A simple, easy, step by step method to buy and sell your assets online. Bid with confidence, sell with clarity and know your bids are tracked and stored through advanced software to protect you at all times.

When you click on the item on the summary page of assets listed, you will be asked to register.
Don't forget Law requires you to be FICA'd. This will be asked for when you register and we will follow up to assist you. It's simple, mail us your ID and Utility Bill!
Once you register you are free to surf the site and review all information available.
Once you are comfortable navigating the site and know which items interest you, click on the Documents tab and Map to see where the asset is and when there are viewing days
If you are still unsure on any aspects, simply contact Ariella Kuper on Ariella@clearasset.co.za or office 021 418 2630 and we will call you promptly to assist
Clear Asset requires a refundable deposit of R20,000 before you can place a bid on any asset. Once you complete your FICA registration we will provide you with a buyer reference number. Please use this when making payment into our trust account and e-mail the proof of payment to nolo@clearasset.co.za

Once you have registered, submitted your FICA documents and paid a refundable registration deposit into our Standard bank Trust account (by EFT or Credit Card), you will be able to bid. You will receive an email confirming your approval and access to bid on the site.

Type in the web reference number in the space provided at the bottom of the page. This web ref number is found on the advert or mailer you received.
Alternatively, search under Make, Province or Type

Our stock comes from listed mines, financial institutions and similar sources. Wherever the asset is listed, it will state the name of the Seller. Our team has inspected the assets before loading onto the auction site and we have endeavored to advise you of all key features as you click onto each asset on the website. To access these specs and supporting information, please ensure you have registered.

Please review our detailed inspection reports thoroughly before you place your bid.

Bidding is simple - there are set increments on each asset and you place your bid either manually or through Auto Bid.

Auto Bid is a system that will automatically bid per increment up to your maximum amount submitted against any other bids received. Should there be no additional bids, it will automatically stop at the highest amount required to secure the item for you. You are able to bid from the minute stock is loaded, up until the closing time on the final day of the auction. A clock will advise you at all times of the countdown to closing.

If there is bid activity in the last 5 minutes of the auction, the clock will automatically extend by an additional 10 minutes for that asset until all bid activity stops - subject to a maximum extension of 90 minutes. This is to ensure fair bidding, accommodate newer or slower bidders or those with weaker bandwidth.

We also offer a Bid Basket where you can tag assets that you are interested in and then view them in one convenient location. This is to make your bidding experience easy and quick to place bids on, rather than navigating all items to find the ones you want and wasting precious time! Remember to make use of your Bid Basket for ease of bidding in the final minutes!

Reserve / No Reserve

No Reserve - These auctions have a starting bid of zero and the asset is sold to the highest bona fide bidder.

With Reserve – Sellers set a minimum price they are prepared to take for an asset. When the reserve price is reached the bidder owns the asset. If the reserve price is NOT met the HIGHEST bidder has a right to submit their maximum bid to the seller which the seller has 48 hours to accept or reject. The purchaser’s offer shall remain open for acceptance by the seller or by the Auctioneer on behalf of the seller, until expiry of the confirmation period.

Should you use our Autobid feature, our system will automatically bid on your behalf in the smallest increment possible to keep you in the lead, up to your maximum amount.

Automatic Extension

If there is bid activity in the last 5 minutes of the auction, the clock will automatically extend by an additional 10 minutes for that asset until all bid activity stops. This is to ensure fair bidding, accommodate newer or slower bidders or those with weaker bandwidth.

We also offer a Bid Basket where you can tag assets that you are interested in and then view them in one convenient location. This is to make your bidding experience easy and quick to place bids on, rather than navigating all items to find the ones you want and wasting precious time! Remember to make use of your Bid Basket for ease of bidding in the final minutes!

Bid Increments

  • < R5000
: R 500
  • > R5001 – R 10 000
: R 750
  • R10 000 – R 20 000
: R 1000
  • R 21 000 – R 50 000
: R 2500
  • R 50 000 – R 99 999
: R 5000
  • R 100 000 – R 349 999
: R 10 000
  • R 350 000 – R 599 999
: R 15 000
  • R 600 000 > R 999 999
: R 25 000
  • > R 1 000 000
: R 50 000
  • > R 1 999 999
: R 75 000

 

Payment is required upon receipt of invoice, which we will send to you on confirmation from the Seller.
Payment can be made by EFT or credit card and must be effected immediately on confirmation.
Dispatch of assets will be permitted once funds have cleared and will require a proof of payment document from Clear Asset.

Feel free to contact us for any additional guidance or assistance!