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.

Terms of Payment:

Complete payment due day of sale. No property removed until settled. Sachs 5th Auction accepts cash, major credit, debit cards, and bank certified cashier's checks. Checks with a bank letter of guarantee will be accepted or pre-approved and already known and established accounts with Sachs 5th Auction. 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 $10,000 and wire transfer over $10,000.

Absentee Bids Policy:

Absentee bids are welcome. Minimum absentee bid is $50.00. All Absentee bids $100.00 and under will be started at the highest bid. All other bids will start within $50.00 to $75.00 of the high bid. A credit card is required to place an absentee 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.)

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.

Notice to Consigners:

All items passed will be donated to charity unless consignor picks up passed items by 4:00 pm the next business day following the auction.

Online Bidding - Terms & Conditions:

The Terms & Conditions for our online bidders are posted on our page with Proxibid. www.proxibid.com/sachs. Just click on the "Info" button on a current or past auction to access this information. See below. Also Note: The only payment accepted from internet bidders is by credit card up to $10,000 and wire transfer over $10,000.

Sample Bank Letter

505.864.8081 or 505.864.8065