Online Recovery Special Consignment Sales: (all consignments must be dropped off at SSL Corp no later than 9 days prior to the auction day) The auctioneer will notify the defaulted bidder of this amount, and take any legal collection actions, including charging the credit card on file, and/or the use of an attorney or collection agency for this deficiency. This amount will be immediately due and payable upon the resale of that item. Any deficiency will become the expense of the high bidder who defaulted. Please note that if an item(s) is not paid for and picked up within 5 days from the date of the auction, unless specified otherwise in the items description or in writing from the auctioneer, the item(s) and bidder will be in default, and the item(s) may be resold by the auctioneer. No refunds will be given after the 5 days time frame from date of the auction (Please note auction date NOT removal or date of payment) and any other refund is the sole discretion of a SSL Corporation manager! Please note that all sales are final regardless of the purchase items condition, unless the discretion of a SSL Corporation Manager deems differently. Sometimes we do know and list the condition of the items, but many times do not. The working condition of an item may not be known and may not always be listed in the items description. All items are sold "as is where is", with NO guarantee, warranty, or possible refund written, expressed, or implied. **Condition of online auction items** All high bids are considered legal binding contracts and all sales are final. *Buyer’s premium and sales tax will be in addition to the winning bid amount. The high bid is $25 with Bidder #1 in high bid position because Bidder #1 placed the $25.00 auto bid before Bidder #2. Bidder #2 places an auto bid for $25.00 (same amount as Bidder #1 auto bid) Bidder #1 places an auto bid of $25.00.Ĥ. The high bid is $30 because Bidder #2’s auto bid was exceeded at an increment equal to $5.Ģ. Bidder #2 places an auto bid for $25.00īidder #2 - $25 (maximum auto bid placed) No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00Ĥ. Bidder #1 places an auto bid of $77.00.ģ. Minimum bid is $10.00 with a $5.00 bid increment.Ģ. The high bid is $25 not $28 because Bidder #2’s auto bid was exceeded at an increment other than $5.ġ.
Bids would compete with each other as follows:īidder #2 - $23 (maximum auto bid placed)
Bidder #2 places an auto bid for $23.00.ĥ. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00.Ĥ. Bidder #1 places an auto bid for $77.00.ģ. Minimum bid is at $10.00 with a $5.00 bid increment.Ģ. If another bidder already has an auto bid in place when you place your auto bid, the (2) competing auto bids will continue to increment until either the lower auto bid is maxed out or if both auto bid amounts are the same the auto bid that was placed first will become winning position of the bid.ġ. The auto bid will increment up only with competing bids until either the item completes with you as the high bidder, or until your auto bid has been exceeded by another bid. Your auto bid will not “jump” to the maximum amount. You are the only person that can see your auto bid amount (displayed in your Watch List). The auction company or other bidders do not have access to see your auto bid amount. Based on your Account Preferences for notification, you may be notified whenever your auto bid increases &/or when it is exceeded.
Automatic Bidding (auto bid) option makes bidding convenient allowing you to enter the maximum bid amount* that you are willing to bid on an item.
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