Auction Terms

	Buyer's Premium	Cap
	15.00%	$1,500.00

This auction is being conducted and managed by Dailey Realty and Auction Service, Mankato MN (hereafter the ‘Auctioneer’ or ‘Affiliate’)

Payment should be made immediately at the conclusion nof the auction by credit card on your K-BID account with maxium amount of $3,000.00. You may also pay in cash on site at loadout no later than Tuesday, September 1st or Wednesday, September 2nd between 12:00-6:00 p.m.

BUYER’S PREMIUM of 15% with a $1,500.00 cap will be added to all purchases.

All bidders must register with K-BID according to their terms published below for this auction in addition to complying with these Affiliate terms. Make sure your address and contact phone number and e-mail address on your account are correct so we and/or the shipper can get ahold of you if necessary!

Bidder understands that inspections are critical in their determination of value when bidding and should do so BEFORE advancing their bids at the end of the auction. Photos should be considered as part of the description. PICK UP DAY IS NOT INSPECTION DAY and no refunds, discounts or credits against your final winning bid price will be offered!

Should a dispute arise during or after the auction between bidders, 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 that auctioneer represents the seller only.

All assets on this auction sell AS IS WHERE IS with no warranties, either express or implied by the Affiliate, the U.S. Bankruptcy Trustee, or private consignors.

While every effort is made to disclose known defects and flaws that may substantially impact value, bidders are solely responsible to inspect in person. Bidder understands that, unless otherwise stated, items offered for sale are used/pre-owned and flaws and wear and tear should be expected. Any statements of general condition or visible flaws are opinions based on the Affiliate's visual inspection only.

Ownership transfers upon verification of payment in full to Affiliate's account or in cash at loadout. Purchases that are not removed by the last posted loadout time without directly contacting the auctioneer will be deemed abandoned. No refund or credit will be given to the purchaser and disposal of these items will be at the auctioneer's discretion. No exceptions.

Do not bid on this auction if you cannot comply with these terms! Failure to do so may result in fines and loss of bidding privileges on K-BID platform.

Auction Terms Addendum

This auction is contracted and managed by an independent affiliate. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.

Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies (“Affiliates”) to conduct online auctions.
Affiliates are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.

Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.

Bidders are responsible for all activity under their account.
Account information and passwords must not be shared.
All bids are binding and may not be retracted.

Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.

Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.

Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.

Auction Process

Items with a reserve will not sell unless the reserve price is met.
Affiliates may lower reserves at any time:
- During the auction: updated reserve status will be displayed.
- After closing: the highest bidder may be awarded the item if the reserve is lowered.
At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
Outbid notifications are not sent once an item enters the closing process.

Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.

If bidding privileges are suspended due to unpaid invoices:

Reinstatement is at K-BID’s discretion
Requires payment of:
- 20% penalty on unpaid invoice(s)
- $25 reinstatement fee
A valid government-issued ID must be provided
Unpaid items will not be awarded

Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.

Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.

Sales Tax
Applicable sales tax will be collected by the affiliate managing the auction.