BUYER TERMS (CONSIGNOR TERMS AT BOTTOM)
PREMIUM AUCTION DEFINITION: Registered bidders understand that a premium auction acts as a fundraiser for the student exhibitor. THE HIGH BIDDER DOES NOT PURCHASE THE RIGHTS OF LEASE OR OWNERSHIP TO THE PROJECT BEING OFFERED. The student exhibitor may keep the project or sell it to a market buyer through negotiated sale or separate auction. Premium sale buyers desire to financially assist student exhibitors ONLY. No transfer of lease or ownership is implied when a lot is designated as a “Premium Auction” Item. Premium sale prices are to be strictly considered a gift to the student exhibitor.
ADD ONS: Those desiring to assist individual exhibitors through financial donations may place “Add ons” on specific lots. These add on monies will be credited to the student exhibitor less applicable sale expenses. There is no transfer of lease or ownership implied to any lot by placing “add ons” on a lot. Add ons are to be strictly considered a gift to the student exhibitor.
TERMINAL AUCTION DEFINITION: Student exhibitor consignors may offer their project as a “Terminal” auction which means the highest bidder will be granted the contents of the lot at the conclusion of the auction and successful Payment. A terminal lot should be understood by the bidder that they are buying the contents of the lot and have the ability to take delivery and provide adequate care of live animals.
SANCTIONED PREMIUM SALE: A Sanctioned premium sale is an event that is offered by a non-profit organization and utilizes the hosting and sale management of StockShowAuctions.com. All monies paid by buyers will be invoiced by StockShowAuctions.com but paid directly to the non-profit organization. Buyers may receive federal income tax deductions for the amount paid to a non-profit organization through a sanctioned premium sale.
NON-SANCTIONED PREMIUM SALE: Non-sanctioned premium sales are events that are organized so the students may have a platform to market their projects and receive support from bidders. Non-sanctioned events are hosted by StockShowAuctions.com for the benefit of student exhibitors. All funds paid will be paid to Stock Show Auctions and the buyers should not expect federal income tax deductions.
CONDITIONS: Any person placing bids on items in this auction agrees to these terms and conditions and understands that, by placing bids, they are entering into a binding contract between themselves and the seller(s) and that they will be held financially responsible for their actions. Brent R. Graves, Auctioneer acts only as an agent between buyer and seller and may not be held responsible for any livestock or merchandise. It is to be clearly understood that Brent R. Graves, Auctioneer; Alliance Auction & Realty, StockShowAuctions.com and representatives act only as a means between buyer and seller, and may not be held liable, financially or otherwise, for any failure on the part of the same to fulfill any obligations set forth in this sale or for the truth of any warranties expressed or implied. This catalog of offering has been prepared by the auctioneer from information provided by the seller(s) and is assumed accurate as presented to us. However, Brent R. Graves, Auctioneer will in no way guarantee age, pedigree, or reproductive status of the animals selling. All agreements and adjustments made are between buyer and seller.
Placing a bid is a binding contract between you and the Owner/Seller, and the bid cannot be retracted. Once a Bidder places a bid, and the bid is the high/winning bid, the Bidder will be obligated to buy the lot at the said price indicated. Placing a bid on this online auction site, and winning, then not paying for the lot is illegal in most states, and criminal prosecution or civil litigation can result.
The Owner/Seller of property sold through this online auction site reserves the right to reject any and all bids.
As a Bidder, you are responsible for any bids placed by you or a designated representative under your bidding number and password. The security of your Bidder information is your sole responsibility and the Bidder will be responsible for any and all bids placed under the assigned number. If, at any time, you feel that your Bidder number and password have been compromised, due to lack of security on your part, you must notify Auctioneer immediately.
Bidders agree that when using the Maximum Bid feature on our online auction web site they will use it according to the terms and conditions applicable to that feature. Please note that when using the Maximum Bid feature, if you are the current high Bidder and you want to change your Maximum Bid, you will be required to place a new bid in the increment designated for that lot in order to raise your Maximum Bid, which may cause you to raise your last high bid by one bid increment. You, as a Bidder, understand and agree to how the Maximum Bid feature works if you choose to use it.
BID RETRACTIONS: There are no bid retractions. 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.
Despite efforts to avoid the withdrawal of lots from the online auction sale after they are listed, it may sometimes be necessary to so withdraw lots; therefore, the Owner/Seller reserves the right to do so at any time before or during the online auction sale.
We are not responsible for injury or accidents. All animals become property of the buyer at the conclusion of the auction. Sellers cannot be held responsible for the health or condition of animals after the conclusion of the auction. Brent R. Graves, Auctioneer is licensed by the Texas Department of Licensing & Regulation (License #13507) and is covered by auction recovery fund.
HORSE RACE STYLE CLOSING FORMAT FOR THIS SALE! WHEN TIME EXPIRES, ALL LOTS ARE DECLARED SOLD!
ORIGINAL ENDING TIME: 8:00 PM EDT (7:00 PM CDT) WITH EXTENDED BIDDING TO FOLLOW! EXTENDED BIDDING WILL CONTINUE UNTIL THERE IS NO BIDDING FOR DETERMINED TIME DURING THIS PERIOD!
Extended Bidding means that the auction is not declared closed until there have been five minutes of inactivity on this sale. If there is any bidding during the inactivity period, the auction is extended until there is no bidding for five minutes during the inactivity period. You can always check the time remaining information that appears under each lot! REMEMBER TO CLICK ON REFRESH FOR UP-TO-DATE TIME REMAINING! For this sale, the extended bidding period is 5 minutes.
****Example 1: Auction closes at 8:00 PM. There is no bidding from 7:55 PM to 8:00 PM. All lots are declared closed and the sale ends at 8 PM.
****Example 2: Auction closes at 8:00 PM. There is a bid placed at 7:57 PM. Auction is extended by 5 minutes. No more bidding occurs. All lots are declared closed and the sale ends at 8:02 PM.
****Example 3: Auction closes at 8:00 PM. There is a bid placed at 7:57 PM. Auction is extended by 5 minutes until 8:02 PM. Another bid is placed at 8:01 PM. Another bid is placed at 8:05 PM. Another bid is placed at 8:08 PM. No more bids are placed. All lots are declared closed and the sale ends at 8:13 PM.
Maximum Bidding is a feature you may use during the duration of the auction. This feature allows you to place a private maximum bid that only you will know and allow the computer to bid on your behalf when another bidder places a bid on the same lot you are seeking.
ELIGIBILITY: Exhibitors are allowed to post their projects in the respective auction events for which they were entered to show. StockShowAuctions.com reserves the right to pull from the sale at anytime prior to auction closing any project that is entered in an auction and the validity of registration is in question.
SANCTIONED PREMIUM SALES: This is a sanctioned auction event. A sanctioned event is approved by the host and the rules of sale are dictated by the host. Additionally, the host is responsible for collecting and remitting all funds on behalf of the exhibitors. The host will deduct 5% (five percent) from the gross proceeds of each lot to cover sale expenses, each exhibitor/consignor agees to such deduction at time of entering the sale. The sanctioning organization will be responsible for remitting hosting and sale management expenses to StockShowAuctions.com as well as any required tax documents to contributer/buyers as well as consignors/exhibitors.