Latest update: Monday, March 30th 2009

Physical Auctions

Seller Auction Fees

a.Fees: Seller auction fees for items sold at a physical auction are based on annual turnover with a calendar year. The seller fees are:

1. 0 - 200.000 DKK:            15 %
2. 200.001 - 400.000 DKK:  10 %
3. 400.001 -                        5 %

However: the minimum seller fee is 50 DKK/lot (pls. see below). All amounts are exclusive of VAT. If you are the highest bidder on your own lots you pay seller fees only.

b. Cheque and seller account bill will usually be sent to you within 8 working days after the auction. If you inform us of your bank account no. we will transfer to your account.

Bidding on your own lots

c. If you bid on your lots you will pay seller fees only with a minimum of 50 DKK/lot.

d. If you are also bidding on other lots at an auction the invoice amount cannot be offset against the seller account bill.

Type of items / refusals

e. DAM will focus on type of goods that are primarily sold to professional users or dealers. Items that do not match this profile may be refused.

f. DAM reserves the right to refuse to sell goods that are considered in poor condition. Defective goods may not be delivered to the auction without prior agreement with DAM. If a seller knows of any defects in a particular item DAM must be informed.

g. DAM reserves the right to cancel a physical auction transaction if after the auction we are able to conclude that the lot is not what a bidder in good faith may assume it is based on seller description. In that case a seller fee will not be paid. Seller must take back the item and bear the cost of transportation. DAM has the sole right to assess if the grounds for cancelling an auction transaction are met.

h. DAM will set up the auction and combine seller one or more seller items into one lot as we see fit.

Deadlines for handing in items for sale

i. Items can be handed in when delivery of good from the previous auction has finished. Information of this can be found on our website.

j. We accept receiving items for sale in the order of delivery to us. Deadlines + stop receiving of goods for a particular auction will also be published on our website.

k. Handing in of items for sale can only be done upon prior agreement with us. You may call us in advance: Stoholm: +45 97 54 24 11. The goods must have an accompany note describing the items and the seller (name, address, telephone no, possible VAT no and contact name). If the VAT has no data seller will considered a private seller. The items are described and numbered. The items must be supplied with a tag with a number corresponding to the list and possible a stamp with seller data. The list is particularly important if a sales item considering of more than piece of equipment is handed in. You may report directly on our website or use our "Machine registration form" which can be downloaded from our site. If further documentation is required you may add this to the machine registration form and/or at the sales item.