Services

How To Buy

Welcome to our Bid office! Please note the following points in order to become one of our Bidders.

Registration

When you register to bid in an auction, you must fill in the Bidding Registration Form, provide the relevant identity document, and pay a deposit in order to handle the registration formalities.

Individuals

Identity document with photo issued by the government (such as resident identity card or passport) and proof of current address (if the current address is not shown in the identity document), e.g. utility bill or bank statement.

Corporate clients

A certificate of incorporation and proof of shareholding.

Agent

Identity document of the agent, identity document of the bidding person/company that the agent represents, original signed authorization letter from that person/company. Please note that Poly Auction (Hong Kong) does not accept payment from a third party and this also applies to agent. If you participate in the bidding on behalf of others, Poly Auction (Hong Kong) only accepts the payment of the principal Bidder.

Auction Deposit

When a Bidder participates in an auction of Poly Auction (Hong Kong), Bidder shall first pay the auction deposit before collecting the paddle. The amount of the auction deposit will be announced by Poly Auction (Hong Kong) before the Auction Date. If the Bidder fails to buy the Lot and he does not owe Poly Auction (Hong Kong) any sum, then that auction deposit shall be returned to the Bidder in full without interest within 14 working days after the end of the auction. If the Bidder succeeds in buying a Lot, the auction deposit shall automatically be converted to the payment of the Purchase Price of the Lot.

Bidding In the Saleroom

If the Bidder succeeds in bidding registration, Bidder can collect the paddle with their valid ID document before the auction begins.

Download the Bidding Registration Form

Telephone Bidding

Buyers may bid by telephone during the course of the auction. Telephone bidding must be arranged in advance of the sale date by submitting the duly filled and signed absentee bid registration form, based on ID document. The absentee bid registration form must be sent to the customer service department at least 3 business days before the Auction Day. Please indicate clearly the instant communication methods and instruments that you can be contacted during the auction period.

All telephone bids may be recorded. By opting for telephone bids, the Bidder agrees that its phone conversation will be recorded.

Download the Absentee Bid Registration Form

Absentee Bids

Bidding will be conducted at the lowest possible price. If appropriate, your absentee bids will be roughly adjusted to the bidding increment of the auctioneer as close as possible. If Poly Auction (Hong Kong) receives two or more absentee bids at the same bidding price, then that property will belong to the Bidder whose absentee bid reaches Poly Auction (Hong Kong) first.

Telephone bidding must be arranged in advance of the sale date by submitting the duly filled and signed absentee bid registration form and ID document. The absentee bid registration must be sent to the customer service department at least 3 business days before the Auction Day.

Download the Absentee Bid Registration Form

Payment

In addition to the Hammer Price, the Buyer agrees to pay the applicable Buyer's Premium in respect of such Hammer Price. Payment must be made within 7 calendar days (including the day of Sale) from the day of sale.

NEW BUYER’S PREMIUM RATES

18% of the hammer price of each lot for all categories. These new buyer's premium rates override the previously published buyer premium rate.

Poly Auction (Hong Kong) accepts the following types of payment*:

Telegraphic Transfer

Credit Card / Unionpay Card

Cheque

Cash

*Please refer to the Important Notice About Payment in our Catalogue for more detail
**Please note that Poly Auction (Hong Kong) does not accept payment from third parties

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