For sellers
List an asset to verified bidders
Machinery, industrial equipment, land, warehousing, commercial property, containers, surplus inventory and stalled projects. Every bidder has verified their identity and, where the auction asks for one, paid a deposit before they can bid on your lot.
What you get
Bidders who have already qualified
Every bidder is verified and committed
A bidder needs verified KYC, and a verified earnest money deposit where the auction asks for one, before they can bid. You deal only with buyers who have qualified.
Your reserve stays confidential
The reserve is never disclosed to bidders, only whether it has been met. If it is not met, the lot does not sell.
Clear, itemised fees
Standard fees are a 2% commission and a 1% success fee on the winning bid, plus GST. Your listing shows the exact rates before you submit, and every invoice line shows the rate applied.
Procedure
Consignment to settlement
- 01
Onboarding and accreditation
Completion of know-your-customer verification and enrolment under an applicable seller membership.
- 02
Consignment particulars
Submission of the asset’s description, situs, specifications, photographic record and supporting documentation, held in draft until formally submitted.
- 03
Due-diligence review
Examination by DeltaGuard of the consignment and its documentation against each applicable verification criterion.
- 04
Terms of sale
Proposal of the opening price, reserve, bid increment and auction schedule. The earnest money deposit is determined by DeltaGuard.
- 05
Admission to auction
Remittance of the Validation Fee, refundable upon completion of the sale. Subject to DeltaGuard’s approval, the auction commences at the scheduled time.
- 06
Settlement
Upon receipt of the purchase consideration and the buyer’s acceptance of handover, the sale price, net of applicable fees, is remitted to the seller’s nominated bank account.
Before you list
You will be asked to evidence ownership or authority to sell. Listings are reviewed before publication, and one that cannot be substantiated will not be approved. That is what makes the marketplace worth bidding in.
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