Cord & Kruse: June Online Collector Car Auction
Bidding ends Sunday, June 9, 2024 | 8:19 PM Central
until bidding ends.
Cord & Kruse: June Online Collector Car Auction
Bidding ends Sunday, June 9, 2024 | 8:19 PM Central
until bidding ends.
Catalog coming soon!
Add a reminder for this event, so you can be sure to see the catalog when it's available.
Description
Bespoke auction featuring domestic and foreign antique, classic, collector, custom, exotic, luxury, muscle, sports, & vintage vehicles of all shapes and sizes.
PLEASE NOTE:
* REQUIRED REFUNDABLE $1,000 DEPOSIT (forfeited for non-payment).
* VEHICLES IN MULTIPLE LOCATIONS (please check listing).
* Inspections available by appointment ONLY.
* VEHICLES ARE SOLD AS IS WHERE IS WITHOUT WARRANTY EXPRESS OR IMPLIED.
* Vehicles are subject to an 10% BUYER'S PREMIUM.
* Collectible items are subject to a 15% BUYER'S PREMIUM.
* The Uniform Commercial Code provides auctioneer the right to protect the reserve amount and bid on behalf of the consignor up to that amount. Vehicles may be bid to within a few thousand of their reserves by the auction house within three (3) hours before close of the auction begins.
* PLEASE NOTE: reserves can be lifted at any time after a bid is placed. Please do not place a bid if you are not willing and able to be the buyer.
PLEASE NOTE:
* REQUIRED REFUNDABLE $1,000 DEPOSIT (forfeited for non-payment).
* VEHICLES IN MULTIPLE LOCATIONS (please check listing).
* Inspections available by appointment ONLY.
* VEHICLES ARE SOLD AS IS WHERE IS WITHOUT WARRANTY EXPRESS OR IMPLIED.
* Vehicles are subject to an 10% BUYER'S PREMIUM.
* Collectible items are subject to a 15% BUYER'S PREMIUM.
* The Uniform Commercial Code provides auctioneer the right to protect the reserve amount and bid on behalf of the consignor up to that amount. Vehicles may be bid to within a few thousand of their reserves by the auction house within three (3) hours before close of the auction begins.
* PLEASE NOTE: reserves can be lifted at any time after a bid is placed. Please do not place a bid if you are not willing and able to be the buyer.
Catalog
Terms of sale
PLEASE READ: At the request of the auction company, this auction permits bids to be placed by the auctioneer, an employee of the auctioneer, or the seller or an agent on the seller's behalf. While Proxibid's Unified User Agreement prohibits this behavior, in accordance with UCC 2-328, this auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.
Internet Premium: 10.00%
Payment Options: Check, Money Order, Wire Transfer, and Cash
Payment Instructions: A $1,000.00 deposit to bid is REQUIRED by Cord & Kruse LLC and Dan Kruse Classics LP. Payments must be made in a form of cash. Auction company will provide invoicing by email no later than 24-48 hours after the close of the auction. Payment is expected within 48 business hours after the close of the auction. Bank wires may be charged an additional $50 fee. Required deposits will ONLY be returned after the vehicle(s) and/or items are paid in full. IF YOU FAIL TO PAY, YOUR DEPOSIT IS FORFEITED WITHOUT EXCEPTION. “DEFINITIONS” Buyer understands and agrees that Dan Kruse Classics and Cord & Kruse LLC are acting in the capacity of agent for the Seller of the Vehicle. Dan Kruse Classics and Cord & Kruse LLC are the “Auctioneer” as used herein and are referred to in various agreements by and between Buyer, Seller and/or Auctioneers as either “C&K”, or “Auctioneers” and said terms include all officers, agents, employees and staff of Dan Kruse Classics and Cord & Kruse LLC. The term “Vehicle” as used herein shall mean any vehicle, item, object, personality, thing or things sold to Buyer pursuant to the Purchase Invoice and Bill of Sale and the instruments collateral thereto. To determine the identity of any other information regarding the Seller of a particular Vehicle, Buyer should see an auction clerk located in the auction office and request such information prior to bidding on a Vehicle. All statements printed in any catalogs, ads, brochures, signs and/or car cards, as well as verbal statements made by the Auctioneers have come from the Seller and Auctioneers have not verified said statements nor do Auctioneers make any representation as to the truth of said statements. Unless otherwise stated, assume vehicles are non-matching numbers and mileage is non-actual. BUYER ASSUMES ALL RISK FOR RELIANCE ON SAID STATEMENTS. “AS IS, WHERE IS.” Buyer hereby expressly acknowledges and agrees that Buyer has or will thoroughly inspect and examine the physical condition of the Vehicle to the extent deemed necessary by Buyer in order to enable Buyer to evaluate the value of the Vehicle purchased. Buyer hereby further acknowledges and agrees that Buyer is relying solely upon the inspection, examination and evaluation of the value of the Vehicle by Buyer, and that Buyer is purchasing and accepts the vehicle on an “AS IS, WHERE IS” and “WITH ALL FAULTS” basis, without representations, warranties and/or covenants, express or implied of any kind or nature. The express intention and understanding of Buyer, Seller and Auctioneers is that Buyer shall purchase the vehicle without any representations, warranties or covenants, express or implied, from Seller or Auctioneers. The only warranty made by the Seller is to the warranty of title. In consideration of Seller’s agreement to sell the Vehicle, and Auctioneers’ permission to Buyer to participate in the auction, and other good and valuable consideration, BUYER HEREBY WAIVES AND RELINQUISHES ALL RIGHTS AND PRIVILEGES ARISING OUT OF, OR WITH RESPECT OR IN RELATION TO, ANY REPRESENTATIONS, WARRANTIES, AND/OR COVENANTS, WHETHER EXPRESS OR IMPLIED, WHICH MAY HAVE BEEN MADE OR GIVEN OR WHICH MAY BE DEEMED TO HAVE BEEN MADE OR GIVEN, BY SELLER OR AUCTIONEERS. ANY REMEDY FOR BREACH OF CONTRACT WHICH BUT FOR THIS PROVISION MIGHT ARISE BY IMPLICATION OR OPERATION OF LAW, IS EXCLUDED AND DISCLAIMED. Buyer hereby further acknowledges and agrees that warranties of merchantability and fitness for a particular purpose are excluded from this transaction, as are any warranties arising from a course of dealing or usage of trade, and that neither Seller nor Auctioneers have warranted and will not warrant, that the Vehicle now or in the future will meet or comply with the requirements of any code or regulation of any state or any other authority or jurisdiction. Buyer understands and agrees that Auctioneers have not inspected the vehicle nor verified any statements made by Seller, and Buyer releases Auctioneers of and from any duty to do so and of all negligence on the part of Auctioneers for failing to do so. Without limiting the generality of the foregoing, Buyer hereby assumes all risk and liability (and agrees that neither Seller nor Auctioneers shall be liable for any special, direct, indirect, consequential, or other damages) resulting or arising from or relating to the ownership, use, condition, maintenance, repair or operation of the Vehicle. Some states do not allow the exclusion or limitation of incidental or consequential damages, so this limitation may not apply to you if you reside outside of Texas. “LIMITATION OF LIABILITY AND INDEMNIFICATION” Buyer agrees to indemnify, defend, and hold harmless the Auctioneers, their employees, their officers and agents from any liability or claim of liability for any and all personal injuries, accidents, loss, claim or property damage suffered by Buyer which is proximately caused by the negligence or gross negligence of the Auctioneers and/or the Seller. “ATTORNEYS’ FEES” If Buyer sues Auctioneers and does not prevail, or if the suit is settled for an amount less than the original demand made by the Buyer, Buyer will reimburse Auctioneers for all reasonable legal fees and expenses connected with such suit. “ENTIRETY OF AGREEMENT” This instrument together with the Bidder’s Registration Card, Clerk Ticket, Purchase Invoice and Bill of Sale and Consignment Information & Selling Agreement (if applicable) comprise the entire agreement of the parties and shall be binding on them and their respective heirs, personal representatives and assigns. The Buyer is hereby notified that, to the extent that the terms and definitions contained in the Bidder’s Registration Card, Clerk Ticket, Purchase Invoice and Bill of Sale and Consignment Information & Selling Agreement are in conflict, the terms and definitions contained herein shall supersede and replace the conflicting provisions contained in said Bidder’s Registration Card, Clerk Ticket, Purchase Invoice and Bill of Sale and/or Consignment Information & Selling Agreement. All other provisions in said documents remain the same. “MODIFICATION” This instrument shall not be modified except in writing and signed by an officer of the auctioneers in the corporate auction office. Registering to bid online is the equivalent to signing a physical agreement. The party signing this agreement represents that he/she either signs as the Buyer or has Buyer’s authority to sign this agreement and that by so signing, Buyer agrees with same, and that said agreement is signed voluntarily. FURTHER THE SIGNING OF THIS AGREEMENT AFFIRMS THAT THIS DOCUMENT HAS BEEN READ IN FULL AND THAT BY SO SIGNING, THE BUYER GIVES UP RIGHTS AND CLAIMS THE BUYER WOULD OTHERWISE HAVE UNDER TEXAS LAW. Buyer agrees to pay the Buyer’s Premium and any other applicable fees. There is a 10% Buyer’s Premium on Vehicles and 15% on Memorabilia. You many request these terms in writing at tiffany@cordandkruse.com. Revised 03.13.24
Deposit Requirements: The auction company requires a deposit of $1,,000.00 to bid in this auction.
Currency Type: USD
Shipping Instructions: Winning Bidders are SOLELY responsible for ALL the costs to transport and/or ship their vehicles and/or items purchased through this auction. Shipping is NOT included in the Hammer Price or the Buyer's Premium. Shippers are directly contracted by the Winning Bidder. Auctioneer and Sellers are NOT responsible for returned, undeliverable or damaged shipments.
Preview Date & Times: Please contact the auction company for information on previewing a vehicle at call or text 713.331.9404 or tiffany@cordandkruse.com.
Checkout Date & Times: Auction company will provide invoicing by email no later than 24-48 hours after the close of the auction. Payment is expected within 48 business hours after the close of the auction. IF YOU FAIL TO PAY, YOUR DEPOSIT IS FORFEITED WITHOUT EXCEPTION.
Location: Various Locations (please check listing), Houston, TX 77223
Driving Directions: Auction is 100% online. General locations of the vehicles are provided. Specific locale will be provided ONLY to the buyer.
Payment Options: Check, Money Order, Wire Transfer, and Cash
Payment Instructions: A $1,000.00 deposit to bid is REQUIRED by Cord & Kruse LLC and Dan Kruse Classics LP. Payments must be made in a form of cash. Auction company will provide invoicing by email no later than 24-48 hours after the close of the auction. Payment is expected within 48 business hours after the close of the auction. Bank wires may be charged an additional $50 fee. Required deposits will ONLY be returned after the vehicle(s) and/or items are paid in full. IF YOU FAIL TO PAY, YOUR DEPOSIT IS FORFEITED WITHOUT EXCEPTION. “DEFINITIONS” Buyer understands and agrees that Dan Kruse Classics and Cord & Kruse LLC are acting in the capacity of agent for the Seller of the Vehicle. Dan Kruse Classics and Cord & Kruse LLC are the “Auctioneer” as used herein and are referred to in various agreements by and between Buyer, Seller and/or Auctioneers as either “C&K”, or “Auctioneers” and said terms include all officers, agents, employees and staff of Dan Kruse Classics and Cord & Kruse LLC. The term “Vehicle” as used herein shall mean any vehicle, item, object, personality, thing or things sold to Buyer pursuant to the Purchase Invoice and Bill of Sale and the instruments collateral thereto. To determine the identity of any other information regarding the Seller of a particular Vehicle, Buyer should see an auction clerk located in the auction office and request such information prior to bidding on a Vehicle. All statements printed in any catalogs, ads, brochures, signs and/or car cards, as well as verbal statements made by the Auctioneers have come from the Seller and Auctioneers have not verified said statements nor do Auctioneers make any representation as to the truth of said statements. Unless otherwise stated, assume vehicles are non-matching numbers and mileage is non-actual. BUYER ASSUMES ALL RISK FOR RELIANCE ON SAID STATEMENTS. “AS IS, WHERE IS.” Buyer hereby expressly acknowledges and agrees that Buyer has or will thoroughly inspect and examine the physical condition of the Vehicle to the extent deemed necessary by Buyer in order to enable Buyer to evaluate the value of the Vehicle purchased. Buyer hereby further acknowledges and agrees that Buyer is relying solely upon the inspection, examination and evaluation of the value of the Vehicle by Buyer, and that Buyer is purchasing and accepts the vehicle on an “AS IS, WHERE IS” and “WITH ALL FAULTS” basis, without representations, warranties and/or covenants, express or implied of any kind or nature. The express intention and understanding of Buyer, Seller and Auctioneers is that Buyer shall purchase the vehicle without any representations, warranties or covenants, express or implied, from Seller or Auctioneers. The only warranty made by the Seller is to the warranty of title. In consideration of Seller’s agreement to sell the Vehicle, and Auctioneers’ permission to Buyer to participate in the auction, and other good and valuable consideration, BUYER HEREBY WAIVES AND RELINQUISHES ALL RIGHTS AND PRIVILEGES ARISING OUT OF, OR WITH RESPECT OR IN RELATION TO, ANY REPRESENTATIONS, WARRANTIES, AND/OR COVENANTS, WHETHER EXPRESS OR IMPLIED, WHICH MAY HAVE BEEN MADE OR GIVEN OR WHICH MAY BE DEEMED TO HAVE BEEN MADE OR GIVEN, BY SELLER OR AUCTIONEERS. ANY REMEDY FOR BREACH OF CONTRACT WHICH BUT FOR THIS PROVISION MIGHT ARISE BY IMPLICATION OR OPERATION OF LAW, IS EXCLUDED AND DISCLAIMED. Buyer hereby further acknowledges and agrees that warranties of merchantability and fitness for a particular purpose are excluded from this transaction, as are any warranties arising from a course of dealing or usage of trade, and that neither Seller nor Auctioneers have warranted and will not warrant, that the Vehicle now or in the future will meet or comply with the requirements of any code or regulation of any state or any other authority or jurisdiction. Buyer understands and agrees that Auctioneers have not inspected the vehicle nor verified any statements made by Seller, and Buyer releases Auctioneers of and from any duty to do so and of all negligence on the part of Auctioneers for failing to do so. Without limiting the generality of the foregoing, Buyer hereby assumes all risk and liability (and agrees that neither Seller nor Auctioneers shall be liable for any special, direct, indirect, consequential, or other damages) resulting or arising from or relating to the ownership, use, condition, maintenance, repair or operation of the Vehicle. Some states do not allow the exclusion or limitation of incidental or consequential damages, so this limitation may not apply to you if you reside outside of Texas. “LIMITATION OF LIABILITY AND INDEMNIFICATION” Buyer agrees to indemnify, defend, and hold harmless the Auctioneers, their employees, their officers and agents from any liability or claim of liability for any and all personal injuries, accidents, loss, claim or property damage suffered by Buyer which is proximately caused by the negligence or gross negligence of the Auctioneers and/or the Seller. “ATTORNEYS’ FEES” If Buyer sues Auctioneers and does not prevail, or if the suit is settled for an amount less than the original demand made by the Buyer, Buyer will reimburse Auctioneers for all reasonable legal fees and expenses connected with such suit. “ENTIRETY OF AGREEMENT” This instrument together with the Bidder’s Registration Card, Clerk Ticket, Purchase Invoice and Bill of Sale and Consignment Information & Selling Agreement (if applicable) comprise the entire agreement of the parties and shall be binding on them and their respective heirs, personal representatives and assigns. The Buyer is hereby notified that, to the extent that the terms and definitions contained in the Bidder’s Registration Card, Clerk Ticket, Purchase Invoice and Bill of Sale and Consignment Information & Selling Agreement are in conflict, the terms and definitions contained herein shall supersede and replace the conflicting provisions contained in said Bidder’s Registration Card, Clerk Ticket, Purchase Invoice and Bill of Sale and/or Consignment Information & Selling Agreement. All other provisions in said documents remain the same. “MODIFICATION” This instrument shall not be modified except in writing and signed by an officer of the auctioneers in the corporate auction office. Registering to bid online is the equivalent to signing a physical agreement. The party signing this agreement represents that he/she either signs as the Buyer or has Buyer’s authority to sign this agreement and that by so signing, Buyer agrees with same, and that said agreement is signed voluntarily. FURTHER THE SIGNING OF THIS AGREEMENT AFFIRMS THAT THIS DOCUMENT HAS BEEN READ IN FULL AND THAT BY SO SIGNING, THE BUYER GIVES UP RIGHTS AND CLAIMS THE BUYER WOULD OTHERWISE HAVE UNDER TEXAS LAW. Buyer agrees to pay the Buyer’s Premium and any other applicable fees. There is a 10% Buyer’s Premium on Vehicles and 15% on Memorabilia. You many request these terms in writing at tiffany@cordandkruse.com. Revised 03.13.24
Deposit Requirements: The auction company requires a deposit of $1,,000.00 to bid in this auction.
Currency Type: USD
Shipping Instructions: Winning Bidders are SOLELY responsible for ALL the costs to transport and/or ship their vehicles and/or items purchased through this auction. Shipping is NOT included in the Hammer Price or the Buyer's Premium. Shippers are directly contracted by the Winning Bidder. Auctioneer and Sellers are NOT responsible for returned, undeliverable or damaged shipments.
Preview Date & Times: Please contact the auction company for information on previewing a vehicle at call or text 713.331.9404 or tiffany@cordandkruse.com.
Checkout Date & Times: Auction company will provide invoicing by email no later than 24-48 hours after the close of the auction. Payment is expected within 48 business hours after the close of the auction. IF YOU FAIL TO PAY, YOUR DEPOSIT IS FORFEITED WITHOUT EXCEPTION.
Location: Various Locations (please check listing), Houston, TX 77223
Driving Directions: Auction is 100% online. General locations of the vehicles are provided. Specific locale will be provided ONLY to the buyer.
Special Terms
Terms and Conditions
The following terms are supplemental to our Terms of Use on our website: www.cordandkruse.com and apply to Auctions conducted on the Service and offline by Dan Kruse Classics LP and/or Cord & Kruse LLC, as well as our online auction service associates. Our Terms of Use are incorporated here by reference. Capitalized terms not defined in these Dan Kruse Classics LP and/or Cord & Kruse LLC Auction Terms and Conditions have the meanings set forth in our Terms of Use. By registering to bid online, you agree that you have read, understood, and agree to be bound by the Terms of Use and these Auction Terms and Conditions.
1. Auctions.
Each Auction conducted on the Service is of a designated set of items (each a Lot) on a designated date or dates. Lots are provided by the party that wishes us to sell property on their behalf (each such party a Consignor). The Service will provide the pertinent information for each Auction, including date, start of auction, each Lot to be sold, and location. Certain Auctions on the Service may also be contemporaneously conducted live in-person, while other Auctions may be exclusively conducted on the Service. All Auctions conducted by Dan Kruse Classics LP and/or Cord & Kruse LLC, and these Auction Terms and Conditions, are governed by the laws of the State of Texas.
2. Registration.
In order to participate in an Auction, registration is required for all persons wishing to Consign or Bid (Bidders). Any person registering to Bid by phone, absentee, or in person will complete a Bidder Registration Form. Online Bidders will submit a completed electronic form through the Service at cordandkruse.com, and/or proxibid.com, where they also may be asked to establish a Member Account. Each Auction requires a separate registration; Bidders with a Member Account may register for Auctions via their account.
(a) Information Required. To register, Bidders are required to submit their name, physical address, telephone number, email address, and credit card information. You hereby represent that all information you submit in connection with registration is truthful and accurate. By submitting your information, you consent to have your personal information processed by Dan Kruse Classics LP and/or Cord & Kruse LLC in the United States in accordance with our Privacy Policy.
(b) First Time Bidders. For verification purposes, Bidders who have not participated in an Auction are required to submit a copy of their (A) official government-issued identification (drivers license / passport / state identification card) and (B) credit card. Copies of such documents may be submitted in person, via facsimile 713.331.9404 or email info@cordandkruse.com. Failure to do so may inhibit your ability to register.
(c) Credit Card Authorization. We REQUIRE a minimum $1,000 deposit to register to bid. We (and/or our third-party payment processor) may verify credit card information in order to register. To verify your card, we will charge $0.01 to it. After the card is verified, we will immediately refund the card. Your card issuer will credit your card balance within thirty (30) days from the date of the refund. In the event you add or replace a credit card, we may also verify such new or replacement credit card. Deposits are NOT applicable to the purchase price and will be refunded as soon as the vehicle is paid for in full which should be no later than 48 hours after the close of the auction.
(d) Minors. Bids will not be accepted from those persons under the age of eighteen (18) without (i) written consent of said persons parent or legal guardian, or (ii) unless such person is an emancipated minor. Written consent must acknowledge the terms and conditions of sale. This written consent constitutes an agreement to be bound thereby on behalf of the Bidder.
(e) Responsibility for your Account. Bidder acknowledges and agrees that all Bids placed under Members Account are considered to be placed by the Member or with Members authorization. You are liable for all bids placed with or without consent by a minor within or outside of your household that is in possession of your member and/or bidder information. Failure to pay as a result of bids placed by such minors as described above WILL RESULT IN THE FORTITURE OF YOUR REQUIRED DEPOSIT.
(f) Approval of Registration. Dan Kruse Classics LP and/or Cord & Kruse LLC, in its sole and absolute discretion, reserves the right to approve or reject Bidders for its auctions at any time. We are under no obligation to accept your application for registration.
(g) Term of Registration. Upon approval by Dan Kruse Classics LP and/or Cord & Kruse LLC, your registration is effective throughout the applicable Auction for which you registered and any post-Auction obligations you incur in connection with Bids you placed during such Auction.
3. Bidding.
Upon completed and approved registration, Bidders may submit a binding offer to purchase a Lot at a specified price (a Bid) in an Auction.
(a) Placement; Payment Authorization. When a Lot at the Auction goes live, Members are free to place bids under their Member Account on such Lot (i) if an Auction conducted both in-person and online, until the individual conducting the sale for Dan Kruse Classics LP and/or Cord & Kruse LLC (the Auctioneer) determines that bidding on such Lot has closed, or (ii) if an online-only Auction, in accordance with the parameters set forth on the Service for such Lot. As bids are placed, Dan Kruse Classics LP and/or Cord & Kruse LLC reserves the right to authorize your credit card for any bid amount placed. If an authorization was made on a Bid and you are subsequently outbid, Dan Kruse Classics LP and/or Cord & Kruse LLC auctions will release that authorization.
(b) Notifications. If you are placing Bids via the Service, each time you are outbid Dan Kruse Classics LP and/or Cord & Kruse LLC auctions will send you an email message notification advising you of such. If you are the Winning Bidder for a given Lot, Dan Kruse Classics LP and/or Cord & Kruse LLC will send you an email message confirmation.
(c) Bid Conditions. Dan Kruse Classics LP and/or Cord & Kruse LLC reserve the right to accept or decline any Bid. Bids must be for an entire Lot. Each Lot constitutes a separate sale. All Bids are per Lot unless otherwise announced at a live sale by the Auctioneer. All winning Bids are subject to a Buyers Premium (as defined herein). Live auction Lots will be sold in their numbered sequence unless the Auctioneer directs otherwise. Dan Kruse Classics LP and/or Cord & Kruse LLC may cancel any Lot and have it removed from an Auction prior to acceptance of a winning Bid. In the event a Lot is removed from an Auction, notice will be provided (i) on the Service, (ii) via email to Bidders who placed their Bid on such Lot via the Service, and (iii) if the Auction is an in-person Auction, at the physical location of the Auction. In such instance of Lot removal from an Auction, any Bids previously placed on such Lot prior to its removal from the Auction shall be cancelled, and Dan Kruse Classics LP and/or Cord & Kruse LLC will not receive any further Bids on such Lot.
(d) Purchase Obligations. In connection with making Bids, Bidders agree that the registered Bidder with the highest Bid at the close of the Auction will be obligated to purchase the Lot. By bidding on any Lot, you agree to purchase the Lot at the price you have Bid. You agree that should you Bid on a Lot and that Bid is the winning Bid, that you are bound to pay Dan Kruse Classics LP and/or Cord & Kruse LLC the winning bid amount for the Lot. All sales are FINAL and winners cannot cancel. No exceptions will be made. You further acknowledge and agree that the winning Bid you submit for each Lot is subject to: (i) additional fees, including the Buyers Premium and Online Service Fee (if applicable), and (ii) additional costs, including taxes, shipping (if applicable), storage (if applicable), and customs (if applicable), and that you are obligated to pay such fees and costs in connection with your winning Bid.
(e) Conduct. It is unlawful and illegal for Bidders to collude, pool, or agree with another Bidder to pay less than the fair value for Lot(s). Bidders participating in both live and online auctions acknowledge that the law provides for substantial penalties for those who violate these provisions.
(f) Disputes Between Bidders. For live auctions the Auctioneer will have final discretion in the event that any dispute should arise between Bidders. The Auctioneer will determine the successful Bidder, cancel the sale, or re-offer and resell the Lot or Lots in dispute. Dan Kruse Classics LP and/or Cord & Kruse LLC will have final discretion to resolve any disputes arising after the sale and in online auctions. If any dispute arises our sale record is conclusive.
(g) Online Bids. Our online auction software is provided AS IS and AS AVAILABLE. High speed internet access is required to access the Service effectively. The Service is subject to limitations, delays and other problems inherent in the use of the Internet and electronic communications. Dan Kruse Classics LP and/or Cord & Kruse LLC is not responsible for any delays, delivery failures, or other damage resulting from such problems.
(h) Reserve. All of the Lots offered at Auction are subject to a confidential minimum price acceptable to the Consignor at which the Lot will be sold (the Reserve). Dan Kruse Classics LP and/or Cord & Kruse LLC is not obligated to sell the Lot unless the Reserve is met. A Lot or Lots may be withdrawn from an Auction if there is no Bid equal to or above the Reserve. During a live auction the auctioneer may open any Lot by bidding on behalf of the Consignor and may bid up to the amount of the Reserve, by placing successive or consecutive bids for a Lot or Bids in response to other Bidders. Online sales may do the same by employing the use of a starting Bid which will commence bidding at or below the reserve price agreed to by the Consignor.
4. Winning Bids.
At the close of the Auction, the highest Bid for a Lot will be considered the Hammer Price, and the successful Bidder shall be informed by email (the Winning Bidder or the Purchaser). The Winning Bidder is responsible for paying to Dan Kruse Classics LP and/or Cord & Kruse LLC the Hammer Price, Buyers Premium, and all applicable taxes, plus shipping costs (if applicable), insurance costs while in transit (for items not picked up in person), Online Service Fee (if the Winning Bidder placed the Bid online via the Service) and any applicable customs and/or duties (such amounts collectively, the Total Purchase Price). Upon conclusion of the Auction, we will provide the Winning Bidder with an accounting statement of the Total Purchase Price by email.
(a) Risk of Loss; Release of Lots. Upon establishment of the Hammer Price for the purchase of the Lot (the Sale), the Winning Bidder immediately thereafter assumes full responsibility for all risk of loss or damage (including, without limitation, liability for or damage to frames or glass covering prints, paintings, photos, or other works) and will immediately pay the Total Purchase Price or such part as Dan Kruse Classics LP and/or Cord & Kruse LLC may require. All Sales are final. Lots will be released to you (or the shipping company, as applicable) upon our receipt of payment of the Total Purchase Price in full from you.
(b) Buyers Premium. Winning Bidder agrees that in addition to the Hammer Price, the Lot will be subject to an additional charge on the Hammer Price as part of the total purchase price (the Buyers Premium). The Buyers Premium is eight percent (8%) on vehicles.
(c) Online Service Fee. For all Lots where the Winning Bid is submitted online via the Service, an additional three percent (3%) of the Hammer Price (the Online Service Fee) may be added to the Buyers Premium amount detailed immediately above.
(d) Taxes. Winning Bidder agrees that he/she is responsible for the payment of any and all applicable taxes due in connection with such Lot, including but not limited to sales tax, use tax, and value-added tax (VAT). All collectible and/or memorabilia items will be charged Texas state sales tax, unless a resale tax certificate for such items is provided. Resale certificates can be emailed to info@cordandkruse.com.
(e) Lot Retrieval.
ALL LIVE & ONLINE Lots must be removed from auction site premises by the Winning Bidder within 48 hours (2) calendar days of the conclusion of the Auction at the Winning Bidders own expense. If, after three (3) days following your payment of the Total Purchase Price, the Lot is not removed: (A) a handling charge of eight dollars ($8.00) per day or one percent (1%) of the Total Purchase Price per month, whichever is greater, will be payable to us by the Winning Bidder, with a minimum of five hundred dollars ($500.00) or five percent (5%) of the Total Purchase Price for any Lot not so removed within twenty (20) calendar days after the Sale, whichever is greater (the Storage Fees); and (B) we reserve the right to assist the Seller in sending the Lot to a public warehouse or storage facility, at Winning Bidders sole risk and expense. If Winning Bidder fails to remove the Lot within ten (10) days following the Sale, then, in addition to the Storage Fees, Dan Kruse Classics LP and/or Cord & Kruse LLC shall have the right (but not the obligation) to dispose of or retain any such Lot. All costs incurred by Dan Kruse Classics LP and/or Cord & Kruse LLC and the Seller in connection with the removal or disposal of any such Lot shall be paid by Winning Bidder within 48 hours (2) calendar days of our written notification to you of such costs. Shipping. Winning Bidders are responsible for all costs to ship their items. Shipping is not included in the Hammer Price of your auction items. Shippers are directly contracted by Winning Bidder and to ship your Lot to you. Auctioneer, Sellers and Shippers are not responsible for returned or undeliverable shipments.
All ONLINE ONLY Lots must be removed from Sellers premises by the Winning Bidder within ten (10) calendar days of the conclusion of the Auction at the Winning Bidders own expense. If, after ten (10) days following your payment of the Total Purchase Price, the Lot is not removed: (A) a handling charge of eight dollars ($8.00) per day or one percent (1%) of the Total Purchase Price per month, whichever is greater, will be payable to us by the Winning Bidder, with a minimum of five hundred dollars ($500.00) or five percent (5%) of the Total Purchase Price for any Lot not so removed within twenty (20) calendar days after the Sale, whichever is greater (the Storage Fees); and (B) we reserve the right to assist the Seller in sending the Lot to a public warehouse or storage facility, at Winning Bidders sole risk and expense. If Winning Bidder fails to remove the Lot within thirty (30) days following the Sale, then, in addition to the Storage Fees, Dan Kruse Classics LP and/or Cord & Kruse LLC shall have the right (but not the obligation) to dispose of or retain any such Lot. All costs incurred by Dan Kruse Classics LP and/or Cord & Kruse LLC and the Seller in connection with the removal or disposal of any such Lot shall be paid by Winning Bidder within 48 hours (2) calendar days of our written notification to you of such costs. Shipping. Winning Bidders are SOLELY responsible for ALL costs to ship their items. Shipping is NOT included in the Hammer Price of your auction items. Shippers are directly contracted by Winning Bidder and to ship your Lot to you. Auctioneer, Sellers and Shippers are not responsible for returned or undeliverable shipments.
PLEASE NOTE: a 2% credit card processing fee is assessed and added to the total of all invoices of ten thousand United States Dollars ($10,000.00) or higher which have payment made by credit card. International . Dan Kruse Classics LP and/or Cord & Kruse LLC will provide you with the necessary customs documentation detailing the value of items purchased. Dan Kruse Classics LP and/or Cord & Kruse LLC and Shippers are not responsible if there are any delays in customs. Purchasers are responsible for compliance with all laws and regulations applicable to the international purchase and shipment of items. Purchaser understands that the shipment of Lots internationally is subject to United States export controls and trade and economic sanctions laws and agrees to comply with all such laws and regulations, including the Export Administration Regulations maintained by the United States Department of Commerce, and the trade and economic sanctions maintained by the United States Treasury Departments Office of Foreign Assets Control.
(f) Invoices and Payments. All invoices must be paid within 48 hours, (2) calendar days after the close of the Auction.
Payments. Dan Kruse Classics and Cord & Kruse accept payment by cashiers check, personal check accompanied by bank letter of guarantee and wire transfer. Winning Bidders who wish to pay by check may do so by making checks payable to: Dan Kruse Classics, 11202 Disco San Antonio, Texas 78216.
Credit Card Authorization . Bidder authorizes Dan Kruse Classics LP and/or Cord & Kruse LLC to charge Bidders credit card provided at registration for all items purchased at any Auction that Bidder may participate in, if not paid in full within 48 hours (2) calendar days after the close of the Auction. Processing fees for credit card payments may apply. All invoices under five thousand United States Dollars ($5,000.00) will automatically be charged to the credit card on file unless prior arrangements are made. All invoices over five thousand United States Dollars ($5,000.00) will automatically be charged five thousand United States Dollars ($5,000.00) as a deposit to the credit card on file unless prior arrangements are made. A 2% credit card processing fee is assessed and added to the total of all invoices ten thousand United States Dollars ($10,000.00) or higher which have payment made by credit card.
Lot Rights . In the event Dan Kruse Classics LP and/or Cord & Kruse LLC has agreed in writing prior to the auction to provide payment terms or an extended period of time for payment to you, you acknowledge and agree that you shall have no right, title, or interest in and to any property purchased by you until all amounts owed by you are paid in full. If you fail to comply with the terms of the payment plan or extended payment period, upon your default, Dan Kruse Classics LP and/or Cord & Kruse LLC shall have the unequivocal right, at its sole discretion, to sell some or all of the property on which you were the Winning Bidder, and to apply the proceeds toward the balance of any monies owed by you to Dan Kruse Classics LP and/or Cord & Kruse LLC auctions. If the monies received through the sale of the items do not meet your outstanding obligations, Dan Kruse Classics LP and/or Cord & Kruse LLC shall have the right to pursue any and all remedies available under the law against you pursuant to the provisions set forth herein. If the monies received through the sale of the items exceed your outstanding obligations, the excess, minus any fees or costs incurred by Dan Kruse Classics LP and/or Cord & Kruse LLC in connection with and arising out of the sale of the properties, shall be refunded to you.
Late Payment Fees . Commencing with the tenth day following the sale, payments not received by Dan Kruse Classics LP and/or Cord & Kruse LLC will incur a late charge of one-and-a-half percent (1.5%) per month (or the highest rate allowable by law, whichever is lower) on the outstanding Total Purchase Price. Excess Fund Return . In the event you are the Winning Bidder on a Lot and prior to an Auction you provided us with a deposit for your Bid which exceeds the Total Purchase Price, we will return any such excess within thirty (30) business days of the conclusion of the Auction, unless delay is compelled by (A) legal proceedings, or (B) our inability, through no fault of our own, to transfer title to the Lot or comply with any provision of applicable Texas law.
(g) Defaults; Dan Kruse Classics LP and Cord & Kruse LLC Remedies. If Winning Bidder does not comply with the conditions herein, such Winning Bidder will be in default. In addition to any and all other remedies available to Dan Kruse Classics LP and/or Cord & Kruse LLC and the Consignor by law and at equity, including, without limitation, the right to hold the Winning Bidder liable for the Total Purchase Price, including all fees, charges and expenses more fully set forth herein, we, at our option, may: (a) cancel the sale of the subject Lot, or any other lots sold to the defaulting Purchaser at the same or any other Auction, retaining as liquidated damages all payments made by the Purchaser; (b) resell the purchased property, whether at public auction or by private sale; or (c) effect any combination thereof. In any case, the Purchaser will be liable for any deficiency, any and all costs, handling charges, late charges, expenses of both sales, our commissions on both sales at our regular rates, legal fees and expenses, collection fees and incidental damages.
We may, in our sole discretion, apply any proceeds of sale then due or thereafter becoming due to the Purchaser from us or any affiliated company, or any payment made by the Purchaser to us or any affiliated company, where or not intended to reduce the Purchasers obligations with respect to the unpaid Lot or Lots, to the deficiency and any other amounts due to us or any affiliated companies. In addition, a defaulting Purchaser will be deemed to have granted and assigned to us and our affiliated companies, a continuing security interest of first priority in any property or money of our owing to such Purchaser in our possession or in the possession of any of our affiliated companies, and we may retain and apply such property or money as collateral security for the obligations due to us or to any affiliated company of ours. Payment will not be deemed to have been made in full until we have collected good funds. In the event the purchaser fails to pay any or all of the Total Purchase Price for any Lot and Dan Kruse Classics LP and/or Cord & Kruse LLC elects to pay the Consignor any portion of the sale proceeds, the purchaser acknowledges that Dan Kruse Classics LP and/or Cord & Kruse LLC shall have all of the rights of the Consignor to pursue the Purchaser for any amounts paid to the Consignor, whether at law, in equity, or under these Auction Terms and Conditions. Dan Kruse Classics LP and/or Cord & Kruse LLC further reserves the right to prohibit defaulting Purchasers from being approved for registration at future Auctions.
5. Lots.
(a) Warranty; Disclaimers. ALL property is sold AS IS WHERE IS WITH ALL FAULTS. We make no warranties, nor does the Consignor, as to the merchantability or fitness for a particular purpose, the correctness of the catalogue or other description of the physical condition, size, quality, rarity, importance, medium, provenance, exhibitions, literature or historical relevance of any property. No oral or written statements made in the catalogue, online listing, advertisement, bill of sale, and announcement or elsewhere made by employees (including affiliated and related companies) shall be considered a warranty. We and the Consignor are not responsible for errors and omissions in the catalogue, online listings or any other supplemental material.
(b) Evaluation; Item Descriptions. It is the sole responsibility and risk of prospective Bidders to make the determination of whether a Lot is suitable for Bid.
(c) Pricing. All Lot pricing is listed in United States Dollars. We may offer certain programs, tools, and site experiences of particular interest to international users, such as estimated local currency conversion and international shipping calculation tools, but these are offered for convenience only.
revised 10.24.23
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