Bidspotter.com-Live Internet Auction Broadcasting-Live Event Information-2010-09-03

BidSpotter.com BidSpotter Live Internet Auctions and Auctioneers bidding is easy! Auction software leaders

http://www.keyauctioneers.com

Name

Paddock Parts

Where

7565 South State Road 109
Knightstown IN USA

When

Thursday, July 29th, 2010
Scheduled start time: 9:00 AM US Central Time

Selling Currency & Internet Fee/Buyer Premium

Currency: USD IF/BP:15.0%

Contact

Phone: 317-244-3728
Email: info@keyauctioneers.com

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Preview Inventory & Place Bids (10 items)	Learn how to bid!
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Inventory liquidation of one of the most well-known collector car parts companies. Everything is being liquidated! 65,000 Muscle Car Parts in 10 large bulk lots online. Office and warehouse NOT being sold online

Terms of Sale

1. NO WARRANTIES – Everything is sold “AS IS / WHERE IS” with no warranties, representation or guarantees expressed, implied, or otherwise given.

2. SALES TAX – Sales tax WILL NOT be charged.

3. ADDITION TO OR WITHDRAWAL FROM SALE – The auction company reserves the right to withdraw from sale any of the items; to sell at this auction items not listed; to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. The auction company also reserves the right to sell all of the items listed in bulk.

4. PAYMENT – To bid, you must have verified funds available 24 hours prior to the auction.  Funds for your maximum bid amount plus buyer's premium may be made by Wire Transfer to be received no later than 24 hours prior to the auction for your maximum bid amount.  Your other option is to submit your Visa, MasterCard, Amex or Discover card information to be verified.  You will be required upon registration to specify an “up to” bid amount, which will be verified on your credit card.  Please note that the bank sets aside the verified funds for recapture by Auction Company if you are the successful bidder.  Your card will not be charged unless you are the successful bidder; however held funds may take a few days to become available again after verification.

5. DISPUTE BETWEEN BIDDERS – If there is any dispute between two or more bidders, the auction company or it's auctioneer, may decide the successful bidder, or may resell by immediately putting the lots up for sale again. The decision of the auction company, or its’ auctioneer, shall be final and absolute.

6. CONDITION OF ITEMS SOLD – All information is believed to be accurate, but the auction company shall not be responsible for the correct description, authenticity, genuineness of, or defect in, any lot, and makes no warranty in connection therewith. No allowances will be made or sale set aside because of any incorrectness, error in cataloging or any imperfection not noted. No deduction will be allowed on damaged articles as all goods being exposed for public exhibition are sold “as is” and without recourse.

7. BIDS – All bids are subject to all terms and conditions of sale as listed herein or announced at the auction sale. When a bid for all goods in its’ entirety is offered, the highest price gained for the goods will be considered the successful bid and all other bids on separate items shall be considered unsuccessful.  All absentee bids will be held in confidence. Auction Company may have a principal interest in this sale. Third party creditors reserve the right to bid at this auction.

8. COMPLIANCE WITH THE TERMS OF SALE – In default of payment of bills in full within the time announced for this auction the auction company in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for within the time specified herein may be resold at public or private sale without further notice. Any resulting deficiency together with all expenses and costs of re-sale will be the responsibility of the defaulting purchaser. Each buyer in making a bid does herewith agree to comply with the terms and conditions as herein stated and as otherwise set forth. The failure or default by a successful buyer to fully comply with the terms and conditions herein will be treated as an immediate breach. Any deposit made shall be retained and applied toward any deficit in additional costs or charges as incurred to affect the resale of that property at private or public sale. There shall be no further notice required to the buyer once default has occurred. The obligation of the buyer shall be for costs as incurred, plus any deficit included arising from the buyers’ default.

9. AUCTION COMPANY – The auction company, when acting as Agent, is not responsible for the act of its principals.

10. OWNERSHIP – All items become the sole responsibility of the purchaser when auctioneer confirms your number as successful bidder.  Although the auction company will exhibit reasonable care to safeguard purchases until removed by purchaser, no refunds or adjustments will be allowed for any shortages.

11. REMOVAL – Removal of purchased items shall be at the expense, liability, and risk of the purchaser. Purchases can be removed upon presentation of paid receipt to Auction Staff.  Purchases may be paid for and removed at any time during the auction as long as the auction is not disrupted by this activity. 
 
Dates/Removal Times:  The Buyer is responsible for the removal of all Merchandise purchased.  The Buyer is responsible to provide at its own sole cost and expense, any labor, materials, equipment, and other things or services necessary to remove the Merchandise.  Merchandise purchased by the Buyer must be removed within two (2) days of the close of the auction. Any Merchandise not removed within this time period may be stored by the owner of the Real Estate in such a manner as the owner of the Real Estate deems appropriate in its sole discretion. In the event that the Buyer does not remove the Merchandise within the time period set forth above, the Buyer shall be liable to the owner of the Real Estate for all costs and expenses in connection with such storage.  Neither the Auction Company nor the owner of the Real Estate is responsible for any loss or damage to the Merchandise which is left on the Real Estate. The Buyer solely bears the risk of loss after the auction and during any period that the Merchandise is left on the Real Estate, and the owner of the Real Estate shall have no duty to preserve, protect, or otherwise care for the Merchandise.

Notwithstanding anything to the contrary contained herein, in the event that the Buyer has not removed the Merchandise within five (5) days after the close of the Auction, the Buyer expressly agrees that it shall have abandoned the Merchandise and the owner of the Real Estate shall dispose of the property as it chooses to do so in its sole discretion.  The Buyer further agrees that the Purchase Price shall be retained as liquidated damages and that the Buyer shall not pursue any action for the recovery of the Merchandise or the Purchase Price against the owner of the Real Estate, the Auction Company or any agent, employee, or representative thereof.

12. NON-DELIVERY RESPONSIBILITY & ABANDONMENT – Purchaser is responsible for removal of all their purchased items. No abandonment of purchased items is allowed. Purchaser will be responsible to pay the full cost of removal or disposal of abandoned items. Auction Company shall not, in any event, be liable for non-removal or abandonment, or for any other matter to any purchaser of any lot.

13. PERSONAL AND PROPERTY RISK – Persons attending during exhibition, sale, or removal of goods assume all risks of damage or loss to person and property and specifically release and indemnify the auction company from liability therefore. Neither the auction company nor his principal or seller shall be liable by reason of any defect in, or condition of, the premises in which the sale is held.

14. RECORDS – The record of sale kept by the Auction Company and bookkeeper will be taken as final in the event of any dispute.

15. NOMINAL BIDS – Any bid that is merely a nominal bid may be rejected by the Auction Company, or the auctioneer may reject fractional advance, if in his judgment it may adversely affect the sale.

16. THE BUYER does hereby assume and does agree to indemnify and hold the auction company and seller harmless from any future claim that shall pertain to the fitness or use of that asset as being purchased.

17. ADDITIONAL TERMS AND CONDITIONS – Additional terms and conditions of sale may be added by Auction Company by announcement or posted on the premises prior to the auction.

18. BUYER’S PREMIUM – A 5% Buyer’s Premium will be added to the bid price for purchases made through Bidspotter.com.

19.	Buyer’s Responsibility for Damage. Buyer shall be responsible for any and all actual, consequential, and incidental damages to the Real Estate or other property located on the Real Estate caused directly or indirectly by the Buyer, his agent, employees, or independent contractors during rigging or removal.  The Buyer shall also be responsible for the reasonable attorney’s fees of any party that is forced to bring suit against the Buyer to enforce this paragraph or the terms and conditions of this Agreement.

20.	Governing Law Jurisdiction and Venue. Any dispute arising out of the Auction, the purchase of any Merchandise, the removal of any Merchandise, or anything in any way connected to this agreement, shall be governed by the laws of the State of Indiana. The Bidder/Buyer expressly agrees that any legal action shall be brought in the state court located in Indianapolis, Indiana and the Bidder/Buyer waives any right to assert the doctrine of “forum non-conveniens” or to object to venue under any other applicable statute, rule, or right.

10 Large lots only. If you are looking for a bumper by itself - you must attend the live auction.

If you agree to the terms and conditions above you may register for this event. Registering for this event means you agree to both the BidSpotter.com website terms and conditions and also Key Auctioneers terms and conditions for this auction.

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