Auction Rules & Guidelines

General Auction Rules

1. Registration Required: All bidders must register and provide valid identification before participating in any auction.
2. Binding Bids: All bids are legally binding contracts. Once placed, bids cannot be retracted except in cases of clear error.
3. Bid Increments: Bids must meet minimum increment requirements as displayed on each auction listing.
4. Auction Extensions: Auctions may be extended if bids are placed in the final minutes (soft close).
5. Reserve Prices: Some auctions may have reserve prices that must be met for the sale to proceed.

Bidder Responsibilities

• Inspect equipment condition through provided photos, descriptions, and inspection opportunities
• Understand all terms and conditions before bidding
• Bid only on items you intend to purchase
• Complete payment within specified timeframes
• Arrange for pickup or shipping as agreed

Payment Terms

Winning bidders must:

• Pay in full within 48 hours of auction close
• Pay applicable buyer's premium (15%)
• Pay all applicable taxes and fees
• Use approved payment methods (wire transfer, ACH, credit card)

Equipment Condition

All equipment is sold "AS IS, WHERE IS" unless otherwise stated. SecondBloom Auctions provides:

• Detailed photos from multiple angles
• Comprehensive equipment descriptions
• Condition reports when available
• Inspection opportunities for qualified bidders
• Video demonstrations when applicable

Removal and Shipping

• Equipment must be removed within the specified timeframe (typically 10-14 days)
• Buyers are responsible for all shipping and handling costs
• Loading assistance may be available for an additional fee
• Storage fees apply for late removals
• Proper insurance and transportation equipment required

Prohibited Conduct

The following actions are strictly prohibited and may result in suspension:

• Bid manipulation or collusion
• Creating multiple accounts to circumvent bidding limits
• Interfering with the auction platform or other users
• Misrepresenting identity or financial capability
• Failing to complete transactions without valid reason

Dispute Resolution

In case of disputes, SecondBloom Auctions provides a fair resolution process. All parties agree to work in good faith to resolve issues before pursuing legal action.

Contact Information

For questions about auction rules or specific auctions, contact us:

Email: info@secondbloomauctions.com
Business Hours: Monday-Friday, 9AM-5PM CT