BUYER'S PREMIUM: Typically, a buyer's premium will be assessed to the hammer price for items sold online. If an
item has a buyer's premium, it will always be prominently displayed both
during the preview, and during the auction in the item's description.
RESERVES: Typically, there are no hidden reserves for canes sold in Tradewind's online sales. If a reserve price is set, it will always be at or below the low estimate range provided for each item.
DURATION: All auctions will typically last 2 days. Tradewinds may
from time to time offer items for longer or shorter sale periods.
EARLY TERMINATION: An auction may at our sole discretion be terminated
at any time without notice.
BIDDING INCREMENTS: Our auction software sets bid increments automatically as an auction progresses. The increments are based on the bid amount and are as follows:
- $25 for bids from $0 to $500
- $50 for bids from $500 to $1000
- $100 for bids from $1000 to $3000
- $250 for bids from $3000 to $5000
- $500 for bids from $5000 to $10,000
- $1000 for bids from $10,000 to $30,000
- $2500 for bids from $30,000 to $50,000
- $5000 for bids from $50,000 to $100,000
- $10,000 for bids over $100,000
BIDDING: Bidding is a binding legal contract in most states.
By placing a bid on this system, you agree that you will purchase the item
for the amount of your bid should you be the high bidder at closing. Bids
may not be retracted except in the case of an obvious and grievous error
in the bidding process. If such an error has occurred, you must inform
Tradewinds immediately by email to email@example.com
and include a description of the error. Tradewinds, at our sole discretion
will make a ruling on the error and the decisions of Tradewinds will be
final. Bidding on the wrong item, changing your mind, or bidding a few
dollars more than you wished are not grounds for bid retraction.
AUCTION CLOSINGS: In an effort to level the playing field
and give everyone an equal chance regardless of equipment, internet
connection speed, technical ability, or dexterity, auctions will end at
the stated time unless there is bidding within the final 2 minutes of the
auction. In these cases, bidding will be extended until a 2 minute
period where no bids have been received has elapsed. At that time, the
auction will close. This is analogous to an auctioneer giving fair warning
at a live auction before dropping the hammer, and is different than most
online auction systems. Therefore, we call this feature the "Fair Warning" period.
Following the close of an auction, if you were the high bidder,
you will be informed automatically by email of your winning bid.
You have 5 business days to contact Tradewinds Antiques to arrange for
payment and shipping (Please see Payment & Shipping Terms below). If
no contact is made between buyer and seller within 5 business days, Tradewinds
reserves the right to 1) offer the item to the second highest bidder, 2)
re-post the item for sale in a new auction, or 3) remove the item from
EMAIL NOTIFICATIONS: Our auction software is designed to automatically
inform you by email in the event that 1) your bid has been surpassed by
another bidder, or 2) you have won the item you were bidding on. By bidding
on an item in Tradewinds Online Cane Auction, you agree to receive these
automated emailings. You agree to maintain a valid email address
as part of your Registration Information at all times. If you change your
email address, you must update your Registration Information on our system
using a simple two-step process by first filling out the Change
Email Address Form. After submitting this form, you will receive
a confirmation code by return email. You then use the Confirm
Changed Email Address Form and your confirmation code to complete your
registration update. For security reasons, email addresses from free email
services are not permitted (e.g. Yahoo Mail or Google Mail). Tradewinds is not responsible for you not
receiving email notifications for any reason. Please ensure that the SPAM filter on your email program is set to accept email from tradewindsantiques.com.