|
|
1. BIDDER REGISTRATION:
The auction is open to the public and all bidders are required to register
with the auctioneer to receive a bidder’s card. Bidder Registration will
begin at 9:00 A.M. on Auction Day.
2. PREVIEWS:
The assets will be available for preview Saturday,
February 27 from 9:00 A.M. to
11:00 A.M. All assets are offered and sold in As-Is
condition without warranty. Bidders are encouraged to preview the items
included in this auction.
3. PAYMENT:
Payment in full is expected at the conclusion of the auction by Cash,
Cashier’s Checks or Money Orders. Corporate checks will be accepted when
accompanied by a current Bank Letter (made specifically for this auction and
addressed to National Auction Company) guaranteeing payment and subject to
verification at the time of Bidder’s registration. Bidders who leave the
auction site without paying in full are required to make a deposit in the
minimum amount of 25% and advise auction staff when they are returning with
the balance due.
4. FLORIDA SALES TAX:
All sales are subject to the rules of the Florida Department of Revenue.
Florida dealers with resale numbers must bring a certificate to the auction
which must be presented at the time of bidder registration.
5. FORM of AUCTION:
This auction is conducted By Order of The U.S. Bankruptcy Court,
Southern District of Florida, in
accordance with the terms and conditions set forth in the order of the
Court.
6. BUYER’S PREMIUM:
A 10% Buyer’s Premium will be added to all top bids and included in the
total purchase price.
7. METHOD of SALE:
(a) The method and order of sale will be at the
auctioneer’s discretion.
(b) Recognition of bid increments will be at the discretion of the
auctioneer. In the event items are offered and no bids are received, the
auctioneer may remove them from the order of sale and offer it a later time
during the auction or regroup them with other items.
(c) The auctioneer reserves the right to add or delete any items from the
auction.
(d) The terms and conditions of sale may be changed by announcement from the
auction podium. Any such announcement will take precedence over previously
printed materials or oral statements made.
(e) Bids will only be accepted from bidders who have registered with the
auctioneer.
(f) In the event of disputes between bidders or tie bids, the auctioneer’s
decision will be final.
(g) The Auctioneer reserves the right to sell the assets in bulk or by the
piece.
(h) The Auctioneer reserves the right to ask for additional deposits from
any bidder during the course of the auction. In the event a deposit is
requested and not given, goods previously sold may be subject to resale at
the option of the Trustee or Auctioneer.
(i) All information contained in the auction publication, newspaper ads, web
site or furnished by staff members is believed to be correct but is not
guaranteed. Bidders must rely upon their own information, judgment and
inspection of the assets offered.
The auction will be audio or video taped to provide a record of the auction
event.
Purchasers are not permitted to resell items purchased during the auction to
third parties or reassign auction clerking tickets to other bidders.
8. REMOVAL:
All purchases must be removed from the premises immediately following the
auction after payment in full Auction Day. If payment is
not made in full on the day of the auction, any balance due must be paid no
later than Tuesday, March 2,
by 3:00 P.M. Purchases not removed on
auction day are subject to resale if arrangements have not been made with
auction staff. Check out will not be allowed while the auction is in
progress.
9. DIRECTIONS:
I-95 to Sheridan St
(Hollywood), exit east and continue to Federal Highway (US 1) and turn right.
Continue on US 1 south 1 block to Sherman St and turn right. Auction site is
second building on south of the street. .
10. AUCTIONEER CONTACT INFORMATION:
If additional details are needed please contact George Richards at (954)
658-5033 (cell) or grichards@natlauction.com (E-mail). |
