Terms for Annual Equipment and Vehicle Auction

Schmid Auction Center Teutopolis, IL

Directions: 4 miles east of Effingham IL on U.S. Hwy 40 (Only 1 mile east of Teutopolis, IL or 3.5 miles west of Montrose, IL on U.S. Hwy 40.)

Open House: Every Day 8am until 12Noon

No Buyer premium on all lots! Zero buyer premium!

THIS IS AN INTERNET ONLY AUCTION All items sell as is, where is with all faults or flaws. Items sell with no warranty stated or implied.

DYNAMIC CLOSING: The auction will begin Friday, Feb 10th @ 10:00am. The closing time will automatically extend an additional 2 minutes whenever a bid is placed within the last 2 minutes of the lot closing. Every 15 Seconds and item will begin to close. When there is a bid on an item it will extend for 2 minutes.

Pay and load out Saturday Feb 11th 8:00am -4:30 pm Sharp. Day 2 Sunday Feb 12^th 9am-12Noon Sharp! Day 3 and 4 8am – 4pm Monday Feb 13^th and Tuesday Feb 14^th.

Internet or bidding problems call the auction company immediately!!!!!

Example on bidding. If a person puts a bid of $1000.00 and the 2nd place bidder places a bid $800. It will raise the person with the high bid to $900.00 It will not automatically take a person to the highest bid they have submitted. $100 dollar bid increments.

AGE REQUIREMENT: All bidders must be at least 18 years of age to purchase.

Every 15 Seconds and item will begin to close. When there is a bid on an item it will extend for 2 minutes.

Bid Increments: $1.00 to $100.00 is 1$. $101 to $1000.00 is $10. $1001.00 to $10,000.00 is $25.00. $10,001 and up is $100.00 Example on bidding. If a person puts a bid of $100.00 and the 2nd place bidder places a bid $50. It will raise the person with the high bid to $51.00. It will not automatically take a person to the highest bid they have submitted.

25th Annual Equipment, Vehicle and Tool Auction Ring 2

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