How do I bid on Items in the Auctions?
To bid you must register and receive a bidder number. After you have received your bidder number you then log on to place your bids. To place a bid you enter the maximum amount you are willing to bid in the box under the maximum bid column. The auction system will then place incremental bids on your behalf up to the maximum bid amount. The system only places bids on your behalf if someone has placed a bid equal to or greater than your bid. If two bidders have placed bids of the exact same amount then the first bidder to place the bid will be designated the winner. There are no tie bids.
What is Overtime or Extended Bidding?
If a bid is received in the last one minute of bidding on a specific item the time allowed for bidding will extend for one more minute. This will continue until no bids have been placed for two minutes.
When does the Bidding end for a Specific Item?
Bidding starts to close at 1pm EST on the Final Day of the auction which is typically a Wednesday. The lot closing time is listed below the High Bid for each item.
Why do I Owe Sales Tax?
Big Medical Auction House is acting as an intermediary between Buyers and Sellers. Our Sellers have a physical presence in the State(s) where the items being sold are located which requires them to insure sales tax is collected on the items they sell. To avoid paying sales tax you may supply us a resale certificate valid in the state where items are located or proof that the items are being shipped out of state on a third party carrier.
How long do I have to Pick up the Items I have Purchased?
The Removal Deadline for all items in this auction is 10 Calendar Days after the Auction Close. Certain lots may allow for additional removal terms but need to be confirmed prior to auction close.
How Long do I have to Pay my Invoice?
Payment in full is due no later than 3 business days after the close of the auction.
How do I get my Invoice after I Win my Item?
Invoices are sent to the email you supplied with your registration within 24 hours after an auction ends. If you have not received it within this timeframe please check your spam folder before contacting us at info@globalmedauctions.com or call 888-350-9992.
What are the Auction Terms?
19% Buyer Premium, 4% Discount for Cash, 2% Discount Certified Check, ACH or Bank Wire.
How do I Inspect an Item in the Auction?
Every Auction has inspection information posted. You or your representative are free to inspect any item including power-on tests of all equipment. Power-on tests are supervised to protect the integrity of the equipment.
How do I Sell Items in One of Your Medical Auctions?
Contact our Sales Dept at info@globalmedauctions.com or call 888-350-9992 to discuss options for your facility.
