Date & Time:
Wednesday July 19, 2017 8:00 EST
1450 Academy Ferndale, MI 48220
Pickup/Removal Dates: Thursdays & Fridays 10:00am - 5:00pm ONLY!!! NO EXCEPTIONS!!!
Note: Buyers MUST Come on the pick up dates mentioned above. No Exceptions! All purchases made on the day of the auction must be paid for by the Last Scheduled Pick Up Day. Any Invoices Paid AFTER the Schedule Times WILL NOT Receive the 50% Discount on Buyer's Premium. Any Invoices Not Picked Up After 7 Days will be Charged a $25 Storage Fee. After 14 Days a $50 Storage Fee. After 21 Days a $75 Storage Fee. All Equipment Not Picked Up within 28 Days of the Scheduled Pick Up Day will be Forfeited. The Bidder Number Associated with the Invoice will be Turned Off and will Not be Reinstated Until All Storage Fees Are Paid for In Full. Please contact our office at 248.723.5559 if you have any questions.
Auction Location:1450 Academy Ferndale MI
Catalog - ALL ITEMS (88) - PHOTOS ONLY (87) - No Category (88)
If during the course of an auction your bid(s) exceed $1,700.00 you will be required to provide a $200 refundable deposit. This refundable deposit protects everyone and will not allow prices to unnecessarily be driven up. We will contact you via phone and/or email when this deposit is required. Failure to respond can result in your bids being deleted or your bidding turned off altogether. THIS IS AN INTERNET ONLY AUCTION.
Sales Tax...Collected at 6.0% for this auction
REMOVAL...ALL EQUIPMENT MUST BE REMOVED/PICKED UP AT THE AUCTION LOCATION ON THE SPECIFIED PICK UP DAYS. Any Invoices Not Picked Up After 7 Days will be Charged a $25 Storage Fee. After 14 Days a $50 Storage Fee. After 21 Days a $75 Storage Fee. All Equipment Not Picked Up within 28 Days of the Scheduled Pick Up Day will be Forfeited. The Bidder Number Associated with the Invoice will be Turned Off and will Not be Reinstated Until All Storage Fees Are Paid for In Full.
NO REFUNDS or charge back's will be granted due to a lack of removal at the designated times.
BUYERS PREMIUM... A 16% buyer’s premium will be added to each purchase. If you bid $100.00 at check out you will be charged $116.00 Plus 6% Michigan Sales Tax. Buyers who pay cash will receive a 50% discount on the 16% buyers premium. Any Invoices Paid AFTER the Scheduled Pick Up Days WILL NOT Receive the 50% Discount on Buyer's Premium.PAYMENT... We Accept Cash, Visa, MasterCard, Discover, Certified Check or Bank Wire Transfer. Buyers who pay cash will receive a 50% discount on the buyers premium. Payment is due for ALL items purchased by the last scheduled pick up day for each auction. If payment is not received either in person or over the phone, all credit cards on file will be charged the Monday morning following the auction end date.
Increasing your own bid/Bidding Errors... Please be aware that many bidders routinely increase their own bid to price an item out of reach of other bidders. You should immediately review your bids once submitted. If you mistakenly increase your own bid, place your bidder number in the bid field, or make a typo you must immediately contact our office by email use the contact sheet on our website (we must have your request in writing). We will not reverse bids after the auction has closed no exceptions.
Dynamic Closing... The closing time of an asset is automatically extended an additional 3 minutes whenever a bid is placed within the last 3 minutes of the asset's closing time.
Staggered Ending....The online auction closes 3 items per minute. This feature will close the bidding on intervals. This feature works great with the auto-extend feature to closely emulate a 'live' auction.
Bid Notification... If you have been outbid you will be notified by email ONLY UNTIL the last day of the auction --- starting at midnight EST the night before the ending of the auction notices are not sent. To quickly review your bids and see if you have won you can utilize the 'review bids' feature. Items that they have been outbid on will be clearly marked.
Winning Bidder Notification... You will be contacted by email ONLY (you are responsible for checking your email). If you feel you have won an item and have not received an email you must notify us by email no later than 10am the next day. If you do not receive a paid email invoice then you did not win any items at the online auction. In the event an item is not available for pickup, the buyer must, notify our on site staff and file a claim by replying to your original emailed invoice noting what was not available within 24 hours of the pickup date. After 24 hours, the Auctioneer and buyer agrees that no adjustment or refund will be made.
IMPORTANT TAX EXEMPT STATUS... If you are tax exempt, prior to the conclusion of the online auction you must email a copy of your states tax exempt form to firstname.lastname@example.org . (You must include your bidder number and the closing date of the auction). Forms without this information will not be accepted and you will have to apply to the state for a refund. If you have any questions call 248 723 5559.
CAUTION... For demonstration purposes various equipment may be joined. Do not assume a lot consists of more than one item simply because they are connected or pictured together. Please inspect the lot numbers and read the descriptions. If unsure please either call us or come to the inspection/preview.
Catalog Inaccuracies... You are bidding on the described item not the photo. Occasionally the wrong photo is displayed, always read the item description and come to preview.
WARRANTY & CONDITION OF ITEMS SOLD... All items are sold "AS IS, WHERE IS, with NO WARRANTY expressed or implied by the lot number affixed to the item. Without any implied or expressed warranty. Keep in mind that these items are restaurant worn and may have been nailed to the wall. Descriptions are believed to be accurate, but not guaranteed. When you are not certain of the condition or use of an item please bid accordingly. You are bidding on the described item, NOT THE PHOTO. Bidders are responsible for their own removal. Any item NOT picked up by the set time will be considered abandoned. Removal shall be at the expense, liability, and risk of the purchaser. Purchases will be released upon presentation of a paid email receipt. Please insure that movers or anyone picking up items on your behalf have your paid receipt at the pickup location - no items will be released without a paid email receipt.
IMPORTANT!... The Auctioneer will have the option of reselling, removing, storing or abandoning, at the expense and risk of the purchase for items not paid for and/or removed within the specific time. The buyer agrees to pay all deficiencies, legal, collection; transportation and storage expenses associated with delinquent accounts or abandoned items. Assets Now Auctions, LLC is neither liable nor responsible for any bodily injuries, death to persons or damages to property when removing or transporting any equipment or items.
CHOOSE WISELY... We want every one to get a good deal and most of you will. However, when you bid on the wrong item or decide an item is not suited for your intended use, our clients are not willing to assume the cost of your mistake. When in doubt about condition, completeness or suitability of intended use, please bid accordingly. The auctioneer reserves the right to add or remove items from the auction, Split or combine lots, Add minimum bids or reserve prices, Cancel, suspend, extend or reschedule an individual item and or auction event, Make change’s to the auction closing times or inspection or removal times.
Any controversy or claim arising out of or relating to this contract and/or agreement, or breach thereof, shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgments upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. Venue will be Oakland County Michigan. Liability: Auctioneers and Sellers liability shall be limited to the refund of bidders purchase price.
LIMITATIONS... The above-stated Conditions of Sale cannot be altered except by The Auctioneer.
Registration Instructions...First: you need to register to bid. Go to the Auction Registration page, put in your information, submit, you will receive an email with your bidder number and you will use the password that you created. Then go to the catalog place your bids also you can utilize the MAX-BID system where you can put in your starting bid and your highest bid the computer will bid up to that point only if other higher bids are received, at the bottom of the catalog.
Assets Now Auctions
Ferndale, MI 48220
Phone: (248) 723-5559