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BIDDERS INFO & INSTRUCTIONS

Currency:USD Category:Inventory Start Price:NA
BIDDERS INFO & INSTRUCTIONS
SEE EACH SESSION FOR DETAILS.
ALL BIDDERS:
YOU CAN BID ON ANY LOT, AND NOT REQUIRED TO TAKE THE ENTIRE QUANTITY.
SIMPLY NOTIFY AUCTION COMPANY Your BID QUANTITY , AND THE BALANCE WILL
GO TO THE BACK BIDDER(S), AS A "PASS OUT " . AS A REAL LIVE WHOLESALE AUCTION. BEFORE BIDDING SIMPLY CONTACT AUCTION COMPANY WITH YOUR LOT(S) AND QUANTITIES, TO LOOMISGROUPCO@GMAIL.COM OR
CALL 724-528-2550 X214 ASK FOR JANET,

THE BIDDING PLATFORM WILL SHOW THE ENTIRE LOT, HOWEVER IF YOUR THE TOP BIDDER(S) PLEASE READ: YOUR Quantity will be reserved , and the balance will go to the back bidder(s), as a "pass out" until sold out.
So, if a lot shows 100 pcs , and you want to bid on 10. You contact auction company with your bid and quantity, then bid . The platform will show you bid on the 100 pcs, and reflect the total bid and dollars.
If your the high bidder you get charged for the actual 10 units, the other 90 got to pass out. You only pay for your pre notified quantities
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INDIVIDUAL LOT SESSIONS: Please note, there are 100's of lots to be uploaded. Bidders may bid on any lot at any time! Lot bids are being taken during the bulk bid session, and the loading of lots.

*** NEW-PASSOUT OPTION *** Notice to all individual lot bidders: If the bidder does NOT want to bid on the entire quantity shown on the bidding platform (wants a lessor quantity or MBQ (minimum bid quantity) he may bid, and notify the auction company via email the requested quantity. Then the auction company will "pass out" the remaining inventory. With the bidding history of each bidder and lot in our state of the art bidding system, the auction company will simply go to the back bidder, the next back bidder and so on, until the total inventory is gone.

** For example ** "Bidder ABC" wants to bid on lot #500 showing 1,000 screwdrivers, and bidder ABC only wants 100. That's okay, bid. Bidder ABC will email the auction co. his requested quantity, and pay for the 100 units at the final bid. The system will reflect the original 1,000 units, ABC only pays for the 100 units. The bidder will NOT pay for the 1,000 shown, only the amount requested. If ABC is bidding on the entire quantity, no need to notify auction company. This reflects a real location auction method. The auctioneer, sells to the high bidder. If the high bidder takes, a partial (not all), then the rest is offered to the "back up " bidders, or "any one else" (AKA "Pass 0ut") until gone. Same principal for this auction. The top bidder emails the auction company that he only wants 100. Then, the balance of the 900 units will be offered to the back bidder, and the runner up bidders at the current bid. Runner up bidder’s lower bid will be considered if the quantities are larger than the original high bidders quantities.

All wholesalers, retailers, and resellers must present tax numbers and business credentials, prior to bidding. All others will pay sales tax on all buys.

************ PLEASE CALL JANET @ 724-724-528-2550 EXT 214 for questions ************
****** or email loomisgroupco@gmail.com ******

PLEASE READ, UNDERSTAND, THE TERMS AND CONDITIONS OF AUCTION. BY BIDDING, YOU HAVE AGREED TO THE SAID TERMS AND CONDITIONS.

** Auction company has the right to extend, change protocol of offers, reoffer, refuse any bids or bidders attempt to bid, for any reason, whatsoever. All inventory is known as new, first quality, factory sealed, quality controlled, and checked, per seller. Retail valuations were provided by seller. All inventory is sold AS-IS by Loomis Auctioneers. Buyers, bidders, viewers agree to hold harmless Loomis Auctioneers of any and all liability, marketing claims, advertising claims, product liability, product negligence, or any claims whatsoever.

In the event of any final "check out" quantity, adjustments, or "shortages”, buyer will be reimbursed, at final check of order staging.

ALL INVENTORY CAN BE PICK UP BY BUYER A IND WAREHOUSE OR SHIPPED FOB
WAREHOUSE. NO FREE FREIGHT