Basic Auction FAQs
Need answers? Find them here...An Auction is a service that offers buying or selling items through bidding, live auction or online auction. The highest bid wins the item.
You determine the price of the item you purchase, unlike retail where there is a fixed price tag for all merchandise.
HMR Auctions conducts weekly auctions at three auction centres. Click here to see the exact locations. On-site auctions and sealed biddings are announced by email, mobile and telemarketing communication channels and published in recognized national newspapers. Register and pay the refundable bid deposit. You will then collect your bid number which should be raised when you agree with the bid request of the auctioneer. The auctioneer will call your number out if you are the first bid number that he spots. When there are no more bids the last (highest) bidder is declared the winner by the auctioneer.
Auction is the quickest way to turn possessions or inventory into cash. Sellers are also assured that they will get the fair market value for their goods. Auction also provides an aggressive, advanced marketing program that increases buyers’ interest.
Simply sign up to receive our newsletters. Choose the category of items you are interested in and we will be sure to inform you of when our Auctions are and the items we will have up for bids.
Yes, all bidders who wish to participate in any HMR auction or bidding are encouraged to inspect the items on the advertised dates for viewing or the day before the auction.
Item Status Definition
General Merchandise
New
- New, unused, unopened, undamaged item in its original packaging (where packaging is applicable). In-tact retail package, unless the item was packaged by the manufacturer in non-retail packaging, such as an unprinted box or plastic bag.
Like New
- Unused item with absolutely no signs of wear. The item may be missing the original packaging, or in the original packaging but not sealed. The item may be a factory second or a new, unused item with defects.
Used - Functional
- The item that has been used previously. The item may have some signs of cosmetic wear, but is fully operational and functions as intended. This item may be a floor model or store return that has been used.
Used - Non Functional
- The item that has been used previously. The item may have some signs of cosmetic wear. This item may have been a floor model or store return that has been used.
Repaired
- Repaired by a technician.
Checked Assets
- Item has been tested/checked and found one or all of the following remarks:
- Working but with obvious defect on its parts and/or accessories
- Working but with minimal defect that can be repair
- Working but incomplete parts and accessories
- Partially Working but incomplete parts and accessories that may effect its ability to operate correctly.
- This item does show noticeable wear, it may have marks, scratches, cracks, small nicks, or dings.
- May have function defects, obvious physical defects, missing manuals and accessories may have no Packaging.
- Any findings as declared on the extended description.
Salvage and/or for part-out
- An item that does not function as intended and is not fully operational. This includes items that are defective in ways that render them difficult to use, items that require service or repair, or items missing essential components.
Plant Equipment and Machinery (PEM)
Unused
- Has never been used (less than 20 hours/1,500 km).
Excellent
- Limited use; probably shows some evidence of handling and use, but in practically new mechanical condition.
Very Good
- In exceptionally good mechanical condition; may have been over hauled or may never have been used enough to require overhaul.
Good
– no known mechanical defects, except as detailed in the Additional Notes field; in operating condition, but may have some worn parts that will need repair or replacement soon.
Fair
- Has seen considerable service and may require general overhaul soon; may be old or may have suffered hard use.
Poor
- Has seen hard service; is worn and needs repair.
Automotive
Run & Drive
- Body and Paint condition, Interior is clean and tires are in good condition.
Run & Drive
- Body and Paint Condition has scratches but reapairable. Interior fabric/leather and tires are of normal wear and tear.
Running
– Body and paint has dents and scratches but repairable. The interior fabric/leather needs reconditioning. Tires are of normal wear and tear.
AS IS
– Body and paint has dents and scratches but repairable or panels need replacement. The interior fabric/leather needs major reconditioning. Tires are worn out.
AS IS; Part Out
– Body and paint has major dents and scratches or panels need replacement. The interior fabric/leather needs replacement. Tires needs replacements.