has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Iron Horse Auction Company, Inc.
Placing a bid creates a contractual agreement to purchase the items being sold at the high bid price plus a Buyer’s Premium and any additional fees including shipping. It is automatically acknowledged by registering that you have either personally inspected the items being sold, hired an agent to inspect the items being sold, or waived your right to inspect the items being sold. are provided in good faith and are matters of opinion. Descriptions that are provided by Iron Horse Auction Company, Inc. has attempted to provide accurate descriptions however, it is the Bidder's responsibility to conduct any inspections to determine the condition and feasibility of the Bidder’s intended use. is not responsible for any missing or incorrect listing information. We are not responsible for failure of any part of the bidding process or internet bidding. Due to varying internet connections and speed, sometimes email notifications can be delayed. Bidders may also find out if they have been outbid by refreshing the individual lot information.
The bidding software will notify bidders by email or when they have been outbid. At that time you will receive an outbid notification. We will close 10 auction lots per 5 minutes.ĭuring this auction process, there is a chance that you will be over bid. The auto-extend feature will continue until there is a ten-minute period without a bid being placed on each item in the auction. Example: If an auction item is scheduled to close at 3:00 and receives a bid at 2:51, the close time will automatically extend to 3:01.
Any bid placed in the final ten minutes for an auction item will automatically extend the auction item ten minutes from the time the bid was placed. online auctions also have an auto-extend feature. Online Auctions are timed events and all bidding will begin to close at a specified time. If you plan to pay with cash or certified funds please let our office know before this auction ends so we will not charge the credit card on file. There will be a Ten percent (10%) Buyer’s Premium added to the final bid price to determine the final contract purchase price. The Auctioneer reserves the right to bid on items on behalf of the Seller as permissible by the Uniform Commercial Code. is acting as agent of the Seller and at no time acting on behalf of the Buyer. If you intend to register the following items will pertain to you. When you register to bid, you will have to acknowledge that you have read these terms and conditions.
Please take the time to read the following set of terms and conditions for the online auction.