FAQ

Where is ABC Auctions

ABC Auctions is currently situated at the following address:
Hatfield House
Seke Road
Graniteside
Harare

What are the contact details of ABC Auctions

P.O. Box         :           P.O. Box 1407, Harare Zimbabwe
 
TEL/FAX         :           751904/6, 751498, 751343, 749688, 749689, 773578 or 773579
 
E-mail             :           info@abcauctions.co.zw
 
Website          :           www.abcauctions.co.zw

As a buyer what are the charges applicable to my auction purchases?

As a buyer on the auction floors, you will be required to pay the following : 

  • The price you bid to on the auction. 
  • If the item you purchased is subject to VAT, you will be required to pay VAT on the item. 
  • A 10% purchases' levy will be charged on all purchases.
  • All purchases' levies are subject to VAT.

As a seller what deductions or charges will I be required to pay?

Should you choose to sell your goods through ABC Auctions, we will deduct our commission plus VAT from the auction sale price to arrive at the amount paid out to you. The commission rates applicable are specific to each division being the Sales Floors, Vehicle Sales and Outside Sales.

What is the Purchases Levy attributable to all auction purchases?

As a buyer on an auction sale, all purchases are subject to a 10% Purchases' Levy over and above the price you bid to on the auction.

What are the commission rates applicable to the Sales Floor?

ABC Auctions reserves the right to change any of the commission charges quoted below. At present however our commission rates applicable to the Sales Floors are as follows: 

AMOUNT EXCL VATPERCENTAGE
US$ 0 - US$1,00017.5%
US$1,001 TO US$2,00015%
US$2,001 - 12.5%

 

What are the commission rates applicable to Outside Sales?

These vary with the type of sale and in these situations we advise that you contact management to map a way forward.

What are the commission rates applicable to Vehicle Sales?

ABC Auctions reserves the right to change any of the commission charges quoted below. At present however the commission rates applicable to Vehicle Sales are: 

 

AMOUNT EXCLUDING VATPERCENTAGE
US$0 - US$4,00012.5%
US$4,001 - US$8,00010%
US$8,001 - US$12,0007.5%
US$12,001 -5%

 

What is the deposit required for each sale?

The deposit required to secure a buyers card varies from sale to sale. In general however the following are applicable:

 

TYPE OF SALEDEPOSIT REQUIRED
Floors SaleUS$200
Yard SaleUS$100
Vehicle SaleUS$2,000
Outside Sale - VehiclesUS$2,000
Outside Sale - OtherUS$500

 

How much does a Vehicle Valuation cost?

At present a vehicle valuation costs US$21,71 excluding VAT.

What is the vehicle entry fee?

At present our entry fee stands at US$20 excluding VAT.

Do I still pay the vehicle valuation fee if I sell my vehicle through ABC Auctions?

If you dispose of your vehicle through ABC Auctions within 30 days from valuation we will refund the valuation fee.

If I sell my vehicle on an auction how long will it take for me to receive payment?

In most cases, our vehicle sales are held on a Friday. In these situations, you can expect to receive your funds, in cash, the Monday immediately following the sale.

How long will it take for my goods to be sold?

The length of time it takes to sell your goods is very much dependent on the nature of the goods. We suggest that you call us at regular intervals to enquire as to whether or not your goods have been sold.

Who do I speak to to find out whether or not my goods have been sold?

Tobias Nyamgure is in charge of all payouts and will be more than happy to assist you with regard to the status of your goods. Tobias can be contacted on 749688 or 751498.

Who do I speak to to find out how much my goods were sold for and when I can collect payment.

Tobias Nyamgure is in charge of payouts and will gladly assist with any queries you may have regarding the amount your goods were sold for and when to collect payment. In general payment can be collected the day after the goods have been sold. Tobias can be contacted on 749688 or 751498.

Are there any storage charges?

Should you make a purchase on an auction you are given 48 hours after payment to collect your items. Should you not collect them within this time frame storage charges of $2 per day per item will accrue.

What does the Transport Fleet comprise of?

Toyota Hilux Pick Ups1 Ton or 3m3  Payload
Mazda B2200 Pony with Trailers1.3 Ton or 9m3 Payload
Toyota Dyna Panel Vans3 Ton or 6m3 Payload
Mazda T3500 Dropsides3.5 Ton or 5m3 Payload
Toyota DA116 Panel Vans7 Ton or 10m3 Payload
Nissan UD95 Dropside with 2 Ton Cranes9 Ton or 15m3 Payload
DAF825 Horse with 2 Ton Crane & 20 Ton Trailers20 Ton or 30m3 Payload

 

How do I contact the Transport Officer?

Godfrey Mwasawi is our trusty Transport Officer and he can be contacted on 751343.

What are the applicable collection fees when utilizing ABC Auction's Transport Fleet?

We reserve the right to change our transport charges however at current, the following rates are applicable to collections within Harare: 

 

Toyota Hilux Pick UpsUS$30 per load (inc VAT)
Mazda B2200 Pony with TrailersUS$30 per load (inc VAT)
Toyota Dyna Panel VansUS$30 per load (inc VAT)
Mazda T3500 DropsidesUS$30 per load (inc VAT)
Toyota DA116 Panel VansUS$36 per load (inc VAT)
Nissan UD95 Dropside with 2 Ton Cranes - without craneUS$36 per loan (inc VAT)
Nissan UD95 Dropside with 2 Ton Cranes - with craneUS$60 per load (inc VAT)
DAF825 with 2 Ton Crane & to Ton TrailersUS$60 per load (inc VAT)

 

How much notice is required when making a booking for collection of goods?

We recommend that when booking a collection, you provide at least 24 hours notice.