Before You Bid Check Out The Helpful Information Below:
15% Buyer’s Premium
MUST BE 18 TO BID
We Do NOT Ship Merchandise!
Removal/Pick-Up: In-House, By appointment only on Wednesday, 5/4 from 9am to 4pm. Winning Bidders will receive an emailed invoice with a link to make an appointment. The location will be listed for each auction and will be provided in the email and invoice.
Payment: Winning Bidders are charged within 24 hours of an auction closing. Double-check your emailed invoice to make sure it is paid; if a balance is due please follow the link to pay PRIOR to making an Appointment for Pick-Up. For larger purchases ONLY, we will accept Certified/Cashier’s Checks (like for our Monthly Vehicle Auctions) be sure to let us know if this is how you intend to pay.
Tax Exemption: Cash Auctions will no longer be accepting Tax Exemption Certificates. We will not be refunding tax on any invoices; we will ONLY be accepting tax exempt forms for Exempt Organizations (Non-Profits, ST-119.1) and Automotive/Car Dealerships (ST-120 for Vehicles). All other purchasers will be charged the appropriate sales tax regardless of exemption status- If you believe your purchase is tax exempt you can complete an AU-11 on the NYS Department of Taxation & Finance Website for a refund.
Helpful Terms:
Maximum Bid- This is the MOST you are willing to pay for an item (before Buyer’s Premium/Tax); It is your Best Bid. The site uses this Max Bid to automatically bid (up to your Max) against others that are bidding on the same item. This allows you to place all your bids in advance if you are unable to or do not wish to watch the Lots as they close.
Soft/Extended Close- As a lot is closing, if a bid is placed in the Final 2 Minutes, the closing time will restart the countdown from 2 Minutes. This is to prevent “Bid Sniping” and will allow someone who is outbid a chance at rebuttal.
Lots-Per-Minute/Staggered Lots- Lots in our auction will not all close simultaneously at the listed end time. Instead, they will begin to close at a rate of "x" (usually 3 or 4) lots per minute, depending on how many lots are in the auction (Vehicle Auctions will close at a rate of 1 lot per 2 minutes). This means the first "x" (usually 3 or 4) lots will end at the closing time, but the next "x" (usually 3 or 4) will close the minute after, and so on. The closing time for each lot can be seen counting down, at all times. We always try to make sure an auction will be complete within 2 hours of the initial closing time.
Contact:
You can reach our office at 716-AUCTION (282-8466). Calling hours are Monday through Friday from 9 am to 5 pm. If you have any questions, feel free to email us at info@cashauctionmrd.com