Auction FAQ

 

How do I register to bid onsite for an auction?

Onsite buyers can register on inspection day or the day of the auction in onsite auction office.

How do I register to bid online for an auction?

Online buyers can follow the "Bid Online" button located on the Auction's specific webpage.  If you're not already a Bidspotter user then you must create a user profile with bidspotter.com.  If you are already a user with bidspotter.com then you must register for the individual auction so that you join the online bidder approval process.

How do I know if I am approved to bid online for an auction?

Once you register for the individual auction through bidspotter.com CIA will be notified.  CIA will contact you via email with the additional requirements needed to be an approved online bidder.  Once you meet the additional requirements for an auction you will receive an email from bidspotter.com stating your approval status.

What do I need to register for an auction?

Please bring Contact Information, Valid State Identification, Bank Letter of Credit, and Federal Tax ID.

What forms of payment does CIA accept for purchases?

Wire Transfer, Cash, Personal Check with Valid State Identification, Company Check with Bank Letter of Credit, Cashier's Check.

Will I be charged Sales Tax?

Sales Tax is charged on a state by state and auction by auction basis.  Most states offer tax exemption on manufacturing or resale.  Please have your Federal Tax ID number available otherwise we must charge Sales Tax. 

In what order does the equipment sell?

Please download the specific auction catalog located on the auction specific webpage for the order in which the auctioneer will sell the equipment.

How do I remove my purchases from an auction?

All items at our auctions are sold "as is, where is" which means all buyers are responsible for removal of their purchases.  Buyers are able to remove their purchases once the auction is over.  If your purchase removal necessitates the use of powered equipment you must provide $1,000,000.00 certificate of liability insurance or industrial riggers attend all of our auctions.  Please refer to the specific auction's webpage for attending riggers.

What is Buyer's Premium?

If the Buyer's Premium is 15% and the Auctioneer sells an item for $100.00 then the winning bidder will be invoiced for $115.00 plus tax if applicable.

Can I inspect the equipment before inspection day?

Most of the time there is no access to building until auction week.  Should it be a larger item in the sale then we will try our best to make arrangements to inspect the equipment before inspection day.

What if I didn't find the answer to my question here?

Please feel free to contact our friendly and helpful auction staff at our home office at (513)241-9701 or fill out our contact form if you have any other questions or concerns.  

Need More Assistance?

Cincinnati Industrial Auctioneers
2020 Dunlap Street
Cincinnati, Ohio 45214
 
(513) 241-9701 Office
(513) 241-6760 Fax
 
info@cia-auction.com
www.cia-auction.com

 

Copyright © 2017 CIA Co.

2020 Dunlap Street
Cincinnati, OH 45214

Phone: 513-241-9701
Fax: 513-241-6760

We are licensed auctioneers and longtime members of the following accredited organizations:

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