DW Auctions is an honest, reliable business with
over 10 years in the auction industry. Having been on the buyer's side,
we are now on the selling side, doing what we do best: getting you the
most possible from each unit.
Auction schedules are handed out at each of our
sales, upon which the buyers are then notified. Schedules are updated
on a daily basis.
Terms and conditions of the sale are posted before
the start of the auction, as well as any rules that your company may
have. It is stated before each auction that it is strictly a cash-only
affair; checks and credit cards are not accepted. When a unit is
opened, a cleaning deposit is set which all potential buyers are made
aware of. The cleaning deposit is fully refundable, provided the unit
is cleaned when the buyer has finished. The unit is then sold to the
highest bidder, plus the cleaning deposit and sales tax if the buyer
does not have a resale number.
At the end of the auction, the money is collected
from all successful bidders. A copy of the Bill of Sale
is then given and one is kept on file with the auctioneer. Each
successful bidder is also charged a refundable cleaning deposit for
each unit bought. The cash depost is collected at the time of payment
and is attached to the company's copy of the bill of sale. After the
buyer cleans the unit and is finished, they are then refunded the
When all money has been collected from each
successful bidder, the auctioneer then settles with your comany,
issuing a Final Settlement Form. The form
documents gross sales, sales tax collected, auctioneer's fees and net
procceeds. We collect sales tax for buyers without a resale number and
file these collections with the California State Board of Equalization.
DW Auction Services also offers video inventory
services. Accompanied by the manager, we will cut the units locks, take
a video inventory of each unit, and then place a special anti-tamper
seal on the unit. We then provide a written inventory with an
approximation of what we expect the unit to sell for.
We can provide this service for you, so please
contact us with any questions and we will be happy to help with your
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