Bids are made in
competition with other bidders bidding, on an alternating basis, in increments
set by the auctioneer, as though the Bidder is present and the Bidder's
purchase will be obtained at the lowest bid possible. In the event that
the Bidder wishes to give Mack Auction Company permission to break a tied
bid, the Bidder shall indicate by adding a (+) sign beside the bid price.
In the event of a tie, this will authorize Mack Auction Company to increase
the Bidder's bid by one increment. The Bidder understands that the item
bid on will be sold to the highest bidder.
Proxy Bids are confidential
prior to the Lot being sold and bidding will not commence with the highest
Proxy Bid and a Proxy Bid is not considered the highest bid unless it has
been reached by the alternating incremental basis set out in paragraph 1.
It is the Bidder's
responsibility to arrange for the inspection of the item bid on prior to
the auction sale. All items are sold "as is", "where is"
and are at the risk of the buyer (Bidder) once the auctioneer has declared
the item sold. The buyer (Bidder) is responsible for arranging delivery
of the item purchased.
Mack Auction Company
does not guarantee the year, hours, condition, description or suitability
of any item or lot.
The Bidder acknowledges
that the Proxy Bid is accepted on the express condition that the Bidder
will not have any claim against Mack Auction Company, its employees or the
Auctioneer if Mack Auction Company fails, for any reason, to bid on behalf
of the Bidder.
Proxy Bids must
be completed, submitted and received by Mack Auction Company before 6:00
A.M. on the sale date.
If successful in
purchasing an item(s), the Bidder will be notified within 24 hours of the
sale. Payment is required by cash, certified cheque or wire transfer immediately
following notification of purchase. Items may only be removed after complete
and full payment has been made.
The Bidder is responsible
for proper financing arrangements prior to submitting the Proxy Bid form.
The Bidder consents to permit Mack Auction Company to contact the above
noted financial institution directly and make any inquiries deemed necessary
by Mack Auction Company to establish Bidder's credit worthiness, and consents
to disclosure of all such information to Mack Auction Company for such purpose.
GST and PST will
be charged where applicable.
Proxy bids will
only be taken on items over $300.00
- Buyers premium of 2% to a maximum of $500.00 per lot.