Bidspirit auction | Terms and Conditions

Terms and Conditions - ROCK AUCTION GALLERY 230 North 10th Street, DeKalb, Illinois 60115 (312) 967-0272 · (815) 299-7625 Teresa Allen, Licensed Illinois Auctioneer Number 441002569  BIDDER TERMS AND CONDITIONS    These Bidder Terms and Conditions apply to auctions conducted by TERESA ALLEN/ROCK AUCTION GALLERY (”Auctioneer”), and constitute a legal, valid, binding, and enforceable contract between Auctioneer and YOU. Together with any written purchase and sale agreement between YOU and the Seller of any Lot, these Bidder Terms and Conditions form the basis for the contract of sale between YOU and the Seller if YOU are the Winning Bidder on any Lot. 1. Auction Conducted Under and In Accordance with These Bidder Terms and Conditions, Additional Terms and Conditions Posted by Auctioneer, and Announcements Made at the Time of the Auction, and Applicable Law; Acceptance of Bidder Terms and Conditions. The Auction is conducted under and in accordance with these Bidder Terms and Conditions, any and all other Terms and Conditions posted by Auctioneer (whether at the Auction Site or online), any announcements or corrections made by Auctioneer at the time of the Auction, and applicable law. YOU ACKNOWLEDGE AND AGREE THAT YOU HAVE HAD A FULL AND FAIR OPPORTUNITY TO REVIEW THESE BIDDER TERMS AND CONDITIONS, THAT YOU HAVE READ THESE BIDDER TERMS AND CONDITIONS, THAT YOU UNDERSTAND THESE BIDDER TERMS AND CONDITIONS, AND THAT YOU ACCEPT AND AGREE TO BE BOUND BY THESE BIDDER TERMS AND CONDITIONS. YOUR participation in the Auction, whether at the Auction Site, online, telephonically, or though any other means (including Absentee Bid), is further evidence of YOUR agreement to be bound by, and to abide by, all Bidder Terms and Conditions.  2. Auction Conducted in the State of Illinois. The Auction is conducted in the State of Illinois. All Lots are offered for sale in the State of Illinois, and will be sold in the State of Illinois. Notwithstanding YOUR physical location, these Bidder Terms and Conditions are entered into in the State of Illinois, all bids and payments are received in the State of Illinois, and all contracts between a Seller and Buyer are formed and entered into in the State of Illinois. Unless otherwise agreed in writing, all Lots will be delivered in the State of Illinois.    3. Definitions. The following definitions apply to these Bidder Terms and Conditions for each auction conducted by Auctioneer: ”Absentee Bid” means a bid submitted to Auctioneer by an Absentee Bidder for the execution during the Auction under terms established by Auctioneer. ”Absentee Bidder” means a person or entity that submits an Absentee Bid. An Absentee Bidder may or may not be physically present at the Auction Site during the Auction. ”Absolute Auction” or ”Absolute” means that property is sold to the highest bidder regardless of the amount of the final bid and without reservations. This type of auction is also known as an auction ”Without Reserve.” Provided that a bid is received within a reasonable time after bidding opens on a Lot, the Lot will be sold to the highest bidder regardless of the final bid amount. A Lot exposed for sale at Absolute Auction may only be withdrawn by Auctioneer if a bid is not received within a reasonable time after bidding opens on the Lot. (See, also, Without Reserve). UNLESS EXPLICITLY AND EXPRESSLY STATED OTHERWISE BY AUCTIONEER IN WRITING, NO LOT IS BEING EXPOSED FOR SALE AT ABSOLUTE AUCTION OR WITHOUT RESERVE. ”Auction” means an auction conducted by Auctioneer. ”Auction Site” means the physical location where the Auction are conducted, and/or where the Property is located, and/or where inspections may be made, and/or where pick-up occurs. ”Bidder” means any person or entity (and the agents or representatives of any such person or entity) that registers, and/or bids, and/or buys, and/or otherwise participates in the Auction(s) (including, without being limited to, inspection and/or pick-up), regardless of whether such person or entity tenders a bid.  ”Bidder Account” the online account identified to a Bidder by Auctioneer or by an Online Auction Platform Provider on Bidder's Registration. (See, also, Bidder Number). ”Bidder Number” means the number or other identifier issued by Auctioneer to a Bidder for the purposes of identifying bids to such Bidder. (See, also, Bidder Account). ”Bidder Registration” means the registration of a Bidder to participate at the Auction(s) (either online, or onsite, or both), including the information provided by a Bidder, and the Bidder's to be bound by Auctioneer's Bidder terms and Conditions. ”Bidder Terms and Conditions” means Auctioneer's Bidder Terms and Conditions. ”Buyer” means the Winning Bidder on a Lot. ”Buyer's Premium” is a non-refundable administrative fee calculated as a percentage of the Hammer Price that is payable by the Buyer of each Lot to Auctioneer's for Auctioneer's own account.