GFA Weekly Web Auction Rules
Please read the following Auction Procedures and Conditions of Sale closely. By placing a bid in this sale, you acknowledge and agree that you are bound by these Auction Procedures and Conditions of Sale.
You must register in order to bid in this auction. If you have registered for a previous Grey Flannel Auctions auction, please use your previously established login and password to bid in this auction. Auction registration takes only a few moments. Please log on to www.weekly.greyflannelauctions.com and click on the "Registration" tab.
BIDDER REGISTRATION: In order to bid in this auction, you need to have a bidder I.D. You may obtain a bidder I.D. by calling (631) 288-7800 ext. 223 during our regular business hours. You will be asked to give two hobby references at the time of your registration. If you cannot supply these references, Grey Flannel Auctions may ask you questions regarding your credit and you will be required to provide a valid credit card number. You will need to register only once, and this will give you a permanent bidder I.D. for Grey Flannel Auctions. Placing a bid constitutes acceptance of Grey Flannel Auctions’ rules and Grey Flannel Auctions has the final say in interpreting all rules.
SUBMITTING BIDS: Bidding begins immediately by phone and online. We are interactive online at www.GreyFlannelAuctions.com for this auction.
AUCTION CLOSE: Lots will close on an individual basis dependent upon the amount of bids that are received after the 9:00 PM EST countdown has reached zero. The auction(lot) will close when there has not been a bid placed for 5 minutes. However, any unopened lot can be bid on after 9pm. If you are the only bidder on a lot after 9pm, you will instantly become the winning bidder. Grey Flannel Auctions reserves the right to extend this rule for any reason. For ongoing lots after 9pm EST the 5-minute advance rule will be applied, meaning the auction will not end until bidding stops for this lot for 5 minutes. The entire auction will close one lot at a time.
MINIMUM BID INCREASE: 10% minimum increase, in whole dollar amounts. There will be no exceptions. Please see Up To Bids.
BUYER'S PREMIUM: All winning bids will have a 20% buyer’s premium added to the final hammer price (or a minimum of $10.00 which ever is greater). (Example: Your final bid is $1,000. A $200 buyer’s premium will be added to your final bid.) All bidders must pay buyer’s premiums; no exceptions.
SALES TAX: All State of New York residents will pay sales tax. Since each county is different, the appropriate tax will be included in your final invoice. New York State dealers: if you have a resale number, please make sure that we have it on file or you will pay sales tax.
UP TO BIDS: Maximum bids are simply the highest dollar amount that you would empower Grey Flannel Auctions to bid on your behalf for a particular lot. Grey Flannel Auctions strongly encourages you as the bidder to place ceiling bids. This is the easiest and most efficient way to ensure that you get the best possible chance to win your desired auction lot. Ceiling bids are kept in the strictest confidence. If the same ceiling bid is placed on a lot by two or more bidders, the bidder who placed the ceiling bid first will have first priority to that bid amount.