Sachs 5th Auction - Terms and Conditions

Terms and Conditions

Everything Sold As-Is, Where-Is, No Warranties Written or Implied:

Everything sold as-is, where-is, no warranties written or implied. Buyers shall rely entirely on their own judgment and inspection of property. Nor is any item guaranteed to be of any particular age, year of manufacture, model, make or condition. Both buyer and seller acknowledge their person and property are at the auction site at their own risk. No person shall have any claim against auctioneers, their agents, employees or principals for any injuries sustained nor for damages to or loss of property which may occur from any cause whatsoever. All oral statements made auction day supersede any printed materials. Food, beverages and restrooms are available onsite.

Any Condition statement is given as a courtesy to a client, it is only an opinion & should not be treated as a statement of fact. Sachs 5th Auction shall have no responsibility for any error or omission. Furthermore, the absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear & tear, imperfections, or the effects of aging.

Terms of Payment:

Complete payment due day of sale. No property removed until settled. All funds must be verified before merchandise can be released. Sachs 5th Auction accepts cash, major credit, debit cards. Checks with a bank letter of guarantee will be accepted or pre-approved and already known and established accounts with Sachs 5th Auction. No out of town checks accepted. Please have proper identification with you. No dealer's drafts will be accepted. The only payment accepted from internet bidders is by credit card up to $2,000 and wire transfer for over $2,000. Online bidders who are within the local area may also come in and pay cash.

Absentee Bids & Online Bids Policy:

Absentee bids are welcome. Sachs 5th Auction requires a bid of at least $50.00 per lot for absentee bids. The bid you make will be the maximum you are willing to bid. We will start the bidding at 2 increments below the bid. However, $50.00 is the minimum for absentee bids. (If your maximum absentee bid is $50.00 the bidding will start at $50.00. If your maximum absentee bid is, for example, $100.00, the starting bid would be 2 increments below that bid.) We require a credit card number to accept an absentee bid. Absentee bids by phone will be charged a 15% Buyer's Premium. Absentee bids cannot be withdrawn after the start of the auction. Absentee bids accepted during the auction cannot be withdrawn. Absentee bids are subject to all of the same Terms and Conditions as the on-site & online bids are.
Online Bidders: Online bidders can bid at the opening bid or more. Online bidders are only restricted to bidding at the opening bid amount (as stated in the catalog), not the $50.00 minimum as required for absentee bids. Note For Online Bidders: the opening bid is the minimum bid. Maximum bids will start at 2 increments below the maximum bid placed if equal or more than the minimum opening bid.

Bank Letter of Guarantee:

A personal or company check will be accepted only when accompanied by a bank letter guaranteeing payment. This letter must be on a bank letterhead and must state (1) that payment is guaranteed; (2) that the guarantee is valid for 30 days after receipt in the Sales Office; and (3) that the guarantee covers the purchase from Sachs 5thAuction. The letter must be signed by a bank official authorized to guarantee payment. (See example below.) Sachs 5th Auction reserves the right to hold merchandise until such time the Bank Letter of Guarantee can be verified.

Special Note:

Pick up items on the day of sale or Monday after the sale between the hours of 9 a.m. and 4 p.m. Bring help and tools to remove your items. Everything must be removed by 4 p.m the Monday after the sale.

The venue & jurisdiction is Valencia County in the State of New Mexico and none other. Credit card charge backs will not be accepted.

A $30.00 fee will be charged for any returned checks for any reason.

Notice to Consigners:

Disposition of items will be as per contract.

Online Bidding - Terms & Conditions:

The Terms & Conditions for our online bidders are posted on our auction catalogs with Proxibid. www.proxibid.com/sachs. Click on the auction to see the catalog & to access this information. Also Note: The only payment accepted from internet bidders is by credit card up to $2,000 and wire transfer over $2,000 unless there are other arrangements. Online bidders, who are within the local area, may also come in and pay in cash the day of the auction.

Sample Bank Letter

505.864.8081 or 505.864.8065