Commercial Industrial Auctioneers

These are the general auction terms and conditions that apply to all auction conducted by Commercial Industrial Auctioneers. Please keep in mind that every auction is unique to itself and may contain specialized terms and conditions which will be noted in the auction catalog.

Auction Terms And Conditions

Payment In Full Is Due On Auction Day.
Acceptable Forms Of Payment Include Cash, Visa, Mastercard, Wire Transfer Or Company Check With A Bank Letter Of Guarantee. No Personal Checks
Bidder Understands That There Is A 14% Buyer’s Premium Applied To All Auction Lots Unless Clearly Marked Otherwise. There Is A 3% Cash Discount Available To On-Site Buyers Only.

There Is A $25.00 Administrative Fee On The Purchase Of Each Titled Unit.

All Lots Are Sold As-Is, Where Is With No Guarantees Expressed Or Implied Whatsoever.
The Auction Catalog Is Being Provided As A Guide Only. Although C.I.A. Makes Every Attempt To List All Items As Accurately As Possible, We Do Not Guarantee Any Of The Information Listed.

Preview Dates And Times:
On-Site Preview Is Held At Least One Day Prior To The Actual Auction Date. It Is The Bidders Responsibility To Take Advantage Of The On-Site Auction Preview To Personally Review And Inspect All Items To Be Auctioned. All Items Are Sold ‘As-Is, Where Is’ With No Guarantee Expressed Or Implied Whatsoever.

Bidder Understands That When They Purchase A Lot, They Purchase The Entire Contents Of That Lot.
You Must Remove All Items In Your Lot Regardless Of Whether Or Not You Want Them. You Bid It, You Buy It. If A Bidder Should Leave Part Of Their Lot Behind, They Will Be Responsible For Any And All Labor Costs And/Or Disposal Fees Incurred In Disposing Of The Leftover Items. It Is Further Understood That The Auction Company Is Under No Obligation To Contact The Bidder First, Once The Final Removal Date For An Auction Has Passed.

Check Out Dates And Times:
After You Have Paid Your Invoice In Full And It Is Safe To Do So, You May Begin To Remove Your Purchased Items. You May Remove Items The Auction Day Up Until One Hour After The Close Of An Auction. After That Please Pay Attention To The Specific Removal Dates And Times For Each Individual Auction.

All Items Remaining At An Auction Site After The Last Scheduled Check Out Time Are Subject To A $15.00 Dollar A Day Storage Fee. If An Item Must Be Removed By C.I.A. From An Onsite Auction Location The Buyer Will Be Charged For All Costs Associated With The Removal Of That Item.

All Purchases Made With Your Bidder Number Will Be Your Your Responsibility. All Documents Related To Any Auction Item Will Be Made Out To The Name Of The Winning Bidder. The Individual Registered With A Buyer Number Will Be Responsible To Make Payment In Full On The Day Of The Auction For The Entire Invoice.

Every Effort Is Made To Safeguard Merchandise Throughout The Auction, However, Once You Are Awarded A Lot, You Are Advised To Further Guard That Lot At Your Own Discretion.

If You Are Unsure Of Which Lot Is Selling You Should Inquire With The Auctioneer Or Ring Man Or Not Bid. When You Become The Winning Bidder At Auction You Have Entered Into A Contract To Purchase And Will Be Expected To Pay For Items In Which You Were Evidenced To Be The Successful Bidder. The Auctioneer And C.I.A.Will Not Honor ‘Mistakes’.

The Auctioneer Reserves The Right To Reject The Bidding Of Any Person Whose Conduct, Actions Or Adverse Comments He Feels Are Not In The Best Interest Of The Seller.

The Auctioneer Reserves The Right To Revoke A Person’s Bidding Privileges, At Their Sole Discretion.

Despite Our Efforts To Avoid Withdrawal Of Items From The Auction After They Have Been Advertised, It May Become Necessary To Do So; Therefore, The Owner And/Or Auctioneer Reserves The Right To Withdraw Units At Any Time.

Auction Rates

Miscellaneous Item

$25.00 And Under – 50%
26.00 To $50.00 – 40%
$999.00 And Under 20%
$1,000.00 And Above 10%

Equipment

No Tires, Household Items, Appliances, Office Furniture, Fluids, Paints

$4,999.00 And Under 10%
$5,000.00 And Over 5%

Trailers

$150.00 Minimum On All Titled Trailers (Non-Titled Trailers Will Use The Misc. Rates)
$1,500.00 – $9,999.00 10%
$10,000.00 And Over 5%

Trucks

$200.00 Minimum On All Trucks
$2,000.00 – $9,999.00 10%
$10,000.00 And Over 5%

Motorcycles, Quads, Jet Skis, Snowmobiles & Boats

10% With A $125.00 Minimum

All Titled Units Are Subject To The Following Terms & Conditions

No Salvage Certificates  |  No Lien Papers | No Title Delays – Title Must Be In Hand At Time Of Consignment

Failure To Disclose Any Mechanical Issues With A Vehicle At The Time Of Consignment Could Result In A Loss Of Sale

*We Reserve The Right To Refuse Any Item That We Feel Does Not Fit Within Our Auction Lot/Sale Parameters. Rates Are Subject To Change Based On Factors Including, But Not Limited To, Quality & Quantity Of Items Being Consigned, Inaccurate Descriptions Provided By Consignor, Misrepresentation Of Any Items Condition, Or Any Other Factors That C.I.A. Deems Fair & Reasonable. This Is A No Reserve Auction, Therefore If A Consignor Buys Back Any Of Their Lots, Additional Fees Will Apply*

Commercial Industrial Auctioneers

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