INSTRUCTIONS AND RULES FOR BIDDING
To register for our Internet & Phone Auctions, please read the rules below and click the link at the bottom or top of the page. Please note that by completing the registration form you are accepting all the terms listed below. By placing a bid in this sale, you acknowledge and agree that you are bound by these Auction Procedures and Conditions of Sale.
If you have already registered for Pay It Forward Auction, you do NOT need to register again. If you forgot your Username/Bidder # or Password you can click on "lost password", email us at info@payitforwardauction.com or call our offices (862) 238-7268.
Click Here to Register
1. Registration: If you are not a registered Pay It Forward Auction bidder, you must register online at www.payitforwardauction.com or call (862) 238-7268 to provide your bidder information. If you do not recall your user information you can obtain this information by clicking on the "Lost Password" and/or “Bidder Id” located on all pages of the auction site. You may also call us at (862) 238-7268 or email us at info@payitforwardauction.com if you have questions or continue to have difficulty.
2. Bidding: Bidding begins immediately upon the launch of the auction on our web site.... FOR INTERNET ONLY AUCTIONS.
Placing a bid is a legal contract. Once a bid is placed, you cannot retract it. Bidding may occur in any of the following ways:
a) Online Bidding: Online bidding for registered users who have obtained a User ID and Password is available 24 hours a day. No retractions of bids are permitted.
b) Telephone Bidding: Telephone bids will be accepted between 9:00 AM and 5:30 PM EST, Monday through Friday at (862) 238-7268. Please note that all phone bid calls made into company are recorded for verification and quality purposes, and by placing a phone bid you consent to this.
3. Buyer's Premium: The bid amounts placed in this sale at www.payitforwardauction.com are also referred to as the hammer prices. A Buyer’s Premium will be added to the winning bid or hammer price and is payable by the purchaser as part of the total purchase price. The Buyers Premium will be 19.5% if payment is made by cashier's check, money order, wire transfer, or check within 10 days of the date of invoice. The Buyer’s Premium will be 22% if payment is made using a credit card and/or is not paid with 10 days of date of invoice.
4. Minimum Bids and Reserves: The minimum bid is the lowest amount that we will accept for a lot. A reserve price is the confidential minimum, below which the consignor will not sell the property. Therefore, if the reserve price is not met, the lot will not be sold. Approximately three days prior to auction close any item with an unmet reserve will state "reserve not met" in the online bidding Reserve Bids up to the reserve may be confidentially executed by the house on behalf of the seller up to where the next bid in succession would hit the reserve. No reserve bid shall be executed at a level greater than 1 bid below the reserve.
For Live Auctions: if the reserve price is not met at the conclusion of the Live Auction, the Lot will be a Pass and will not be sold . Reserve Bids up to the reserve may be confidentially executed by the house on behalf of the seller up to where the next bid in succession would hit the reserve. No reserve bid shall be executed at a level greater than 1 bid below the reserve.
5. Bidding Increments: Items will be sold to the highest bidder. Bids can be no lower than the minimum bid listed in the catalog and on the website. When bidding, you will be able to view the current high bid for each lot. When you want to bid, you will click to the individual lot page.
1. 0 - $99 - $5 increments
2. $100 - $249 - $10 increments
3. $250 - $499 - $25 increments
4. $2,500 - $4,999 - $250 increments
5. $5,000 - $9,999 - $500 increments
6. $10,000 - $19,999 - $1,000 increments
7. $20,000 - $29,999 - $2,000 increments
8. $30,000- $49,999 - $3000 increments
9. $50,000 - $99,999 - $5,000 increments
10 $100,000 - $199,999 - $10,000 increments
11 $200,000- $299,999 - $20,000 increments
12 $300,000 - $499,999 $30,000 increments
13 $500,000 - $999,999 - $50,000 increments
14 $1,000,000 and up - $100,000 increments
6. "Up To" or "Limit Bids" and 'Maximum Bids" - "Up to", "Limit" or “Maximum bids” are generally set to the most a bidder is willing to spend for a lot. When placing such a bid you are instructing the auction house to competitively bid on your behalf up to (but not over) a given limit. These "up to" bids must be calculated in 10% increments in order to ensure other bidders are not being outbid by less than 10%. "Up to" bids are not known by us. The software will automatically up a bid within seconds of a topped bid when a 'up to' or 'maximum bid' is in effect, while at the same time allowing you to purchase the lot for the lowest possible price under your maximum bid. Remember, all bids must comply with the minimum bid rule. "Up to" bids can be done via our web site or by calling us at (862) 238-7268. Bid with confidence. Since our inception our auction software provider has turned off, at our request, our ability to see your proxy/ceiling bids. Your maximum bid placed online will never be known or seen by us in order to hold our auction process to the highest industry standards, for both bidders and consignors protection!
7. Product Information and In-person product viewing: All population figures come from the current PSA OR SGC Online Population Report. All lots and descriptions are available for viewing at www.payitforwardauction.com or in our full color catalog. We also offer detailed phone descriptions and can email or fax you additional information as needed. There are multiple images of virtually every lot available on our website and we make all full letters of authenticity available online as well. You may also contact us to view a lot in person prior to the final day of auction close. Please call or email us to schedule an in person viewing as far in advance as possible. All viewings will take place at our location. We strongly encourage bidders to take advantage of these many options. Please do not wait until the last day.
8. Payment: All invoices should be paid in full within 10 days of the close of the auction. Winning bidder payments are accepted by personal check, certified check, cashier’s check, bank check, money order, and wire transfer. Please note that wire transfers less than $1,000.00 will be subject to a $15.00 processing fee. Other acceptable methods of payment include Visa, Master Card, American Express, and Discover for invoices under $7500. Special arrangements can be made prior to auction close to accept credit card charges in excess of $7500. WE DO NOT ACCEPT PAYPAL. Copies of your invoice will be sent by mail and also by email within 3 days after the close of the auction. Failure to pay your invoice in a timely manner will result in your bidding privileges being revoked. If an invoice has not been paid within 15 days of invoice date, the bidder's credit card on file will be automatically charged for the full amount due on the 15th day from the date of the Auction close. Company reserves the right to grant extended payment terms for pre-approved buyers prior to auction close at its discretion. Arrangements to extend payment terms must be made PRIOR to bidding. We reserve the right to charge interest on past due unpaid balances at 1.5% per month until paid.
9. Shipping: Costs for packaging, shipping and insurance will be added to all invoices. No lots will be shipped until full payment is received. PLEASE NOTE: All invoices greater than $1000.00 MUST be shipped via FedEx to a physical address with an adult signature requirement for insurance purposes. Items will be shipped as soon as possible after the payment has cleared. If you would like to pick your items up in person at our New Jersey location, we will waive the shipping and handling charges, however sales tax will be charged in accordance with New Jersey tax codes. If you purchase from a live auction, we do not allow in person pickup at the auction. All items will be shipped from, or picked up in New Jersey, no exceptions. Most items are sent FedEx with tracking, insurance, and signature confirmation. Extremely large or heavy items may require special shipping arrangements. If you are interested in bidding on an oversized item, we suggest calling before bidding to determine the approximate shipping cost.
10. Taxes and Fees: Shipments made to New Jersey will be charged appropriate local sales tax unless the bidder has provided to Pay It Forward Auction a current and valid New Jersey tax exempt resale certificate. Certain countries, regions, states, or municipalities may charge taxes or fees to buyers living in their jurisdiction. Please familiarize yourself with these and how they will affect your purchase prior to bidding.
11. Grading: Grading is subjective. We make every attempt to point out relevant flaws and we provide large photographs online. You may also inspect lots in person prior to the close of the auction (by appointment only). We do not guarantee that our grades will conform to the standards of 3rd party authenticators (TPA's). Furthermore, we are not bound by the opinions of any authenticators, grading services, or "experts". All measurements given in the descriptions are approximate.
12. Authenticity and Returns:
a) Trading cards: There are no returns on graded cards. The graded cards in our auction will almost exclusively be graded by the three leading and most respected card grading and authentication companies, PSA, SGC and Beckett (BVG/BGS). We do not guarantee any card graded by a specific company will receive the same grade by a competing grading company. Any trading card or card related item that is not graded is viewable on our website, in person, and through detailed descriptions. Please review this before bidding as there are no returns unless an ungraded item has an error in description. Any grades given on cards NOT graded and in slabs are internal estimates of grades and are not guaranteed to receive those grades by a TPG, nor is a difference of opinion on those grades considered an 'error in description.'
b) Autographed items: If an item is not first party authenticated (such as Major League Baseball) we will offer items certified by PSA/DNA , JSA and University Archives authenticated from consignors. Whenever possible, especially for modern items, we try to get first person authenticators such as MLB authentication, the athlete themselves, or well known companies that contract with the athlete and witness each autograph. Returns on autographed items are accepted within 30 days of close of auction on items that are NOT certified by either PSA/DNA, JSA, University Archives, MLB Auth or first party authenticated items (Steiner, UDA, Mounted Memories, Tri Star, Lojo etc) ONLY if such item does not pass authentication of PSA/DNA and we are provided with such written notice within 30 days of purchase. Items purchased with a PSA/DNA, JSA LOA,as well as items which have been 'pre authenticated' by PSA/DNA or comes with an 'auction letter' from JSA, or certified by MLB, UDA, Steiner,Tri Star, Lojo etc are non refundable. We use both PSA as well as JSA for our internal autograph authenticators and will use them both based on the high volume of autographs we receive and the man hours required to review items in our auctions.
c) Game Used items: We strive to offer product that is direct from an athlete, team, or league and comes with their certification as to game use. For other products, our primary Third Party Authenticator (TPA) is MeiGray for jerseys, MEARS for jerseys and PSA/DNA for bats. Returns of game used items that are MeiGray certified, MEARS certified, PSA/DNA certified, JT SPORTS certified, or certified by a league, team or athlete themselves are NOT permitted. Returns are only accepted on a game used item that is NOT certified by MEARS, PSA/DNA, JT Sports, athlete , team or league ONLY if such item does not meet standard of 'authentic' by MEARS and we are provided with such written notice within 30 days of your receiving the product.
d) Framed items: While we make every effort to protect the frames included in these lots during the auction while the item is in our possession and during shipping, we cannot be responsible for damage to framed items that may occur. If something was damaged in shipping we will help you with any claim with the shipping company. Framed items are NON returnable due to frame damage, please keep this in mind when bidding on a 'framed item'. You are welcome to request a frame be removed from your item prior to shipping if you are the winning bidder. There will be NO EXCEPTIONS to this policy.
e) High Resolution Photographs and double zoom: Please note that Pay It Forward Auction posts multiple high resolution photographs for each lot. It is the sole responsibility of the bidder to carefully inspect each lot photo prior to bidding on a particular lot. Any wear, damage etc will be fully visible in the photographs and no returns or refunds will be allowed regardless of whether the damage and/or wear is mentioned in the lot description.
f) 3rd Party Authenticators Database Information: Please note that recently authenticated items by 3rd party authenticators (including but not limited to: PSA/DNA, JSA, SGC, Steiner, Fanatics, Mears and Meigray) serial numbers and/or hologram numbers may not appear in their database for some time as the authentication information may not be entered immediately by the 3rd party authenticators. Pay it Forward Auction LLC is in no way responsible for any delay/s involving the 3rd party authenticators entering of authentication information nor is the aforementioned delay sufficient cause to cancel a winning bid and/or refusal to pay any amounts due to Pay it Forward Auction LLC.
Except as listed above, all sales are final with no returns permitted.
13. CONSIGNOR BIDDING AND or SHILL BIDDING are strictly prohibited. Bid manipulation of any kind is expressly forbidden. A consignor is prohibited from placing bids or arranging to have bids placed on his behalf. No shill bidding is allowed. Shill bidding is any bid(s) placed by a person or persons to drive up the final price paid and realized without intent to actually take ownership of the lot. Please note that it is a violation of law to make bids in a false name or with an invalid payment method, even if our software initially accepts such a bid. Fraudulent bidders will be prosecuted to the fullest extent of the law.
14. Pay It Forward Auction reserves the right to accept or reject any or all bids by any bidder. Pay It Forward Auction has the right to remove any item from auction at any time.
15. Pay It Forward Auction reserves the right to postpone or delay an auction for any reason without recourse from any bidder or prospective bidder.
16. Errors and descriptions. Pay It Forward Auction reserves the right to remove an item from our auction at any time. Any error in a Pay It Forward Auction listing or lot description, whether typographical, photographic or technical, will be dealt with at our discretion. The website will always have the most detailed and up to the minute descriptions on all items, as it can constantly be updated and is not limited to the space within a catalog. Please be sure to check the website for the most detailed descriptions and product images. The website may be updated during the auction to provide additional images, LOA's or product information. If there is an error in description that a winning bidder believes has occurred, they MUST CONTACT US WITHIN 14 DAYS OF RECEIVING PRODUCT to discuss. If we are contacted after 14 days, even in the event of a description error, the bidder shall have no recourse. Goldin Auctions will handle these cases in a case by case basis at it's sole discretion.
17. Ownership of Items: Some of the Items being offered for sale may be owned by Pay It Forward Auction (“the Company”) or its employees. In addition, the Company may advance funds to a consignor prior to the auction.
18. Non Payment of Item/s: If a winning bidder does not honor his or her bid with payment in full per the auction rules, then it is agreed that Pay It Forward Auction, may, at its sole discretion, sell the lots to the under bidder, offer the lots again in a future sale, or hold the defaulting buyer liable for the entire purchase price. In either case, it is explicitly agreed that the non-paying winning bidder will be responsible for any and all losses incurred, and also be responsible for all service charges and/or commissions related to the subsequent sale and that the non-paying winning bidder explicitly agrees to pay any and all costs of collection including reasonable legal fees incurred by Pay It Forward Auction in the collection of these losses if necessary. In addition, non paying bidders understand that Pay It Forward Auction may, at its discretion, share their information with other auction houses or print it in the next catalog etc.
19. Exclusive Dispute Resolution Process: All claims, disputes or controversies in connection with, relating to and/or arising out of your participation in the auction (whether as a consignor, bidder or otherwise) including any purchaser of any item, any description of an item, any damage to an item whether asserted in contract, tort, or under any Federal or State statute or regulation shall be exclusively heard and decided by arbitration conducted by and under the rules of the American Arbitration Association. The location for all such arbitrations shall be in Saddle Brook, New Jersey. The arbitrator’s award may be enforced in any court of competent jurisdiction. The fees and costs of the arbitration shall be split by the parties and each party shall be responsible for their own attorney’s costs. This Agreement and any claim shall be determined and construed under the laws of the State of New Jersey. In the event that any matter including actions to compel arbitration, construe the agreement, actions in aid of arbitration or otherwise needs to be litigated, such litigation shall be exclusively in the Federal or State courts located in Bergen County, New Jersey, and if necessary the corresponding appellate courts. For such actions, the consignor, bidder, successful purchaser, or Auction participant also expressly submits himself to the personal jurisdiction of the State of New Jersey.
20 Limitation of liability: In no event will the liability of Pay It Forward Auction LLC exceed the purchase price paid for any lot.
21. Placing a bid is acceptance of these terms: Any person participating in or who registers for the auction agrees to be bound by and accepts these Terms and Conditions of Auction. If an entity places a bid, then the person executing the bid on behalf of the entity agrees to jointly and personally guarantee payment for any successful bid.
Auctioneer reserves the right to refuse to honor any bid or to limit the amount of any bid at their sole discretion.
Auctioneer may occasionally experience internet or service outages and may periodically schedule system maintenance and other purposes, during which bidders cannot participate or place bids. If such outages occur, we may at our discretion extend bidding for the auction, and/or allow a bid to be placed by a bidder who was unable to bid by deadline due to lockup or internet traffic. Bidders unable to place bids through the internet should contact our offices at (862) 238-7268 or info@payitforwardauction.com.
22. Live Bidding:
Bidders participating in the live auction may register online at www.payitforwardauction.com or by telephone at (862) 238-7268. Bidders attending the live event may also register upon arrival. If not already on file tax exempt bidders must provide a valid resale certificate upon registration. Any bidder who is currently registered is automatically eligible to bid in the live portion of the auction.