| Buyer's Premium | Cap | ||
|---|---|---|---|
| 15.00% | $1,500.00 | ||
Auction Address: Mankato, MN 56001
Everything sells AS IS WHERE IS. Once you have been declared the winning bidder there can be no return or withdrawal of purchase. While every effort is made to disclose known defects and flaws that will substantially impact value, we have no personal knowledge of the assets being offered other than what is disclosed on each lot. Bidders understand that inspection is imperative to determining that the asset being offered is as described and suitable for their own purpose, by taking advantage of the inspection opportunity we offer. Bidder understands that, unless otherwise stated, items offered for sale are used/pre-owned and flaws and wear and tear should be expected.
Ownership transfers upon payment in full of your invoice. Should a dispute arise during or after the auction, Auctioneer and K-BID records shall be conclusive in all respects. This is a privately owned and operated auction company, and it is clearly understood and agreed that auctioneer represents the seller only.
Bids shall advance only as indicated by the increments published in these terms.
PAYMENT: Due to the value of certain items in this auction, invoices over $3,000.00 must be paid via certified funds (wire or cashier's check). Invoices under $3,000.00 can be paid by credit card through your K-BID bidder portal immediately after the conclusion of this auction. We will also accept certified bank check or cash at the time you pick up your purchases with advance notice of your intention to do so.
Please Note: Accounts without an established bidding history may also be required to use certified funds, or may experience a shipping delay of up to 30 days to allow payment to fully clear.
SALES TAX: Applicable Minnesota sales tax will be added to all purchases unless you have provided your current state of residence tax exemption form and state issued ID number to the auctioneer to adjust your invoice before payment.
BUYER’S PREMIUM OF 15% will be added to all purchases.
INSPECTION: Strictly by appointment only. Please indicate which lots you wish to preview when making the appointment. Assets are secured off site and only those lots you indicate will be brought to our appointment. Call Auctioneer Willa Dailey at 507-340-7555.
No removal or shipping arrangements until confirmation of payment as outlined above has been completed.
All bidders must register with K-BID according to their terms published for this auction in addition to complying with these Affiliate terms.
Purchases that are not removed by the appointed pickup time whether paid for or not, will be deemed ‘abandoned’. No refund or credit will be given and liquidation of these items shall be at the Auctioneer’s discretion. Failure to abide by these terms and conditions may result in penalties and/or a pause in your K-BID account bidding privileges.
Do not bid on this auction if you cannot comply with these terms, payment, inspection, and pickup schedule.
This auction is contracted and managed by an independent affiliate. By placing a bid on this auction, you are agreeing to the auction specific terms listed on this page in additions to the K-BID user terms and agreements.
K-BID Online, Inc. (K-BID) is responsible for maintaining the K-BID.com website. K-BID.com serves as the venue used by independent auction companies (Affiliates) to present their online auctions to bidders.
K-BID’s role in the auctions listed on K-BID.com is limited to providing the venue for affiliate auctions. Affiliates are not employees, agents, representatives or partners of K-BID Online, Inc. K-BID’s knowledge about individual auctions and individual auction transactions is limited to the information appearing on the website.
By placing a bid on K-BID.com, bidders are verifying they are at least 18 years old and acknowledging they understand and will comply with both the K-BID.com website terms and the auction specific terms. Bidders MUST NOT share their password or account information with anyone. Bidders are responsible for bids placed on their account.
Inspection dates/times are available for every auction. Bidders are strongly encouraged to inspect prior to placing bids. Removal day is not inspection day. When an auction ends, and the winning bidder invoice appears on the bidder’s dashboard, the bidder is obligated to honor their bid(s).
Every auction item is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase.
Bidders are responsible for knowing and complying with auction terms. Failure to comply with removal terms may result in bidding privileges being disabled. Once a bid is placed it cannot be retracted.
Sellers and their agents are prohibited from bidding on their own assets.
Items with a reserve will not be sold unless the reserve price has been met.
At the close of the auction, active items will remain open until no bids have been received for three minutes.
Applicable sales tax will be collected by the affiliate managing the auction.
In the event that bidding rights are terminated due to no-show invoices, bidders MAY be reinstated at the discretion of K-BID only after a penalty fee of 20% of the unpaid invoice(s) and a reinstatement fee of $25.00 has been paid to K-BID and a scanned copy of your driver's license emailed to us. INVOICED ITEMS WILL NOT BE AWARDED. The payment is punitive and meant to deter no-shows. Duplicate bidder accounts will be deactivated when they are determined to exist. If possible and at our discretion, K-BID reserves the right to delete any bid we believe has been placed by a suspect bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until the user is verified. K-BID Online, Inc reserves the right to disallow anybody from bidding on its website. Cases of obvious bidding with no intent to redeem will be referred to appropriate legal authorities.
Affiliates may lower a lot reserve at any time before or after an auction closes. If the reserve is lowered while the auction is in progress, the applicable reserve message will appear below the Next Required Bid information (Reserve Not Met or Reserve Has Been Met); the asset will sell to the high bidder if the lowered reserve amount is met. If the reserve is lowered after the auction closes, the highest bidder at auction close will receive a winning bidder invoice.
Once an auction begins its closing process, outbid notifications will not be sent.
Once a bid is placed it cannot be retracted.