Here's a detailed guide on how our auctions work:
Auction Format: Sealed Bids
- Sealed Bid Marketing: All items will be marketed and sold via sealed bids, ensuring a fair and competitive process for all participants. Only bids submitted through our website will be considered.
Reserve Bid Prices
- Initial Round: Each item will have a reserve bid price, which will not be posted during the first round of bidding.
- Auction Duration: The initial auction will run for 20 days.
- Meeting Reserve Price: If an item meets or exceeds the reserve bid within the 20-day period, the highest bidder will win the item.
Unsold Items
- Relisting: If an item fails to meet the reserve bid, the decision to relist the item will be at the discretion of the Vice President of Business and Finance.
- Re-evaluation: Should the item still not sell after the second listing, it will undergo a re-evaluation process for future auction considerations.
Terms of Sale
- Final Sale: All sales are final. There will be no refunds, and no warranties or guarantees, whether expressed or implied, are offered.
- Removal of Items: All purchased items must be removed from campus within 5 days of the auction’s conclusion.
- Responsibility for Removal: The winning bidder is responsible for all costs associated with moving the items from campus.
Payment Options
- Accepted Payments: We accept cash, credit card (with a 2.75% processing fee), or a certified check.
Contact Information
For any questions or further assistance, please contact:
Brian Speer
Director of Operations Administration
Email: bspeer@gardner-webb.edu
Phone: (704) 406-4269