FAQs

FAQs2017-11-09T19:40:50+00:00

Pre-Auction

If you are planning on attending the auction in person and bidding onsite, please arrive one hour to thirty minutes before the start time to register. Please come to the auction office when you first arrive and register with the auction team. In order to register, you’ll need valid ID, a business card, or you can fill out a basic information form. Then you will receive a bidder number, a paddle, and an auction catalog detailing the items being sold.

To bid via the internet, please register for the sale on Bidspotter.com. You must register at least 24 hours before the sale – we recommend registering even earlier, as this will guarantee your admittance. To register, find the auction that you are interested in on our Auctions page and click the “Register Online” link. This will bring you to the Bidspotter site, where you can sign up for a Bidspotter account (“First Time Bidspotter.com Registration) or sign in using your current Bidspotter account (“Register for this auction!”).

If this is your first time using Bidspotter’s services, click the link for “First time Bidspotter.com Registration,” [https://blog.bidspotter.com/bidder-education/registering-for-an-auction/] follow the instructions and fill in the appropriate information. Once you have registered for the auction, our team will be notified. We will then approve you for the auction or contact you for additional requirements. Once you have met these requirements, you will receive an email from Bidspotter stating that you have been approved for the auction.

In order to bid onsite please bring valid identification, contact information or a business card, and a form of payment.

We allow equipment inspections, but only during a specified time. Auction inspections typically occur the day before the sale date. These dates and times are limited and vary for each auction. Please check the individual auction page for details on when the auction inspection occurs.

If you have not received an approval confirmation email from Bidspotter by the auction date, please call our office at (224) 927-5320. We also do not approve bidders with negative ratings unless they provide a 25% deposit prior to the auction.

During the Auction

Buyer’s Premium (BP) is a small fee that is added to the winning bid of each item. The fee goes to the auction company to cover costs associated with running the sale. This fee is typically 15% for onsite buyers and 18% for online buyers. Although these rates are typical, please check the individual auction page for the buyer’s premium rates, as they may vary. If you are the high bidder, you will enter into a legally binding contract with PPL Auction.

Equipment is sold based on the specific order of the lot catalog. This catalog can be found online a few days before the sale and onsite the day of the auction

Auction times vary and we cannot predict specific times that items may sell. If you are bidding online you can set an “Alert Lot,” which will alert you when we have reached your desired lot.

Once the auction has begun and you are logged into Bidspotter, click the “Bid Now” button next to the auction you would like to participate in. A new window will appear on your screen – this is the Live Auction interface. On the right side there is lot catalog and the left side displays the current lot number, a brief description, the asking bid, the high bid, and a picture (if available) of the lot.

Once a bid is placed, you cannot cancel a bid. Placing a bid is a binding contract and you are obligated to purchase the item if you are declared the winning bidder. Always make sure that you know exactly what you are bidding on. It is recommended that you inspect the item and its condition prior to the sale to ensure that it meets your approval.

Please contact Bidspotter with any issues and not the auction company. You can visit the Bidspotter help desk at http://www.bidspotter.com/forms/help.php or read their Frequently Asked Questions page at http://www.bidspotter.com/forms/FAQS.php for further assistance.

“One money” is an industry term that indicates the grouping of multiple lots for one price.

Note: Although all information has been obtained from sources deemed reliable, the auctioneer and seller make no warranty or guarantee, expressed or implied, as to the accuracy of the information contained in the auction brochure, lot catalog or sale web pages.

Buyer agrees to accept assets purchased per standard auction terms, “AS IS, WHERE IS, WITH ALL FAULTS” WITHOUT ANY REPRESENTATION OR WARRANTY BY PPL AUCTION OR ANY OTHER PERSON. THERE ARE NO EXPRESSED OR IMPLIED REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ASSETS INCLUDING, WITHOUT LIMITATION.

Post Auction

Each auction has different specifics about item removal. The lot catalog will contain that particular auction’s instructions for item removal. No equipment may be removed while an auction is in progress. Buyers can pay for their purchases at any time during the sale.

A 15%-18% Buyer’s Premium will be added to the final bid price. All bids are in US dollars. An additional fee (often 3%) will be added to online bids. Your bid is a contract: Place a bid only if you’re serious about buying the item. If you are the high bidder, you will enter into a legally binding contract with PPL Auction.

All successful Bidders agree to make full payment to PPL Auction at the conclusion of the sale. Only Bank Wire Transfer, Bank Check or Cashier’s Check payable to PPL Auction will be accepted. Firm and personal checks accepted only if accompanied by a letter from your bank guaranteeing your funds.

If you are using a wire transfer your bank may wire the funds the day after the sale. All sales are subject to sales and/or local taxes unless a signed exemption form is presented at the time of the purchase. Payment will be made in US dollars only.

What types of payment do you accept?
We accept cash, wire transfers, company check with a bank letter of guarantee, and cashier’s check. We do not accept credit cards.

When is payment due?
Payment is due immediately after the auction or within 24 hours of the conclusion of the sale. You cannot remove any items until we have received payment in full.

How do I set up a wire transfer?
If you would like to set up a wire transfer, please call our office at (224) 927-5300 to receive the proper bank information.

Will I be charged Sales Tax?
Sales tax is always applied to purchases made at auctions. You may present us with a copy of “Tax Exempt” forms so as to not be charged sales tax.

Rigging and removal is the responsibility of the buyer. Small, carryout items, should be removed immediately after the auction or the day after the auction.

Anyone, either a buyer or rigger, who uses a powered vehicle to remove anything from the auction site will need a certificate of insurance. All removal activity must be in accordance with OSHA guidelines and safety standards. Removal may begin when the auction has been completed and FULL PAYMENT has been made.

See the specific auction page for all other auction details and requirements.

Titles relative to titled assets purchased will be mailed to the purchaser’s address on file after payment is received and cleared.