Upcoming Auction: Auction Starts 05/11/2024 @3:33pm EST Viewing Starts @ 2:30pm EST

ONSITE Buyers

at this time, we are conducting ONLINE & LIVE IN-HOUSE auctions! We will be doing combinations of Online and LIVE auctions.
 

ONLINE Registration

Each site we sell on has a unique registration process. Buyers will be required to adhere to site rules and maintain good standing with each venue. If you register with one sale this will not automatically register you for sales on other sites you will have to complete registrations with each. These venues will also have their own payment processors and ways of doing business.

How to Inspect Equipment in an Auction

We’ve found that most buyers want to inspect equipment they’re interested in before the day of the auction. One day before the auction, we open the auction site to allow buyers to preview the equipment that’s for sale. Our on-site team will be available to direct you to the equipment you’re interested in.

If you’re unable to come during the general auction preview, please contact us to see if you can schedule an appointment for a private inspection. On the day of the auction, it’s a good idea to arrive early so you can inspect the items you’re interested in one last time before you bid.

Please note: Big Liquidation & Auctioneers makes every effort to accurately describe each item in the auction; however, it’s possible that a mistake may occur. This is especially important to know if you plan to bid online or place a Proxy Bid. Please inspect before you bid. Remember, everything will be sold “As is, where is.” There is absolutely no warranty or guarantee of any kind either written or implied. Occasionally, additional information may come to light regarding any and all items being sold during the auction. When this occurs the new information takes precedence. 

 

Bank Letter Of Guarantee

At times we will require a bank Letter of Guarantee this will be announced with each sale, and it will not be asked for often. This section will pertain mostly to large events with items over $10k and heavy equipment.

If you plan to pay for your purchase by personal check, company check or wire transfer, you will need to present a bank letter of guarantee or seek approval from the auction well in advance of each sale.

1. The letter must be on official bank letterhead and signed by a bank representative.
IMPORTANT: THE BANK MUST STATE THAT THEY IRREVOCABLY GUARANTEE THE PAYMENT OF THE CHECK BEING PRESENTED. IT IS NOT SUFFICIENT FOR THE BANK TO STATE THE CREDIT LIMIT OR BALANCE OF THE INDIVIDUAL/COMPANY.

2. The letter must state the name of the individual or company for whom the guarantee is being stated and if a check is used, it must have the same name printed on it.

3. The letter should contain the account number on which the check or wire transfer is to be drawn and the check or wire transfer should match this same account number.

4. The letter should state an ending date after which the letter of guarantee will expire (at least seven days from auction).

5. The letter must contain a maximum amount for which the bank will guarantee. The check must not be written for more than is guaranteed by the bank.

SAMPLE BANK LETTER

Big Liquidation LLC
1348 Milligan Hwy
Johnson City, TN 347601

Dear Sirs
(BANK NAME) irrevocably guarantees payment in full to Big Liquidation by (BUSINESS NAME) drawn on account (NUMBER), up to the amount of $ (DOLLARS) to purchase items at your (AUCTION NAME). This letter of guarantee is valid until (Month, Date, Year).

Deposits

A deposit of 25% of your anticipated purchase or an official BANK LETTER OF GUARANTEE is required to bid online. Please mail your deposit check to:

Big Liquidation
1348 Milligan Hwy. Johnson City, TN 37601

 

Wire Transfer Instructions

Please call our office at 423.782.9081 to receive the bank information you will need to wire your payment to us. A member of our staff will email or fax the required information to you.

Equipment Removal

Machinery removal is the responsibility of the buyer. All equipment must be removed in accordance with the specific Big Liquidation timeline and terms of sale. See the specific auction page for details. Our employees will be on site to supervise equipment removal, but we do not perform any packing/crating, shipping or rigging services.

Item removal generally begins as soon as the auction ends, but no equipment can be removed prior to the completion of the sale. Anyone using a powered vehicle to move items, whether they are a rigger or buyer, must have a certificate of insurance on file with Big Liquidation in the amount of $1,000,000. This can be handled by mail, fax or in person. Big Liquidation, and the auction site must be named as additional insured.

Frequently asked questions by buyers

Can I inspect the equipment before the auction?

One day prior to the auction, we open the auction site to allow buyers to preview the equipment for sale. Our on-site team will be available to direct you to the equipment you’re interested in. If you’re unable to attend on the preview day, please call 423.782.9081 to determine if it is possible to schedule a private inspection.

What are the Terms of sale?

NOTICE: All Bidders and other persons attending this sale by attending agree that they have read and have full knowledge of these terms and agree to be bound thereby.

1. IDENTIFICATION – Buyers are required to give full name and address at the time of registration this will be verified by a state-issued ID or Driver License other forms of ID will be considered at the sole discretion of the Big Liquidation Staff.

2. DEPOSIT – Big Liquidation will only require deposits on certain events, and this will be clearly stated in advance for each event if we do not ask for a deposit at registration we will not require one for that particular sale.

3. TIME OF PAYMENT – All invoices must be paid in full by the conclusion of the sale. Any other arrangements must be made with Auctioneer prior to bidding. If not, the merchandise will be deemed abandoned and Buyer will lose any right, title or interest Buyer may have acquired and the merchandise shall revert and repossess to Auctioneer without further notice to Buyer and the transaction shall be null and void as to Buyer.

4. REMOVAL – All purchases must be removed not later than the date specified in the auction Catalogue and/or announced at the time of the sale. No lot can, on any account, be removed during the sale. All goods are sold “Where Is”. Removal shall be at the expense, risk and liability of the Buyer. Purchases will be delivered only on presentation of the paid bill. Auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option to remove and store at the expense and risk of the Buyer any article purchased, but not paid for and removed within the time aforesaid. Buyer understands and agrees that all items offered at auction are subject to U.S. international trade requirements and any items intended for subsequent export outside of the U.S. may be subject to export controls, sanctions or other international trade restrictions. The buyer is responsible for compliance with such requirements including obtaining any export licenses or authorizations necessary for the export of the items.

5. MANNER OF PAYMENT – All payments must be made by cash, cashier’s check or company check with a bank letter of authorization guaranteeing funds to Big Liquidation. All check for deposits and balances due shall be payable to the order of “Big Liquidation”. All bills must be paid to representatives of the Auctioneer at the sale or through the online portal used to conduct the sale unless otherwise announced. The full purchase price on all lots sold to the same Buyer must be paid within the time fixed and before removal of any goods.

6. CONDITION OF ARTICLES SOLD – The Auctioneer shall not be responsible for the correct description, genuineness, authenticity of, or defect in any lot, and makes no warranty in connection therewith. NO sale will be set aside, nor allowance made on account of any incorrectness, error in commentary, cataloguing, or any imperfection not noted. No deduction allowed on damages articles, all goods being exposed for public exhibition are purchased and accepted by Buyer “AS IS”, “WHERE IS” and “WITH ALL FAULTS”. Auctioneer makes no warranties or guarantees whatsoever whether written, oral or implied as to quality, quantity, condition, usability, salability, weight, measurement, year, model, mechanical condition, performance or other specifications and without recourse.

7. CLAIMS – No Claims will be allowed after removal of goods from premises.

8. RESPONSIBILITY FOR NON-DELIVERY – Auctioneer shall not, in any event, be liable for non-delivery of such lot, storage or removal fees or costs, lien satisfaction or for any other matter or thing, to any Buyer of any lot, other than for the return to the Buyer of the deposit or sum paid on said lot, should the Buyer be entitled thereto.

9. COMPLIANCE WITH TERMS OF SALE – In default of payment of bills in full within the time therein specified, the Auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting purchaser.

10. RISK TO PERSON AND PROPERTY – Persons attending during exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release Big Liquidation from liability therefor. Neither the Auctioneer nor his principal shall be liable by reason or any defect in or condition of the premises on which the sale is held.

11. ADDITION TO OR WITHDRAWAL FROM SALE – The Auctioneer reserves the right to alter the order of the sale, withdrawal from the sale any of the property listed or to sell at this sale property not listed and reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of the Seller will be served, the Auctioneer reserves the right to sell property listed, in bulk.

12. SALE BY ESTIMATED WEIGHT, COUNTY OR MEASURE – Where items are sold by estimated weight, count or measure, the Buyer will be billed for and required to pay for the estimated weight, count or measure. If upon delivery, any shortage exists, the Buyer will receive a refund at the rate of the purchase. If there is an excess, the Buyer will be required to take and pay for such excess, at the rate of the purchase.

13. DISPUTE BETWEEN BIDDERS/BID INCREMENTS – If any dispute arises between two or more bidders, the Auctioneer may decide the same or put the lot up for sale again at once or resell to the highest bidder. The auctioneer may reject a nominal or fractional bid advance if, in his estimation, it proves injurious to the sale. The Auctioneer’s decision shall be final and absolute.

14. RESERVE – The Auctioneer reserves the right to reject any or all bids. On lots upon which there is a reserve, the Auctioneer shall have the right to bid on behalf of the Seller.

15. RECORDS – The record of sale kept by the Auctioneer and bookkeeper will be taken as final in the event of any dispute.

16. AGENCY – Big Liquidation is acting as an agent only and is not responsible for the acts of its principals.

17. SALES TAX – All sales are subject to state and local taxes unless a proper exemption certificate including tax-exempt number is presented at the time of payment.

18. BUYER’S PREMIUM – The Auctioneer in its sole discretion may impose a Buyer’s Premium on any goods sold. The Buyer’s Premium is a percentage that is added to the final purchase price of any items.

19. SHIPPING – All coolants, oil and fluids must be drained from all machinery and equipment prior to removal. All the above must be shipped in compliance with state and federal regulations.

20. INSURANCE – All Buyers, or the Buyer’s riggers, must provide the Auctioneer, Owner and Landlord a certificate of insurance in amounts acceptable to the above parties prior to removal of any machinery and equipment.

21. ADDITIONAL TERMS AND CONDITIONS – The Auctioneer may modify or supplement these terms and conditions of sale by language in the catalog available at the sale site or by announcement at the start of the sale.

What are the Payment terms?

Online Buyers The balance due can be paid by wire transfer or company check, or we can send you an ACH link at the close of the auction. Call 423-782-9081 for wire transfer instructions or ACH paperwork.

On-site Buyers

When you are finished bidding, or at the conclusion of the auction please come to the office area and pay your invoice or get a copy so you can wire transfer the balance due.

We accept:

Cash
Credit Cards
Company check with BANK LETTER OF GUARANTEE
Wire transfer with a $1,000 deposit (company check with a BANK LETTER OF GUARANTEE or cash)

Payment of Sales Tax We will charge local sales tax unless you have your tax-exempt number with you or have it faxed to our office the day of the sale.

Email all correspondence to

[email protected]



Refunds/Adjustments

No refunds or adjustments will be made once an item has been removed from the auction site. All refunds and adjustments are solely at the discretion of the auction company. All sales are final.

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 on file with Big Liquidation. Removal activity must be in accordance with OSHA guidelines and safety standards.

REMOVAL MAY BEGIN WHEN THE AUCTION HAS BEEN COMPLETED AND PAYMENT IN FULL HAS BEEN MADE SEE THE SPECIFIC AUCTION PAGE FOR DETAILS OR OTHER SPECIFIC REQUIREMENTS

WHAT DO WE DO?

THE CORRINGTON ESTATE AUCTION

Days
Hours
Minutes
Seconds
This is an internet-only auction! No electrical equipment has been tested. Everything is bought as is. Please review all terms conditions and descriptions before placing your bid.
All Auction

9 Auction has been listed.

All Buy Now

3 Open auction available

All Sold

6 Auction Completed!

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