{"id":226155,"date":"2018-02-25T17:00:48","date_gmt":"2018-02-25T15:00:48","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=226155"},"modified":"2018-02-23T16:39:17","modified_gmt":"2018-02-23T14:39:17","slug":"the-weirdest-and-most-wonderful-items-on-auction-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/226155\/the-weirdest-and-most-wonderful-items-on-auction-in-south-africa\/","title":{"rendered":"The weirdest and most wonderful items on auction in South Africa"},"content":{"rendered":"<p>A higher than usual quota of &#8216;weird and wonderful&#8217; have found their way under the hammer over the past year, along with a bushel of downright odd lots, according to the SAIA.<\/p>\n<p>Bidding was fierce across the stranger catalogue items offered by auction houses affiliated with the SA Institute of Auctioneers (SAIA), according to its PR director, Joff van Reenen.<\/p>\n<p>These comprised a vast ocean-going tanker, a treasure trove of memorabilia from the hit TV series Black Sails, a mayoral mansion, a mechanically-challenged bakkie, a hot Hollywood sale that raised a whack for charity and a new business venture that scores of investors were dead keen to buy.<\/p>\n<p>While the tanker and property lots earned the biggest bucks for their sellers, the auction of the sets from Black Sails was one of the largest crowd-pullers of the year; packed to the rafters with treasure-seeking fans wanting a keep-sake from their favourite dose of small screen pirating skulduggery.<\/p>\n<p>Angela Duncan of Alf Duncan Auctioneers in Cape Town said the sale took place at the film studios just outside Somerset West in July 2017 and everything was for sale \u2013 except the actual ships that had during construction each demanded the labours of approximately 300 craftsmen.<\/p>\n<p>The Emmy Award-winning series set in the 18th century ran for four seasons and was widely regarded to be a prequel to Robert Louis Stevenson\u2019s Treasure Island.<\/p>\n<p>\u201cNautical novelties under the hammer included canons and rigs, bells, belfries, binnacles, anchors, flags, gangplanks and galley equipment \u2013 not to mention the scuttlebutts,\u201d said Duncan.<\/p>\n<p>Liquidity Services\u2019 auctioneer Casper Rossouw cannot be blamed if, every time he ventures out for rural sales, he is plagued by visions of missing mechanical bits.<\/p>\n<p>\u201cI auctioned a farm and its contents. A bar fridge was up for sale and a farmer asked me if it worked. I responded with a joking \u2018yes; listen to how silently it runs\u2019, because it was stacked among other lots and clearly not plugged in.<\/p>\n<p>&#8220;Unfortunately during dispatch I noticed that it had no motor. I felt bad for the guy, but it was a sold lot,&#8221; Rossouw said.<\/p>\n<p>&#8220;A few months later the same gentlemen attended another auction. Afterwards I politely asked about the fridge and if he was happy with his purchase.<\/p>\n<p>&#8220;He replied \u2018yes the fridge is great and very quiet\u2019. Then he then asked if I knew how to lower the thermostat because he wanted it just a bit colder.<\/p>\n<p>&#8220;Auctioneers are rarely floored, but I had absolutely no response. I just walked away,&#8221; said Rossouw.<\/p>\n<p>Rossouw\u2019s second \u2018mechanical moment\u2019 also happened in South Africa&#8217;s &#8216;outback&#8217;.<\/p>\n<p>&#8220;A bidder bought two bakkies. After the auction he told his staff that he\u2019d drive the one to his farm nearly 200km away, they should load his other purchases on the second, then follow him.<\/p>\n<p>&#8220;You have to picture the scene; gravel roads all the way, very patchy phone reception at best and the sun heading for the Western horizon,&#8221; said Rossouw.<\/p>\n<p>The guys loaded everything, climbed in and turned the key a few times, but it wouldn\u2019t start.<\/p>\n<p>&#8220;Their first thought was flat battery, so they popped the bonnet \u2013 only to find the vehicle was entirely minus engine! The poor guys were stranded in the middle of nowhere with a full but useless bakkie, the sun was setting and they had no way to contact the farmer.<\/p>\n<p>&#8220;The take-away lesson from this is always view before sticking up your hand to bid,&#8221; Rossouw said.<\/p>\n<p>Ariella Kuper, MD and co-founder of online auctioneers Clear Asset, landed a bumper lot when the company was tasked with selling an oil tanker in December that had been under judicial arrest in Durban Harbour for the preceding 18 months.<\/p>\n<p>Kuper said the auction attracted interest from bidders as geographically divergent as Asia and Nigeria and it took 45 minutes for a Chinese buyer\u2019s bid to see hammer fall at US$12 million.<\/p>\n<p>Van Reenen, whose dual hats cover his roles as SAIA\u2019s Director of PR and director and lead auctioneer at specialist property sales house High Street Auctions, has pulled off two auction firsts in the past year \u2013 both in the Tshwane metro \u2013 and that\u2019s not counting his celebrity-centric charms exercised on behalf of Nkosi\u2019s Haven that coaxed an incredible R1.2 million out of bidders for a series of photographs taken by Hollywood action legend Antonio Banderas.<\/p>\n<p>Van Reenen\u2019s most headline-grabbing coup was making SA auction history by knocking down a city\u2019s official mayoral residence, in less than two minutes.<\/p>\n<p>\u201cTshwane\u2019s mayoral mansion in Muckleneuk fetched R5.1 million after spirited bidding at our final sale of the year, and Mayor Solly Msimanga was there on the day to see it go.\u201d<\/p>\n<p>The property, that Msimanga refused to occupy, was a scandal-plagued asset register entry that had been subject to a corruption probe relating to the previous administration\u2019s R12 million renovation.<\/p>\n<p>&#8220;Possibly the most heart-warming thing about this sale is that the proceeds of one house will put roofs over the heads of more than 40 families,&#8221; said Van Reenen.<\/p>\n<p>Another of Van Reenen\u2019s lots over the past year that garnered many column inches was the country\u2019s first auction of a (completely unoccupied) 8.5-hectare cemetery in the Greater Tshwane metro.<\/p>\n<p>\u201cWith all permits in place for 12,500 plots the return on investment presented by this enterprise was heavenly.<\/p>\n<p>&#8220;Bad joke potential aside, though, planning permission for cemeteries is complicated for obvious reasons, and these bankable gems therefore rarely come to market. Private cemeteries are enormously lucrative ventures because with ever-dwindling space in existing cemeteries, pricing per plot starts north of R10,000.&#8221;<\/p>\n<p>Van Reenen said the sheer variety of goods sold at auction last year, valued at hundreds of billions of rand, shows the success of the model for both buyers and sellers.<\/p>\n<p>&#8220;Auctions are globally regarded as the most transparent sales method there is, and a win-win for both sides of the table. A fair value is ascribed the by the market on the day rather than pegged artificially high by the specific industries involved in the trade of those goods.<\/p>\n<p>&#8220;I often describe it as sales on steroids because of the speed at which auction houses can make liquid those assets that sellers no longer regard as core to their businesses, services or lifestyles.&#8221;<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/wealth\/216153\/how-you-benefit-from-selling-or-buying-on-auction\/\" target=\"_blank\" rel=\"noopener\">How you benefit from selling or buying on auction<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A higher than usual quota of &#8216;weird and wonderful&#8217; have found their way under the hammer over the past year, along with a bushel of downright odd lots, according to the SAIA.<\/p>\n","protected":false},"author":10,"featured_media":226157,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-226155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/226155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=226155"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/226155\/revisions"}],"predecessor-version":[{"id":227635,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/226155\/revisions\/227635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/226157"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=226155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=226155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=226155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}