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Category: TERMS (7 records) Archive: Plastic Depot - Internet Only Auction - February 22nd, 2011 10:00am

Lot Photo Description Price
Description:Inspection: Monday, February 21st from 9am - 4pm at the auction location in Colorado Springs. We urge you to conduct a thorough inspection before placing any bids.
Description:This auction has staggered ending times. The first item will close at 10:00am on Tuesday, February 22nd. The lots will close at the rate of 2 lots per minute. You may also place your maximum bid price and the system will bid for you up to your maximum bid but no higher.
Description:Items receiving bids within 3 minutes of closing time will remain open as long as there is active bidding.
Description:Buyers' Premium: There will be a 13% buyers' premium added to all purchases and is subject all applicable sales tax. (3% discount is available, see payment terms.)
Description:Payment: Full payment required in cash, certified funds, bank wire transfer, company or personal checks upon verification by TeleCheck, Visa, MasterCard or Discover Card. (A 3% reduction off of the stated buyers premium will be given to payments in cash, cashier check, bank wire transfer or a check with a letter of guarantee from the bank). Payment will be accepted at 410 1/2 E Fillmore St in Colorado Springs on February 23rd from 9:00 AM to 4:00 PM. Payment may be arranged and taken at Roller & Associates office at 7500 York St. in Denver as well. Payments must be made on February 23rd or 24th.
Description:Removal: All purchases must be removed at buyers' expense and responsibility during the following times: February 23rd & February 24th from 9:00 AM to 4:00 PM. All purchases must be removed by 4:00 PM Thursday, February 24th, 2011. NO Exceptions.
Description:Helpful Hints: This auction will close at a rate of 2 lots per minute. Below you will find some hints/tips that will help you keep up.

  • Place a bid now on any and every lot that you have interest in even if it's at the $2.50 starting bid. Although this may not be a reasonable bid when it comes to the ending price it will sell at it, it enables you to click on the 'Review Bids' button at the bottom of the page, once logged in, to view those lots on which you've placed prior bids. This will enable you to filter out some of the lots you're not interested in.
  • Once the auction begins to close (10am on 2/22) you will see an 'Open Items' link at the top of the page. This is an important feature many people don't notice. Clicking on this link will enable you to have the system only show those lots which have not yet closed including those that are in extended bidding. This will help in those situations that you're bidding on a lot that's in extended bidding and future lots you have interest in are beginning to close. They will be shown much closer together using this Open Items feature. Just a note, this will also refresh your screen.
  • Using maximum bids is another way to help stay on top of your bids. Using the maximum bid column allows the system to bid for you at the next bid amount without you needing to monitor the auction.
  • Grouped Ending: You'll notice on some of our auctions that certain lots will show up as a GROUP. All lots within this group must have a period of 3 minutes of inactivity before any item in the group will close. This is done to give the buyers the ability to choose which of the assets they prefer and bid on that one without losing the opportunity to bid on their 2nd choice, 3rd choice, etc.