- Frequently asked questions
How are auction proceeds handled?
Proceeds are accounted for and remitted to the client in accordance with the agreed terms of engagement.
Are auction purchases refundable?
This depends on the applicable Conditions of Sale for each auction. Buyers should carefully review the applicable terms before bidding.
Can I inspect an asset before bidding?
Where inspection is provided for a particular auction, inspection dates and procedures will be stated in the relevant auction notice or catalogue.
How do I participate in an ABC auction?
For each auction, bidders will be provided with registration instructions, auction terms, inspection details and applicable Conditions of Sale.
How can I submit an asset for sale?
Contact us through our telephone, email or website enquiry form. Our team will discuss the asset, your disposal objectives and the appropriate next steps.
Where does ABC Auction House operate?
Our registered office is in Lagos, and we can undertake assignments in other states across Nigeria on request.
Do you provide asset valuation?
Yes. Asset valuation and appraisal prior to sale form part of our service offering.
Do you work with government agencies?
Yes. We provide professional auctioneering and asset-disposal services for public-sector institutions, subject to applicable institutional and regulatory requirements.
What does ABC Auction House do?
ABC Auction House provides professional auctioneering, asset valuation and asset-disposal services for public institutions, financial institutions, corporate organisations and private clients.
What types of assets do you sell?
We handle a wide range of movable and immovable assets, including vehicles, real estate, machinery, plant and equipment, distressed and repossessed assets, surplus inventory and general merchandise.
Can a private individual sell assets through ABC?
Yes. We provide auction and structured-sale solutions for private clients and estates, subject to the nature of the assets and applicable requirements.
Can banks engage ABC Auction House?
Yes. Our service offering includes disposal of distressed, repossessed and other approved assets on behalf of banks and financial institutions.