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[ View/Ask ]Lot consists of 35 metal storage racks. Racks are used and show normal wear from prior use. No guarantees are made regarding completeness or condition.
Buyer is responsible for all labor, tools, and equipment required for removal.
Disassembly is required and must be completed by the buyer at the time of pickup.
Items are sold as-is.
No assistance with loading will be provided. Please bring your own manpower.
48x87x12
What is a Dutch Auction?A Dutch Auction is an auction in which the seller lists multiple quantities of an identical item. With multiple items up for sale, multiple bidders can win and one bidder can try to buy more than one quantity. If there are more bidders than items, the highest bidder will receive his or her full quantity. Bidders may receive partial quantities, i.e., only receive 2 out of the 3 items they bid for.
Bids on Dutch auctions are done per item. When you bid, you will enter the desired quantity and the per item price. As with all auctions, Proxy bidding may be used during Dutch auctions. The system will work to make sure you get the maximum possible number of items - up to your maximum quantity - for the lowest possible price. Your total price will be the quantity won multiplied by the per item price.
Example #1
Auction for 5 items
Bidder 1: Bids $20.00 per item, wants 1 item
Bidder 2: Bids $15.00 per item, wants 3 items
Bidder 3: Bids $10.00 per item, wants 3 items
Bidder 1: Wins 1 item-was high bidder per item and only wanted 1 item. Will pay $20.
Bidder 2: Wins 3 items-bid $15 per item, will pay $45.
Bidder 3: Wins remaining 1 item. Even though bidder 3 wanted 3 items for $10 each, this bidder was outbid, so he or she will only get the remaining 1 item and will pay $10.
Example #2
Auction for 5 items
Bidder 1: Bids $20.00 per item, wants 5 items
Bidder 2: Bids $15.00 per item, wants 3 items
Bidder 3: Bids $10.00 per item, wants 3 items
Bidder 1: Wins all 5 items - the bidder placed the highest bid per item and will pay a total of $100.
Example #3
Auction for 5 items
Bidder 1: Bids $25.00 per item, wants 3 items
Bidder 2: Bids $25.25 per item, wants 5 items
Bidder 1: Wins 3 items
Bidder 2: Wins 2 items
The reason for this is that bidder 2 bid after bidder 1 and bidder 2 did NOT outbid bidder 1's bid by the correct bid increment. The bid increment for $25.00 is $1.00, but the second highest bidder only bid $.25 more, which did not outbid bidder 1. Therefore bidder 1 gets his or her desired quantity and bidder 2 gets the remaining items. The bid increment will be clearly displayed during a Dutch auction.
PLEASE READ TERMS AND CONDITIONS FOR COMPLETE INFORMATION
Inspection of Auction items by appointment only.
County of Yuba may require a bid deposit.
PayMac handles all payments for County of Yuba .
Acceptable forms of payment are: Wire Transfer or Credit Card.
NO CASH, CHECKS, OR MONEY ORDERS WILL BE ACCEPTED!
Payment for an awarded item must be received within five (5) business days after notice of award.
County of Yuba will charge a sales tax of 8.25%. The tax rate will be calculated at the time of bidding. When sales tax is included, the buyer shall add and include the sales tax amount when making payment.
A Buyers Premium will be added to the final sale price with a $1 minimum charge per auction for payment collections. This premium if applicable will be visible during the bidding process and added to the total bid.
All sales are final. Public Surplus will notify buyer of receipt of payment via email.
The successful bidder will be responsible for pick-up of item(s) from the agency's premises. Pick-up must occur within ten (10) business days after notification of award. The notice of award, payment receipt, and personal identification must be presented at time of pick-up, or the item will not be released.
Pick-up hours by appointment only.
The successful bidder will be responsible for packing, and/or loading any item(s) at pick-up, if necessary.