ABOUT PARK VILLAGE AUCTIONS

Overview

Auctioneering is about so much more than just swinging a gavel. It requires an integrated, multi-faceted blend of business, financial and marketing skills as well as experience, all of which Park Village Auctions possesses in abundance.

Backed by years of experience, Park Village Auctions is widely regarded as one of the auction industry's premier auction companies. Since inception, the company has been professionally steered by its directors who, together with their empowerment partners, continuously strive to take the company to the next level.

Over the years we have been active in virtually every sphere of the asset disposal market. We are particularly well known for our car auctions, truck auctions and property auctions and consistently achieve prices which exceed expectations. Our nationwide footprint also gives us and our clients the upper hand.

Our Vision

We have retained our leading position by raising the bar across every aspect of our business and aim to continue setting the pace in the auction industry for many years to come.

Empowerment and Credentials

Park Village Auctions has been awarded a Level 2 certificate in terms of the current BBBEE framework. As such, we are able to render a full range of asset management and disposal services to both the public and private sector.

We are also proud members of the Institute of Estate Agents of South Africa (IEASA), the Johannesburg Chamber of Commerce and Industry (JCCI), the National Auctioneers Association (NAA) and the South African Institute of Auctioneers (SAIA).

Our Services

Asset Disposal

  • Passenger and commercial vehicles
  • Property
  • Mining equipment
  • Agricultural assets
  • Collectible motor vehicles
  • Trucks and trailers
  • Loose assets
  • Aircraft
  • Livestock
  • Yellow metal
  • Machinery
  • Boats
  • Construction equipment

Specialised Services

In addition to the ordinary course of business, we can:

  • Provide accurate testimony in defended and undefended matters
  • Provide assessments prior to institutional advice being granted
  • Assist liquidators with inventory valuations and the structuring of special and notarial bonds and asset disposals
  • Provide advice on asset stripping, downsizing and restructuring of inventories and other vital issues

Ancillary Services

Business Rescue

Park Village Auctions has opened a business rescue division which specialises in selling businesses experiencing difficulties.

Asset Storage

Modern, company-owned warehouses in every region enable us to store assets on behalf of financial institutions, trustees, liquidators, logistics entities and government departments.

Pallet Storage

We offer affordable storage solutions to private individuals and companies at our convenient pallet-based storage facilities.

Asset Management & Logistics

Regional warehouses, our own modern fleet and the development of an industry-leading tracking tool named Synergy set us apart.

Private Property Auctions & Sales

Our property division specialises in the valuation and disposal of private properties across the spectrum.

Auction Information

  • Buyers are advised to review the online catalogue and familiarise themselves with the auction terms and conditions before bidding.
  • Vehicles must be inspected carefully before bids are made.
  • If you intend to bid on a vehicle, you must complete bidder registration on the online platform before participating in the auction.
  • A registration fee may be required and must be paid electronically through the auction platform before bidding is enabled.
  • All deposits are refundable if the buyer is unsuccessful.

  • If your bid is successful, the platform will automatically notify you and provide instructions to complete the purchase..
  • This is subject to your bid not being subject to confirmation (STC).
  • No vehicles are released on auction day. Buyers have two days after the auction to arrange change of ownership, payment and collection.
  • A documentation fee is payable upon the execution of a successful bid.
  • Payments may be made via EFT or other approved electronic payment methods as indicated on the auction platform.

Important: All goods are sold voetstoots. The auctioneer is not liable for any errors or inaccuracies in the description or identification of goods.

Key Terms:

  • A buyer making the highest accepted bid shall become the purchaser immediately.
  • The auctioneer's decision on any dispute is final and binding on all buyers.
  • All accounts must be settled immediately after the auction using the approved electronic payment methods provided on the platform.
  • The risk in any goods sold shall pass to the purchaser immediately.
  • The purchaser shall remove the purchased goods at his sole risk and cost.
  • Storage costs are payable if goods are not removed on the day of the sale.