TERMS & CONDITIONS
Online Consignment Auction
i77 Equipment & Outdoors is pleased to host an opportunity to purchase items with our online bidding platform in cooperation with Brown & Company (Exclusive Auctioneer) SCAL #4138 / SCAL #4160. The use of “i77” herein refers to i77 Equipment & Outdoors and the Exclusive Auctioneer - interchangeably.
We recommend reviewing the following terms and conditions prior to bidding. Please read the following terms carefully. By registering for this auction, you acknowledge that you have read and understood all terms and conditions herein and set forth within the supporting documentation described in the terms and that you have inspected the item or had the opportunity to do so.
By registering and bidding, Bidder acknowledges that they have read and agree to the terms and conditions of the online auction.
BIDDER VERIFICATION & QUALIFICATION
The identity of all online bidders will be verified prior to participation. A Visa or MasterCard is required to register. No charges will be made to your card unless you are determined to be the winning bidder, and you fail to fulfill your obligations to purchase the item. At the discretion of i77, a penalty of 25% of the final bid will be charged to the credit card provided at registration if you fail to fulfill your obligations to purchase the lot. Payment of the penalty shall not affect other remedies available to the seller for such failure.
Equipment and lots located on-site unless otherwise noted in the lot description. This is an online only auction hosted at www.i77sc.com or available on our Mobile Bidding App, live on-site bidding is prohibited.
AUCTION DATES & TIMES
As advertised; dates and times subject to change at i77’s discretion.
All lots may “auto-extend” due to continued bidder activity. i77 reserves the right to extend the bidding closing time by applying the timed “auto-extend” bidding option online or any other way deemed acceptable by i77. All lots are subject to a predetermined auto bidding extension.
INSPECTION DATES & TIMES
As advertised; dates and times subject to change at i77’s discretion.
If the equipment or lot is located anywhere other than the Auction Location, we will provide contact information, the physical location and any instructions or prior arrangements necessary to inspect the lot.
A 10% Buyer’s Premium applies to all purchases – this example does not display any applicable sales tax.
TOTAL Purchase Price:
SALES TAX & SALES TAX EXEMPTION
Applicable sales tax will be applied to all lots unless the following proper documentation is provided to i77 prior to or at the time of purchase:
Farmer Tax Exemption: Applicable farmer tax exemptions will apply. Proper documentation must be provided by the purchasers.
Exporter Tax Exemption: A valid Bill of Lading must be provided by the purchaser’s 3rd party transportation at the time of item(s) removal.
A purchase confirmation including an invoice will be emailed confirming your bids upon conclusion of the auction. Payment is required within 48 hours of the end of the auction.
The accepted forms of payment are Cash, Cashier’s Check, Personal or Business Checks, or Wire Transfer. Credit Cards are used only as a verification tool. i77 reserves the right to charge the purchaser’s credit card on file in an amount up to the full purchase price plus storage fees for lots not paid for and pickup up in a timely manner.
A required Form 8300 will be completed and submitted to the IRS for Cash and/or Cashier’s Check
payment amounts of $10,000.00 or more.
Pre-Bidding is available on our website and mobile app prior to the auction.
Max bids may be placed on our website or the Level bidding app to ensure bids are received accordingly.
All bids are irrevocable by each Bidder. You are bidding to buy. Subject to seller confirmation.
EQUIPMENT/LOT REMOVAL & POSSESSION
Equipment/Lot removal deadline is 10 business days after time of purchase unless prior arrangements are made. Lots or Equipment can be removed from the sale site ONLY after i77 has received PAYMENT IN FULL. NO EXCEPTIONS.
As advertised; dates and times subject to change at i77’s discretion. Buyer is responsible for all shipping logistics and costs. Loadout appointments on days other than those advertised are subject to a $25 fee per item(s). By appointment only.
i77 shall endeavor to describe in detail each item and any pertinent information about it and believe it to be correct to the best of their knowledge. All documents and information are being furnished to the recipient for the recipient’s convenience and it is the responsibility of the recipient to determine that information contained herein is accurate and complete. Bidder shall be the sole judge of value.
All lots sell “AS IS, WHERE IS” with no warranty. There shall be no guarantees or warranties, expressed or implied, statutory, or otherwise as to the merchantability, or fitness for any particular purpose of any goods offered in this sale. Some lots sell subject to lease payoff amount. All lots available for sale prior to auction. Assets are subject to additions and deletions.
It is the Bidder’s responsibility to determine condition, age, genuineness, value, or any other determinative factor. i77 may attempt to describe the merchandise in advertising, without making any representations. In no event shall i77 be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. i77 does not guarantee the authenticity of listed equipment hours. Hours are listed as shown on equipment at time of inspection.
This information is being provided without any warranty or representation, express or implied, as to its content, its suitability for any purpose or its accuracy, truthfulness or completeness. Each purchaser must conduct and rely solely upon their own investigation and inspection, any reliance on the contents shall be solely at the recipient’s risk. It is the Bidder’s responsibility to determine condition, age, genuineness, value, or any other determinative factor. Further, all parties acknowledge and agree that the item is being sold “As Is” with any and all faults. The Seller shall have no obligation for repairs or replacements noted in any inspection(s) made by or for the Purchaser. Such repairs or replacements shall be the sole responsibility of Purchaser. Please carefully review all information supplied and seek appropriate assistance prior to bidding online. Any announcements delivered by i77 take precedence over previous matter, content or oral statements in the order they are submitted and/or provided. Bidder agrees that everything is sold “as is” and that they may not return any item they purchase for any reason.
Definition: Lot - This term refers to either an individual object or a group of objects that are offered for sale at auction as a single unit. Each lot is assigned a number for easy identification during the auction.
ONLINE BIDDING DISCLAIMER
i77 is providing internet pre-auction and online bidding as a service to Bidder, in conjunction with auctioneer. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against i77, auctioneer or anyone else if the internet service fails to work correctly before or during the online auction. We will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid before the auction begins. i77 reserves the right to withdraw or re-catalog lots in this auction.
i77 is not responsible for malfunctions or system errors, which cause a bid or bidder to fail to be recognized or registered. The auction company will not be liable for any faulty equipment, failure of equipment, faulty software, failure of software, lack of internet service connections or signals, or failure for any online bids that are not relayed on time to the auction company. The auction company reserves the right to extend bidding, delay bidding, continue with live bidding, or cancel bidding, without any notice to online bidders.
Auction company will not be responsible for errors, omissions or accidents on the property or sale site. Online announcements and notifications take precedence over this or other announcements, terms and conditions.
LICENSES & AFFILIATES
i77 Equipment & Outdoors is pleased to host auctions by offering an online bidding platform in conjunction with strategic partners and third-party affiliates, including, but not limited to the exclusive auction services of Russ Brown (SCAL #4138) of Brown & Company RE, LLC (SCAF #4160).