To K-BID Customers,

We're writing to inform you of an upcoming change at K-BID.com. Effective 2/1/2024, Buyers Premium will be adjusted to 15% with a cap of $1,500. This change aligns us with industry standards and supports our network of 165 independent affiliate businesses facing increased expenses in today's economy.

These small, family-owned businesses are vital to the K-BID.com platform, and this adjustment will help them sustain their operations while ensuring we continue to provide the auctions you love.

Rest assured, our commitment to delivering an exceptional online auction experience remains unchanged. We greatly appreciate your continued support during this period of adjustment.

New auctions published on or after 2/1/2024 will reflect these changes. You can always view the Buyers’ Premium amount within the terms section of each auction.

Thank you for being part of the K-BID community.

Best regards,

Chris Schwartz

President

K-BID Online Inc.