4. Terms Relevant to Sellers
Transferring the Goods to Us for Auctioning
4.1 Once you have registered with us, please contact us at info@themaltsocial.com.au or by calling 0409 919 977 to discuss putting your Goods up for auction. You must deliver the Goods to us by a certain date which we shall communicate to you or in certain cases, we may arrange for a collection of the Goods. A pick-up charge shall be payable for our collection service. Please see www.themaltsocial.com.au for further information.
4.2 Where we have offered a collection service and provided transport, we do so on the basis that we will not be responsible for any damage or loss during transportation. The seller must ensure that they have insurance in place to cover any damage to, or loss of, Goods during transportation from the seller’s premises to our premises.
Authentication of Goods
4.3 Once we have your Goods in our possession, we will review the quality and the condition of the Goods and shall thereafter send you a confirmatory email confirming whether or not we agree to put your Goods up for auction. . For the avoidance of doubt, it is our decision whether to add your Goods to our auctions and in the event we do not wish to auction your Goods, then these will be returned to you at your cost or you may pick these up from our premises (in which case the terms of section 5.10 below shall apply) as if you were a buyer of the Goods. The seller must ensure that they have insurance in place to cover any damage to, or loss of, Goods during transportation from our premises to the seller’s premises and the Goods shall be at the Seller’s risk. Where we agree to put your Goods up for auction, we shall confirm the anticipated auction date as well as other relevant information. The contract between us is deemed to be concluded once we send you the confirmatory email.
4.4 We reserve the right to divide any lot, combine any two or more lots or where required, remove any lots from the auction.
4.5 Sellers shall ensure that all information submitted with the Goods they wish to sell is accurate and truthful. Notwithstanding the foregoing, The Malt Social reserves the right to prepare and word any listing as they deem appropriate. Any inaccurate information provided by the seller relating to the Goods may result in a buyer rejecting the Goods, in which case the seller agrees to be responsible for any costs associated with any rejection and shall pay such sums reasonably incurred by us in handling such rejection including costs incurred in the buyer returning the rejected Goods to us.
4.6 If there is any doubt as to the authenticity of an item, it will not be offered for auction. In the event of a dispute arising over the provenance or authenticity of any bottle, if it cannot be proved to be genuine; it will be returned to the seller. If we consider an item to be counterfeit or illegitimate to that described by the seller, The Malt Social reserves the right to reject and dispose of such an item. A reasonable charge will be made for the appropriate removal and destruction of any counterfeit or illegitimate items. In the event that a buyer raises a reasonable concern after receiving Goods that they are not genuine or are the subject of an ownership claim by a third party, we reserve the right to provide your name, address and contact details to either or both of the buyer and the relevant police authorities so that the issue may be resolved.
4.7 The Malt Social reserves the right to ban any seller from future use of the website and/or our services, where it is considered that the seller has attempted to sell non–authentic or stolen items.
Prohibited Bidding
4.8 Sellers are strictly forbidden to bid on their own Goods and/or have relatives or friends artificially increase the value of the Goods. This activity is prohibited and if discovered, this may result in us terminating your contract with immediate effect by serving you an email. Should we exercise our right to cancel our contract with you, we shall return your Goods to you at your cost (and the seller must ensure that they have insurance in place to cover any damage to, or loss of, Goods during transportation from our premises to the seller’s premises). Alternatively you may pick up the Goods from our premises. We also reserve the right to retain any monies paid to us for listing fees and charge you a further administration charge of $50 per lot.
When we hold your Goods in our Premises
4.9 Items which are provided to The Malt Social are stored in our facilities. The Malt Social accepts no responsibility, to the maximum extent allowed by law, for the safe storage or preservation of any items whilst in its temporary custody for the purposes of auction or shipping. Sellers should have appropriate insurance in place for storage of items.
Costs and Commission for Selling your Goods via Auction
4.10 – A $15 admin fee is payable at time of listing an item on auction. The $15 will only be charged if the bottle is accepted for Auction and Lot No is provided provided.
– A Seller Reserve Fee of $10 per bottle is payable at time of listing a bottle if they choose to have a reserve on the bottle. If the reserve is not met the bottle will be listed again at the next auction at no fee. All reserves will be approved by The Malt Social and deemed to be reasonable market value. We also reserve the right from setting a reserve if we believe the value is over inflated.
– On completion of the auction, our commission is set at 5% of the final purchase price
4.11 GST is applicable on all fees and surcharges, and will be charged in addition to the amounts above.
Payment to Sellers
4.12 We will not process your payments until the buyer has paid us all sums due in relation to the purchase of the Goods, has received their Goods and have not exercised their rights to cancel the purchase under section 6.4 and 6.5 of these terms, after which we shall remit monies due to you as soon as reasonably practicable. In most cases, payment would be remitted to you within thirty (7) days of the buyer receiving the Goods.
4.13 At the time of your Registration, we will ask you to confirm whether you are selling in the course of a business. If you confirm that you are selling in the course of a business, or we come to believe that you are doing so, then different rules may apply as to GST on the Goods you sell, and we reserve the right to request further information from you in this regard and also to apply different conditions to the proceeds of sale of your Goods in order to allow us to comply with the relevant rules we are subject to.