Thank you for your interest in this online auction brought to you by Auction Markets, LLC (“Auction Markets” and/or “Auctioneer”) in cooperation with Trading Partners International, our auction partner.
PLEASE READ ALL TERMS AND CONDITIONS BEFORE BIDDING. BY BIDDING, YOU ARE AGREEING TO THESE TERMS AND CONDITIONS.
PLEASE NOTE THAT ALL ONLINE AUCTION SYSTEMS AND BIDDING APPS ARE SUBJECT TO VARIOUS INTERNET SPEEDS. YOU ARE ENCOURAGED TO USE THE MAXIMUM BID FEATURE AND YOU ARE ENCOURAGED TO NOT BID "AT THE LAST SECOND". ENTER YOUR BIDS PROMPTLY TO ALLOW THE ONLINE SYSTEM TO PROCESS ALL BIDS IN A TIMELY FASHION. GOOD LUCK!
15% Buyers Premium and Maryland Sales Tax
. A 15% Buyers Premium applies to all bids and is due and payable in full with the final payment. Unless you are tax exempt, the winning bidder is responsible for paying a 6.0% sales tax on their entire purchase directly to the Auction Company. For example, if you are the winning bidder for $10,000.00, a 15% Buyers Premium will be added ($1,500.00), resulting in a $1,500.00 sales price. The 6% sales tax will be calculated on the $1,500.00 sales price, resulting in a final purchase price due to Auction Markets of $1,590.00. No sales tax will be charged on any vehicle purchases, to out-of-state buyers that have their purchase shipped to them and to tax-exempt resellers that provide a tax-exempt certificate to Auction Markets prior to payment. All Maryland residents are subject to payment of the 6% sales tax. Auction Markets reserves the right to reject any tax-exempt certificate it does not deem to be valid and the buyer will be required to apply for a tax refund from the State of Maryland.
Payment may only be made by wire transfer in US Dollars only. No credit cards or checks will be accepted. Please do not bid unless you have the financial resources to immediately pay for your purchase. Final payment for your purchase must be made by Tuesday, November 21, 2017 prior to taking possession of your purchases. Wiring instructions will be delivered to the successful bidder. No bidder may pick-up their purchase until the entire purchase price has been received by Auction Markets. The initiation of a wire transfer is not considered payment. The funds must be received by Auction Markets prior to pick-up. You are strongly encouraged to initiate all wire transfers by 2:00pm EST on each business day to insure timely payment.
This is an online auction with very specific terms and conditions that you are agreeing to abide by when you bid. You understand that there are specific legal consequences if you do not follow through with your obligations. Therefore, at Auction Markets, we do not require credit card authorizations prior to bidding and we trust that when you bid, you will follow through with your bid. We may, at our discretion, require proof of funds prior to accepting your registration. We have a “One Strike” policy. If you are a winning bidder and you default on any part of your purchase, for any reason, including that you decide you only want some of the items you purchased, you will (a) be immediately banned from participating in all future Auction Markets auctions, (b) be subject to litigation, specific performance and enforcement of your bid, including but not limited to either payment in full of your bid plus all legal fees associated with enforcement of your bid and/or payment of any difference between your bid price and the re-sales price and all costs of re-sale in the event we re-sell the item(s) you defaulted on and (c) other legal remedies available to Auction Markets for damages caused. If you do not pay for your item(s) by the payment due date, we reserve the right to immediately re-sell the item without further notice. We have no obligation to “work with you” or “wait for payment”. Please remember that when you bid online, your bid is binding and you are contractually obligated to pay for your purchases if you are the winning bidder. If you are unsure if you have the financial ability to pay for your purchases with cash or wire transfer by the payment deadline, then please do not bid.
You are encouraged to attend one of our scheduled previews to inspect the assets prior to bidding.
. All of our auctions will extend an additional three minutes each time there is bidding activity within the last three minutes of any individual item auction closing and will continue to extend three minutes until there is no more bidding activity within the last three minutes. You are strongly encouraged to use the maximum bid feature so the online platform can automatically enter your bid. In order to enter your maximum bid on a Lot, simply enter your highest bid and the bidding platform will enter the next highest bid for you and will raise your bid only by the next increment. For instance, if the current bid is $50,000.00, the minimum bidding increment is $1,000.00 and your maximum bid is $100,000.00, when you enter your maximum bid for $100,000.00, the bidding platform will only increase the bid to $51,000.00 (the current bid plus the $1,000.00 minimum bidding increment). If nobody else bids, you are the high bidder for $51,000.00. If another bid is entered for $52,000.00, then the bidding platform will automatically increase your bid to $53,000.00. This will continue until your maximum bid is reached or you are declared the high bidder.
If at any time during the auction you mistakenly make a bid that needs to be correct, such as bidding $500,000 instead of $50,000, please immediately email Auction Markets at firstname.lastname@example.org
to report the error. Please write in the subject line – URGENT BIDDING MISTAKE – or similar text to notify us of the mistake and we will attempt to correct it promptly.
. We have taken great care to accurately describe each asset being sold. Regardless, all assets are being sold in "AS-IS, WHERE-IS" condition and with all faults. Auction Markets, the Secured Creditor, and their representatives, make no representation, guaranty, or warranty, express or implied, as to the nature, quality, value, provenance, use, merchantability, marketability, completeness, or condition of any asset. Auction Markets and the Secured Creditor expressly disclaim any warranty of merchantability or fitness for a particular purpose. No sale shall be invalidated by reason of any defect or inaccuracy in any description or listing, and no liability shall be borne by Auction Markets with respect to such errors. All information has been obtained from sources generally believed to be reliable, but the accuracy cannot be guaranteed or warranted by Auction Markets. By bidding you acknowledge it is your responsibility to inspect the asset(s) being sold and to make your own inquires and conclusions prior to bidding. Please submit any inquiries about any item being sold to email@example.com
It is the responsibility of the buyer to take the necessary steps to perfect legal ownership and title in and to any trademarks or copyrights, if such exist.
Provenance and Authenticity.
All items described are based on our research, based on the label(s) on the item(s) being sold and based on our conversation(s) with the former owner or Debtor. While we have taken great care to provide the most accurate description(s), we do not take responsibility for any errors whatsoever in any description(s). All measurements are approximate. All assets are being sold in "AS-IS, WHERE-IS" condition and with all faults. Auction Markets, the Secured Creditor, and their representatives make no representation, guaranty, or warranty, express or implied, as to the nature, quality, value, provenance, use, merchantability, marketability, completeness, or condition of any asset. By bidding you acknowledge it is your responsibility to inspect the asset(s) being sold and to make your own inquires and conclusions prior to bidding. Please submit any inquiries about any item being sold to firstname.lastname@example.org.
The assets are available for inspection on Tuesday, November 7th from 9:30am to 11:30am. For more information, please contact Vlad Volinsky, Trading Partners International at 410-654-4424 x206 and vladimir@TradingPartnersIntl.com
or Gale Duell, Trading Partners International at 410-654-4424 x201 and gale@TradingPartnersIntl.com
. The assets are located at 6900 English Muffin Way, Bay Q, Frederick, Maryland 21703.
No shipping services are provided by Auction Markets or Trading Partners International for this auction. However, the printers are on pallets and ready to be picked up by a transportation company. The winning bidder is responsible for arranging the pick-up of their purchases by November 21, 2017 by 5pm.
Time is of the Essence
. Time is of the essence with respect to all timelines and deadlines described in these terms and conditions. All times are local time. These terms and conditions are subject to change prior to the start of the auction. Additional terms and conditions may be included in the individual lot descriptions.