Real estate auction
There are periodical auctions of real estate at the Kipstraat, for the calendar and the estates up for auction click here.
The auction takes place under the responsibility of the auctioning notary. If you have any queries concerning the procedure of the object, please contact the notary in question. You can see who the notary for the auction is by clicking on the object, you will find the contact information of the auctioning notary on the right hand side. The auction is conducted by an auctioneer of Vendu Rotterdam.
The auctions are held at Vendu Rotterdam, Kipstraat 54 in Rotterdam. The saleroom is freely accessible to the public. However, a code of conduct applies.
The auction always takes place on a Wednesday, click here to view the dates. The sale starts at 13.30 hours, the room opens at 13.00 hours. The sale takes place in the order of the lot numbers. Auctioning one object will take approximately 10 minutes. Estates can be withdrawn until the very last minute, so please keep an eye on the lot number list.
You can either bid in the room or online. When you bid in the room and the highest bid is yours, you will have to provide proof of identity and your ‘financial fortitude’, either with a declaration of fortitude or a deposit. We always recommend to follow the internet procedure, even when you are bidding in the room (see below). This will allow you to bid in the room or online on objects of all notaries. For every object the terms and conditions of the auction or the financial information will indicate which (additional) demands are made by the auctioning notary.
In case you are bidding online you will need to register beforehand and provide the requested documents and a deposit (minimum of € 5.000,-). The complete procedure is outlined on the website, see the page ‘internetbieden’ (online bidding).
A real estate auction commences with a regular auction and subsequently continues with a Dutch (reverse) auction. The auctioneer will ask for an opening bid after which bidding proceeds until the highest bid. The highest bidder has to present himself at the notary, including documents. This will be the provisional buyer and his bid will become the starting price.
The auction will then proceed in reverse, the auctioneer starts with a higher amount and will lower step by step until someone calls ‘mine’ or until the original starting bid is reached. Bids are hammered until € 100,- above the starting bid.
When someone calls ‘mine’ the object will be sold to this bidder, who will have to come to the notary for further settlement. When no one ‘mines’, the object is bought by the provisional buyer.
Regarding the starting price the bidding proceeds according to the schedule below:
|Upto||€ 25.000||with € 500/1.000|
|From||€ 25.000||to € 100.000||with € 1.000|
|From||€ 100.000||to € 300.000||with € 2.000|
|From||€ 300.000||to € 500.000||with € 5.000|
|From||€ 500.000||with € 10.000|
Whether an estate can be viewed is mentioned in the object information, often this will not be possible.
There is a periodical catalogue, Veilingnieuws, which includes the upcoming sale and results of the previous sale. It is possible to get a subscription. For more information please contact Vendu Rotterdam at email@example.com