Buyer Terms & Conditions
Terms of Sale: This is an auction with the option of bidding by person, absentee, and online by either bid live or proxi bid. ALL BIDS ARE FINAL AT AUCTION. If you are awarded the final bid, ownership changes hands at the drop of the gavel. You own the merchandise and are responsible for payment in full. No bidder may retract a bid made during the sale for any reason.
Buyer’s Fee
A buyer’s fee is an amount charged by the auctioning dealer (Auctions America by RM, Inc., or other affiliated company “AA”) for conducting the auction sale. If your bid price is accepted as the winning bid on any lot, you will be charged a buyer’s fee in addition to the accepted bid price. The buyer’s fee is part of the purchase price and is subject to sales tax, of 7% if applicable. Any terms and conditions posted at the auction premises, or posted on our web site (www.auctionsamerica.com), are incorporated herein by reference. Buyer’s premium is 15% on all lots. When registering with Proxibid there is an 18% buyer's premium.
Terms of Payment
Payment is due right after auction has ended. Payments may be made to Auctions America by checks drawn on US bank, US currency, American Express, Visa, Discover, or MasterCard. There is a 4.0% charge for credit card payments over $2,000.00. Statements for any internet purchases are issued within 2 days of the auction end at which time payment is due. If payment has not been received within 15 days of the statements date, there will be a late/storage fee of 1.5%. All payments must be in the form of cash or certified funds unless other arrangements have been approved in advance. Cash payments over $10,000.00 will be reported according to U.S. Federal government requirements. Should a bidder default on payment in any manner whatsoever, without limiting any recourse AA may have, bidder agrees to pay AA all lost auction fees (which is the maximum published rates for (1) the seller’s commission, (2) the buyer’s premium, and (3) the entry), this amount is due and payable without relief. Bidder will also be liable to seller for its damages. Bidder hereby authorizes AA to deduct these lost auction fees from bidder’s cash deposit, or to charge this amount to bidder’s credit card provided. Bidder agrees not to dispute this charge with the credit card company at any time. Bidder agrees to also pay AA’s costs of collection, including attorneys’ fees and costs.
Conditions of Sale
Information contained in the Auctions America auction catalogs and brochures are based on either detailed reports prepared by independent experts or based on information provided by the consignor to the best of their knowledge. Neither Consignor nor Auctions America warrants or represents that the information contained therein is accurate and therefore the Bidder acknowledges that he or she accepts that the information contained in the catalog is a statement of opinion and not a statement of fact and is satisfied with, and assumes full responsibility for the accuracy and content of the catalog and brochure descriptions. CONSIGNOR AND AUCTIONS AMERICA BY RM, INC. DISCLAIM ALL WARRANTIES, EXPRESSED OR IMPLIED AS TO CONDITION, ORIGINALITY, OR AUTHENTICITY, ORIGIN OR PROVENANCE, PREVIOUS USE OR OWNERSHIP, MANUFACTURING OR RESTORATION PROCESSES, YEAR OR AGE, SERIAL NUMBER, MAKE, MODEL, OPTIONS, TOOLS, AND SPECIFICALLY DISCLAIM ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.
Risk or Loss
Bidder is responsible of all risk of loss or damage immediately upon purchase of the item, which occurs at the time of sale when bidder is declared by the auctioneer to have the successful bid. All items purchased must be removed from the auction site at the bidder’s expense immediately following the sale.
Shipping
It is the responsibility of the Buyer to arrange and pay for shipping; we suggest Post Net and Pak Mail as they are our preferred shipping companies. We recommend these shippers for all shipments Domestic and International as items are track able and insured in case of loss or damage. Any other carriers are the owner’s sole responsibility.
Other Terms
Items not marked as “no reserve” (or similar) are subject to a reserve bid set by the Consignor. When an item is sold subject to such a reserve bid the auctioneer may bid on the Consignor’s behalf in an amount not to exceed the amount of the reserve bid. Bidder is responsible to pay all city, state or other taxes due for which the buyer does not qualify as exempt. Proof of exemption is bidder’s responsibility. All terms of sale posted on the auction premises, printed in sale brochures or forms, publicly announced, or otherwise published are incorporated herein by reference. In the event either party brings action against the other arising from or relating to this bid card or any auction held in connection with, the prevailing party, as determined by the court, shall be entitled to recover its reasonable attorneys’ fees and costs. The law of the state in which the auction is held shall govern the provisions of this bid card. Jurisdiction for any action brought shall lie exclusively in a court of competent jurisdiction in the judicial district in which the auction is located. You are responsible for all bids made with this bidder number, whether or not made by you and whether or not authorized by you. If your bidder card is lost or stolen, immediately report to AA as all bids made with this bidder number will be your responsibility.
