accuracy of the amount they bid before submitting it. Any bid recorded and accepted by the auctioneer is binding unless the auctioneer immediately decides to cancel it due to an obvious error.

07

Auctioneer's Decision

The auctioneer's decision regarding the winning bidder and the awarding of an item is final. The auctioneer reserves the right to reopen bidding in the event of an obvious error or dispute during the bidding process.

08

Payment

The full amount for all purchases must be paid within the period specified by the auction management and using the payment method announced before the auction begins.

09

Collection of Items

No item will be released or handed over until its full value has been paid.

10

Failure to Pay

If a bidder fails to pay for the items they have won within the specified deadline, the auction management reserves the right to cancel the sale and take the actions provided for in the auction terms and conditions, including using the participation deposit in accordance with the announced terms.

11

Bidding on Behalf of Another Person

No person may bid on behalf of another person without registration and approval from the auction management.

12

Transparency and Fair Bidding

Bidders are prohibited from making agreements with other bidders to manipulate prices or bidding. The auction management reserves the right to cancel the participation of any person found to have engaged in such conduct.

13

Fees

If any commission or additional fees are charged to the buyer, they must be clearly announced before the auction begins.

14

Acceptance of Terms

By registering and participating in the auction, the bidder acknowledges that they have read, understood, and agreed to all the auction terms and conditions.

Important

Participation means acceptance

By registering and participating in the auction, you confirm that you have read, understood, and agreed to these auction terms and conditions.