Terms & Conditions
TERMS OF BIDDING & SALE
Internet Premium: 3%
Sales Tax : 7.75% - Sales tax applied to Hammer Price.
Payment Options: Money Order, Wire Transfer, and Cash
Payment Instructions: Payment in full is due by 4:30 pm on the second day following any auction, otherwise your purchase is subject to 18% interest per day.
Buyer’s Premium will apply to each Lot purchased as follows:
10% for purchase price of $4,999 or less, per lot,
3.95% for purchase price of $5,000 or more, $500 minimum, per lot,
Capped at $2,500 per lot.
Acceptable Payment Forms
Cashier’s Check/Money Orders
Credit Card, maximum charge $5000, with a 5% fee
Company or Personal check with bank letter of guarantee
Wire Transfer*, please reference your buyer or invoice number on wire transfer
Direct Deposit*, please reference your buyer or invoice number on deposit slip *wiring instructions and account information appears on your invoice.
Currency Type: USD
Shipping Instructions: Please contact the auction company for general shipping and handling information.
Preview Date & Times: Thursday, August 10th & Friday, August 11th, 7:30am to 4:30pm
Checkout Date & Times: Yard hours for pickup of all purchases are Monday-Friday, 8:00 am to 4:30 pm. Must be in the yard, ready to load by 4:00 pm. Bidder shall remove all Lots purchased from the Auction site no later than 4:30 PM five (5) days following the Auction. In the event Bidder fails to remove the Lot(s) purchased at the Auction by the date and time set forth above, Auctioneer may charge Bidder up to twenty-five dollars ($25.00) per lot per day for storage fees. In the event Lot(s) are not removed within thirty (30) days following the auction, property shall be deemed abandoned and Auctioneer shall have the right to resell Property in any manner without notice to Bidder. Bidder is responsible for and shall reimburse Auctioneer for all expenses associated with reselling such Lot(s) including but not limited to transportation costs, repair costs, appraisal fees, and auctioneer fees or commissions. Any proceeds Auctioneer receives from such sale in excess of such storage fees and expenses shall be paid to Bidder. If, however, such sale proceeds are insufficient to pay for such storage fees or if Auctioneer is unable to resell the Lot(s) after making a reasonable attempt to do so, Auctioneer may charge Bidder’s credit card for all accrued and future storage fees.
Vantage Auctions, Inc. (“Auctioneer”) hereby grants to the Bidder the right to use the number shown on the Bidder card provided by Auctioneer to Bidder (the “Bid Number”) for the purpose of bidding at an auction sale on the date and at the location set forth in the Listing Catalog (the “Auction”), subject to these Terms of Bidding & Sale (the “Terms”). “Bidder,” as that term is used herein, means the party whose signature appears on the Bidder’s Registration Agreement, a party that bids at the Auction by absentee bid, a party that bids at the Auction online, and any other party that is assigned a Bid Number and uses that Bid Number to bid at the Auction. “Lot”, the Auction will be conducted by the Auctioneer putting goods in lots, whether as individual groups or as groups of goods.
All prospective Bidders must be at least 18 years of age.
By making a bid, regardless of how such bid is made, Bidder acknowledges that Bidder has received, read, understands, and agrees to comply with and are bound by the Terms. Bidder is deemed to have accepted a lot when he/she makes a bid. Any and all rights granted to Bidder pursuant to the Terms may be revoked by Auctioneer at any time in Auctioneer’s sole discretion. Auctioneer reserves the right to refuse to accept any bid by any Bidder in Auctioneer’s sole discretion. Bidder understands and agrees that the Bidder is responsible for complying with all Terms including but not limited to payment of all purchases by Bidder at the Auction, regardless of whether such purchases were made by Bidder for, or on behalf of, another party. No Bidder shall retract or revoke Bidders’ bid for any reason once such Bid is accepted by Auctioneer. All Sales are Final.
Further, Bidder acknowledges that, prior to bidding on any goods, Bidder had an opportunity to conduct an inspection of the goods to Bidder’s satisfaction and either conducted such an inspection or voluntarily decided not to conduct such an inspection. Bidder further acknowledges that Bidder did not rely on any representations or statements made by Auctioneer or any of Auctioneer’s employees or agents about the goods in deciding to bid on any goods. Bidder agrees to make any repairs to the goods purchased which are necessary to put the goods into good and safe operating condition and assumes all risk for and liability for damage or injury arising out of the operation of such goods.
No Bidder shall bid on any Lot: (a) of which Bidder is the consignor or owner of the goods put up for auction; or (b) as agent, or associate, or on behalf of the consignor or owner of such goods. If it is determined that a consignor, owner, agent, or anyone else has bid on any Lot on behalf of a consignor or owner of the Lot, a charge of not less than twenty percent (20%) of the purchase price shall be charged to Bidder plus any other fees which may apply to release the Lot(s) to the consignor or owner.
Auctioneer will deliver or make available to Bidder, at Auctioneer’s option, title to all Lots purchased, free and clear of any liens or encumbrances within forty-five (45) days following receipt of full payment for all Lots purchased by Bidder. Partial payments will not allow title processing to begin. Title processing will begin only after full and complete payment for all Lots purchased has been made and funds have cleared. Title Documents will be prepared only in the state in which the Auction occurs. A document preparation fee of not less than sixty-five dollars ($65.00) per Lot will be charged, in addition to all other amounts due hereunder, whether the Lot is comprised of one or more goods and irrespective of Bidder’s use or intended use of the Lot. Sales tax will be assessed and collected on document processing fees unless legal exemption documentation is provided at the time of sale.
If for any reason, Auctioneer is unable to make available or deliver clear title to any Lot, Auctioneer’s sole liability shall be the return of monies paid for the Lot by Bidder. Bidder expressly waives any and all claims for any damages or loss whatsoever against Auctioneer for Auctioneer’s failure or inability to obtain clear title for the Lot(s) purchased. Any such Lot(s) shall be returned or surrendered upon demand by Auctioneer to the location of purchase at Bidder’s sole expense, as a condition of Auctioneer’s obligation to return such monies.
Auctioneer shall have no responsibility for internet bidding interruption or delays beyond it’s control. Internet bidders be aware that due to the nature of the internet, delays in transmission could result in the auctioneer failing to recognize your bid. Auctioneer will work to accommodate varying internet speeds but is not responsible for the final result of delays.