Frequently Asked Questions for Buyers
Can I inspect the equipment before the auction?
One day prior to the auction, we open the auction site to allow buyers to preview the equipment for sale. Our on-site team will be available to direct you to the equipment you’re interested in. If you’re unable to attend on the preview day, please call 513/738-3311 to determine if it is possible to schedule a private inspection.
When should I arrive at the auction, and what should I bring?
Please arrive no later than 30 minutes prior to the auction start time. Please come to the auction office as soon as you enter the auction site, and register with us to bid. You must bring valid identification. Registration goes much more quickly if you have a business card. Once you’ve registered, you will receive your bidding paddle with a number on it, as well as the auction catalog. Remember to bring cash, check or other approved form of payment. Also, if you are planning to remove your purchase from the site using a powered vehicle, you will need to have a certificate of insurance on file in the amount of $1,000,000.
How do I bid online?
To bid online for one of our auctions, you must register at least 24 hours in advance. To register, go to the website page for the auction you are interested in and click on the link that says “Register Online” or the Bidspotter.com logo. This will take you the BidSpotter website, where you will click either “First time Bidspotter.com registration” or “Register for this auction.” Follow the instructions to complete your registration. If you have questions or need assistance, visit the BidSpotter Help Deskhttp://www.bidspotter.com/forms/help.phpand you will receive help with your concern.
Can I place a proxy bid?
We know there are times when you are unable to attend an upcoming auction. Proxy bids allow you to bid without being present. All Proxy Bids must be in writing, either typed or handwritten. They must be faxed or mailed to our office by the close of business on the day before the auction. Tell us which item or items to bid on and how much; sign and date the letter. Unless you state differently, we will add the buyer's premium to your bid. Include a deposit check for 25% of your total bid. If you are successful, we will deposit your check and send you an invoice for the balance. If you are not successful, we will return your check to you. Understand that whatever you bid is your bid. If you bid $1,000, we will bid $1,000. If you bid $10,000, we will bid $10,000. We sell every item without warranty or guarantee, either written or implied. The common term is "as is, where is". We do not have the ability to know everything about every item that we sell. If by chance, you should be the winning bidder on an item and it turns out to be different in any way from what you expected, it is still yours. This is the chance you take with a proxy bid. Minimum proxy bid on any single item is $1,000.
What is a buyer’s premium?
A buyer’s premium is a small fee (usually 15%) that’s added to the winning bid for each item. The fee goes to the auction house to cover sale costs. A buyer’s premium will be added to each successful on-site and online bid. Check the auction event details to find the buyer’s premium for each event.
What are the Terms of sale?
NOTICE: All Bidders and other persons attending this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby.
1. IDENTIFICATION – All purchasers are required to give full name and address at time of registration.
2. DEPOSIT – Each Buyer will be required to make a deposit in cash or by certified check of 25 percent of the bid on each lot at the time of knockdown. In default of such deposit, the lot may be put up again immediately and resold.
3. TIME OF PAYMENT – All invoices must be paid in full by the sales conclusion. Any other arrangements must be made with Auctioneer prior to bidding. If not, the merchandise will be deemed abandoned and Buyer will lost any right, title or interest Buyer may have acquired and the merchandise shall revert and repossess to Auctioneer without further notice to Buyer and the transaction shall be null and void as to Buyer.
4. REMOVAL – All purchases must be removed not later than the date specified in the auction Catalogue and/or announced at the sale time. No lot can, on any account, be removed during the sale. All goods are sold “Where Is”. Removal shall be at the expense, risk and liability of the Buyer. Purchases will be delivered only on presentation of paid bill. Auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option to remove and store at the expense and risk of the Buyer any article purchased, but not paid for and removed within the time aforesaid.
5. MANNER OF PAYMENT – All payments must be made by cash, cashier’s check or company check with a bank letter of authorization guaranteeing funds to Myron Bowling Auctioneers. All check for deposits and balances due shall be payable to the order of “Myron Bowling Auctioneers”. All bills must be paid to representatives of the Auctioneer at the plant unless otherwise announced. The full purchase price on all lots sold to the same Buyer must be paid within the time fixed and before removal of any goods.
6. CONDITION OF ARTICLES SOLD – The Auctioneer shall not be responsible for the correct description, genuineness, authenticity of, or defect in any lot, and makes no warranty in connection therewith. NO sale will be set aside nor allowance made on account of any incorrectness, error in commentary, cataloguing, or any imperfection not noted. No deduction allowed on damages articles, all goods being exposed for public exhibition are purchased and accepted by Buyer “AS IS”, “WHERE IS” and “WITH ALL FAULTS”. Auctioneer makes no warranties or guarantees whatsoever whether written, oral or implied as to quality, quantity, condition, usability, salability, weight, measurement, year, model, mechanical condition, performance or other specifications and without recourse.
7. CLAIMS – No Claims will be allowed after removal of goods from premises.
8. RESPONSIBILITY FOR NON-DELIVERY – Auctioneer shall not, in any event, be liable for non-delivery of such lot, storage or removal fees or costs, lien satisfaction or for any other matter or thing, to any Buyer of any lot, other than for the return to the Buyer of the deposit or sum paid on said lot, should the Buyer be entitled thereto.
9. COMPLIANCE WITH TERMS OF SALE – In default of payment of bills in full within the time therein specified, the Auctioneer 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 and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting purchaser.
10. RISK TO PERSON AND PROPERTY – Persons attending during exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the Auctioneer from liability therefor. Neither the Auctioneer nor his principal shall be liable by reason or any defect in or condition of the premises on which the sale is held.
11. ADDITION TO OR WITHDRAWAL FROM SALE – The Auctioneer reserves the right to alter the order of the sale, withdrawal from the sale any of the property listed or to sell at this sale property not listed, and also reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of the Seller will be served, the Auctioneer reserves the right to sell property listed, in bulk.
12. SALE BY ESTIMATED WEIGHT, COUNTY OR MEASURE – Where items are sold by estimated weight, count or measure, the Buyer will be billed for and required to pay for the estimated weight, count or measure. If, upon delivery, any shortage exists, the Buyer will receive a refund at the rate of the purchase. If there be an excess, the Buyer will be required to take and pay for such excess, at the rate of the purchase.
13. DISPUTE BETWEEN BIDDERS/BID INCREMENTS – If any dispute arises between two or more bidders, the Auctioneer may decide the same or put the lot up for sale again at once, or resell to the highest bidder. Auctioneer may reject a nominal or fractional bid advance if, in his estimation, it proves injurious to the sale. The Auctioneer’s decision shall be final and absolute.
14. RESERVE – The Auctioneer reserves the right to reject any and all bids. On lots upon which there is a reserve, the Auctioneer shall have the right to bid on behalf of the Seller.
15. RECORDS – The record of sale kept by the Auctioneer and bookkeeper will be taken as final in the event of any dispute.
16. AGENCY – The Auctioneer is acting as agent only and is not responsible for the acts of its principals.
17. SALES TAX – All sales are subject to state and local taxes, unless a proper exemption certificate including tax exempt number is presented at the time of payment.
18. BUYER’S PREMIUM – The Auctioneer in its sole discretion may impose a Buyer’s Premium on any goods sold. The Buyer’s Premium is a percentage that is added to the final purchase price of any items.
19. SHIPPING – All coolants, oil and fluids must be drained from all machinery and equipment prior to removal. All of the above must be shipped in compliance with state and federal regulations.
20. INSURANCE – All Buyers, or the Buyer’s riggers, must provide the Auctioneer, Owner and Landlord a certificate of insurance in amounts acceptable to the above parties prior to removal of any machinery and equipment.
21. ADDITIONAL TERMS AND CONDITIONS – The Auctioneer may modify or supplement these terms and conditions of sale by language in the catalog available at the sale site or by announcement at the start of the sale.
How are auction items scheduled?
Each bidder is given a catalog. This lists everything by number that is to be sold, and the order in which it is to be sold. We cannot predict specific times certain items may sell. We can tell you that we average approximately 100 lots per hour. The physical distance between each item may cause this number to fluctuate. There are also times when we may group some lots together in one bid. This causes the average lots per hour to change.
What are the terms of payment?
All purchases must be paid in full immediately following the conclusion of the auction and prior to removal. We accept the following forms of payment:
• Company check with BANK LETTER OF GUARANTEE.
• Wire transfer with a $1,000 deposit (cash or company check).
• Sorry, we do not accept credit card payments.
Am I responsible for sales tax on my purchase?
In most states and municipalities, Myron Bowling Auctioneers is required to charge sales tax on your auction purchases. In some cases, you may be able to provide a resale or manufacturing tax exemption certificate to have the tax removed from your purchase. If this is applicable, we require that you fill out the appropriate forms and provide them to us before we will consider your invoice paid in full. This is required for each invoice. If you wish, we will fax or email you a tax-exemption form for any upcoming auction. Forms will also be available at the auction site.
How do I remove my purchased equipment?
Check each auction for the specific removal dates, times and requirements. Generally you can begin removing your items as soon as the auction ends. Removal continues for as long as necessary, usually 1 to 2 weeks. Myron Bowling staff is on-site during this period. We provide a list of independent riggers that you can contract with to remove your equipment. Our employees do not provide any packing/crating, shipping or rigging services. Anyone using a powered vehicle to move items, whether they are a rigger or a buyer, must have a certificate of insurance on file in the amount of $1,000,000.Please remember:• No item may be removed until the last item has been sold.
• No removal may begin until payment in full has been made.
• We reserve the right to delay the removal on any item until we talk to your bank.
• We will stay for at least one hour following the auction to allow for removal of small items.
• All items must be removed by the date posted at the auction site or be subject to storage charges and other fees.
No refunds or adjustments will be made once items have been removed from the property. All refunds or adjustments are solely at the discretion of the auction company. Small items left longer than 24 hours are not subject to refunds.
Following the auction, we will provide security during the entire removal period. However, we will guard small items for the first 24 hours only. All claims must be made at the site and must be reported to a representative of Myron Bowling Auctioneers.