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SALES AUCTION COMPANY, LLC – BIDDING TERMS AND CONDITIONS

Bidders must agree to the following:

  • Bidder acknowledges that he has read, understands, and agrees to abide by the Terms and Conditions contained herein.
  • Auctioneer reserves the right to add such Terms and Conditions to sale as announced or posted on day of the sale.
  • Persons attending the auction are notified that the auction site is a potentially dangerous place.  Every person at the auction site is deemed to be there at his own risk with notice of the condition of the premises and activities thereon.  Bidder acknowledges his responsibility for any personal injury to himself or his agents and any property damage incurred on the auction site.  All children under 18 remain the sole responsibility of, and must be accompanied at all times by, an adult.  This is strictly enforced and offenders must leave the premises.
  • Sales Auction Company, LLC is acting as an Agent ONLY and Bidder will hold harmless said Sales Auction Company, LLC, its officers, directors and employees from any injuries or damage arising from any activities associated with the auction and costs, including reasonable attorney fees.  Auctioneer acts as Agent ONLY and bears no responsibility for acts of Consignors or Principals.
  • Bidder Registration – A valid and current driver license must be presented at time of sale registration.  Non-U.S. citizens must present valid and current passport.  Tax ID number must also be provided.
  • Bidder cards may be denied to an applicant at any time, at the sole discretion of the Auctioneer.  Auctioneer also reserves the right to terminate bidding privileges at any time.
  • Auctioneer reserves the right to require a deposit upon bidding registration.
  • International Buyers – Prior to registration and at least 3 days before the sale, a deposit of $10,000.00 or 25% of expected total purchase, whichever is higher, must be deposited in Auctioneer’s bank account via wire transfer from Buyer’s bank.  Deposit must be in U.S. funds.  Bank receiving fee, if any, will be added to Buyer’s total invoice.  In the event no purchases are made, the deposit, less any bank receiving and sending fees charged to Sales Auction Company LLC, will be refunded to original bank point of transfer.  Payment for purchases must also be in U.S. funds via wire transfer.
  • All items will be sold “As Is” “Where Is” to the highest bidder.
  • All sales are final.
  • No guarantees or warranties whatsoever, implied, expressed, or otherwise.
  • Auctioneer makes no representation or warranty of any kind on lots included in the auction.  Auction listings are prepared based on information provided by the Consignor, but accuracy cannot be guaranteed by the Auctioneer.  No sale shall be invalidated by inaccuracies, defects, damaged goods, or incorrect descriptions.
  • It is Bidder’s responsibility to inspect equipment prior to bidding.
  • Connecticut sales tax will be charged on all sales.
  • Sales Tax Exemption – Tax exempt Buyers must present a current and valid exemption certificate at time of registration.
  • Bidding disputes will be settled at the sole discretion of Auctioneer and Auctioneer may put the disputed lot up for sale again to be resold to the  highest bidder of the disputing parties.  The Auctioneer’s decision is final.
  • Purchases become the responsibility of the high bidder immediately upon acceptance of his bid.  They shall be and remain at the risk of the Buyer.  It is the Buyer’s responsibility to insure his purchases immediately.
  • Payment – All purchases under $10,000 must be paid in full by the end of sale day.  For purchases totaling $10,000 or more, a 25% deposit must be paid by the end of sale day, with the balance paid within 7 days after the sale.  Acceptable U.S. funds are Cash, Bank or Certified Check, Business or Personal Check which must be accompanied by a Bank Letter of Guarantee, Wire Transfer, VISA, Mastercard or Discover.
  • Administrative Fee – A 10% administrative fee is charged on each item.
  • Title Processing Fee – $25.00 for each titled vehicle.
  • Credit Card Payments – An additional 4% credit card convenience fee is charged for each credit card transaction.
  • No removal of purchases from the auction site will be allowed during the sale.
  • Buyer must pay for all items purchased before any items can be removed from auction facility.
  • Purchases must be removed from sale site by June 30, 2017.  For items remaining after June 30th, Buyer is charged a $10 per day storage fee for each item. Items remaining after June 30th may be removed by appointment only. Please call auction office to schedule pickup.  Removal from site will not be permitted without presentation of paid invoice.  Auctioneer is not responsible for stolen or damaged items.
  • Titles – Will be mailed within 14 business days after payment.
  • For items marked “No Title”, a title will not be provided.  The listing for that item will be marked “No Title” and will be sold with a Bill of Sale only.
  • It is the Buyer’s responsibility to be aware of their local motor vehicle regulations pertaining to titles and registrations prior to purchase of a  motor vehicle.  Buyer is also advised to take notice of title information noted on each motor vehicle, in the catalog, and as announced by the auctioneer on sale day.