Absentee Bidding on LoneStarOnline.com
Online Absentee High Bidder Notification:
The Successful Winning High Bidder on LoneStarOnline.com will be considered an ABSENTEE BID and act as the STARTING BID on the floor at the Live portion of the auction on Saturday, July 10, 2010.
ALL SUCCESSFUL HIGH BIDDERS MUST SUPPLY A VALID CREDIT CARD (Discover, MasterCard or Visa) AT THE CLOSE OF ONLINE ABSENTEE BIDDING IN ORDER FOR US TO EXECUTE YOUR ABSENTEE ONLINE BID(S) AT THE LIVE AUCTION ON YOUR BEHALF. We will not execute any bids without your commitment on file. Credit cards will not be used if you pay by other means (cash, cashiers checks, wire transfer, check with a Bank Letter) by the July 14, 2010 due date as indicated in the payment terms below.
An email will be sent out on Monday morning July 12th notifying the successful winning absentee bidder.
Acceptance of Terms:
All persons participating in online bidding agree to and accept all Terms and Conditions unequivocally and without exception. All participants hereby agree and accept that the Cameron County, Texas nor Lone Star Auctioneers, Inc. will be held responsible for any failure to execute any online bid on behalf of any participant(s) for any reason whatsoever. All bidders hereby acknowledge that they understand if they place the high bid on any lot(s) in the ABSENTEE ONLINE BIDDING on LoneStarOnline.com, they are not the winner of that lot(s) and that they will be used as the starting bid in the Live auction. If their bid prevails at the Live auction, only then will they be declared the winning bidder and receive an invoice.
Other Important Information:
24/7 Online Bidding for this auction is being offered as a means to provide an ABSENTEE BID opportunity for those who may not be able to attend the live auction or participate in the webcast. The highest bid received for each lot in the 24/7 auction will become an ABSENTEE BID and will be used as the OPENING BID at the Live-Webcast auction to be held on Saturday, July 10, 2010 in Austin, Texas. This means the highest online bid is only a final sale when and if it is the highest final bid at the live auction. If no higher bids are received during the live auction, the 24/7 absentee bid will stand and becomes the FINAL winning bid. If, however, a higher bid is received at the live auction, the 24/7 absentee bidder will be unsuccessful and will have their pre-paid monies returned in full.
Based on our previous experience, we suggest that 24/7 bidders decide the maximum value of each lot to himself or herself and bid that amount. Lowball bids are very seldom successful in either 24/7 or live auctions. Please note - Only the amount showing at the close of the Online Absentee bidding will be taken to the Live auction. It is pointless to use the AUTO BID feature, as we will not have access to this information.
Winner Notification & Payment Terms:
Successful Online Absentee bidders from the live auction will be notified via email Monday, July 12, 2010. All
successful Online Absentee Bidders MUST send in their Cashiers Check payment NO LATER THAN Wednesday, July 14, 2010 at 5:00pm. Any bidder(s)
who do not pay for their online purchases will not be allowed
to register or participate in any future auctions conducted by
Lone Star Auctioneers, Inc. Please call Lone Star Auctioneers with any questions or assistance you may need for bidding at the next Cameron County auction (800-275-3336).
Sales Tax:
Texas State Sales tax of 8.25% will be collected from all taxable buyers taking possession of their
purchases in Texas for all equipment and vehicles where titles are not available. Texas State Sales tax will be collected
from ALL buyers who do not complete appropriate resale documentation
upon registration for the auction and prior to making purchases.
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