What is an official auction?
An official auction is a public sale of used or new assets to the highest bidder.
It is performed by a sworn auctioneer registered in the State's Board of Commerce.
We currently offer 2 types of auction:
- Official online auction:
Auctions take place on date and venue previously announced and follow the terms
and conditions established by law. Bids are placed by proponents who are on site
voicing their bids, or by clients registered on the website who have either programmed
their bids or are following the auction online through the internet. This offers
transparency as well as complete, real time interactivity between on-site and online
- Official on-site auction
Auctions take place on date and venue previously announced and follow the terms
and conditions established by law. Bids are placed exclusively by proponents who
are on site voicing their bids.
How do I participate in official auctions?
Any person or company can participate in an auction as long as they have the legal
ability for such. For online and on-site auctions, proponents can participate by
either visiting the auction venue or following the auction through the internet.
Regular official auctions require the presence of the bidder.
To participate online, you need to register previously and wait for your access
to the system to be granted. Click on the REGISTER link located on the menu to begin
your registration process.
Here's how the auction works: the assets being auctioned are announced in the media,
and on the day of the event they are auctioned in a public session. The winner is
the bidder with the highest bid, provided that the bid is higher than the minimum
amount established by the seller.
The listings that remain unsold until the end of the auction can be displayed in
the OPPORTUNITIES section of this website and will be available for interested buyers.
The 10 Commandments of online auctions
1) The listings will receive bids from the internet and from bidders on-site simultaneously.
2) No listing can be sold, at any time, before 3 minutes without receiving any new
bids from online bidders.
3) A new bid placed during the 3 minutes remaining for the end of the auction, regardless
if it's online or on-site, will extend the end of the auction for another 3 minutes.
4) The highest on-site bid received by the auctioneer will be the winner if it's
not superseded by an online bidder and if the bid is above the minimum price established
by the seller.
5) The highest online bid will be the winner if it's not superseded by an on-site
bidder and if the bid is above the minimum price established by the seller.
6) The highest on-site bidder who's outbid by an online bidder will always have
the priority to place a new bid.
7) In the lack of manifestation or upon refusal from this on-site bidder to raise
the bid, than the other interested bidders will be allowed to bid.
8) When the highest offer does not achieve the reserve (minimum) price, the listing
will not be sold or it will be sold conditionally, in which case the offer will
be later analyzed by the seller.
9) The listing will be accepting bids as long as there are interested clients both
on-site and online, or more than one online bidder placing bids, adding another
3 minutes upon every new bid.
10) A bid is only valid when it's accepted by the system; bids must also be equal
or higher than the amount of the current bid plus the listing increment.
Tips for safe bidding
Before bidding on an item, we advise you to previously inspect it so to clear any
questions you may have and to avoid eventual issues. The auctioneer sells items
"as is" and does not accept after-purchase complaints to this regard.
How can I place my bid?
According to the type of auction, you can either place your bid in person during
the auction or through the internet, following the auction in real time and placing
your bids simultaneously with on-site bidders.
You can also program your bids or set a range to your offer before the auction,
avoiding eventual system access difficulties during the auction.
Our clients also have the possibility of buying unsold items after the auction by
visiting the OPPORTUNITIES section or contacting our sales staff on +55 11 5575-9555.
Why are auctions a good deal?
Auctions are currently the best way to trade used or new assets - both for buyer
and seller. For sellers, auctions allow potential buyers to compete for an asset,
ensuring the best price is achieved for their product - not to mention the immediate
availability of capital and reliability of the transaction, which is mediated by
an experienced, trusted professional. For buyers, the advantage is in the variety
of the offers and the low price of acquisition in comparison to the prices on the
Frequently asked questions (FAQ):
- Can I withdraw my bid?
- No. By bidding, you are committing to pay for the item (promise to buy). If the
bid is withdrawn, the bidder will be liable for the dissolution of the deal and
is subject to penalties in the commercial and legal spheres.
- What is a conditional bid?
- If the auction ends without reaching the minimum price established by the seller,
the auctioneer is not authorized to sell the item as mandated by the auction permission
terms. In this case the auctioneer can, under his own discretion, accept the highest
bid as a conditional bid, which means it will be analyzed by the seller, who can
accept the bid or make a counter offer, increasing the chances of closing the deal
and benefitting all parties involved.
- What are the figures shown on the bid screen?
- The amounts displayed on the bid window are: (1) initially just a referential
for the start of the auction; (2) When the first bid is placed, the amount shown
is the current bid followed by the bidder's identification. It's important to remember
that the reserve (minimum) price is not disclosed to the public, but only known
by auctioneer and seller.
- How do I pick up the items I bought?
- After paying for the items you've purchased, the Auctioneer will issue a "Note
of sale" to be collected by the buyer in our office upon presentation of the item's
"Proof of Purchase" (on-site clients) or sent by mail. By presenting the "Note of
sale", the buyer will be able to pick the item on the location indicated on the
- What documents should I take to the auction?
- To place bids on an auction you need to be previously registered (on the day of
the event) and to provide one or more deposit checks to guarantee your bids. Therefore,
you need to have an ID and your checkbook with you.
- How much extra will I pay for the item bought?
- According to the legal dispositions that regulate the auction activity, the buyer
should pay a 5% (five percent) commission, calculated over the bid value, to the
auctioneer plus commission and administration fees owed to Deseulance that can vary
from auction to auction. For example, if you buy an item for $1,000, you will pay
$1,050 + Deseulance commission and fees.
- What documents are provided with the items?
- For clients present on-site, after winning the bid a personalized "Proof of Purchase"
will be issued on-site upon presentation of the deposit check. For online clients,
an email will be sent confirming the purchase. After the auction, the buyer must
provide - either in person or by fax - the information necessary to issue the respective
"Note of sale", such as name (person' or company's), address, and ID numbers.
The invoice will be issued by the seller upon pick up of purchased assets and presentation,
by the buyer, of the note of sale issued by the auctioneer.
Frequently asked questions (FAQ) - Online bidders:
- I have competed with several other online bidders and mine was the highest bid.
The time is up, but I only see the message "Going once…". Am I the winner?
- Not yet. Your bid is so far the highest online, but you still need to wait for
the participants who are on site to define their move. If there is no one on-site
interested and your bid has reached the reserve price, then you are the winning
bidder. If someone on site raises your bid, another 3-minute round will start so
you can place a new bid if you wish. If during these 3 minutes there's no online
bids from either you or another online bidder, than the on-site bidder will win.
However, if you or another online bidder raises the bid then another 3-minute period
- The item I was bidding on has disappeared from the list. How do I know if I won?
- If you are viewing the Hot List, then you'll see only the 15 listings ending sooner.
To check if you won the auction, change the "view listings" option on the top of
the screen. After the auction of an item has ended definitively, it will disappear
from the Hot List after 30 seconds, but a message will be immediately displayed
informing if the item has been sold or not, to whom and for how much. Also, while
the auction is running you can see the status of any listing by changing the "See
listings" option. After the auction has ended you can see all the items you've bid
on by clicking on "My bids" on the menu.
- How can I place my bids online?
- There are two different moments and two different ways of participating in the
auction through the internet. You can place your bid, or determine a range of values,
before the auction starts or during the auction.
- As to when:
i. Before the auction - you are sure your bid has been successfully accepted by
our system and don't need to worry about following the auction.
ii. During the auction - you can place and increase your bids in real time and follow
the auction in real time.
- As to how:
i. Single price - you can enter the amount you are willing to pay before or during
the auction. During the auction you also have the option to bid on the price suggested
by clicking OK.
ii. Range of prices - you enter the start price and the maximum price you're willing
to pay for the item and the system will raise, if necessary, your opponents' bids
up to the threshold you've defined if it's higher or equal to the current bid plus
Note: it's important to remember that by setting a range of prices you are not placing
an actual bid, but rather an intention to bid. Only you have access to the range
you entered, and you can change the maximum bid at any time while it does not turn
into an actual bid. Therefore, if you set a range of $1,000 to 10,000, your current
bid is $1,000, and the bids that go up to $10,000 will only be turned into actual
bids when an opponent places a bid, in which case the system will raise your bid
respecting the conditions established.
Frequently asked questions (FAQ) - On-site bidders:
- I have outbid all other on-site bidders and my bid has been entered on the internet.
Am I the winner?
- Not yet. After your bid has been entered on the internet, you need to wait until
the auction of the item ends. If during this time no one online raises your bid,
then you will be the winning bidder (as long as your bid reaches the reserve price).
If an online user outbids you, the auctioneer will ask you if you want to raise
your bid. If you don't, or if you don't respond, the auctioneer will check if anyone
else on-site is interested. In case there's no interest from participants on-site,
the item will be sold to the online bidder. However, if you or anyone else on-site
raises the bid, this new bid will be entered on the internet and another 3-minute
period will commence, and so on.
- Can I raise my bid if I'm outbid by an online bidder?
- Yes. If during closing time an online bidder outbids you, the auctioneer will
give you preference if you wish to raise your bid, as many times as necessary.
- I've raised my bids several times, but I keep being outbid by online users. When
will the auction end?
- As in every auction, the competition ends only when one of the parties gives up.
We recommend you not to wait until the end of the 3-minute period to raise your
bid, since every new bid triggers a new 3-minute period.
If you have more questions, please get in touch with us by accessing the CONTACT
US section and filling the form accordingly. We will contact you as soon as possible!