Old Iron Auction TERMS AND CONDITIONS:

All items are sold "As Is, Where Is", with no warranties, expressed or implied. Bidders must realize that the description and condition of the items being sold are the opinion of the seller, and the description and condition may not meet the expected standards of the winning bidder. If you want to try and get a more detailed description of the item, email the seller for more details. Description of the item and condition of the item are made only by the Seller. The Auctioneer and ATIS take no responsibility in description or condition, and will not be held accountable for any inaccuracies in description or condition.

TRANSFER OF FUNDS TO SELLER:

The Seller and Winning Bidders will be notified by email at the close of the auction of the email addresses and postal mailing addresses, telephone numbers. Payment may be made one of two ways:

Payment may be made directly to the Seller. High Bidder will contact the Seller either by email or Postal mail to set up payment, shipping and transfer of the item.

Payment may be made directly to Old Iron Auction who will cash the check or money order and hold the monies in escrow on behalf of the buyer. After the buyer has received the item and is satisfied that the item is of the quality and condition described by seller, then Old Iron Auction will forward the funds to the seller. Auction items settled using our escrow account may be paid in check, cashier's check or money order, and the check should made out to Old Iron Auction Escrow Account. The check should then be mailed to:

OldIron Auction

Spencer Yost

3160 MacBrandon Ln.

Pfafftown, NC 27040

Be sure to reference the Items unique auction ID or it's title on the memo section of the check.

PAYMENT OF COMMISSIONS:

Successful sellers of items on Old Iron Auction will be billed for commissions due on either weekly or monthly basis depending on volume and other factors. You are required, under the terms of the seller's agreement and North Carolina State Law to pay this amount. Please see our Seller's Agreement for more details on commission structures.

SHIPPING COSTS:

Unless otherwise stated in the item description, shipping costs will be paid by the Buyer.

RESERVES:

The Seller has the option of placing a "Reserve" or "Minimum Bid" on the item being offered for sale. Sellers are cautioned to not place unrealistic or too high of a Reserve, since this will usually result in either no bids received or a "No Sale", in other words, a waste of time to all. Sellers are also cautioned against using this auction as a means of appraising the value of an item. The best method of appraising an item it to place it for "Absolute Sale", and the final selling price will show the value of the item.

CHANGING THE RESERVE:

The Seller may change the Reserve price at any time before the Auction closes. If the Auction closes, and the Reserve price has not been met, the Seller has the one-time option of lowering the Reserve, and extending the Auction for another period. If the new Reserve price is not met, we reserve the right to withdraw the item from the auction If the Seller wishes to still try to sell the item, the item may be re-submitted as a new auction item with a new reserve, and a new closing date.

DELETING OR CHANGING ITEMS OR BIDS:

You may delete or change any bid, and items, provided the item in question has not closed. Contact us for assistance in this task.