Conditions of Sale
Terms and Conditions
Bidding on any item indicates the bidder's acceptance of the following terms and conditions:
1. There is a 15% buyers premium for this sale which will be added to the final bid price on each item and will be the same if you pay by cash, check or credit card.
As this is a timed online auction, the closing of the auction will commence with Lot 1 at 6:00 PM EST on Sunday, September 15, 2019.
On this auction, each successive lot will start to close one minute after the next. These will be soft closes so any bid received within 5 minutes of the end closing time will extend the bidding for another 5 minutes so everyone can have the opportunity to bid. Important: During this time, please refresh your screen often to enable you to see the latest bid on the item.
2. Accepted methods of payment are cash, personal or business check, wire transfer, or major credit cards accepted through the AuctionZip/Invaluable websites (WePay). To use the credit card option, just pay the invoice you receive from us by hitting the payment button on the online invoice and that will charge the card you have used to register with the auction. If you have not paid your invoice in 6 days then we will automatically charge the credit card you used to register unless we hear from you to do otherwise.
We reserve the right to ask for payment in a wire transfer based on buyer's geographic location, amount owed, and past buying history on Invaluable.
There is a handling charge of $35.00 for any returned check. Currency is U.S. Dollars.
3. All items that are purchased by must be paid for within 6 calendar days of the auction. (September21, 2019) An invoice will be emailed to all winning bidders within 24 hours of the end of the auction. Caswell Prewitt Realty reserves the right to hold all purchases until checks or credit card transactions have cleared to the satisfaction of Caswell Prewitt Realty and its bank. All items that are purchased in the auction must be paid for after the auction closes and before being picked up. Any lots won and not paid for within 6 calendar days may be sold to the backup or another bidder. This is especially true when we do not hear from the successful bidder on their plans to pay their invoice.
4. Sales Tax: Residents of Kentucky will be charged a 6% state sales tax that will be applied to all sales unless a KY tax exemption certificate has been completed and signed prior to payment and pickup of items. Out of state sales tax exemption ID numbers may be used when completing the KY tax exemption form. Kentucky state sales tax will not apply to items shipped out of state via Common Carrier (USPS, UPS, Fedex, etc.) but WILL apply to items purchased by out of state buyers and picked up in the state of Kentucky.
5. Your bid is a contract. Do not place a bid that you are unwilling or unable to honor. If you are declared the winning bidder, you have entered into a legally binding contract to purchase the property offered. If you have questions about an individual item, please contact the auctioneer before bidding.
6. The high bidder acknowledged by the Auctioneer shall be the purchaser of that lot. The Auctioneer is the sole determinant as to who is the successful bidder. Once an item is declared as "sold", the successful bidder assumes full risk and responsibility for the purchased lot.
7. All property is being sold "AS IS". Inspection opportunities are available to those who wish to preview at the auction site located at 244 Midland Trail (in the Midland Trail Industrial Park), Mt. Sterling, Ky. 40353 on Friday, September 13 from 5:00 PM- 7:00 PM and again on Saturday, September 14, from 10:00 AM- 1:00 PM. We strongly suggest that you take advantage of the inspection opportunity. Bidders who take advantage of off-site bidding acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the bidder's sole responsibility to determine whether or not to bid on any item. Caswell Prewitt Realty has endeavored to accurately describe all items being sold but all property being offered is to be sold "AS IS". No statement in this catalog, bill of sale, invoice, or elsewhere by any representative of, or person in the employ of Caswell Prewitt Realty shall be deemed to be a warranty, representation, or assumption of liability with respect to age, condition, size, quality, variety, importance, provenance, or historical relevance of any of these items. Please note that photographs may have had size modifications for display purposes, or have been trimmed to exclude framing, matting, and wide blank margins. Also, variations in color may occur due to digital processing. Any condition statement, written or verbal, is given as a courtesy to the client, and is only an opinion. It should not be treated as a statement of fact. Caswell Prewitt Realty shall have no responsibility for any error or omission. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear, imperfections or aging.
If you are unable to inspect the auction items and wish to have a generalized report of condition, contact Dave Diederich at [email protected] or call 859.745 2900. Leave a message if no answer and your call will be returned in a timely manner.
8. The Auctioneer reserves the right to withdraw any lot prior to being offered in the auction and shall have no liability whatsoever for withdrawal of the property.
9. Caswell Prewitt Realty WILL NOT BE HELD RESPONSIBLE FOR INTERNET BIDS THAT ARE NOT SENT, RECEIVED, OR EXECUTED BY THE ADMINISTRATOR.
10. Pickup of items won will be held on Friday, September 20 from 4:00-7:00 PM, and again on Saturday, September 21 from 10:00 AM-1:00 PM. at the venue located at 244 Midland Trail (in the Midland Trail Industrial Park), Mt. Sterling, Ky. 40353. Payment can be made at pickup or online prior to pick-up. All items MUST be removed by this ending time. No early birds please. We will start promptly at the listed time on all days. Please bring your own packaging and additional help if needed for loading items. All removals must be completed in a professional and tidy manner. Not responsible for accidents and bathroom facilities will not be available.
For those buyers who wish to have their merchandise sent or who are out of the area and will not pick the items up, shipping arrangements can be made through the buyer's own shipper as Caswell Prewitt Realty does not provide in-house packing or shipping. All packing and shipping of merchandise will be at the risk and expense of the buyer. A list of shippers is below:
UPS Store, Winchester, Ky. 859 745 4422, [email protected]
The Mailroom, Lexington, Ky.: 859 268 0206, [email protected]
Both businesses can handle long distance freight as well.
For larger items that are to be delivered
Two Men and a Truck: 859 335 6683 [email protected]
Shippers are independent of Caswell Prewitt Realty and are not endorsed by it; therefore, we are not responsible for problems associated with shipping. Merchandise is stored at the risk of the purchaser.
11. By registering for this sale and bidding on any item, all bidders are entering into a contract and agree to abide by and accept these terms of sale.
For additional information, contact Dave Diederich 859 745 2900, or [email protected]
Buyers Premium and Sales Tax and Payment
There is a 15% buyers premium for this sale which will be added to the final bid price on each item and will be the same if you pay by cash, check, or use a credit card.
Residents of Kentucky will be charged a 6% state sales tax that will be applied to all sales unless a KY tax exemption certificate has been completed and signed prior to payment and pickup of items. Out of state sales tax exemption ID numbers may be used when completing the KY tax exemption form. Kentucky state sales tax will not apply to items shipped out of state via Common Carrier (USPS, UPS, Fedex, etc.) but WILL apply to items purchased by out of state buyers and picked up in the state of Kentucky.
Accepted methods of payment are cash, personal or business check, wire transfer, or major credit cards accepted through the AuctionZip/Invaluable websites (WePay). To use the credit card option, just pay the invoice you receive from us by hitting the payment button on the online invoice and that will charge the card you have used to register with the auction. If you have not paid your invoice in 6 days then we will automatically charge the credit card you used to register unless we hear from you to do otherwise.
We reserve the right to ask for payment in a wire transfer based on buyer's geographic location, amount owed, and past buying history on Invaluable.
There is a handling charge of $35.00 for any returned check. Currency is U.S. Dollars.
Inspection
All property is being sold "AS IS". Inspection opportunities are available to those who wish to preview at the auction site located at 244 Midland Trail (in the Midland Trail Industrial Park), Mt. Sterling, Ky. 40353 on Friday, September 13 from 5:00 PM- 7:00 PM and again on Saturday, September 14, from 10:00 AM- 1:00 PM. We strongly suggest that you take advantage of the inspection opportunity. Bidders who take advantage of off-site bidding acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the bidder's sole responsibility to determine whether or not to bid on any item. Caswell Prewitt Realty has endeavored to accurately describe all items being sold but all property being offered is to be sold "AS IS". No statement in this catalog, bill of sale, invoice, or elsewhere by any representative of, or person in the employ of Caswell Prewitt Realty shall be deemed to be a warranty, representation, or assumption of liability with respect to age, condition, size, quality, variety, importance, provenance, or historical relevance of any of these items. Please note that photographs may have had size modifications for display purposes, or have been trimmed to exclude framing, matting, and wide blank margins. Also, variations in color may occur due to digital processing. Any condition statement, written or verbal, is given as a courtesy to the client, and is only an opinion. It should not be treated as a statement of fact. Caswell Prewitt Realty shall have no responsibility for any error or omission. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear, imperfections or aging.
If you are unable to inspect the auction items and wish to have a generalized report of condition, contact Dave Diederich at [email protected] or call 859.745 2900. Leave a message if no answer and your call will be returned in a timely manner.
Shipping Terms and Pick-up
Pickup of items won will be held on Friday, September 20 from 4:00-7:00 PM, and again on Saturday, September 21 from 10:00 AM-1:00 PM. at the venue located at 244 Midland Trail (in the Midland Trail Industrial Park), Mt. Sterling, Ky. 40353. Payment can be made at pickup or online prior to pick-up. All items MUST be removed by this ending time. No early birds please. We will start promptly at the listed time on all days. Please bring your own packaging and additional help if needed for loading items. All removals must be completed in a professional and tidy manner. Not responsible for accidents and bathroom facilities will not be available.
For those buyers who wish to have their merchandise sent or who are out of the area and will not pick the items up, shipping arrangements can be made through the buyer's own shipper as Caswell Prewitt Realty does not provide in-house packing or shipping. All packing and shipping of merchandise will be at the risk and expense of the buyer. A list of shippers is below:
UPS Store, Winchester, Ky. 859 745 4422, [email protected]
The Mailroom, Lexington, Ky.: 859 268 0206, [email protected]
Both businesses can handle long distance freight as well.
For larger items that are to be delivered
Two Men and a Truck: 859 335 6683 [email protected]
Shippers are independent of Caswell Prewitt Realty and are not endorsed by it; therefore, we are not responsible for problems associated with shipping. Merchandise is stored at the risk of the purchaser.
Be advised that if an item is large and you live far from Kentucky, especially on the West Coast, then shipping can be expensive. Contact a shipper of your choice to obtain an estimate prior to bidding so that you know the approximate cost.
