1. Registration and Bidding
1.1. Registration Requirement: All participants must register on HiBid prior to placing bids.
1.2. Accurate Information: You must provide complete and accurate registration details, including your name, email address, and payment information. You may be asked to provide identification for verification purposes.
1.3. Eligibility: Bidders must be at least 18 years old.
1.4. Binding Agreement: By registering, you agree to enter into a legal and binding agreement to purchase any items if you are the highest bidder.
1.5. Auctioneer’s Discretion: The auctioneer reserves the right to reject or cancel any registration or bid at any time.
2. Auction Terms
2.1. "As-Is" Sale: All items are sold in their current condition, "as-is" and "where-is," with no warranties or guarantees unless explicitly stated in the item description.
2.2. Final Sale: All sales are final. No refunds, exchanges, or returns will be accepted.
2.3. Item Modifications: The auctioneer has the right to add, remove, or modify items without prior notice.
2.4. Bid Rejection: The auctioneer may reject any bid at their discretion and withdraw items if necessary.
2.5. Dispute Resolution: The auctioneer’s decision is final regarding any disputes related to winning bids or other auction matters.
2.6. Item Description Disclaimer: The auctioneer makes no guarantees regarding the description, authenticity, value, or condition of any item. No adjustments or returns will be allowed due to errors in cataloging or undisclosed imperfections.
2.7. No Claims After Removal: Claims will not be accepted once items are removed from the auction site.
2.8. Pickup and Removal: All items must be picked up at the buyer’s expense, risk, and liability. Items will be released only upon payment in full. If items are not removed within the specified time, the auctioneer may remove, store, or resell them at the buyer’s expense.
3. Payment Terms
3.1. Payment Due Immediately: Payment for auction items is due immediately upon the auction’s conclusion. If payment is not received within 48 hours, the auctioneer reserves the right to cancel the sale. A late payment fee of $20 per day may be applied if approved by the auctioneer.
3.2. Buyer’s Premium: A 13% buyer’s premium will be added to the final bid price of each item.
3.3. Sales Tax: Applicable taxes will be charged unless a valid tax-exempt certificate is provided before the auction closes.
3.4. Non-Payment Consequences: Failure to complete payment will result in forfeiture of the item, and the bidder may be suspended or banned from future auctions.
3.5. Local and State sales tax will be applied
3.6. Credit Card Authorization: By registering, you authorize the auctioneer to charge your credit card for the full amount due, including the item price, buyer’s premium, taxes, and fees.
4. Shipping and Pickup
4.1. Pickup Scheduling: Pick-up must be scheduled through the link sent to winning buyer's email
4.2. Abandoned Items: Items not picked up within 7 days will be considered abandoned and may be resold without refund.
5. Auction Process
5.1. Online Bidding: Bidding will take place online through the HiBid platform, with the auction ending at the scheduled closing time.
5.2. Winning Bidder: The highest bid at the auction’s close will be the winning bid, provided the reserve price (if applicable) is met.
6. Buyer Responsibilities
6.1. Inspection: Buyers are encouraged to inspect items before placing bids.
6.2. Obligation to Purchase: By bidding, the buyer agrees to complete the purchase and arrange payment and pickup
6.3. Bid Verification: Buyers are responsible for verifying item descriptions and images before placing bids. The auctioneer is not responsible for discrepancies in descriptions or condition.
7. Liability and Indemnification
7.1. Platform Issues: The auctioneer is not liable for any technical issues or disruptions on the HiBid platform.
7.2. No Guarantees: The auctioneer makes no warranties regarding the condition, authenticity, or value of any items offered in the auction.
7.3. Indemnification: By participating in the auction, you agree to indemnify and hold harmless the auctioneer, and HiBid from any claims or liabilities arising from the auction.
8. Reserve Price
8.1. Reserve Price: Some items may have a confidential reserve price, which is the minimum acceptable bid.
8.2. Confidentiality: The reserve price will not be disclosed.
8.3. Withdrawal of Items: If the reserve price is not met, the auctioneer reserves the right to withdraw the item from the auction.
9. Dispute Resolution
9.1. Governing Law: Any disputes arising from this auction will be governed by the laws of Texas, without regard to conflict-of-law principles. Jurisdiction is solely in Dallas, Texas
9.2. Arbitration: In the event of a dispute, the buyer agrees to resolve the matter through binding arbitration.
9.3. Final Records: The auctioneer's records and decisions are final in the event of any dispute.
10. Modifications to Terms
10.1. Right to Modify: The auctioneer reserves the right to modify these terms at any time, with updates posted before the start of the auction.
10.2. Agreement to Updated Terms: By continuing to participate after updates are posted, you agree to be bound by the revised terms.