Name UofL Denny Crum Scholarship Benefit Auction
Auctioneer McGinnis Auction & Appraisal Service
Type Online-Only Auction
Date(s) 7/26/2016 - 8/5/2016
Now through 7PM on 5 August 16
Preview Date/Time August 4, 11 - 7PM Carwford Gym, 201 Shipp Avenue, Louisville
Checkout Date/Time 8 - 4PM August 10 at 1901 S. Floyd Street
Location 201 E. Shipp Avenue
Louisville, KY 40208
Buyer Premium A 7% buyer's premium will be collected.
Description
University of Louisville - Crawford Gym - Surplus Equipment Auction- Benefiting the Denny Crum Scholarship Fund. All net proceds will go to the Denny Crum Scholarship Fund. Items to be offerd are the goals & backboards, bleacher sections, score boards, pull-up bars, swim platforms, and diving boards from the pool. The auction is for online bidding only and will run from July 26, 1AM until August 5, at 7PM. Bidding will be with a soft close meaning if 2 or more bidders are bidding on the same item the bidding on that item will remain open for 2 more minutes or until there are no more bids on that particular item. Please read all notices, auction terms, payments & purchase pickup or shipping statements prior to bidding. Auction preview & open house will be August 4, 11 - 7PM Crawford Gym, 201 E. Shipp Avenue, Louisville
Auction Terms & Conditions Terms: 1. All items sold 'AS IS, WHERE IS' with all faults and the buyer assumes all liability for any item purchased. 2. All item descriptions believed accurate but not warranted by the University of Louisville or McGinnis Auction & Appraisal Service. Any weights or measurements when specified in the descriptions are approximate and may not be actual and should be physically verified by the bidder. Any equipment deficiencies noted may be posted in the item descriptions, and it should be noted this is used equipment with blemishes, dents, scratches or other defects. 3. Bidder inspection is highly encouraged. Please attend the open house & preview period prior to bidding; once you have been notified as the winning bidder on an item, it is your item and your responsibility to make full payment under the terms of the auction; Visa & MasterCard only. 4. By placing a bid, bidder signifies that they have examined the item(s) to their satisfaction, or that they have chosen not to personally examine them. 5. The University of Louisville or McGinnis Auction & Appraisal Service reserve the right to reject any bid. 6. Applicable sales tax for Kentucky is 6% all sales tax exemption certificates must be on file before the bidding begins or taxes will be charged. Ky Exemption forms must be emailed to johns.mcginnis@hotmail.com (subject: Tax Certificate) 7. Full payment is expected at the conclusion of the auction and Visa or MasterCard, are the only charge cards accepted for this auction, and the only forms of acceptable payment; no cash or checks will be accepted for this auction. A 7% Buyer's premium will be added to the high bid to determine the final purchase price. Any bidder who fails to make full payment as specified will be barred from all future auctions conducted by by the University or McGinnis Auction & Appraisal Service. 8. The auction company reserves the right to use any credit card on file to complete the purchase transaction once the auction closes. 9. Scheduled pickups will be only at the specified dates & times, on Friday, August 12 and between the hours of 8:00 - 4:00 or as agreed with the university staff. Purchase pickups will be made at the Central Receiving Warehouse, 1900 Arthur Street. All inquiries regarding purchase item pickup should be directed to Ms. Susan Carmack, 502-852-2986. No other pickup times have been specified for this equipment. Any items not picked up or as arranged will be considered abandoned and the University reserves the right to resell at a future auction. 10. A forklift & operator will be provided at load out but no Packaging Material or Shipping Services will be provided by the University or the Auction Company. All packaging material or shipping will be the responsibility of the buyer. Arrangements can be made through shipping providers such as Nick of Time Freight Brokers, Leon Duke, President, Toll Free 888-247-9393, ext. 1. or other shipping services such as Uship, again no assistance will be provided by the University or the auction company for packaging or shipping arrangements. 11. All payments must be by the credit card used during bidder registration, no cash or check payments will be accepted for this auction. 12. The University Staff and the Auction Company reserve the right to bid on any item scheduled in this auction. 13. This is an internet-only auction, there will be no live bidding for these items. 14. Neither the University or the auction company will accept any liability regarding any item purchased or attest to the usefulness of these items. 15. Any links or websites used are for reference use only and the actual item in this online auction may differ from those identified in 3rd party websites. 16. University of Louisville & McGinnis Auction & Appraisal Service reserve the right to cancel and/or reopen the auction in the case of any service provider's system failures. John McGinnis, Principal Auctioneer, CAI, CES, CAGA, 502-458-4815 --------------------------------------------------------------------------------------- Sebae Data Solutions, Inc. SERVICE TERMS AND CONDITIONS ACCEPTANCE OF TERMS Sebae Data Solutions, (the makers of Auction Flex & HiBid (formerly Bidopia) hereafter referred to as "Sebae"), provides its service to you, subject to the following Terms & Conditions ("TAC"), which we may update from time to time without notice to you. The most current version of the TAC can be found found at any time by visiting the link: http://www.auctionflex.com/showtandc.ap USE AND REGISTRATION Our services are available only to, and may only be used by individuals who can form legally binding contracts under applicable law. Without limiting the foregoing, our services are not available to children (persons under the age of 18) or to temporarily or indefinitely suspended members. If you are under the age of 18, you can use this service only in conjunction with, and under the supervision of your parents or guardians. If you do not qualify, please do not use our service. If you are registering as a business entity, you represent that you have the authority to bind the entity to the TAC. REGISTRATION OBLIGATIONS In consideration of your use of the Service, you agree to: (a) provide true, accurate, current and complete information about yourself as prompted by the Service's registration form (such information being the "Bidder Information") and (b) maintain and promptly update the Registration Data to keep it true, accurate, current and complete. If you provide any information that is untrue, inaccurate, not current or incomplete, or Sebae has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, Sebae has the right to suspend or terminate your account and refuse any and all current or future use of the Service (or any portion thereof).  DESCRIPTIONS OF SERVICE Sebae provides the following services under the Auction Flex & HiBid trademarks: Integrated Web Service (for auctioneers), internet bidding (absentee, online-only, & webcast). You can learn more about these services in the following sections. HIBID INTERNET AUCTION PLATFORM & WEB SERVICE DESCRIPTION Sebae provides the HiBid (formerly Bidopia) Internet Auction Platform & Web Service ("HWS") under the HiBid trademark as a software solution for auctioneers wishing to extend the audience of their live auctions to the internet. The HWS provides various features including internet absentee bidding, internet-only auctions, and webcast auctions.  The HWS is able to changes its appearance to coincide with the website that it is powering. Accordingly, the HWS powers the www.hibid.com website as well as numerous Auction Flex customer websites. This ability to change appearance is a feature of the HWS. Much like internet merchant account providers can host a secure web page for a vendor to easily process payments, the HWS hosts certain portions of the auctioneer's website to easily enable advanced features such as internet bidding.  INTERNET ABSENTEE BIDDING Internet absentee bidding allows you to place a bid for an item in advance of an auction. This allows you to place bids on lots without actually attending the auction. INTERNET-ONLY AUCTIONS Internet only bidding allows you to place a bid for an item prior to the auction lot closing online. In an internet-only auction there is no live auction. WEBCAST AUCTIONS Webcast auctions allow you to bid in real-time against other bidders or place pre-bids prior to a lot going "live". Lots are sold in accordance with the Auctioneer's terms and conditions which are accessible from each lot's page. It is your responsibility to read and accept the Auctioneer's terms and conditions prior to placing your bid. When you place a bid you are agreeing to be bound by the Auctioneer's & Sebae's terms and conditions. By placing a bid you are entering into a legally binding and enforceable contract. Please keep in mind that you are bidding against other internet bidders as well as floor bidders, phone bidders, and regular absentee bidders (this list does not constitute a complete list of bidder types but does highlight the common bidder channels). The auctioneer, at their discretion, can approve or deny bidders. The auctioneer reserves the right to accept or deny bidders for any reason. Prior to approval the auctioneer may contact you to determine your credit worthiness. If the auctioneer approves your bid, the auctioneer will then process your bid in accordance with their terms and conditions. Should your bid for a lot prove successful, the auctioneer may contact you to arrange for payment & shipping (if applicable). If the auctioneer required registration via a credit card, the auctioneer reserves the right to process your winning bids to the credit card provided during registration. Sebae, through the Auction Flex & HiBid products & services, facilitates the internet bidding process between the Auctioneer & the bidder. Sebae is in no way a party to the transaction. Because Sebae is not a party to the transaction, you accept that you will have no claim or cause of action against Sebae in respect of the sale (or non-sale) of any Lot. If you have a dispute with an Auctioneer or another user of the Service with regard to the sale (or non-sale) of any Lot you agree that Sebae, its officers, agents, employees will not be liable for losses (including, but not limited to, loss of profits, special loss, indirect loss and consequential los), costs, damages, liabilities, claims, demands and expenses of any kind arising out of or connected with such dispute. You also accept that none of the aforementioned are under any obligation to take any action to resolve any dispute between you and an Auctioneer Sebae is not responsible for any typographical, pictorial or technical errors in information about Lots on the Site as provided by Auctioneers. Sebae does not evaluate Lots and does not act as a specialist or expert on any related subject matter. Sebae makes no warranties or representation of any kind or nature with respect to Lots (including but not limited to representations or warranties as to the accuracy of description, genuineness, quality, authorship, attribution, provenance, period, culture, source, origin or safety). If you have any questions, e-mail the Auctioneer directly. In particular, make sure that you understand the Auctioneer's payment terms and shipping terms. BIDDING The Service requires you to login with your username and password prior to placing a bid on a Lot. Making bids with false information or with stolen credit card information is prohibited and illegal. Your user name and password are required in order to place internet bids. Making bids in a false name or with an invalid or stolen credit card is prohibited. Each bid carries the computer coding of the Internet provider which allows the individual user to be traced and Sebae may at its discretion release this information to enable legal action to be taken. Sebae may, in its entire discretion, refuse or remove bids where it suspects that bids contravene this prohibition. By placing a bid, you are making a binding and irrevocable offer to purchase the Item at any price up to the maximum bid amount you submit. If you win, you must complete the transaction, subject to any contractual right or other right at law to rescind the contract in certain circumstances. Failure to complete transaction without lawful reason is not only a breach of your contract with the Seller but also a breach of this User Agreement. The amount bid can be increased but cannot be decreased. The auctioneer may, at their discretion, allow you to withdraw and resubmit a bid in the case of bids containing an obvious typographical error. You may forward a request to withdraw a bid and resubmit a correct bid by immediately sending an email to the auctioneer, however, there is no guarantee that any bid will be withdrawn. Although Sebae will use best efforts to forward all bids, Sebae does not accept any responsibility for lost bids or problems with the recipient auctioneer's ability to process your bid. Moreover, Sebae cannot guarantee that bids received will be processed by the individual auctioneers. Please note that Sebae's role is limited to the provision of the Site for dissemination and publication of information provided by the Sellers. THE WINNING BID The winning bid in an auction will be the highest bid that exceeds any reserve (if a reserve exists). In the case of equal bids, the earliest bid received will be the winning bid. If a higher bid is subsequently withdrawn or removed then the auctioneer shall have the right to accept the next highest bid. NOTICE OF END OF SALE, PAYMENT & SHIPPING After the sale has ended, the auctioneer will notify the winning bidder via phone, fax or mail that they have won. If you do not receive notice that you have made the winning bid and think that you are the top bidder, you should check with the auctioneer directly. You will make all payment for Items to the auctioneer in accordance with their terms and conditions. BUYER'S PREMIUM, TAXES AND DUTIES If you are a successful bidder, you are responsible for paying any buyer's premium, taxes and duties (including any VAT, sales tax and import duties) that may be imposed on the final price paid for an Item. Accordingly, it is your responsibility to check the applicable taxes and duties that may be imposed on an Item prior to bidding for it. PRIVACY We do not sell or rent your personal information to third parties for their marketing purposes without your explicit consent and we only use your information as described in the Privacy Policy. 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Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000.00 10.00 USD
1,000.01 - 2,500.00 50.00 USD
2,500.01 - 5,000.00 100.00 USD
5,000.01 - 10,000.00 500.00 USD
10,000.01 - 25,000.00 1,000.00 USD
25,000.01 - 50,000.00 2,500.00 USD
50,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium A 7% buyer's premium will be collected.
Payment Terms
The only forms of acceptable payment for this particular auction will be Visa or MasterCard, no other cards are accepted and the University will not accept cash or checks.
Items will be removed from Crawford Gym by the University staff and equipment will be moved to 1900 Arthur Street, Central Receiving Warehouse. Pickup will be on August 12, 8 - 4 PM, The University point of contact for pickup will be Ms. Susan Carmack, 502-852-2986. Please call to verify that your purchases have reached the warehouse prior to going to the warehouse. All pickup arrangements must be made with the University staff and not the auction company.