Lot- Tools

Auction Terms & ConditionsThese Terms and Conditions constitute a legally binding agreement between the bidder (“Bidder”) and Pearce & Associates Auction Company (“Auctioneer”). By registering and bidding, you agree to all terms outlined herein.1. General TermsAll property is sold AS IS, WHERE IS, with all faults and without warranty of any kind, expressed or implied.Auctioneer makes every effort to provide accurate descriptions; however, all descriptions, statements, and representations are matters of opinion only and are not guarantees.Bidders are strongly encouraged to inspect all items prior to bidding.All sales are final. No refunds, returns, or chargebacks will be permitted.Auctioneer reserves the right to:Add or remove itemsCancel or postpone the auctionReject any bid or bidder at its sole discretion2. Bidding & Auction ProcessThis auction utilizes an Auto-Extension (soft close) feature.If a bid is placed on a lot within the final 5 minutes:That lot will extend an additional 5 minutesBidding will continue until no bids are placed for 5 minutes consecutivelyMax Bid / Proxy BiddingWhen placing a max bid:The system will automatically bid on your behalfYour max bid is not immediately shownThe system only increases bids as competing bids are placed3. Buyer’s Premium & TaxesA Buyer’s Premium will be added to all purchases:15% on items under $10,00010% on items $10,000 and aboveApplicable sales tax will be collected unless a valid resale certificate is provided.For titled items (vehicles, vessels, etc.):Sales tax will be paid at the time of registration per state law4. Payment TermsAccepted forms of payment:CashCertified FundsWire TransferCredit Card (up to $2,500)A 3% processing fee applies to all credit card transactions.All invoices must be paid within 2 business days of auction close unless otherwise stated.5. Default & Non-PaymentFailure to pay within the stated timeframe constitutes default.In the event of default:The bidder may be revoked from future auctions (including MarkNet platforms)The Auctioneer may charge the bidder’s credit card on fileThe bidder remains liable for the full purchase amountItems may be resold without notice6. Pickup, Removal & AbandonmentAll items must be removed within the scheduled pickup period.Failure to remove items will result in:Items being deemed abandonedOwnership reverting to seller or AuctioneerNo refunds issuedAuctioneer is not responsible for:DamageTheftStorage of items after auctionAny assistance provided by Auctioneer staff is at the bidder’s risk.7. Condition of ItemsAll items are sold AS IS, WHERE IS.No guarantees are made regarding:ConditionAuthenticityFunctionalityCompletenessNo allowances will be made for:Errors in catalogingDefects not disclosed8. Bidder ResponsibilitiesBidders are responsible for:Maintaining confidentiality of login credentialsAll activity is conducted under their accountAny misuse of the platform or violation of laws will result in the termination of bidding privileges.9. Credit Card AuthorizationBy registering, bidder agrees:Auctioneer may charge the card on file for unpaid invoicesCard may be charged if bidder fails to complete payment or pickupBidder will not dispute or chargeback valid chargesFailure to comply may result in:Legal actionPermanent bidding suspension10. Jewelry Disclaimer (If Applicable)Pearce & Associates Auctioneers are not certified gemologists.All jewelry descriptions and appraisals:Are provided by the sellerAre not guaranteedBuyers are strongly encouraged to inspect and verify all items prior to bidding.11. Legal & JurisdictionAll disputes shall be resolved in:Charleston County, South CarolinaBy participating, bidder agrees to jurisdiction and venue in this location.