Offline Auction Process Details

 

Step 1: Browse Lots Online

Browse the online preview, read the lot catalog and auction rules, and select the lots you are interested in.

 

Step 2: Attend the Auction

Be sure to attend the auction preview on-site to appreciate the lots up close.

(If you need further information about the condition of the lots or have any questions about the auction, you can contact the relevant business manager.)

* Special Note: Our company cannot guarantee the authenticity and/or quality of the auction lots and assumes no liability for defects in the auction lots. Bidders should personally inspect the original items of the lots they intend to bid on before the auction, either through appraisal or other means, to determine the authenticity and/or quality of the lots themselves.

 

Step 3: Choose a Bidding Method

Choose a bidding method: on-site bidding, telephone bidding, or synchronous auction (including real-time bidding and entrusted bidding). In special cases, some special sessions may only be accessible online.

 

On-site Bidding

① Provide relevant documents, sign the bidding agreement, and complete the bidding registration procedures.

The following documents must be provided when completing the on-site bidding registration procedures, and our company has the right to verify the content of the following documents in a manner deemed reasonable by our company:

Individual

(1) Customers holding a generation 2 ID card can register in advance on the official website/mini program, sign the bidding agreement, reserve an on-site bidding number plate, or go to the auction site with valid identification to complete the bidding registration procedures;

(2) Customers holding a passport or other valid identification document should go to the auction site to complete the bidding registration procedures.

When entrusting others to handle the procedures, the authorization letter issued by the principal, a copy of the principal's valid identification document, and the original of the agent's valid identification document should be provided. For first-time participants, the bidding registration procedures must be handled by the bidder in person.

 

Unit

When the legal representative handles the procedures, the legal representative's identity certificate issued by the unit, the original of the legal representative's valid identification document, and a copy of the business license of the unit (with the official seal) should be provided;

When a non-legal representative handles the procedures, the authorization letter issued by the unit, a copy of the legal representative's valid identification document (with the official seal), the original of the agent's valid identification document, and a copy of the business license of the unit (with the official seal) should be provided.

*If the agent fails to provide written proof to our company before the auction and obtain written approval from our company, stating that his/her identity is an agent of a certain bidder, the agent will be deemed to be the bidder himself/herself.

*First-time participants in our company's auctions must handle the bidding registration procedures in person.

② Pay the deposit and collect the bidding number plate.

* Special Note: If you entrust others to pay the deposit or purchase price, you must provide: a copy of the payer's identification document and a Payment Confirmation Form. If the payer is a unit, the aforementioned documents must be stamped with the official seal. Among them, for card payment, the payer must swipe the card in person; for remittance payment, if "On behalf of XX bidder to pay the deposit for XX auction" is noted in the remittance slip's remarks/purpose, then the Payment Confirmation Form is not required.

 

RMB Account Information

Account Name: Zhejiang Derong Auction Co., Ltd.

Account Number: 902030120190002979

Bank: Wenzhou Bank Co., Ltd., Ningbo Jiangbei Branch

 

Telephone Bidding

If the bidder cannot attend the auction in person, they can entrust our company to bid on their behalf by telephone in writing.

1. Please download, print, and fill out the Telephone Bidding Authorization Form. Please fill in your personal information, the catalog number of the lot you intend to bid on, and the name of the work in detail.

• Please be sure to leave your accurate telephone contact information.

• After completing the Telephone Bidding Authorization Form, it must be signed by the bidder himself/herself.

2. Please submit the Telephone Bidding Authorization Form via email/fax or on-site delivery, and attach a copy of the payment voucher for the bidding deposit.

First-time bidders can participate through on-site bidding, entrusted bidding, or synchronous auction, and telephone bidding is not currently supported.

* Special Note: Bidders should carefully read the notes and bidding disclaimer clauses listed in the authorization form before issuing the Telephone Bidding Authorization Form.

 

Synchronous Auction

If the bidder cannot attend the auction in person, they can also use the synchronous auction service through our company's official website/mini program. Our company does not accept written bids; bidders can submit entrusted bids through our company's official website/mini program before the start of the lot's session.

Before the auction of the first 5 lots begins, you can submit your highest bid in advance on the lot page. After the lot starts, the system will automatically bid on your behalf according to the bidding increment.

When the auction of the first 5 lots begins, your entrusted bid for this lot cannot be modified or withdrawn.

 

For details, please refer to the "Synchronous Auction User Guide".

 

Step 4: Bid on Auction Lots

Before participating in the bidding, please read the important statements issued for each session; if the bidding is successful, sign the "Transaction Confirmation Form/Auction Record" on-site.

 

Step 5: Pay the Purchase Price

Take the "Transaction Confirmation Form/Auction Record" to the settlement department to pay the purchase price (hammer price + buyer's commission). Our company currently implements a commission discount plan, and settlements during the discount period will enjoy commission discounts.

* Special Note: If you entrust others to pay the purchase price, you must provide: a copy of the payer's identification document and a Payment Confirmation Form. If the payer is a unit, the aforementioned documents must be stamped with the official seal. Among them, for card payment, the payer must swipe the card in person; for remittance payment, if "On behalf of XX buyer to pay the lot price for XX auction" is noted in the remittance slip's remarks/purpose, then the Payment Confirmation Form is not required.

 

For invoice issuance, please contact the settlement department according to the following rules

① Invoices must be issued in the month of payment;

② The "header" of the invoice must be consistent with the "purchaser's name." To issue a full invoice, the purchaser must pay the full amount of the item;

④ If an individual bids on behalf of a company and requires a company invoice header:

⑴ Full payment must be made via company account.

⑵ Specify the remittance purpose when remitting funds, e.g., Payment for item No. XXX of the XX Auction or Payment for Lot XXX of the XX Auction.

⑶ Provide our company with the original signed "Letter of Authorization" and related documents issued by the unit no later than the settlement month.

 

 

Company Account Information:

Bank Account Name: Zhejiang Derong Auction Co., Ltd.

Bank Account Number: 902030120190002979

Bank: Ningbo Jiangbei Branch, Wincom Bank Co., Ltd.

 

Company Address Information:

Mailing Address: A2045, 2nd Floor, Ningbo Antique City, Haishu District, Ningbo City, Zhejiang Province, Derong Auction (Recipient)

Contact Number: 0574-83897862 (Settlement Department)

 

Step Six: Goods Collection

After settlement, the purchaser must bring the "Collection Slip" and the following documents to the designated location of our company within 30 days of the auction closing date to complete the collection procedures. Our company has the right to verify the content of the following documents in a manner deemed reasonable by our company.

Purchasers can choose the following collection methods:

① Collect the item yourself

(Please present the purchaser's ID card when collecting the goods)

② Entrust someone else to collect the item

(A "Collection Authorization Letter", a copy of the purchaser's ID card, and the original ID card of the agent must be provided, and telephone verification with the purchaser is required. Please refer to the Derong official website - Downloads for relevant documents.)

③ Entrust Derong to handle item transportation

(Our company may recommend packaging and transportation companies to the purchaser depending on the situation. The purchaser needs to choose and bear the costs of packaging, handling, and insurance, and the purchaser shall bear the relevant risks and responsibilities. If transportation is required, please call the customer service hotline: 0574-83897862.)

 

If the purchaser is a unit, the following procedures must be provided:

When the legal representative handles the procedures, the legal representative's identity certificate issued by the unit, the original of the legal representative's valid identification document, and a copy of the business license of the unit (with the official seal) should be provided;

When a non-legal representative handles the procedures, the authorization letter issued by the unit, a copy of the legal representative's valid identification document (with the official seal), the original of the agent's valid identification document, and a copy of the business license of the unit (with the official seal) should be provided.

 

After the auction, the collection location is the company's registered address:

Zhejiang Derong Auction Co., Ltd.
 

Collection Time:

Weekdays 09:30-12:00, 14:00-17:00

Collection Location: A2045, 2nd Floor, Ningbo Antique City, Haishu District, Ningbo City, Zhejiang Province, Derong Auction

Collection Process: Go to the Derong Auction Settlement Center to collect the collection slip, then go to the warehouse to collect the goods.