Ignite Wholesale Fireworks Inventory Auction 6/30/2020

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7809 Lovers Ln, Kalamazoo, MI 49001
7809 Lovers Ln, Portage, MI 49001

Contacts

Chuck RanneyAuction Contact

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Terms

Inspection Times

Inspections are not permitted for this auction.   Please rely on description and pictures for of lots.

Sales Tax

Sales Tax Rate for this auction will be: 12%

(6% is paid to fire safety fees, 6% is paid to state sales tax)


All bidders will be subject to applicable sales tax for the state in with the auction is held. If you are claiming tax exemption, please review options within your online account to complete an electronic Michigan Sales Tax Exemption claim.

Sales tax is calculated on total sales price which includes Buyer's Premium (therefore Buyer's Premium is also taxable). 

Buyer's Premium Text

  • A 13% Buyer's Premium is in effect for this auction.
  • A 3% discount on the buyer’s premium is given when INVOICE IS PAID IN FULL with cash, cashier's check or wire transfer, resulting in a 10% Buyers Premium for these two types of payment.

Payment Types Accepted & Applicable Buyer’s Premium for each:

  • Cash  = 10% Buyer's Premium 
  • MasterCard, VISA, Discover, AMEX = 13% Buyer's Premium

Qualifications for 3% Buyers Premium Discount

3% Discount on Buyer's Premium when invoice is PAID FULL with one of these qualifying payment methods:

  • Cash



Special Notes

All items to be picked up for a location in Portage, Michigan which will be announced after the sale is completed

Types of Payment

All payments will be processed at the auction location.  Online payments are not accepted for this auction.

  • Cash
  • Credit Card 

Refund Policy

NO REFUNDS, RETURNS, OR EXCHANGES. All items sold "AS IS WHERE IS" with all faults.

Removal Times / Failure to Remove

 Wednesday, July 1, 2020 8:00 am - 5:00 pm ET
 Thursday, July 2, 2020 8:00 am - 5:00 pm ET
 Friday, July 3, 2020 8:00 am - 1:00 pm ET

Payment Dates

Wednesday,  July 1, 2020 8:00 am - 5:00 pm ET
 Thursday, July 2, 2020 8:00 am - 5:00 pm ET
 Friday, July 3, 20020 8:00 am - 1:00 pm ET

Pre-Bidding

You can place bids on an item before the auction starts, this is especially helpful if you will not be available on the day of the auction.

When an item status shows as “Pre-Bidding” this simply means that bids placed are not displayed on the auction site until the date the auction is scheduled to open.

Although there may actually be pre-bids placed on the item, an item in pre-bidding status will show # of bids placed as 0 and the current bid (required bid) will show as the opening bid.

You may place a pre-bid through the same process as normal bidding. You can monitor & view your bidding activity on items in pre-bid status from your Watch List.

When you place a pre-bid, if you are notified that your bid is not higher than another user’s pre-bid this means that another bidder(s) has already placed a pre-bid equal to or higher the amount of the pre-bid you are attempting to place. You will need to raise your pre-bid if you want to be in the winning position.

All pre-bids will be tallied and shown when the auction actually begins. 

Automatic Bidding (max bid, auto bid, proxybid)

Automatic Bidding (auto bid) option makes bidding convenient allowing you to enter the maximum bid amount* that you are willing to bid on an item. Based on your Account Preferences for notification, you may be notified whenever your auto bid increases &/or when it is exceeded.

The auction company or other bidders do not have access to see your auto bid amount. You are the only person that can see your auto bid amount (displayed in your Watch List).

Your auto bid will not “jump” to the maximum amount. The auto bid will increment up only with competing bids until either the item completes with you as the high bidder, or until your auto bid has been exceeded by another bid.

If another bidder already has an auto bid in place when you place your auto bid, the (2) competing auto bids will continue to increment until either the lower auto bid is maxed out; or if both auto bid amounts are the same the auto bid that was placed first will become winning position of the bid.

Example #1:

1. Minimum bid is at $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid for $77.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00.

4. Bidder #2 places an auto bid for $23.00.

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $23 (maximum auto bid placed)

 Bidder #1 - $25 (high bid position)

The high bid is $25 not $28 because Bidder #2’s auto bid was exceeded at an increment other than $5.

Example #2:

1. Minimum bid is $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid of $77.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00

4. Bidder #2 places an auto bid for $25.00

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $25 (maximum auto bid placed)

 Bidder #1 - $30 (high bid position)

The high bid is $30 because Bidder #2’s auto bid was exceeded at an increment equal to $5.

Example #3:

1. Minimum bid is $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid of $25.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00

4. Bidder #2 places an auto bid for $25.00 (same amount as Bidder #1 auto bid)

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $25

 Bidder #1 - $25 (high bid position)

The high bid is $25 with Bidder #1 in high bid position because Bidder #1 placed the $25.00 auto bid before Bidder #2.

*Buyer’s premium and sales tax will be in addition to the winning bid amount.


Incremental Bidding

A bid may be placed for any amount equal to or greater than the current required bid amount, which means your bid amount is not required to be an increment of the posted bid increment.

Example:

Current bid at $10.00 with a bid increment of $5.00.

Minimum bid required would be $15.00.

A bid may be placed for any amount equal to or greater than $15.00.

The bid amount is not required to be in increments of $5.00; therefore a bid could be placed for $17.00 or $76.00 or whatever amount you wish to bid as long as it is equal to or greater than the minimum bid required.

The winning bid may end up at any amount. It may not be divisible by the stated increment. The winning bid will be the highest

Refer to Automatic Bidding section for further explanation of the convenient method of placing an automatic bid. 

Dynamic Bidding

Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times based on auction company selling location time zone.

Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell until there is 10 minutes of bidding inactivity. Example - An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is placed at 8:01 the auction will extend until 8:20pm. This will give bidder 19 minutes to place another bid. If no bids are placed this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid

Posted Closing Times

Posted closing times and displays of Auction Co.’s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times are local time for auction location. Dynamic bidding – The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there is 10 minutes of bidding inactivity. EXAMPLE: An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is placed at 8:01pm the auction will extend until 8:20pm. This will give bidders 19 minutes to place another bid. If no bids are placed, this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid.