Terms of Sale

 

All sales are governed by our Terms of Sale. Please fully read and understand the Terms of Sale prior to placing any bids. Any questions should be directed to our Client Services department at This email address is being protected from spambots. You need JavaScript enabled to view it., Tel: (212) 352-8800.

All lot sales are final and are sold "AS IS" —no returns.

Bidding at the Auction

After carefully previewing and assessing the condition of the property of interest and reading, understanding and agreeing to our Terms of Sale you may place a bid.
Our bid increments are:

$0 - $100................................$10
$100 - $500..............................$25
$500 - $1,000............................$50
$1,000 - $2,000..........................$100
$2,000 - $5,000..........................$200
$5,000 - $10,000.........................$500
$10,000 - $20,000........................$1,000
$20,000 - $50,000........................$2,000
$50,000 - $100,000.......................$5,000
$100,000 - $200,000......................$10,000
Over $200,000........................Auctioneer's Discretion

Ways to Bid:

Telephone Bidding -

Up to 24 hours in advance of an auction, you may fax the Telephone / Absentee bid form to our office for any lot. Once you are registered, an experienced staff member will call you the day of the auction approximately five lots before your item is scheduled to be sold. They will communicate to you the bidding activity and will relay your bids to the auctioneer at your discretion. If you are successful, an invoice will be emailed to you the next day.

Absentee Bidding -

Up to 24 hours in advance of an auction, you may fax the Telephone / Absentee bid form to our office. The bid you leave is the highest price you are willing to pay exclusive of buyer's premium and applicable sales tax. Absentee bids are always confidential, and bids are executed at the lowest price possible according to reserves and competitive bids. If there are tied bids, the bidder who registered first is given precedence. All absentee bids are time stamped.

Live Online Bidding -

All of our auctions are conducted in real-time on third party online bidding services, http://www.liveauctioneers.com or http://www.invaluable.com. For more information on live online bidding, please contact Client Services at Tel: (212) 352-8800.

In the future we will offer Live Bidding.

AFTER THE AUCTION

Invoices are sent via email immediately following the sale.

Forms of Payment -

EDDIE'S AUCTION accepts most major credit cards, cash, money orders, and wire transfers as forms of payment. We reserve the right not to release property until a check clears the bank.

Buyer's Premium and Sales Tax -

In addition to the hammer price, the buyer agrees to pay EDDIE'S AUCTION a buyer's premium OF 26% and the applicable sales tax added to the final total. The buyer's premium for purchases made in-house is twenty-six percent (26%) of the hammer price. Any charge for bidding on liveauctioneers.com or invaluable.com is not included.

When applicable, state and local sales taxes will be added to the hammer price and buyer's premium. Sales tax will not be assessed for items shipped out of state by a licensed shipper or those with a copy of a current resale certificate on file at EDDIE'S AUCTION. Please contact our Accounting department at Tel: (212) 352-8800 to file a copy of your resale certificate.

Removal of Property -

Unless other arrangements have been made, all property must be removed from our premises within the fourteen business days following an auction. Property not removed within fourteen business days will be subject to a storage fee of $10 per day. Please call prior to pick up.

Shipping -

Buyers assume full responsibility for the packing and shipping of lots won at auction. Our Recommended Shippers offer a wide variety of local, domestic, and international shipping options. As stated above, if a buyer has a purchase shipped out of state via a licensed shipper, applicable sales tax will be not be assessed.

In the interest of our clients, EDDIE'S AUCTION requires a written authorization from the buyer in order to release property to anyone other than the purchaser of record (including but not limited to our recommended shippers). You may submit the Shipping Release Form via email to This email address is being protected from spambots. You need JavaScript enabled to view it..

Frequently Asked Questions:

Can I cancel the sale on an item if I change my mind?
All lots are sold "as is" according to our Terms of Sale and are not returnable for any reason. Careful consideration should always be made before bidding at auction.

I forgot to request a Condition Report and the item isn't what I expected. What can I do?
All lots are sold "as is" according to our Terms of Sale and are not returnable for any reason. Absence of a posted condition report does not indicate that an item is in perfect condition, and our staff is always happy to accommodate requests for condition status should time permit.

Can I just give authorization for someone else to pick up my item over the telephone?
Eddie's Auction requires a written release for all property not collected by the purchaser. You may submit the Shipping Release Form via email to This email address is being protected from spambots. You need JavaScript enabled to view it..