Auction Terms & Conditions Auction Terms & Conditions Closing of first items begins at 2:00 pm
Auction Terms and Conditions
Inspection: All the assets will be available for inspection: Monday, October 19, 2020 9AM-12PM.
Asset Pick up: October 22 & 23, 2020 9AM-3PM
Assets are located at:
124 E. 7th Street
Cincinnati, OH 45202
Buyer Premium: A 18% Buyer Premium will be added to the high bid amount to determine the full
purchase amount. By example, if your high bid is $100.00 your full purchase amount will be $118.00.
Payment: We accept Visa, MasterCard, American Express, and Discover for payment of invoices.
Credit cards used to register will be immediately charged at the auction conclusion unless wire
transfer or cashier check payment arrangements are made prior to the auction conclusion. To
make wire transfer arrangements please contact Cindy Chambers at 513.724.1133. Any unpaid
balances are subject to collection.
DESCRIPTIONS The descriptions of item/lots appearing in the auction and in advertising prior
to the auction are believed to be correct. Nevertheless, neither those descriptions nor any oral
statements concerning any item/lot shall be construed as a warranty either expressed or implied.
ITEM/LOTS ARE SOLD AS IS - WHERE IS and WITH ALL FAULTS. Bidder acknowledges
that all item/lots were available for inspection prior to the auction and, by these terms, Auction
Firm and Owner/Seller strongly encouraged Bidder to carefully inspect each item/lot in which
Bidder had any interest to determine the item/lot’s nature, quality, condition, quantity and size.
Bidder relied solely on personal inspection and not on information listed on the Site or otherwise
provided by Auction Firm or Owner/Seller. Bidder’s failure to inspect, or otherwise be fully
informed as to the nature, quality, condition, quantity and size of any item/lot will not constitute
ground for any claim, adjustment, or refund, against Auction Firm or Owner/Seller.
Tax Exemption: The State of OH requires that we charge sales tax for this auction. If you are tax exempt, please request a form and email firstname.lastname@example.org before the conclusion of the auction.
Special Terms: All items sell "AS IS WHERE IS" with no warranty. There shall be no guarantees or
warranties, expressed or implied, statutory or otherwise as to the merchantability, or fitness for any
particular purpose of any goods offered in this sale. Some items sell subject to lease payoff amount.
Some items may be available for sale prior to auction. Assets are subject to additions and deletions.
It is the Bidder's responsibility to determine condition, age, genuineness, value or any other
determinative factor. Asset IQ, LLC may attempt to describe the merchandise in advertising, on the
internet and at the auction but makes no representations. In no event shall Asset IQ, LLC be held
responsible for having made or implied any warranty of merchantability or fitness for a particular
purpose. Bidder shall be the sole judge of value.
Bidders who bid from off site and have not previewed the item(s) in person understand and
acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. Asset IQ, LLC shall make every effort to describe in detail each item and any pertinent information about it. Asset IQ, LLC will not be responsible for any errors or omissions in the description of the merchandise. Bidder agrees that everything is sold as is and that they may not return any item they purchase for any reason.
STAGGERED CLOSING: This online auction closes 1 item per 10 seconds. This feature will close the bidding on intervals. This feature works great with the auto-extend feature to closely emulate a 'live' auction.
DYNAMIC CLOSING: The closing time of an asset is automatically extended an additional 2
minutes whenever a bid is placed within the last 2 minutes of the asset's closing time.
Bidders are responsible for their own removal. Any item NOT picked up by the set time will be
considered abandoned. Removal shall be at the expense, liability, and risk of the purchaser.
Purchases will be released upon presentation of a paid email receipt. Please insure that movers or
anyone picking up items on your behalf have your paid receipt at the pickup location. No items
will be released without a paid email receipt.
Auction Firm shall not act as the buyer’s security agent and assumes no responsibility for
purchases made by buyer.
YOUR USE OF THIS AUCTION SITE MARKS YOUR ACCEPTANCE IN FULL OF THESE
TERMS AND CONDITIONS.
Mike Goldstein, Auction Manager
Seller User Terms
Bidder User Terms