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AUTHORITY TO BID.  Absentee Bidder hereby grants an exclusive right and authority unto the Auctioneer to represent the Absentee Bidder in the bidding and purchase of the following items of personal property. The term “Property” as used herein shall mean those following items successfully purchased by Absentee Bidder under this Agreement. The bid amount indicated for each item shall be the maximum bid the Auctioneer is authorized to make on behalf of the Absentee Bidder:

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WINNING BIDS:  Upon a winning bid by Absentee Bidder, Auctioneer shall notify Absentee Bidder of winning bid via phone, email or as otherwise listed above. Absentee Bidder acknowledges any winning bid shall become irrevocable upon acceptance by Auctioneer on behalf of Seller, and Absentee Bidder shall thereupon comply with all other terms and conditions of this Contract.

DELIVERY: ABSENTEE BIDDER SHALL BE RESPONSIBLE FOR ALL DELIVERY COSTS OF PROPERTY UNLESS STATED OTHERWISE.

NO GUARANTEES/WARRANTIES: By signing this Agreement, Absentee Bidder acknowledges that Auctioneer is not guaranteeing or warranting a winning bid, and shall not be liable for any missed or lost bids. Additionally, Absentee Bidder agrees to purchase said items “as is” unless otherwise stated under further conditions.

LIMITED AGENCY AUTHORIZATION: Auctioneer is an agent of the Absentee Bidder, and as such, it owes duties of trust loyalty, confidentiality, accounting, and disclosure to the Absentee Bidder. Auctioneer is representing Absentee Bidder on a limited basis as Absentee Bidder’s agent for absentee bids in order to best promote the Absentee Bidder’s interests in the sale. Auctioneer has agency duties to both Seller and Absentee Bidder, which may be different or adverse to each other. Auctioneer shall not disclose to Absentee Bidder the lowest bid amount the Seller is willing to accept, nor shall the Auctioneer disclose to the Seller the highest bid amount the Absentee Bidder is willing to pay, for any item of Property being bid upon by Absentee Bidder herein. In a limited agency situation, the parties agree that there will be no imputation of knowledge or information between any party and the limited agent. Absentee Bidder acknowledges that this Limited Agency Authorization has been read and understood. Absentee Bidder understands that Absentee Bidder does not have to consent to Auctioneer acting as limited agent, but gives informed consent voluntarily to any limited agency and waives any claims, damages, losses, expenses, including attorneys’ fees and costs, against Auctioneer arising from its role as limited agent including any and all claims, demands or causes of action arising out of in any way the sale of the Property and the Absentee Bidder’s expectation of purchase.

TERMS AND CONDITIONS: This Agreement is subject to the Terms and Conditions attached hereto. 

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