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TERMS & CONDITIONS: PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING. IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, PLEASE DO NOT BID. BY BIDDING ON THIS AUCTION, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE ITEMS(S) UNDER THE FOLLOWING TERMS AND CONDITIONS:
GROUPED EXTENDED BIDDING / SOFT CLOSE
This auction utilizes a Grouped Extended Bidding (“Soft Close”) format. Certain items may be placed into bidding groups, meaning those items are linked together and will remain open and close together based on bidding activity. If a bid is placed on any item within a bidding group during the final extension period, the closing time for all items within that group will automatically extend by an additional period of time. Each additional bid placed on any item within the group during an extension period will continue to extend the closing time for the entire group until no further bids are received. The posted closing time is the earliest possible closing time and not a guaranteed closing time. This bidding method is designed to give all bidders a fair and equal opportunity to participate while preventing last-second bidding practices commonly referred to as “sniping.”
- Extended Bidding Time Increments
- During the first 30 minutes of extended bidding, all bid extensions will be 5 minutes.
- During the second 30 minutes of extended bidding, all bid extensions will be 3 minutes.
- During the third 30 minutes of extended bidding, all bid extensions will be 2 minutes.
- After the first 90 minutes of extended bidding, all bid extensions will be reduced to 1 minute and will continue in 1-minute increments until all items are sold.
- Example of Grouped Extended Bidding:
Items 101, 102, and 103 are grouped together and scheduled to close at 6:00 PM. If a bid is placed on Item 102 at 5:59 PM, all three items will automatically extend beyond 6:00 PM. If another bid is later placed on Item 101 during the extension period, all three items will extend again. If additional bidding continues into later extension periods, the extension times will reduce according to the posted bidding increment schedule until the auction reaches 1-minute extensions and finally closes when no additional bids are received.
#1. Bidder Verification:
Bidding rights are provisional, and if identity verification is questionable, Lawson Co. Auctioneers, has the right to reject the registration, and bidding activity will be terminated. The Seller and Lawson Co. Auctioneers reserve the right to preclude any person from bidding if there is any question as to the person’s credential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
#2. Technical Issues:
In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Lawson Co. Auctioneers, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Lawson Co. Auctioneers, LLC, shall be held responsible for the failure of the software to function properly for any reason.
#3. Auctioneers right to bid:
The Auctioneer, Agent, Broker, and auction staff shall have the option to bid and buy at this auction.
#4. Additional Conditions:
This property is being sold for cash “as-is, where-is” with a deadline. No guarantee on condition or authenticity of any items. It is incumbent on the bidder to use their best judgment on the condition and value of the lot or item. DISCLAMER: All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience, and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections
#5. Payment and 10% buyers fee & Tax.
All personal property sold is subject to a 10% buyers premium, 6% Ky sales tax. There is a $2,500 charge limit on cards. You may use other forms as payment to pay remaining balance. We Reserve the right to charge your card if you are the winning bidder and you don't pick up the item. In such as case we reserve the right to resell the lot or item if not picked up within two weeks of the close of the auction.
#6. Altering terms:
Lawson Co. Auctioneers, LLC., reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.
YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND LAWSON CO. AUCTIONEERS. THANK YOU FOR PARTICIPATING IN OUR AUCTION!
Local Pickup: local pickup can be arranged at a designated time and location. Please contact us within 5 days of auction end to coordinate pickup. Late Fees will apply for items not picked up on designated date. **See Pick up terms above.**
