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Fees & Penalties
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Registration Fee
Waived
Membership Fees
Waived
Bidding Fee
Waived
Listing Fees (Seller Fee) temporarily
waived
| Auction Closing Price |
Transaction Fee |
| $1 thru $250 |
$25 |
| $251 thru $500 |
$50 |
| $501 thru $750 |
$75 |
| $751 thru $1,000 |
$100 |
| $1,001 thru $2,500 |
$225 |
| $2,501 thru $5,000 |
$400 |
| $5,001 thru $7,500 |
$525 |
| $7,501 thru $10,000 |
$600 |
| $10,001 thru $20,000 |
$1,000 |
| $20,001 and up |
$1,400 |
Buyers Premium (Buyer Fee) temporarily
waived
| Auction Closing Price |
Transaction Fee |
| $1 thru $5,000 |
5% (min $10) |
| $5,001 thru $20,000 |
4% (min $250) |
| $20,001 and up |
$800 |
Penalties
| Purchasing |
| If a winning bidder fails to complete
the transaction for any reason, they must pay a "Default
Penalty" equal to any deficit that may occur when
the item is resold plus a 14% commission on the resale
price with a minimum fee of $2,000. This fee will be applied
separately to each individual unit on which the winning
bidder defaults. |
| Selling |
| If a seller withdrawls equipment
from a current auction they will pay an amount equal to
double the listing fee for each item. |
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