Auction for
Audi Sport Racing Bike
Terms and Conditions
Background
1. This [silent] auction (the “Auction”) shall be governed by the following terms and conditions (the “Terms”). By placing a bid in the Auction, bidders agree to be bound by these Terms.
2. The organizer of this Auction is Audi Singapore Pte Ltd (“ASPL”).
3. All proceeds of this Auction will be donated to the charitable program operated by Sunlove Abode For Intellectually Infirmed Ltd (“Sunlove”), a Singapore-registered charity.
4. Although it is organising this Auction for the benefit of Sunlove, ASPL is a commercial entity. ASPL will not retain any proceeds from the Auction to cover its costs.
5. The Auction is conducted in conjunction with the Ride for Rations fundraising event which is organised by Bike-Aid (Singapore), which is also for the benefit of Sunlove.
6. The funds raised will be used by Sunlove to provide monthly food rations and breakfast rations to the needy identified by Sunlove.
7. This Auction is open to any participants online, except for employees of ASPL.
Audi Sport Racing Bike
8. This Auction is for one unit of an Audi Sport Racing Bike.
9. The Audi Sport Racing Bike has the following specifications:
(a) Frame: Lightweight “Urgestalt” carbon racing frame in Audi design. Frame heights 54 cm Limited edition badge with individual number
(b) Fork: Lightweight full-carbon construction in Audi design
(c) Headset: Integrated, sealed industrial bearings
(d) Shifting: Shimano Dura Ace Di2
(e) Brakes: Shimano Dura Ace
(f) Wheelset: Lightweight “Meilenstein Clincher”
(g) Handlebar: Lightweight “Rennbügel” carbon racing bike handlebar
(h) Handlebar tape: Lightweight handlebar tape, black
(i) Stem: 3T ARX Team Stealth
(j) Seatpost: Lightweight carbon seatpost in Audi design
(k) Saddle: Selle Italia SLR Kit Carbonio, covering with original Audi R8 fine nappa seat leather
(l) Tyres: Continental Grand Prix 4000 S II, size 700 x 25
(m) Tube: Continental Race, 60 mm presta valve
(n) Bottle cage: Lightweight “Edelhelfer” carbon bottle cage
(o) Pedals: Shimano Dura Ace PD-9000, incl. cleats
(p) Made from T1000 carbon with the Meilenstein Obermayer Schwarz wheels.
(q) Weight: 5.8kg
10. Notwithstanding Clause 9 above, ASPL makes no representation or warranty whatsoever in respect of the Audi Sport Racing Bike, and to the extent permissible by law, disclaims all warranties in relation to the Audi Sport Racing Bike, whether as to the satisfactory quality or performance or fitness for purpose or otherwise whatsoever.
Auction Terms
11. The starting bid for this Auction is SGD 8,888.
12. The Auction shall be held in the following manner:
(a) Unless otherwise directed by ASPL, all communication in relation to the Auction shall take place over emails between the bidder and ASPL (i.e. through CharityAuction@audi.com.sg).
(b) Bidders shall make bids for the Auction by sending an email to CharityAuctions@audi.com.sg.
(c) Each bid sent to the abovementioned email address shall be regarded as an irrevocable offer to purchase the Audi Sport Racing Bike, which shall be open for Audi to accept at any time on or before 1 October 2020.
(d) The Auction value shall be in Singapore dollars.
(e) The Auction closes on 21 September 2020, SGT 23:59h.
(f) ASPL shall notify the winning bidder by 22 September, SGT 12:00h via email (to the email address the bidder sent the bid through).
(g) The winning bidder shall acknowledge ASPL’s email within 12 hours from the time of ASPL’s email, failing which ASPL shall be free to approach the next highest bidder.
(h) The winning bidder shall make payment of the winning bid amount either by bank transfer, or by present a cheque in favour of ASPL within the timeline set by ASPL, provided that the timeline shall be no less than 24 hours from the time ASPL notifies the winning bidder that he/she is the winning bidder. In the event ASPL does not receive the full winning bid amount in its bank account within the timeline set by ASPL, ASPL shall be free to approach the next highest bidder.
(i) Once ASPL receives the funds from the winning bidder in its bank account, ASPL will inform the winning bidder that the Audi Sports Racing Bike is available for collection.
(j) If ASPL approaches the next highest bidder, sub-clauses (g) to (i) shall apply mutatis mutandis to the next highest bidder.
13. The winning bidder and the winning bid amount will be announced on ASPL’s Linkedin and Facebook page.
14. The bid amount is not inclusive of delivery or shipping. Collection of the Audi Sports Racing Bike will be at Audi Singapore’s office at 8 Kallang, Avenue Aperia Tower 1, #08-01 to 09, Singapore 339509. The winning bidder shall be required to make his/her own delivery arrangements.
15. It should be noted that the winning bidder is purchasing the Audi Sports Racing Bike in consideration of the bid amount from ASPL and not making a donation of the bid amount to Sunlove, while receiving the Audi Sports Racing Bike in the process. As such, the individual winning bidder shall not be eligible for tax deductions for this act of purchase, and ASPL is recognised as the sole donor of the total raised funds for Sunlove from the proceeds of this auction.
General
16. All decisions made by ASPL are final. ASPL reserve the right, at its sole discretion and at any time, to change, modify, add or remove portions of these Terms & Conditions and/or to cancel the Auction.
17. The bidders agree and acknowledge that the Audi Sports Racing Bike is merely paid for by ASPL and is neither manufactured nor designed by ASPL. ASPL assumes no responsibility or liability for the acts or defaults of merchants or third parties, any unfitness for purpose, any non-performance or defects in the Audi Sports Racing Bikes. Any dispute in relation to the Audi Sports Racing Bike should be resolved directly with the relevant merchant.
18. To the extent permissible by law, ASPL’s liability (if any) towards any bidder or any other party in relation to the Auction and the Audi Sports Racing Bikes shall be capped at the value paid to ASPL by that bidder or party in relation to this Auction.
19. Personal data is collected through the Auction. For example, bidders will be required to furnish information about themselves which may include: their name, email address and contact number. ASPL collects and process this information to carry out the Auction. Personal data is processed in compliance with the Personal Data Protection Act. In case of any questions in relation to our data policies, the contact details of our data protection officer are:
Audi Singapore Pte Ltd
No.8 Kallang Avenue Aperia #08-01 to 09
Singapore 339509
Contact no: (+65) 6718 6000
E-mail: enquiries@audi.com.sg
20. The Terms & Conditions of the Auction shall be governed by and construed in accordance with the laws of the Republic of Singapore and the bidders shall submit to the non-exclusive jurisdiction of the Courts of the Republic of Singapore.