Auction Terms & Conditions PLEASE READ ALL TERMS AND CONDITIONS BEFORE BIDDING. BY BIDDING, YOU ARE AGREEING TO THESE TERMS AND CONDITIONS – These Terms and Conditions are general auction terms and conditions. Additional Terms and conditions specific to each individual auction my apply.
PLEASE NOTE THAT ALL ONLINE AUCTION SYSTEMS ARE SUBJECT TO VARIOUS INTERNET SPEEDS. YOU ARE ENCOURAGED TO USE THE MAX BID FEATURE AND YOU ARE ENCOURAGED TO NOT BID "AT THE LAST SECOND". ENTER YOUR BIDS PROMPTLY TO ALLOW THE ONLINE SYSTEM TO PROCESS ALL BIDS IN A TIMELY FASHION. GOOD LUCK!
A 10% Buyers Premium applies to all bids and is due and payable in full with the final payment. All assets can/will be charged to your cedit card on file soon after the auction closes. All credit cards transaction must clear before items can be removed, You will be emailed a paid invoice when your transaction has cleared. Paid invoices are required for item removal NO CREDIT CARD FEES WILL BE CHARGED TO THE BUYER.
All of our auctions feature a soft close. If a bid on any item is received within three minutes of close, that item will automatically extend for three minutes. Each time there is bidding activity within the last three minutes of the auction close bifdding will continue to extend three minutes until there is no bidding activity within the last three minutes of the current close time.
All assets are being sold in "As-Is, Where-Is" condition and with all faults. Neither the Seller nor Auctioneer makes any warranty, express or implied, as to the nature, quality, value or condition of any asset. Auctioneer and Seller expressly disclaim any warranty of merchantability or fitness for a particular use. No sale shall be invalidated by reason of any defect or inaccuracy in any description or listing, and no liability shall be borne by the Auctioneer with respect to such errors. All information has been obtained from sources generally believed to be reliable, but the accuracy cannot be guaranteed or warranted by the Auctioneer. Bidder acknowledges it is their responsibility to inspect all assets and to make their own inquires. Please verify all quantity counts. In the event of a quantity count difference, the final transaction price will be adjusted on a pro-rata basis only. IMPORTANT DISCLAIMER ON ASSET CONDITION - If you are purchasing any assets without viewing them, you are doing so at your own risk. We will do our best to provide photographs of each asset being sold. At Northern Kentucky Auction, we do not use "stock" photographs and use them to represent multiple lots. Our policy is to provide a photograph of every lot that you are purchasing.
Shipping and Removal - NORTHERN KENTUCKY AUCTION does not ship any items. Each auction will have a designated removal date. There will be no staff to help you box pack or load. You MUST bring boxes you own boxes, packing material and enough help to load items. Any assets not removed from the premises by at the close of the designated pivk up time become the property of the auction company. NO REFUNDS for items not picked up. Bidders may arrange shipping / moving with the company of their choosing. However, we do recommend Navis Pack and Ship and the UPS stores. Be sure to have the Auction Name and Lot numbers you plan to bid on so they will be able to give you an accurate estimate for shipping.
http://gonavis.com or http://theupsstore.com
Once items are released by the winning bidder to a third party, such as a shipping or moving company, Northern Kentucky Auction, LLC, assumes no liability.
Each winning bidder is responsible for paying 6.0% Kentucky sales tax (unless tax exempt) on their purchase directly to the Auction Company. If a winning bidder is exempt, they must provide a copy of their tax-exempt certificate to the Auction Company prior to or at time of registration. When registering for the auction, a tax-exempt buyer can add their tax exempt certificate to their registration profile.
Additional terms may be announced or modifications may be made, as necessary and items may be removed prior to any bids being received at the auctioneer's discretion. These terms are subject to change.
Maximum Bid: Using the "maximum bid" feature can be a real time and stress saver .
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.
Questions: All questions regarding any 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
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. 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.
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 Increments are used in all of our auctions. Increments reflect the minimum amount of bid increase for the designated dollar values :
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 the designated date and time. For your convenience, the closing of items will be on a staggered basis of 1 items every 10 seconds. For example, items 1-6 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 regarding the Extended Ending feature.
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