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About Commission and Penalties
A commission of 3% on the winning bid
Penalty is \ 2000 per lot.
Consumption Tax
Successful sellers will pay a commission 3% on the value of the
bid to the association, and Y2,000 per lot on member of each individual
unsuccessful lot.
Delivery of Items
After closure of the auction, all merchandise sold to the buyers
must be paid for in full by the due date and delivery of all lots
at the same time.
Payment must be made by not more than 2 days after closure of
the auction, and if the payment for a lot is not made by that
date, the sale of that lot may be cancelled by the Association,
who may claim damages from the defaulting buyer.
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