BUYER’S
PREMIUM & SALES TAXES
A
15% Buyer’s Premium will be charged to all buyers on
every purchase. Lone Star Auctioneers, Inc. will not refund
or reimburse the buyer’s premium on any item based on
errors and/or omissions of the appraisal.
California
state sales tax will be collected from all buyers who do not
submit appropriate resale documentation prior to Wednesday,
May 26, 2004.
Absentee
bids are accepted in writing and must be received prepaid
in full prior to the deadline for this auction. For bids received
at Lone Star headquarters in Fort Worth, Texas, that deadline
is: Noon - Wednesday, May 26, 2004. For bids
received at the preview and auction site, the deadline is
5 PM on a May 26, 2004. Send a signed copy of the
bid
forms, Terms
& Conditions and
prepayment to: Lone Star Auctioneers 4629 Mark IV
Parkway, Fort Worth, TX 76106-2295. Bids & payments received
after deadline will be returned unprocessed.
Pre payment must be in U.S. funds in cash,
cashier’s check or U. S. checks with a valid bank letter
of guarantee. Bank letter of guarantee must be an ORIGINAL
on bank letterhead, and must read as follows:
Lone Star Auctioneers, Inc.
4629 Mark IV Parkway
Fort Worth, TX 76106-2295
______________ is a customer of this bank.
This bank will guarantee unqualified payment to Lone
Star Auctioneers, Inc. on account # __________
up to the amount of $ __________. No stop payment
will be issued regarding this transaction. This letter
expires June 11, 2004. @ (Expiration
may be later, but must not be earlier than this date.)
______________________(signed),
_________________(title)
_____________(date) |
Lone Star Auctioneers will refund any unused portion of the
absentee bid to the bidder by check. In the event identical
bids are received, the earliest postmark will take precedence.
Absentee bids shall be accepted in competition with all other
bids. Absentee bidders must agree to abide by the same Terms
and Conditions of Sale as all other bidders.
Successful absentee bidders will be notified by phone, and
assume all responsibilities, liabilities, insurance, and expenses
for shipping. Unsuccessful absentee bidders will receive their
cashiers checks or checks with bank letter of guarantee returned
following the auction by regular mail unless otherwise requested.
Other means specified and paid for by bidder will be used
as requested.
INSURANCE, SHIPPING AND HANDLING:
Insurance will be calculated at $1 per $1000 coverage,shipping
will be at $2.50 per pound packaged weight with a $25 minimum
fee per buyer for handling.
SALES TAX: California state sales tax 7.25%
will be collected from all buyers who do not complete appropriate
resale documentation upon registration for the auction and
prior to making purchases.
Texas State Sales tax of 8.25% will be collected from all
taxable buyers taking possession of their purchases in Texas.
Lone Star Auctioneers, Inc. assumes no responsibility for
failure to execute absentee bids. The final bid prices and
reports from the auction are provided to our client, the seller.
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