TERMS AND CONDITIONS
This is a legal agreement between you, the buyer and/or seller, the website owner ( Auction Company ) CB10 Online Auction.
CB10 Online Auction may update the Terms and Conditions at will.
GENERAL USE PROVISIONS
CB10 Online Auction St Robert LLC, in its sole discretion may ban from further use any buyer or seller which may either believe to have in any way misrepresent itself or any items selling, failing to abide by terms, or conduct any improper auction behavior determined by the Auction Company. Any seller who misrepresents their items in any auction and buyer who fails to carry through with a purchase will be banned from any further use and may be subject to additional legal actions.
At CB10 Online Auction we will strive to keep our fees low to help keep more money in YOUR pocket.
Please remember that we do have bills to pay in order to keep us in business but we believe that it is you, our customer, who comes first. Below are our fees:
LISTING: $2.00 per Lot (anything that is in the picture is a lot)
Seller: 15% of selling price, 8% If item sells for over $1000
Buyer: 8% if picked up within 7 days; 13% if picked up past 7 days. Save 3% if paid with Cash/Check. After 10 days the Buyer Premium can go up to 20% and any item not paid for after 10 business days can be re-listed.
BUY BACKS: The seller is allowed to place a 1 time bid on his/her own item but must be as close to the end of the auction as possible. There is no fee to buy back your item but is must be removed after the auction within 5 business days or it can be considered abandoned after 10 days, become property of the selling store and sold with all proceeds being retained by that store.
ALL ITEMS TO SELL SUBJECT TO AUCTION COMPANY CONFIRMATION DISCRETION
Notice: A buyers premium will be added to all purchases. The weekly online auctions will have a buyers premium of 8 percent.
The buyers premium will be noted in the item description area. You will see this item description area when you click to view the items that will be selling. Payment with cash or check will receive a 3% discount, Visa & MasterCard's are accepted with no discount. We do not accept payment online, it must be done at the time the item is picked up.
REMOVAL AND FAILURE TO REMOVE
All purchases must be removed from the auction site without damaging any property and within 10 business days, unless otherwise posted. All costs, responsibility and risk of such removal shall be done by buyer and in every case, buyer will use prudence and care in such removal. If for any reason a buyer fails to remove any of his/her purchases within 10 business days, the auction company shall have the right but not the obligation, in its sole discretion, to recall, this guard or remove and store such purchase at buyers sole risk and expenses ( storage cost at $10 per day per item-other cost additional), without believing any rights that auction company or seller may have against the buyer. Storage charge will be the responsibility of the buyer ( after ten (10) business days).
After 10 business days the Buyers Premium can be increased and the 20%, the auction store is not obligated to keep such items as they can be considered abandoned, relisted and sold.
All bidders will be subject to Pulaski County Missouri's 5.475 percent sales tax unless you provide store documentation showing such exemption.
Please know that buyers are responsible for all taxes required by the DMV. Buyers will need to sign the appropriate paperwork required by the state for title transfers. Unless otherwise stated, all titled (vehicles) will be sold AS-IS with no warranties implied or expressed. It is the buyers sole responsibility to inspect such items and know fully what it is that is being bid on before bidding on such item/s.
SELLER PROTECTION BIDS
The seller or agent reserves the right to bid on their own item in order to protect their investment. This is a ONE time bid placed as close to the end of the auction as possible.
TERMS OF SALE
All items sell AS IS WHERE IS, no warranty of any type expressed to or implied as to the merchantability or fitness for any particular purpose of any goods offered in the sale. All sales are made on an AS IS WHERE IS basis with all faults. All buyers are urged to physically inspect the item during the inspection period. No bids can be withdrawn after the auction for any reason. Buyers agree that these terms as well as all other terms set forth below, can be amended or revised only in writing, signed by the auction company. Buyers also agree that any oral representations made by the auction company shall not modify these AS IS WHERE IS terms. All information and descriptions provided by the seller and contained in the sale of the items are believed to be correct an factual. If, at the end of the sale of a particular item, it is determined that such information was intentionally false the buyer will have up to 4 business days from date it was picked up, as long as this period of time is within ten days of the close of the auction, to make notification to the selling/listing store of such misrepresentation. It will be at the discretion of the selling/listing store as to what action, if any, will be taken, but no responsibility is assumed by Auction Company for any errors or an omission.
Posting and closing times displayed on the website, as compared to another's current time, is approximate. Auction Company reserve the right to close early or extend auction at any time at its discretion. All times are in Central Standard Time. Soft Close bidding - the soft close bid on this web site is a feature that does not allow any item to sell at the end of the auction until there is 10 minutes of bidding inactivity. Example an item is bidding on at 8:58 PM and the auction is scheduled to close at 9:00 PM when this bid is placed the anytime will automatically extend to 9:10 PM when another bid is placed at 9:07 PM the auction will extend to 9:20 PM. This will give another bidder 13 minutes to place another bid. If no bids are placed in this auction it will conclude at 9:20 PM. The key to the soft bid closing feature is that the auction is extended from the original closing time in 10 minute intervals.
AUCTION COMPANY RIGHTS TO TERMINATE PURCHASE
If for any reason the Auction Company is unable to complete the sale of any purchase to buyer or provide such purchase free and clear of liens, even if the buyer was given notice that he is the high bidder and purchaser, buyer agrees that the Auction Company may terminate the purchase agreement, and in which case the Auction Company's only liability shall be the return of any monies actually paid by the buyer.
CONSENT TO SUIT IN MISSOURI
In the event of legal proceedings arising from this contract or from the auction in connections there with, buyer consensus to being subject to the personal jurisdiction of the court of the State of Missouri. Buyer also agrees that venue will be in which ever county the actual place of purchase was conducted in the State of Missouri.
Buyer expressly agrees to indemnify and hold the Auction Company harmless against all claims. losses, expenses, damages or liability, (including, but not limited to, attorney), directly or indirectly caused by or resulting from an act, including the negligent acts or omissions of the Auction Company, or anyone acting in his/her behalf in connection with or arising out of an auction, except that the buyer shall not be responsible to the Auction Company for damages caused by or resulting from the Auction Company sole negligence.
DO NOT USE THIS SITE OR BID UNLESS YOU AGREE TO ALL THE TERMS ABOVE. BY BIDDING YOU ARE ACKNOWLEDGING YOU ARE IN AGREEMENT WITH THE TERMS ABOVE.
These terms have been posted with notice given on 08/30/2014 and to take effect on 08/30/2014.