The term Participant includes, but is not limited to, Attendees, Registered Bidders, Bidders, and Buyers. "Participant" means any person who attends, or otherwise participates in, the Auction (in person or remotely). A No Sale does not occur if bidding is suspended without the express declaration of a "No Sale" or a pass of the Lot. "No Sale" means, with respect to any Lot, that the Lot has been offered at the Auction but was not Knocked- Down or sold (i) because no bids were accepted for the Lot, (ii) because the Reserve Price or other conditions of Reserve have not been met, or (iii) because of any other reason. "Lot" refers to (i) each item of Property offered by itself, or (ii) any grouping of items that are aggregated for a single sale at the Auction, as the case may be. "Knocked-Down" or "Knock-Down" means the act of the Calling Auctioneer in acknowledging the highest bid for an item of Property with the Fall of the Hammer, by announcing "sold", or by giving a similar such indication (see "Struck Off" or "Strikes Off"). "Hammer Price" means, with respect to each Lot offered at the Auction, the price established when such Property is Knocked-Down or Struck Off. "Fall of the Hammer" means the point at which the Calling Auctioneer announces (either verbally, by the clap of a gavel, or by other customary manner), that bidding has been completed with respect to a Lot. "Calling Auctioneer" with respect to each Lot offered for sale at the Auction, means the individual auctioneer calling for, or soliciting, bids on such Lot. The Buyer's Premium will be added to the Hammer Price to determine the Purchase Price and to calculate any applicable taxes. "Buyer's Premium" means an amount with respect to each Lot or other Property sold at the Auction conducted by Auctioneer, calculated as a percentage of the Hammer Price, that is payable by the Buyer to Auctioneer for Auctioneer's own account. "Buyer" means, with respect to each Lot Knocked-Down at the Auction, the Winning Bidder. "Bidder Terms and Conditions" means these Bidder Terms and Conditions, as amended from time to time. "Bidder Registration" means the information provided by a prospective Bidder, and the process of registering such prospective Bidder, to bid at the Auction, including the prospective Bidder's agreement to be bound by these Bidder terms and Conditions. "Bidder Number" means the number issued by Auctioneer to a Registered Bidder for the purposes of identifying bids to such Registered Bidder. "Bidder" means any person or entity that makes a bid at the Auction, whether in person, by proxy, by telephonic communications, online, through an Absentee Bid, or otherwise. "Auction Site" means the physical location of the Auction. "Auction" means the auction sale conducted by Auctioneer at which the Property is offered, or is scheduled to be offered, for bid. "Attendee" means any person who attends the Auction, whether a Registered Bidder or not. No Property is offered at absolute auction unless specifically and expressly stated in writing. Once the bidding begins, property that is offered for sale at an Absolute Auction will be sold to the highest bidder regardless of the final bid amount. This type of auction is also known as an auction Without Reserve. "Absolute Auction" or "Absolute" applies only if and when expressly indicated and means an auction at which property is sold to the highest bidder regardless of the amount of the final bid, with no limiting conditions, restrictions, or reservations. "Absentee Bidder" means a person or entity who has submitted an Absentee Bid. "Absentee Bid" means a bid on Property offered at the Auction that has been submitted by an Absenteeīidder with instructions for the execution of such bid during the Auction. The following definitions apply to these Bidder Terms and Conditions:
By participating in the Auction (either in person or remotely), each Participant agrees to be bound by, and to abide by, these Bidder Terms and Conditions.ģ. The Auction is conducted in accordance with these Bidder Terms and Conditions. Auction Conducted in Accordance with These Bidder Terms and Conditions.
HANDY ANDY TOOL SET LICENSE NUMBER
Auctioneer is a licensed auction company in the Commonwealth of Pennsylvania (PA License Number AU005986).Ģ. LETTIERI, III, 1148 Capouse Avenue, Scranton, PA 18509 ("Auctioneer") and constitute a legal, valid, binding, and enforceable contract between Auctioneer and each Participant, and will be incorporated into the contract for of sale between each Buyer and Seller as Lots are Struck Off at the Auction.ġ. These Bidder Terms and Conditions apply to Auctions conducted by JOHN M. All sales are final with no implied warranties
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