CINCINNATI INDUSTRIAL AUCTIONEERS, Inc.

2020 DUNLAP STREET, CINCINNATI, OHIO  45214

Phone (513) 241-9701     Fax (513) 241-6760

Internet:  www.cia-auction.com

 

PROXY BID INSTRUCTIONS

Dear Prospective Buyer,

 

Thank you for your interest in purchasing items via proxy bid at one of our auctions.  Please read over the following instructions carefully.

 

Definition:  A Proxy Bid is an absentee bid on a purchase for which one of our auction staff will bid favorably for you in your place.  Your bid will go through the standard bidding process. Our auction representative will go up to, but no higher than your top bid, trying of course, to purchase the item(s) for less than your maximum bid if possible.

 

How to Proxy Bid:

 

1.  Fill out the attached Proxy Bid Form completely. 

 

Machine Description: Fill out as shown in bold print in the Auction Brochure including the Serial No. if available.

Lot #’s: It is required that we have a Lot # for each item to be bid on. These are found in the Auction Catalog which is available on our website or at inspection.  This is different from the Auction brochures which are distributed by mail.  If you need assistance in obtaining a Lot # for an item, call our office.

Bid Amount: This should be your maximum bid.

Buyer’s Premium: If there is a Buyer’s Premium in effect for the sale, you will need to specify whether or not your bid includes the Buyer’s Premium charge.

 

2.       A Deposit of 25% of your total bid(s) is required by the day of the sale to hold your bid.  Your deposit check will not be deposited unless you win the bid.  Deposit checks for unsuccessful bidders will be returned the day after the sale.

Make checks payable to: Cincinnati Industrial Auctioneers, Inc. 

Terms of Payment:  Certified or Cashier’s checks accepted.  Company checks accompanied by a Bank Letter of Guarantee.  Wire Transfer with Bank 

Letter of Guarantee.

 

3.  To ensure timely receipt of your bid

1st – Fax to (513) 241-6760 a copy of your bid ASAP

2nd – Mail the original bid and deposit check.  (Overnight mail may be necessary and is recommended)               

                                             Mailing Address:  Cincinnati Industrial Auctioneers, Inc.

                                                                                       2020 Dunlap Street, Cincinnati, Ohio  45214

 

4.       Successful Bidders only will be contacted. This will be done as soon as possible, either the day of the sale or the following day.  Any questions or information regarding your successful bid (removal time/rigging) should be addressed at that time.

 

5.       Equipment Removal:  We do not ship UPS, C.O.D., etc.  This is your responsibility. We can provide a list of riggers that are at the sale site you may contact for equipment removal.

 

6.       Payment:  You will be required to send the balance of your successful bid via overnight mail or wire transfer the day you are contacted as the successful bidder.  

 

 

Proxy Bid Form-CIA-Auction-Online Bidding-Online Auctions
PROXY BID FORM

To place a bid by proxy, print out and complete this Proxy Bid Form, then mail or fax to our office. For the proxy bid to be authorized, a complete, signed proxy bid form along with a deposit of 25% of the total bid must be received by our office in Cincinnati, Ohio by 9:00 AM EST the day of the sale.

Attn: PROXY BIDS
Cincinnati Industrial Auctioneers, Inc., 2020 Dunlap Street, Cincinnati, Ohio 45214
 Phone: 513-241-9701 Fax: 513-241-6760

Name and
Date of Auction Sale: ____________________________________________________________________________________

Company Submitting Bid: _________________________________________________________________________________

Address: _______________________________________________________________________________________________

Contact Name/Title: _____________________________________________________________________________________

Phone: (___________) _________________________________ Fax: (___________) _________________________________
Lot # Description Serial Number Bid Amount
      $
      $
      $
      $
Subtotal $
Plus Buyers Premium $
Total Bid $
25% DEPOSIT (of Total Bid) $


The undersigned, hereby appoints Cincinnati Industrial Auctioneers, Inc. to be my agent and proxy for the sole purpose of purchasing the above items listed on my behalf, in my absence. I acknowledge that I have read, am familiar with, and agree to comply with the Terms of Sale as set forth by Cincinnati Industrial Auctioneers, Inc.

I further acknowledge that my bid will not be authorized unless my 25% deposit has been received by Cincinnati Industrial Auctioneers, Inc. by 9:00 AM EST the day of the auction sale.

Additionally, I understand that any Buyers Premium in effect for this sale will be added to the "Bid Amount" noted above if I am successful, in addition to applicable sales taxes.

_____________________________________________
Signature

__________________________
Date