Terms & Conditions – Erkelens & Olson Auctions

By registering and bidding, you acknowledge that you have read and agree to the following Terms & Conditions. Bids are binding, and all sales are final.

General Terms

• All items are sold “AS IS, WHERE IS” with no warranties or guarantees of any kind, expressed or implied.

• All sales are final.

• No reserve prices — everything sells absolute.

• E&O does not represent any manufacturer; items are sold as recovered freight.

• It is the bidder’s responsibility to determine condition, age, authenticity, value, and suitability prior to bidding.

• Bidders must rely on their own inspection and information.

• Announcements made on auction day take precedence over prior written or advertised material.

Payment

• All purchases must be paid in full the day of the auction.

• Payment is due immediately after the close of the auction.

• Accepted forms of payment: Cash, Debit/Credit Card (no fees).

• Invoices will be emailed after the auction with a secure payment link.

• If payment is not received by 2:00 PM on auction day, Erkelens & Olson will charge any card on file.

• All sales are final. The auctioneer’s record of sale is conclusive.

Restricted Items

• Certain items cannot be resold and may need to be returned if requested. Examples include: weapons, illegal drugs, IDs, privacy-related items, alcohol, tobacco, aviation parts, firearms, military/government equipment, prototypes, industrial electronics, original artwork, or other items not intended for open market sale.

• If recovery is required, Buyer must return the goods and will be reimbursed up to the purchase price.

• Items may not be sold back to the original manufacturer.

Catalog & Photos

• Auction catalog, photos, stock images and descriptions are provided as a guide only.

• Counts, quantities, and descriptions are not guaranteed.

• E&O reserves the right to add, group, divide, or withdraw lots.

• Errors or omissions do not relieve bidder responsibility.

Buyer’s Premium & Fees

• An 8% Buyer’s Premium applies to all purchases.

• Sales tax applies unless Buyer provides valid exemption documentation.

Registration & Bidding

• All bidders must register through our website.

• New bidders with limited or no Bidspotter history may be required to provide a $500 refundable deposit before approval.

• By registering, you authorize a temporary pre-authorization hold of $500. This is refunded if no purchase is made or if alternate payment is arranged.

• Once positive bidding history is established, deposits are not required.

• Minimum bid: $25 or $10. Bids increase in $25/$10 increments.

• By registering, you agree to receive auction updates by email (opt-out available).

Auction Process

• Auctions are conducted online in a timed format.

• The first lot begins closing Thursday at 9:00 AM, with subsequent lots closing every 10 seconds.

• Any bid placed within the final 2 minutes extends that lot’s closing time by 2 minutes.

• There are no in-person previews.

• Auctioneer reserves the right to:

  • Accept bids in increments deemed in the seller’s best interest.

  • Reject any bid or bidder at their discretion.

  • Refuse service to anyone.

• Only winning bidders may enter the auction house. For safety reasons, children are not permitted.

Removal / Pickup

• Buyers are responsible for removing purchases during the scheduled pickup days and times.

• After purchase, items become the Buyer’s responsibility.

• Purchases not removed by the posted deadline may be forfeited without refund.

• A paid invoice is required for pickup.

• Pallet jacks and forklifts are available for assistance.

• Pallets not picked up by Monday following the auction will incur a $25 per pallet, per day storage fee.

• Wire bins are not to be removed from the auction house.

• E&O staff will be on-site to help ensure a smooth and accurate pickup process.

• All sales are final, with no refunds or exchanges.

Shipping

• Local and national shipping is available.

• See the Shipping tab on each lot for details.

Counterfeit Disclaimer

• Every effort is made to exclude counterfeit items; however, no guarantee is made regarding authenticity or value.

• If a buyer suspects an item is counterfeit, they must notify staff before leaving the premises.

• Suspected counterfeit items will be destroyed immediately. No refunds or adjustments will be made.

Questions

Please contact E&O at 801.355.6655 or Robert@salesandauction.com with any questions.