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O Net proceeds, if any, will be released to the buyer, calculated as the resale bid price collected plus any amounts paid by the buyer against the original invoice, less all administrative and storage fees accrued Ken Carpenter Auction may resell the asset in an upcoming auction on the buyer’s behalf for an additional administrative fee of 20% of the original invoice price (minimum $1,000 fee) and account for the resale as follows:.When Ken Carpenter Auction declares an asset abandoned, it may take the following steps in its sole discretion:
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Ken Carpenter Auction may declare an asset abandoned when a buyer fails to make full payment by the stated payment deadline or when a buyer fails to remove an asset from the auction site by the stated removal deadline. If the pictures displayed with descriptions do not appear to match, contact or call 40 to report the auction date and item number. Inspection and contact information for the seller of every asset is posted in the item details for that asset.īuyers are responsible for the cost of auction asset mobilization, disassembly, rigging, transport, insurance and all other costs related to physical transfer of auction assets from their location at the time auction bidding ends. Every bidder agrees that his or her decision to bid and the amount he or she bids have been based solely on his or her own independent inspection and evaluation of the auction assets.īidders are strongly advised by Ken Carpenter Auction to take care to satisfy all questions or concerns about the auction process, bidding process or auction assets before placing a bid. Bidders are responsible for ascertaining actual current condition through personal inspection and careful review of the description, pictures, video and/or support documentation. Ken Carpenter Auctions liability to a purchaser will never exceed the purchase price actually paid for an asset.īidders accept all auction assets with all faults, whether or not immediately apparent. Assets are sold in their actual current condition, with all faults and defects, and with all errors of description. KEN CARPENTER AUCTION AND SELLER DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY AND/OR FITNESS FOR A PARTICULAR PURPOSE. KEN CARPENTER AUCTION AND THE SELLER FURNISH ALL AUCTION ASSETS TO BUYERS AS IS, WITHOUT WARRANTY OF ANY KIND. The following general auction terms and conditions.The auction details page for each auction on this site. The auction-specific terms and conditions unique to each auction, which are represented on.The Terms of Website Use for this site.
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Bidding on and buying auction assets on and its affiliated websites are subject to the series of obligations and rules below.
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