Terms and Conditions
Full details including an address, landline AND mobile telephone numbers plus a valid email address must be provided in order to receive approval for bidding in every Techbid auction. Failure to provide all such details or any history of breaching the terms of a previous online equipment auction, will result in your eligibilty to bid being withdrawn and any bids being cancelled without notice. Overseas bidders, or bidders who have not bought items previously in a Techbid auction, may at the discretion of Techbid be asked to pay a goodwill deposit before being allowed to bid, returnable after the auction.
In the event of a bid being received within 10 minutes of the scheduled closing time, the bidding period on that lot will automatically extend by a further 10 minutes and for a further 10mins for any bid received thereafter. When bidding, do not forget to ‘REFRESH’ your screen to ensure you are aware of current bids. Remember to verify that the reserve has been met before assuming you are winning a lot. Note that, in some circumstances and ONLY while reserves have not been met, vendors may occasionally be permitted to remove certain lots from the sale process before the end of the sale. Also vendors may sometimes reduce a reserve during the sale to allow the highest bid to win the lot.
Due to the nature and process of these timed auction sales, the online catalogue may be updated regularly until the sale day. All lots are sold as seen, untested and without any warranties whatsoever, either express or implied. They are sold as they lie with all faults and errors or mis-statement of description, measurement, weight, quantity, quality, numbered or otherwise (including accuracy of guide photographs and whether of substantial nature or not). The hour readings on machinery in the sale cannot be warrantied & should not be relied upon. However, a period of up to 7 days prior to the auction closing is provided for prospective bidders to satisfy themselves about the nature and condition of any items of interest. Viewing is at our London offices and is strictly by appointment by emailing viewing@techbid.co.uk with a preferred date & time. The purchaser shall be assumed to have inspected the lot he buys, or if purchased without previous inspection, it is understood to be at his own risk. No oral or written representation made prior to or at the time of sale of any lot shall be deemed to be incorporated in such sale nor to have induced any purchaser to bid therefore the lots are not sold by sample but in any case if a sample shall be displayed it shall be on the understanding that the contract of sale shall contain no implied condition or warranty as to the quality or fitness or otherwise or that the lots are free from any defects rendering them merchantable or are reasonably fit for the purpose for which they were purchased. It is recommended that buyers do not bid unless they or their agent have physically examined lots to their satisfaction prior to doing so as absolutely no refunds can be given for any reason after the sale.
Although no form of warranty is given with any lot, Techbid will use its best endeavours to provide the history of any item if requested, whilst protecting the identity of vendors. Where specific items have been tested, this is stated in the catalogue descriptions & indicates that basic functionality has been confirmed, although no liability can be accepted by Techbid for its accuracy. Alternatively, engineer’s reports, for guidance only, are available upon request at £50+VAT per item. The hour and odometer readings on machinery and vehicles in this sale cannot be warranted and should not be relied upon. Due to the Data Protection Act, all software and data may be removed from computers and is not part of the sale unless specified, whereby the buyer would need to obtain the appropriate licence from the software providers prior to use.
A Buyers Premium of 15% is charged on the hammer price on all lots. All lots are also subject to VAT. Techbid is unable to refund the VAT on the buyers premium in any circumstances, even if for export. EC buyers will not be charged VAT if a valid VAT number is provided.
Techbid reserves the right to reject bidders at any time even if previously approved to bid. Techbid aims to notify successful bidders by email within 24hrs of the end of the sale by means of a proforma invoice for immediate settlement. Purchased lots are the responsibility of the buyer from the moment the lot is shown as sold and Techbid shall be under no liability for subsequent loss or damage, however caused. In the event of a third party proving to have a superior title or right to custody or possession of any lot the vendor may rescind the contract of sale and upon return of any deposit and/or purchase price to the purchasers neither the vendor not Techbid shall be under any further liability to the purchaser. Techbid is a trading name of The Television Set Limited.
Note that all approved bidders will automatically have their details placed on our database for notification of futures sales undertaken by Techbid. In the event that you wish to have your details excluded, please email unsubscribe@techbid.co.uk with ‘Please remove’ in the subject line.