Terms and Conditions for General consignment items Lexington Online Auction :
Description of item sold:
ALL BIDS ARE NON-CANCELLABLE ONCE SUBMITTED. Once a bid is made and confirmed, it cannot be retracted. When a bid is made you manifest your intent and ability to buy the lot at the bid price. A false or fraudulent bid may result in legal action. Any winning bidder who refuses to purchase the lot may be banned from all future online auctions. Reserve Price: An auction lot may have a reserve price. The reserve price is the lowest price at which the lot will be sold. The reserve price is never disclosed to bidders, but a note may be displayed in the lot information screen specifying a reserve price. When the reserve price has been met the screen may read “reserve price met”. The lot will then be sold to the highest bidder at the conclusion of the online auction sale. When an article is sold with reserve the auctioneer may bid on the owner/seller’s behalf in an amount not to exceed the reserve price. If the reserve price is not met, the lot will not be sold during that online auction. The owner/seller reserves the right to accept or reject any or all bids unless otherwise stated. Winning Bidder: The high bidder at the end of the allotted bidding time for each lot at that time is the owner of that said item. All risk of damage, or injury/ death of livestock to each lot becomes the buyer’s risk upon the end of the allotted bidding time. Each buyer, following his or her purchase, will receive an acknowledgement of purchase via e-mail outlining the details of the transaction including payment, settlement, and final terms. Payment of won item: Acceptable forms of payment are Visa or Mastercard. Buyer shall be responsible for making arrangements for delivery of merchandise or shipping of merchandise. All bids are in US Dollars; all settlements will be paid in US Dollars. Pickup or transportation of won item: The buyer, Item(s) won via auction must be picked up within 7 days max from auction close or is considered abandoned and becomes property of Lexington Online Auction to with as they please. At buyer’s own expense, shall transport the merchandise from the owner/seller. Specific arrangements will be indicated on each individual auction and expenses will be handled between buyer and owner/seller if not Lexington Online Auction. If you have questions regarding transportation, contact the owner/seller or Lexington Online Auction before placing any bids. Limit of Liability: In no event shall the auctioneer be liable for lost profits or any special, incidental, or consequential damages whatsoever arising out of or in connection with any sale or transaction. Lexington Online Auction reserves the right to postpone or cancel a sale without notice, if it is determined that such action is appropriate for whatever reason in our sole discretion. Lexington Online Auction or our agents will neither have liability nor obligation to the intended bidders as a result of any withdrawal, cancellation, or postponement of any sale.