ONLINE AUCTION TERMS AND CONDITIONS Auction
There will be a 10% Buyers Premium on this Auction
VERY IMPORTANT, READ CAREFULLY BEFORE YOU ATTEMPT TO BID!
PAYMENT:
A) $10,000 Down Ernest Money. Closing to take place no more than 30 days after auction closing. Buyer take possession at full payment.
B) Cash payments may be accepted with auctioneers approval, determined at registration.
C) Large ticket purchases / Invoices over $1,000.00 or Titled Vehicles, MUST be settled for with CASH, Wire Transfer or previous arrangements made with the Auction Company. No item will be released or transferred until payment has been posted to our account.
D) Buyer's Premium is 10%
E) Buyer specifically waves the right to dispute or deny payment for any purchases made with a credit card, chargebacks are not allowed.
F) All denied transactions due to 'expiration date, non-sufficient funds, and or other reasons' shall be subject to a $20.00 re-processing fee.
You can update your credit card under "PAYMENT METHODS" in the Welcome Tab of your HiBid Profile Page
G) No items will be removed until they have been paid for. Purchaser is responsible for removal of all purchased goods. No abandonment of purchased items is allowed. All abandoned items will be discarded or sold for storage and moving fees.
ITEM REMOVAL:
All items must be removed within 24 hours of the auction closing and/or within the specified date. If items are not removed by this time they will be forfeited and/or sold for storage. Pick-up date and hours will be specified in the Shipping / Pick up section of HIBID. Winning Bidders will be given a link to schedule pickup. Contact (317) 525-3503 to make other arrangements in advance if the dates listed need to be modified. Otherwise your items will be considered abandoned and will be re-sold or discarded.
NO LIABILITY:
A) Addison Auction assumes no liability for your purchases. The buyer assumes and does agree to indemnify and hold the auction company and seller harmless from any future claim that shall pertain to fitness or use of the asset being purchased.
B) Persons attending during exhibition, sale or removal of goods assume all risks of damage or loss to person and property and specifically release and indemnify the Auction Company from liability thereof. Neither the Auction Company nor his principal or seller shall be liable by reason of any defect in or condition of the premises in which the sale is held.
CONSIGNORS AND BIDDERS:
A) All consignors must fill out a contract with Addison Auction, sign forms and abide by terms listed.
B) All bidders must register for bidder's numbers using proper ID or proper information.
C) No consignor, seller, or agent for seller has the right to bid on their consigned goods.
D) Any employee of Addison Auction may bid at any auction if they wish to purchase an item.
LOSS OF BIDDING PRIVELEGES:
A) If you have failed to pay for an item, or failed to timely pick-up items, your bidding privileges will be revoked. Your privileges may be restored by paying for the item or repaying for the loss of the revenue due to the items not having been sold and by placing a credit card on permanent file whereby future purchases will automatically be charged.
DELINQUENT ACCOUNTS:
A) Any bidder that has not paid for, or has not removed their items from the auction site, will be subject to the cost of storage, trucking, re-sale, deficiency balances, collection fees, and any legal fees for recouping a loss due to the bidder's negligence.
RESERVES:
A) Any and all items that Addison Auction agrees to sell are subject to a reserve as per Indiana State Auction Law.
DOCUMENTS:
A) All documents must be completed in full by buyers and sellers. For Example: Death Certificates, Letters of Authority, Creditor Leins, and UCC's when purchasing vehicles, firearms, etc.
COMPLIANCE WITH TERMS OF SALE:
A) In default of payment of bills in full within the time announced for this auction the Auction Company in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages.
B) Addison Auction is in complete accordance with Indiana statutes and Indiana Administrative codes, Title 25, Title 812, Department of Revenue Tax Bulletin #20, and Reference IC 6-2-4.
CONDITION OF ITEMS SOLD:
A) All information is believed to be accurate, but the auction company shall not be responsible for the correct description, authenticity, genuineness of or defect in any lot, and makes no warranty in connection therewith. No allowance will be made or sale set aside on account of any incorrectness, error in cataloging or any imperfection not noted. No deduction will be allowed on damaged articles as all goods being exposed for public exhibition are sold “as is” and without recourse. Addison Auction encourages any and all buyers to schedule a preview and make your own opinion of conditions.
REFUND POLICY:
ALL SALES ARE FINAL - NO REFUNDS.
Everything is sold “AS IS / WHERE IS” with no warranties, representation or guarantees expressed, implied or otherwise given.
Addison Auction retains the right to govern goods and services sold to clients and to maintain the level and integrity of our business. Addison Auction has the right to terminate an auction at any time; withdrawal from sale of any item; to sell at an auction items not listed; to group one or more lots into one or more selling lots or to subdivide into two lots or more selling lots. The auction company also reserves the right to sell all of the items listed in bulk.
