An online auction house is a website/platform that allows bidders to purchase goods through a competitive online auction sale. Online auction sale permits the user identified as the highest bidder to ‘win’ the goods on sale. Gobid.it is specifically  enabled in this activity as in accordance to art.107 L.F., and operates in support of official receivers and professionals who have been entrusted by court authorities with the task of putting on sale goods deriving from bankruptcy/insolvency  proceedings.

An online auction must kick off from a basic starting price and through bid increments permits goods on sale to reach a certain  final price  within a fixed deadline as opposed to the private bid of sale which is not subject to deadlines or bid increments.

A  judicial sale is a specific court activity resulting in the  forced sale of goods/assets for the purpose of obtaining sufficient liquidity to be able to refund, in part or wholly, the general body of creditors.  Liquidation of bankruptcy  assets shall be carried out as in compliance with Art. 107 L.F., which provides the official receiver with the necessary instruments to carry out the liquidation of assets either autonomously or alternatively to delegate the sale to third parties, such as “specialised professionals”  and “expert operators” in this specific field.

No, you will also find goods that come from private liquidations and leasing companies. Whoever wishes to liquidate any asset of any sort can turn to the competences of Gobid.it.

The potential buyer will have the possibility of obtaining  the goods at an extremely competitive and convenient  price from home,  avoiding the  long hold-ups of a traditional auction sale.

Sales on Gobid.it are subdivided into auctions and announcements. Announcements can be subdivided into: Notices-  these are publications relating to judicial sales that do not imply participation in an online sale but that do often involve the physical and traditional auction procedure managed by appointed liquidation authorities  according to modalities specified on the notice. Collection of Take- Over Bids or Expressions of Interest: these entail the possibility of sending a take-over  bid or expression of interest for specific lots via specific forms that will be available online or sent upon request.

The categories of lots can be accessed on the main menu page or from the top search editor both found on the homepage.

Lots on sale  mainly derive from insolvency proceedings but also from private liquidations  and leasing companies.

You can type it in directly on the top search editor found on the homepage and then  refine your search results or you can access the goods category and search within the category.

First of all you can specify the categories that you are interested in during your registration or on MyGobid  ‘interests ‘ page, if you already have your own account;  in this way you will receive a newsletter based on your preferences. In order to be updated on the lots of your interest, you can also click on the icon  ‘ remind me about  this lot ‘ or ‘remind me about this auction sale’  found on relating pages.

Lots pertaining to an expired auction sale that have as yet not received any bids can be purchased out of the auction sale through a takeover bid at the last auction price plus a bid increment.  On the other hand, goods that have received bids,  may be subject to a bid increment  of the order of at least 10% as compared to final auction clearing price , as pursuant to art. 107 L.F. paragraph  4 , always in accordance to the discretion of liquidation authorities of competence.

It is very easy . All you need to do is to click on  ’Access or register ‘ on the top right hand side of the home page menu  and start your registration.

This is for the purpose of identifying the highest  bidder, during  registration,  you will be asked if  you intend using your account and participate in auctions  either as a natural person or as a legal entity.  Please be reminded that the data you have entered shall be the data any sales of allotted lots will be registered to  .

All you need to do is to go on Login page and follow the procedure for password retrieval.

Make sure that the email has not ended up as spam or offers in your email box.

You can enter your credentials  from  the  ‘Access or register’ menu item found on the top right hand of the  home page.

You have probably entered incorrect credentials ;   you can always register a new password by carrying out the procedure for password retrieval.

You only need to go to ‘Personal Profile’ from inside  MyGobid section to modify your data.

The only details that cannot be modified on your account are your email address and the category you have registered as user (natural person or company).  If you wish to add another email address you must register again under a new account.

It is  requested in view of  your participation in  an auction in order to already have it should you need to be refunded of your security deposit.

In this way you will receive  newsletters or communications  regarding lots and auctions that are in line with your interests.

To de-activate your account, send your request directly  to info@gobid.it

You can unsubscribe by clicking directly on the link at the bottom of every newsletter you receive,  or you may directly send your request to info@gobid.it or request it on your ‘Personal Profile’ on MyGobid.

General and specific conditions of sale can always be accessed by clicking on the relating buttons found on the auction sheet. They are otherwise accessible through the links found  on each single lot sheet.

Just click on the yellow button found on the auction sheet, agree to accept  the conditions of sale after having carefully read them and confirm.

No, you have access to the same information just as any other unregistered user except where different indications have been placed under general terms and conditions of sale or as indicated on the auction page.

You are asked to accept them  as both the auction participation process and  the adjudication of one or more lots, shall comply with  what  expressly specified under the terms and conditions of sale, hence it is important that you carefully read them  in order to be fully aware of how the whole procedure works.

You are asked to pay  a security deposit required for the auction or for the lot of your interest. Should you pay by credit card, you will automatically be enabled to take part in the auction. Should you pay via bank remittance,  you will need to send to info@gobid.it a copy of the bank receipt  of the amount that has been deposited. You will be entitled to take part in the auction as soon as the amount has been received and you shall be informed via email. All bank remittances must be carried out well  before the final deadline of the auction. For any further information, please  refer to section ‘security deposit.’

Registering on the site means that you will take part and ‘win’ the lots that are on auction under  your personal data. Should participation  data differ from adjudication data,  then shall the procedure competent authorities be called to intervene and give authorisation upon presentation of specific documents.

If you have carried out any steps properly and  correctly, it is probable that we are checking to see whether your security deposit has been received or not. You will be enabled,  as soon as we receive it .

Make sure that you have logged in on the site and that you are on the lot sheet  you have been enabled for. At the top right hand box you will see a button ‘submit your bid’ and all information relating to the lot. Clicking on the button you will see a summary page of your bid as well as any additional costs.  You will confirm your bid by clicking on the button again. Remember that each bid submitted is intended to be an irrevocable and official commitment to buy.

It is likely that you are surfing on the site without having logged in your registration credentials.

A static bid implies a fixed price bid including  the running/current  price plus at least a minimum increment required by the auction  concerned.

It is the maximum amount the user is willing to pay for the lot and represents  a dynamic bid,  which is  hidden to other users. Once this initial bid has been entered, it will automatically generate automatic increments  each time your bid has been surpassed until the proxy bid  is reached. Bid increments  will be automatic and will be based on the minimum values specified and aimed at  surpassing  any other bids made. Should the proxy bid be made by the highest bidder, then shall the running/current price not be modified by the proxy bid and no extra-time will thus be enabled.

This is the initial price of each single  lot which does not include any  Buyer’s Premium, assistance costs and VAT (where applicable on the lot,  the Buyer’s Premium and assistance costs).  You cannot submit  a bid at the basic starting price: you will need to make at least one increment . In this way the basic starting price will become the running/current price.

The minimum bid is calculated as the sum of the lot current bid plus a pre-determined incremental amount (the minimum bid increment) in order to enter the bid.

It is the minimum price to be reached in order have the sale of the lot authorised. It can be either visible or hidden. When visible, it may be found on the box on the top right hand corner of the lot sheet. When hidden, you will only see the ‘reached’ or ‘not reached ’ item:  in the former case it will mean that a basic lot starting price bid plus the minimum  bid increment is already sufficient to authorise the adjudication of the lot;  in the latter case, the potential adjudication has been submitted to the discretion of procedure authorities.

It is the auction extension time that has been granted for the presentation of further bids during the running of the auction. Should a winning bid be submitted 5 minutes before the end of an auction,  then additional 5 minutes following the last bid will be granted for a further bid to be made. This will be repeated indefinitely,  whenever a winning  bid is received within the 5 minute extra-time , then additional  5 minutes following the last bid will be granted for a further bid to be made . Automatic increments in case of  proxy bid shall also be considered as winning bids.  

This is because extra-time does not  regard individual lots but the entire auction. The sale will continue as long as other bids keep coming in within the last  5 minutes .

This is a condition in the auction where the user is free to put forward any amount he/she wishes as long as it at least exceeds the minimum predefined bid increment.

This is a multi-phase auction where different sets of goods have been grouped together in different levels. Each level will have different security deposits and different deadlines. The sale of goods included in the  various levels  will be conducted in such a way as to give priority to upper level combinations than to lower level ones.

This option allows the user to purchase a specific lot before the end of the auction. The price to buy the lot immediately  will be displayed  as soon as at least one bid has been made.

A complete lot (lot number 0) represents and includes all lots and their related combinations that have been put on sale on the auction. Winning a complete lot will entail for the user the purchase in bulk of all existing lots on the auction.

Should no offer be received on a complete lot then shall bidding be made on single lots and /or combinations. After the auction deadline the Procedure Bodies will dedice whether to award or not the complete lot depending on the values reached by single lots.

Combination means a set of lots that have been put on sale at a single basic starting price, and cannot be hence submitted to single individual bids.

Existing bids on a lot will appear as a number near a green palette on the lot webpage.

Each time you bid, you shall be advised via email and directly on the lot page about the status of your bid.

Should the reserve price be surpassed,  you will receive the confirmation of a temporary awarding  usually within 3 working days, where all the information and conditions for the settlement of payments will have been summarised.

In this case the decision will be left to the discretion of procedure authorities.

You have not ‘won’ any lot , and you will be refunded of your security deposit within 20 working-days without any interests applied.

Prices  of an auction that has already ended  may be requested only when the user wishes to make a bid. Any such requests must be forwarded to info@gobid.it, specifying both the auction and the lot numbers.

This is possible by requiring a specific form for the purchase of goods out-of-the- auction, thus bids can be made including the security deposit on the non-adjudicated lot price  plus the minimum bid increment.

Whenever prescribed by law , it is possible by requesting a specific  form for the presentation of the bid, including the  security deposit,  which shall surpass the winning price of at  least 10% ,  as pursuant to art.107 L.F. paragraph 4. The bid can be subject to the discretion and judgment of procedure authorities.

You can click on  ‘request a vision’ button found on the auction sheet, our logistics department  will contact you promptly to arrange an appointment.

This entails that the sale of goods is carried out  without any  guarantee  covering  any possible defects/faults. Hence, it cannot be appealable in case of damages . Consequently, any existing said defects/faults, deformities or lack of quality in the goods sold shall not give rise to any refunds , indemnity charges or price-reductions. For this reason, you are highly recommended to viewing first the goods you wish to buy.

You can always click on 'request a vision', our logistics department will inform you on the first available date.

You may do so, however bear in mind that any viewing on non pre-established dates will be on your charge.

You are required  to bringing your I.D. with you and the list of lots that you intend viewing bearing their assigned registration numbers in order to facilitate the process. Should the need arise, other documents may be requested  which shall be duly specified to you.

Payment terms will always be specified under the specific  terms and conditions of sale. They are also specified under the auction sheet.

A Buyer’s Premium, management costs and VAT (where applicable on the lots, on the Buyer’s Premium and management costs ) shall be added to the prices of all adjudicated lots.  Any other additional costs (if they are to be included), will be specified under the specific  terms and conditions of sale. Please remember that goods collection  and ownership transfer expenses will be borne by the buyer.

Should payments not be settled within established deadlines, then shall the security deposit be withheld and the sale will be cancelled automatically. Subsequently, the sale will then be assigned to the second highest bidder.

The invoice related to the Buyer’s Premium settlement will be sent to you by  our finance department as soon as payment is received. The invoice relating to the settlement of lots ‘won’ will be issued by the procedure authorities and given to you on collection of the goods.

In accordance to applicable law,  VAT  will always be applied to  the Buyer’s Premium and management costs.  If the purchase is made by a foreign buyer who possesses a valid Vat number, VAT will not be applied .

VIES is a procedure which supervises all commercial transactions within the EU and amongst VAT Holders. Should the procedure not be registered in VIES, then will VAT be borne also by cross-border  buyers within the EU.

It is your responsibility to letting us have a Declaration of Intent whereby you will be exempt from paying VAT.

In the case of exports to  non-member EU state customers , in compliance with  Italian laws and regulations, procedure authorities might require the payment of  VAT  due on lots won in order to avoid sanctions being placed for the non-payment of VAT. In this case, the VAT amount will be withheld until the goods are exported and returned upon presentation of relating documents.

It is the auction house commission which is calculated as a percentage on the winning price.

The specific percentage amount will be  found under the auction terms and conditions and generally under each  lot page.

Terms of payment will always be specified  under the auction specific conditions and indicated on the awarding confirmation. Should the payment of the Buyer’s Premium differ from that of the lot, it will always be specified under specific conditions of sale.

This is an amount deposited by the user/potential buyer in order to participate in an auction and which binds him/her  to the conditions of sale. It is always displayed on each single lot  and auction sheet . Deposits can be of two types: basic to enable the user to participate in all lots except where a specific security deposit has been requested; or specific to enable the user to participate in  one individual lot where a specific security deposit has been requested. The enabling over an individual lot with a specific security deposit will enable the user/ potential buyer also over lots with basic security deposit requests.

It can generally be paid via bank transfer or by credit card. Any possible different terms of payment will be specified under specific conditions of sale.

The requested security deposit must be entirely paid by the end of the auction.

Paying by credit card you will be automatically enabled to participate in the auction.

Should you have participated in the auction without having ‘won’ any lot/goods, the deposit  will be refunded within 20 working days as from the end of the auction, unless different conditions of sale have been specified. Should one or more lots have been ‘won’ by you GOBID INTERNATIONAL AUCTION GROUP SRL  will return the withheld amount only after the awarded goods have been collected by the user, unless otherwise specified under specific conditions of sale.

Paying via bank transfer,  you will be enabled to participate in the auction  only after the requested amount has been deposited  on the account. It is important to effect payment via bank transfer well in advance before the end of the auction in order to be able to participate.

Should you not have been adjudicated any lot during the running of the auction sale, then will the ‘security amount’ be returned to you , generally after 20 working days as from the end of the auction unless otherwise specified under specific conditions of sale Should you have been adjudicated one or more  lot/s in the auction ,  the deposit will be returned to you upon collection of the adjudicated goods, unless otherwise specified under specific conditions of sale. For this purpose it is very  important to provide  your bank account details where you wish to have your security deposit returned during registration  or including  it under the Mygobid "Account" section.

The ‘security deposit’ will be withheld whenever one or more lots are ‘won’ or whenever the requested amounts  have not been duly settled within the deadlines specified in the auction conditions. Any other reasons for withholding the security deposit  are specified in the conditions of sale.

This is possible by forwarding your request to info@gobid.it specifying in the subject  the auction number which you wish to participate in- e.g. “move security deposit to auction no. 2584".  The auction number for which you have already paid the security deposit  must always be indicated.  Your request will be assessed according to the outcome of the previous auction for which the ‘security deposit’ has been paid. Should the previous  security deposit authorised for transfer be lower than  the amount requested for the auction the user  wishes  to participate in, then shall the user be required  to pay the difference in the amount duly owed via bank transfer.

Not at all. Paying the ‘security deposit’ does not bind the  user to participate in the bids, unless otherwise specified under conditions of sale.

Goods won may be collected  upon  settlement of due amounts owed. You will be informed via email of the date and time for the collection of the goods.

If this has not been specified in the lot sheet, you may ask for the details to our logistics department directly via email to be sent to logistica@gobid.it or by calling our help-desk on 0737 782080.

No, this is not allowed. The purchaser is thus held responsible for any dissembling, handling , loading and transport operations of adjudicated lots and for any eventual vehicles, of ownership transfer and any other necessary documents.

This will be possible against payment, and only after due payments relating to awarded lots have been effected and deposited on specified accounts.

Bring your  I.D., along with  the confirmation stating your adjudication of the lot and the  goods purchase invoice should you already have received one. Should you not have one yet, then you will be given one during collection  of the adjudicated goods. Should someone other than you be delegated to collect the lot/s, then make sure he/she is provided with a proxy document delegating him/her on your behalf.

For  any additional day after the first day of collection,  an amount  ranging between EUR 200,00 and EUR 350,00 per day will be charged (unless otherwise specified under conditions of sale).

Should this be the case, you may: -  prior to approval given, request to be admitted to the following date that has been established for the next sale undertaking , if any. -  prior to approval given,  collect  the goods at different times and days specified for individual sale undertaking , and effect payment of  a further amount that will be indicated in the ‘collection ‘ item under the auction specific conditions.. Should this date agreed upon by Gobid International Auction Group Srl not be observed by the highest bidder, then shall the latter be liable to a penalty charge of the amount of  EUR 350,00 if  the  non- collection of  goods   is not  notified at least 48 hours prior to  fixed appointment, without prejudice to the right to claim compensation for greater damages by GOBID INTERNATIONAL AUCTION GROUP SRL .

Yes.  All costs deriving from Transfer of Ownership of  registered movables shall  be borne by the buyer. Generally, also copies of vehicle registration documents and any further documents shall be supplied  by the buyer .  Cancellation of insolvency proceedings from ownership certificate shall  be usually  borne by the highest bidder.

This is generally dealt with by the procedure authorities . Should cancellation costs be borne by the buyer, then this shall be specified under the terms and conditions of sale.

No, this is not possible.

MyGobid is a customised  section where you can surf after you have logged onto the site through the operating menu found on the top right hand corner of the home page.

It is a brand new section of the website that has been developed and tailored for your needs: it allows you to always update your preferences, so that you can receive news on lots that you are interested in; it allows you to view all the offers on one single page, including all the lots and adjudication confirmations  of goods you have been the  highest bidder. By taking advantage of all the  opportunities it offers,  it will allow you to keep track of all the sales you participate in.

Thanks to  the function ‘create notices’  you will be able to save the search you have done and receive notices every time a lot relating to your search has been posted.