1. Bidder Registration: Bidders may need to register before participating in the auction. This typically involves providing identification and contact information.
2. Auctioneer's Discretion: The auctioneer has the discretion to accept or reject any bid, as well as the authority to settle any disputes that may arise during the auction.
3. Reserve Price: Some items may have a reserve price, which is the minimum price the seller is willing to accept. If the bidding does not reach this amount, the item may not be sold.
4. Buyer's Premium: A buyer's premium is an additional fee charged on top of the winning bid. This fee is typically a percentage of the final bid and is paid by the winning bidder.
5. Payment Terms: Winning bidders are usually required to pay for their purchases immediately or within a specified time frame. Accepted forms of payment, such as cash, credit cards, or bank transfers, should be outlined.
6. Item Descriptions: Items up for auction should be accurately described, including any known defects or issues. Bidders should review these descriptions carefully before placing a bid.
7. Withdrawal of Items: The auctioneer may withdraw any item from the auction at any time before the bidding begins, typically if there are concerns about authenticity or legality.
8. Bidding Increments: Bidding may be conducted in predefined increments, with each bid increasing the price by a set amount.
9. Buyer's Responsibilities: Winning bidders are responsible for arranging and paying for the shipping or pickup of their items. They are also responsible for any applicable taxes or customs duties.
10. Disclaimer: The auctioneer may include a disclaimer stating that all items are sold "as is" and "where is," with no warranties or guarantees expressed or implied.
11. Dispute Resolution: Procedures for resolving disputes, such as mediation or arbitration, may be outlined in the terms and conditions.
12. Compliance with Laws: Bidders are expected to comply with all relevant laws and regulations, including those regarding the purchase and ownership of certain items.
13. Items not paid for within 48 hours of auction end shall be deemed forfeit.
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