Merchandise becomes the full responsibility of the buyer at the time of payment and the buyer assumes all risk of loss and damage to property at that time. Items remaining on site after Wednesday without a storage agreement will be considered abandoned and disposed of by Sierra Auction Management, Inc. Storage must be arranged with the surplus manager by 3pm Wednesday following the auction for any items left at any Sierra Auction facility and the storage fee must be paid in advance. Storage Fee: $10 per day per lot until removed, beginning at 3:00 pm on Wednesday following the auction. Late payments will only be accepted if arrangements for a late payment are made in advance.Īny payments made after the deadline without prior late payment arrangements will be applied to the renege fee and remaining amounts will be returned to the buyer. Late Payment Fee: 3% of the remaining invoice balance amount per day after 3:00 pm on the Wednesday following the auction. In addition, the bidder’s ability to bid with Sierra Auction Management, Inc. If the bidder’s invoice is over $200, the bidder will be charged a 17% renege and a 3% convenience fee with a minimum of $206 ($200 + 3% convenience fee). will be charged the amount of the bidder’s invoice up to $200 plus an additional 3% convenience fee. Renege Fee: If payment has not been made according to the terms and conditions, the items on the bidder’s invoice will be considered abandoned and the bidder will be in breach of the purchase contract and the bidder’s credit card on file with Sierra Auction Management, Inc. Sierra Auction does not accept cash, personal checks, nor business checks. Payments of any kind are not accepted at Sierra Auction facilities. Accepted forms of payment include Visa, MasterCard, Discover, American Express, Bank Deposit, Wire Transfer and Zelle Pay. Payment is due in full by 3pm on the Wednesday following the auction. Payment: At the conclusion of the auction winning bidders will receive an e-mailed invoice. Sales Tax: 8.6% - Sales tax applied to bid amount plus Buyer’s Premium.Ĭredit Card Convenience Fee: A 3% Convenience Fee is applied to all Credit Card and Debit Card Payments. If you disagree with or do not understand any of these terms, you are not permitted to bid in any Sierra Auction Management, Inc. auction agree to be bound by the terms and conditions hereinafter, which shall form a binding contract between the participants and Sierra Auction Management, Inc. All persons participating in a Sierra Auction Management, Inc.
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