Auction Terms & Conditions Be sure to read all Terms & Conditions before you bid.
Maximum Bid: Using the "maximum bid" feature can be a real time and stress saver if you choose to use it.
Sniping: Due to rounding and the imprecision of minutes left, do not wait until the last minute to bid. Sniping doesn't work with the "extended ending" system;. Give yourself a cushion of time to make sure that you don't lose the items.
Personal Property Terms & Conditions
You are strongly encouraged to attend one of the previews. All items are sold "as is" and "where is", all sales are final and there will be no refunds. This means everything is sold with no contingencies, finanical or otherwise and without represenatation of any warranty. Do not rely on the photographs or descriptions for you evaluation of the item. Mechanical items may be inspected by your mechanic at your expense at the auction or preview location / time. If you are the winning bidder you are expected to pay for and pick up your items during the scheduled pick up times. If you do not pick up your items your credit card will be charged and the items will be retain by auctioneer for sale at a later date.
Questions: All questions regarding this auction should be directed to Northern Kentucky Auction LLC.. Any member of our staff would be happy to answer your questions and make this an enjoyable auction experience for you.
Northern Kentucky Auction, LLC
5285 Madison Pike
Independence, KY 41051
Auctioneer Douglas A Garner 859-391-2100
Online bidding is offered as a courtesy. The Auctioneer, Northern Kentucky Auction, LLC., Seller, and the Internet and Software Providers do not guarantee or warrant the online bidding procedure and/or system against possible or unavoidable interruptions or malfunctions.
Inspections: All descriptions and information are believed correct, but are not guaranteed. Items are sold “as is" "where is” with no guarantees or warranties. It is the Bidders responsibility to inspect the items and research any and all descriptions and information to their complete and full satisfaction prior to bidding. All sales are final.
Bidders are encouraged to attend the following preview:
Saturday June 6, 2015 10:00 am - 2:00 pm
Wednesday June 10, 2015 4:00 pm - 8:00 pm
Items are located at 5285 Madison Pike Independence, Ky 41051
Buyer’s Premium: A 10% buyer’s premium will be added to the winning bid to determine the final selling price.
Payment Terms:All items must be paid for in full prior to removal and not later than 4:00pm on Saturday June 13, 2015 . Payment may be made by cash, Cashiers check or online only by credit card.
Removal Terms: Check-out and pickup will be on Friday, June12 from Noon - 4:00 pm, and Saturday, June 13, from 10-4 pm. Buyers must provide their own labor, packing materials, and boxes.
Shipping: Northern Kentucky Auction, LLC. does not provide shipping. Buyers must make their own arrangements for shipping.
Registration: Registration is free but does require several important pieces of information. As with our live auctions, bidders must be registered with a full name, address, and telephone number. An email address is also required so bidders may be sent winning bid notifications and auction invoices. Information from a credit card is to be held on file. This information is obtained to deter defunct bidding. The account will be charged in the event that an item has been unpaid after the allotted time for payment has passed. Registration may only be completed with an acknowledgment that the bidder has read and understood all terms and conditions for the sale and online bidding. Each registered bidder will be assigned a bid number which may be used on this auction.
To Register, first READ ALL TERMS & CONDITIONS, then click the "register" link at the top of any page. Merchandise: All descriptions and information are believed correct, but are not guaranteed and as such the Auctioneers, Northern Kentucky Auction LLC, and/or the Seller shall not be held liable for inaccuracies in the information. It is the Bidders responsibility to obtain or verify, prior to bidding, any information they consider critical to their decision to purchase. Preview times are available for potential bidders to physically inspect the items. All bidders must inspect and research all aspects of the items, descriptions and information provided to their complete and full satisfaction prior to bidding. The items are being sold “as-is” “where-is” with no warranties or guarantees of any kind including merchantability and/or fitness for particular purpose.
Bidding: Online bidding is to be understood as a binding contract. Bids will be taken with the understanding that the bidder will honor their winning bid with sufficient funds including all applicable taxes and fees. Do not bid if you do not intend to pay. Notification of winning bids will be sent via email along with an auction invoice within 24 hours of the auction’s close. Bidding can be made using two methods on our website- “Your Bid” and “Your Maximum.”
“Your Bid:” This feature allows the bidder to input a single bid as in a live auction. For example: the bid for item #1 is currently $2,000 placed by bidder A. Bidder B wishes to bid $2,500. By placing a bid of $2,500 in the “Your Bid” box, Bidder B now has the current winning bid. If Bidder A wishes, he/she may bid again, continuing the auction cycle.
“Your Maximum:” This feature does your bidding without the bidder having to constantly view, log in, and bid on an item. Setting a maximum online is much like coming to a live auction with a preset spending limit in mind. The program will bid for you, in the prescribed increments, and only up to your spending limit for the item. For example: item #3 is currently at $5,000 with Bidder A having the winning bid. Bidder B wants to place a bid and is willing to spend as much as $7,500 for item #3. If Bidder B places a maximum bid of $7,500, the price of the item rises only to $5,050. Bidder A returns to the item online and places his/her maximum bid at $5,250. The program automatically does the bidding: A-$5,100, B-$5,150, A-$5,200, B-$5,250. The bidding stops at $5,250 with Bidder B winning because the next bid would be $5,300, which is more than Bidder A’s limit. Maximum bids are kept confidential. Any bidder can raise a bid or a maximum bid at any time prior to the close of the auction.
Sales Tax: All sales are subject to 6% Kentucky Sales and Use Tax.
Up to $19.99 - $1.00 increment
Up to $49.99 - $2.00 increment
Up to $99.99 - $5.00 increment
Up to $499.99 - $10.00 increment
Up to $999.99 - $25.00 increment
Up to $9,999.99 - $50.00 increment
Up to $49,999.99 - $100.00 increment
Up to $99.999.99 - $500.00 increment
Up to $249,999.99 - $1,000.00 increment
Up to $499,999.99 - $5,000.00 increment
Up to $999,999.00 - $7,500.00 increment
Up to 9,999,999.99 - $10,000 increment
Close of Bidding: The bidding will begin to close at 7:00 PM (Eastern time zone), Thursday June 11, 2015. For your convenience, the closing of items will be on a staggered basis of 5 items every minute. For example, items 1-5 will begin closing at 7:00, items 6-10 will begin closing at 7:01, items 11-15 will begin closing at 7:02, etc. The closing of some items may be extended in the event of last minute bidding. See paragraph below regarding the Extended Ending feature.
Extended Ending: The items in the auction will be subject to a extended ending, whereas at the close of the auction, any bidding activity on an item within 5 minutes of the closing time will automatically extend the bidding for 5 more minutes past the time of the last bid. The bidding on that lot will continue to remain open in 5 minute intervals as long as there is bidding activity within 5 minutes of the previous bid. Once there is no bidding activity for a 5 minute period, the bidding on that item will close. For example, if a lot is supposed to close at 7:00 PM but a last minute bid is placed at 6:59 PM, bidding will be extended until 7:04 PM. If another bid is placed on an item at 7:02 PM, bidding will then close at 7:07 PM, unless subsequent bids are placed.
Penalties: Any bidding found to be fraudulent and/or negligence to provide proper payment in the allotted time will result in all appropriate legal action. Any invoice not fully and properly paid for in the allotted time will be charged to the credit card account presented at registration and the items forfeited. Delinquencies will be noted and will prevent the individual from participating in any further live or online auctions conducted by Northern Kentucky Auction, LLC.
Northern Kentucky Auction, LLC . retains the right to prevent anyone from participating in this and future online auctions who does not abide by the terms and conditions of the auction or whose actions are not in the best interest of our client, the Seller.
Auctioneer's Right to Bid: In accordance with KRS330.220(6)(a), it is hereby disclosed that, with permission from the seller, the auctioneer and any auction staff members reserve the right to bid on their own personal behalf.
Seller User Terms
Bidder User Terms