Hotlotz offers all property for sale at auction and in the Hotlotz marketplace 'as is', meaning that the property is offered for sale with all existing faults and imperfections. We encourage potential buyers to visit the saleroom and inspect each item carefully before bidding or buying. We are happy to send additional photos or condition reports on request.

Our auctions all benefit from auto-extended bidding technology. This means that if you place a bid in the final five minutes before a lot closes, the bidding period is extended by a further five minutes. This continues until a full five minutes has elapsed without another bid being placed. Auto-extended bidding is used to stop ‘sniping’. This is a practice used by bidders on other auction websites where they rush to place bids in the last few seconds to prevent other bidders being able to respond before the auction closes.

These are the standardised GST inclusive bidding increments accepted by the Hotlotz bidding platform.. The platform cannot accept alternative increments. The following increments are the minimum amounts required of an underbidder in order to top the current bid. between $0 and $400 bids rise in $20 increments, between $400 and $1,000 bids rise in $50 increments, between $1,000 and $2,000 bids rise in $100 increments, between $2,000 and $5,000 bids rise in $200 increments, between $5,000 and $10,000 bids rise in $500 increments, between $10,000 and $100,000 bids rise in $1,000 increments. After $100,000 bids rise in $5,000 increments.

See Auto-Extended Bidding

The amount above the hammer price that is paid as part of the total purchase price. Hotlotz charges a GST inclusive Buyer's Premium fee equal to 25.68% w/GST (24% w/o GST) of the hammer price for items won in auction. Items purchased in the Hotlotz Marketplace are not subject to Buyer's Premium fees.

The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is an international agreement that ensures wildlife species are not threatened to from extinction by trade. CITES regulates international trade of CITES-listed live animals and plants, as well as their parts and derivatives, by requiring CITES permits to be obtained before consignments are allowed to leave or enter a country. Singapore has been a Party to CITES since November 1986.

This an online inventory of factual information about the lots being offered for sale in an auction. It might include information such as the name of the item, artist or maker, a detailed description, the year of its creation, its provenance, any exhibitions in which it has appeared or publications in which it has been documented. Hotlotz auction catalogues are usually available online approximately ten days prior to the sale date.

Your communication preferences record how you wish to communicate with Hotlotz. You can update them at any time simply by logging into your account and selecting 'My Preferences'.

A written description of the condition of an item, prepared on request by Hotlotz specialists prior to an auction. Condition reports may also include additional photography or videography. Information compiled for a condition report request is often also included as additional information in the online catalogue, for the benefit of all potential bidders.

The owner of an item who is transferring property to Hotlotz to act as agent on his or her behalf for sale.

The consignor of a lot is sometimes identified through a designation line, which appears at the beginning of a catalogue entry. The designation, which appears at the discretion of the consignor, may identify the current owner by name or through a descriptive title, such as 'Property of a Distinguished Singaporean Collector'.

Each lot we sell in auction is given a low and high estimate, representing the opinion of Hotlotz about the range in which the lot might sell at auction. Estimates are based on the examination of an item and recent auction records of comparable pieces. Published in our online catalogues, an estimate provides prospective buyers with an important preliminary guide to value and is generally the basis for establishing the opening bid amount.