Name Colchester Lathe Online Auction #559
Auctioneer 403 Auction
Type Online-Only Auction
Date(s) 5/2/2012 - 5/10/2012
Location 6-3620B Laird Road
Mississauga, ON L5L6A9
Buyer Premium 15% Buyers premium applies
Colchester Lathe Online Only Auction May 2nd - May 10th, 2012 Bids accepted Online from May 2nd - Thursday May 10th at 3PM Online Only traditional style bidding Auction. If you are unable to bid online or do not feel comfortable to, Advanced bids will be accepted in writing at our offices until May 9th at 4PM. ***Preview** : Item is as described and pictured, item is located in a secure facility and no physical preview is available. ** Removal** : Winners will be notified within 24 Hours of Auction end. All items must be paid for in full by Friday Monday May 14th at 3PM and removed by Tuesday May 15th at 5PM. Bidders agree that any item not paid for and picked up by this time will be subject to a $500.00 Transportation and administration fee to have the item moved to our facility (item has to be removed by the 15th one way or the other)and authorize us to bill the registered credit card directly. Storage fees will apply on a daily basis starting May 17th at a rate of $50 per pallet per day for any items not picked up during the alotted time. Payment must be made in person at our facility, if not paying in person payment must be made via bank wire transfer. Items are to be removed and picked up at the buyers expense FOB a Dixie and 401 Area Mississauga warehouse.
Auction Terms & Conditions IDENTIFICATION: We collect information on you because we need to know that you are a REAL PERSON. We use our Auction software company Auction flex with whom we have been using for over 5 years to verify credit card information to ensure you are a real and legitimate bidder. They can provide a level of encyption and security that is far beyond our capabilities to ensure a secure verification. They may charge you a $1.00 Fee the first time you register (to verify it is a valid credit card) for online bidding. You will then be able to bid on all our future online sales (To be held monthly). If you do not feel comfortable registering online(Or do not have a valid credit card) you will be able to place a bid in person, onsite during the specified preview times only, ID and a cash deposit will be required to do this. PAYMENT: All payments must be made in person in full by Monday May 14th at 3PM, any payments not received by that time will have the registers credit card billed directly (additional charges of taxes and 15% buyers premium will apply,as well as and administration fee). We do not accept payments over the phone. STORAGE: Any items not picked up by Tuesday May 15th at 3PM will incur storage fees at a rate of $50 per pallet per day. After 30 days or when the storage fee exceeds the items value, the item will be deemed abandoned and will be resold or disposed of at our discretion. REVIEW BIDS: You can check your bids at anytime during the auction by clicking 'review bids' in 'bidder tools'. NOTIFICATION: You can choose to be notified by email during the auction if you have been outbid. Please note that outbid notifications are not sent out during the last two hours of the sale. **** (THIS DOES NOT APPLY TO SEALED BID AUCTIONS)**** INVOICING WINNERS: You will receive an invoice via email within 48 hours of the auction closing. REMOVAL: Buyers are responsible for the safe removal of all items from their place at time of Auction. Buyers are responsible for any and all damages to the building they cause while on the premises. REMOVAL/PICKUP: Pickup is to be scheduled for Monday May 14th or Tuesday May 15th from 8AM-4PM (an Appointment is neccessary. CONDITIONS OF ARTICLES SOLD: As is, where is. You accept items in place with all faults with no guarantees they are fit for any particular use. There are no warranties expressed or implied. CLAIMS: No claim will be allowed after removal of goods from premises. RISK TO PERSON AND PROPERTY: Please take care of yourself & items as you have released us from liability. ADDITION TO OR WITHDRAWAL FROM SALE: We may remove/add lots/items to the sale if we must. RECORDS: In the unlikely event of a dispute, you agree to accept our records as if they were written in stone. SOFT CLOSE: Items close every second. To prevent a bidder from 'sniping', all bids made in the last minute of the auction will force an item to stay open for an additional 3 minutes. This will continue until all bidding has ceased. **this des not apply to sealed bid auctions** STRATEGY: Enter your highest bid and the computer will only raise your bid as others bid. If you enter $500.00 and the next closest bid is $300 you would get the item for $310.00 even though you entered a bid of $500.00. This helps eliminate outbidding as the auction closes as well as it covers you if you don't have access to a computer when the auction is ending. CATALOGUE ERRORS: If a description does not match a picture in a lot, the description takes precedence. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 24.00 1.00 CDN
24.01 - 195.00 5.00 CDN
195.01 - 490.00 10.00 CDN
490.01 - 975.00 25.00 CDN
975.01 - 1,950.00 50.00 CDN
1,950.01 - 9,999,999.99 100.00 CDN
Currency CDN
Buyer Premium 15% Buyers premium applies