The Standard auction is a normal, increasing-price format for a single lot of merchandise. There is only one winner in a Standard auction -- the highest bidder at the close of the auction.

A Dutch auction is used to sell more than one identical lot of merchandise. In this format a bidder must submit both a price and quantity of lots.
All the winners pay the same price. The final amount is determined by the lowest successful bid. For example, in a two-lot scenario should there exist one bidder who places a bid at $1,800.00 for one lot and another bidder who bids $2,000.00 for one lot, they both pay $1,800.00. Likewise in the same two-lot scenario, should you have one bidder who has bid $1,800 for 2 lots for a total of $3600.00 and afterward another bidder bids $2500.00 for 2 lots for a total of $5000.00, the bid would not increase by the lowest increment from $1,800.00 but would increase all the way to $2500.00. There is no proxy bidding in a Dutch auction.

In a fixed price auction, the seller specifies a price for the lot, and the first buyer to click "Buy Now" and complete the buying process is the winner. No one may outbid the buyer for that specific lot.

During a sealed bid sale, each bidder submits an irrevocable bid without knowledge of the bids submitted by other bidders. When the auction closes, all bids are opened simultaneously, and only the highest bid is accepted, as long as it meets the conditions of sale established by the seller. The winning bidder will be notified immediately thereafter.

New assets are in original packaging and possess all of the characteristics/qualities/features as advertised by the manufacturer. Traditionally, they are overstock items that were never offered for sale in a retail environment or used in any way.

Refurbished assets are used but have been inspected, tested, and restored to full working condition. They rarely come in original packaging and seldom contain any documentation or any additional parts and/or accessories. Due to their operational history, refurbished assets possess noticeable cosmetic defects and blemishes, including but not limited to dents, scratches, and signs of age.

Shelf Pulls were previously available for sale in a retail environment but were never sold. They usually possess one or more price tags and/or stickers, indicating multiple markdowns and have been exposed to appreciable customer contact. In addition, since most of these items are sent through a reverse supply chain (e.g., from a retailer back to a centralized warehouse), they can show signs of further handling. Accordingly, Shelf Pulls can exhibit a wide range of individual product and package conditions that can differ substantially from the original manufacturing.

Used Assets were previously sold and put into use. They possess noticeable cosmetic defects and blemishes, including but not limited to dents, scratches, and signs of age. Since these assets are usually pulled from a working environment, they rarely come in original packaging and hardly ever contain any documentation or any additional parts and/or accessories. They are minimally tested to meet only the most basic requirements of functionality. Used assets therefore may not be in optimal working condition and can require additional maintenance and repair.

Returns were sold to a customer, who then either physically brought the item back to a store or mailed it to a specified location. Reasons for returning a product may not have any correlation to its usefulness (i.e., size, color, model, etc.), and as a result that product may be in fine working order. The majority of Returns, however, do have some operational and/or cosmetic problem. Depending on a company's return policy, these items may also reflect a measurable amount of use. In addition, since most of these items are sent through a reverse supply chain (e.g., from a customer back to a store or a centralized warehouse), they can show signs of further handling. They generally do not come in original packaging and often do not have any of the advertised documentation or additional parts and/or accessories. Accordingly, Returns can exhibit a wide range of individual product and package conditions that can differ substantially from the original manufacturing.

Salvage assets have been identified as defective for reasons concerning their functionality, appearance, or both. Salvage assets usually can only be used for parts.

A Buyer's Premium is a standard auctioneering fee that helps cover the costs associated with sourcing products, marketing auctions, running the marketplace, and managing services such as payment collection, fulfillment, testing, shipping and inspection.

Quantity variance is the percentage of items that are deemed to be either in abundance of or less than the amount listed on the auction; ranging between 1-10% per auction. The quantity variance is calculated on a per unit price, and pertains to all merchandise within an auction, including missing or damaged items. However, asset condition of the merchandise within this variance may differ from the rest of the auction items.

This item requires the buyer to present the Material Release Form and proper photo identification to the pick-up location. In the event an agent has been designated by the buyer to pick up, along with the signed Material Release Form by the buyer, the agent must present a letter from the buyer authorizing them to pick up, and a copy of the buyers drivers license and an agents proper photo ID.

Liquidation.com, in conjunction with one of our transportation partners, will arrange the shipping of goods from the seller to the buyer's location. Liquidation.com will charge all shipping expense to the buyer.

The buyer has a choice to arrange their own shipping or allow Liquidation.com to make the arrangements. Buyers electing to arrange their own shipping must contact Buyer Relations and request the shipping charges be removed. Buyers arranging their own shipping must sign a Shipping Waiver Form. Once the transaction is paid, the buyer is sent the necessary forms to sign and return. By signing, the buyer agrees to waive their right to dispute the product. After the signed forms are returned, the buyer is provided the pick-up location and contact information. Buyers arranging their own shipping are encouraged to inspect the product prior to removing it from the seller's location. The buyer makes arrangements to have all freight charges billed directly to the buyer.

Due to the nature of the product in the auction, the buyers are required to arrange their own shipping. Buyers arranging their own shipping must contact Buyer Relations and request the shipping charges be removed. Buyers arranging their own shipping must sign a Shipping Waiver Form. Once the transaction is paid, the buyer is sent the necessary forms to sign and return. By signing, the buyer agrees to waive their right to dispute the product. After the signed forms are returned, the buyer is provided the pick-up location and contact information. Buyers arranging their own shipping are encouraged to inspect the product prior to removing it from the seller's location. The buyer makes arrangements to have all freight charges billed directly to the buyer.