Bidder
Every Bidder shall, based on his/her identity card or passport, obtain a bidding number beforehand before making any bid at the auction.
Deposit
All Bidders shall obtain a Bidding Number Tag at least 30 minutes before auctions starts by presenting his/her ID card or valid passport and place a deposit of HK$50,000.00 (accept cash or remit only). If the bidder finishes the auction without any successful bid, the deposit will be returned immediately after the auction. If the bidder had successful bids, the deposit shall be applied to the settlement of the account. Any balance shall be returned when the Buyer collects the Lot(s). Should the Buyer fail to settle the account as required, the deposit will be forfeited.
Absentee Bid
Commission Bid Agreement (Form Download)
Prospective bidders are advised to attend the auction in person. If the bidder is unable to do so, he/she can also commission Tsi Ku Chai Auct to act as their agent in written or telephone form of bidding.
Absentee bid process and the deposit
Prospective bidders shall authorize Tsi Ku Chai Auct to act as their agent by submitting the Commission Bid Agreement at least 24 hours before the auction day, and shall pay Tsi Ku Chai Auct a deposit in accordance with the total bid price:
-Total bid at HK$50,000.00 or below deposit at 100%
-Total bid at HK$50,001.00- 200,000.00 deposit at HK$50,000.00
-Total bid at HK$200,001.00 or above deposit at 30%
Absentee bid cancellation
If prospective bidders would like to cancel the commission, he/she shall notify Tsi Ku Chai Auct in written form no less than 24 hours before the auction day.
Successful bid
The result of the bid will be sent by SMS or post after the auction.
Disclaimer of absentee bid
Tsi Ku Chai Auct offer absentee bid service for the sake of convenience of prospective bidders. Tsi Ku Chai Auct and its staff accept no responsibility for any fault, neglect or loss of bidding opportunity in the process of absentee bid. If we receive more than one absentee bid with same bid price for a particular lot, it will be sold to the person whose absentee bid we received first.
We reserve the rights to determine whether to accept the absentee bid or not.
Deposite account
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AUCTION BID INCREMENT
| Amount (HK$) | Increment (HK$) |
| 1,500 - 5,000 | 500 |
| 5,000 - 10,000 | 1,000 |
| 10,000 - 100,000 | 2,000 -> 5,000 -> 8,000 |
| 100,000 - 200,000 | 10,000 |
| 200,000 - 1,000,000 | 20,000 -> 50,000 -> 80,000 |
| Above 1,000,000 | 100,000 |
Notice: The auctioneer is authorized to alter the bidding increments when necessary