Absolute Estate Auction of Guns, Ammo, Scopes

Absolute Estate Auction

Guns, Ammo, Scopes

Bidding Ends Thursday, August 21, 2014 - at approximately 6:00 p.m.

64 Keavy Road, London Ky 40744

DIRECTIONS:  From Interstate 75 Exit 38 in London, Ky follow Highway 192 / By Pass East 1 mile and turn right / South onto Highway 363 / Keavy Road at Traffic Light #7.  Go 200 feet and turn left into Ford Brothers' London office parking lot.  Auction signs are posted.

PREVIEW:  Thursday, August 21st from 12:00 noon until 6:00 p.m. at Ford Brothers, London office located at 64 Keavy Road, London, Ky.

PAY / PICKUP:  Friday, Auguat 22nd from 10:00 a.m. until 6:00 p.m. at Ford Brothers, London office located at 64 Keavy Road, London, Ky.

Buyer's Premium:  A 10% Buyer's Premium will apply to all personal property

SECTION 1:

TERMS SPECIFIC TO GUN PURCHASES:

AGE REQUIREMENTS:

An individual who is at least 18 years of age may purchase firearms and ammunition for rifles or shotguns.  However, for firearms other than rifles and shotguns and ammunition for such other guns, the minimum age requirement is 21 years.

UNITED STATES CITIZEN REQUIREMENT:

A bidder must be a legal resident of the United States to bid on firearms.

SALES TO NON-KENTUCKY RESIDNETS: Out-of-state bidders of guns may bid on firearms so long as they comply with the laws of their state.  Ford Brothers, Inc. may conduct over-the-counter transactions of rifles or shotguns with non-residents who come to our Somerset, Kentucky office location and complete the correct paperwork and background check.  We WILL NOT make over-the-counter transactions of handguns (or any other firearm other than a shotgun or rifle) to a non-Kentucky resident.  However, Ford Brothers, Inc. may ship guns to another FFL in your state where that Licensee will take responsibility for transferring your firearm to you.  We cannot ship guns to individuals.

COST OF SHIPPING FIREARMS TO ANOTHER FFL:  The purchaser of firearms that must be shipped to another FFL is responsible for the cost of shipping and handling of those firearms.

FIREARMS TRANSACTION RECORD:

Individuals who hold the winning bid on guns will have to complete a Firearms Transaction Record Part I – Over-the-Counter form in the presence of Ford Brothers, Inc. staff at our 1406 South Highway 27, Somerset, Kentucky location and have a National Instant Criminal Background Check System (NICS) check performed over the telephone at same time before taking possession of those guns.  If you hold an active Carrying Concealed Deadly Weapons license, you will not need to complete a background check but will need to complete a Firearms

Transaction Record Part I – Over-the-Counter form as specified above.

RESPONSIBILITY OF PURCHASE & NICS BACKGROUND CHECK:

Make sure that you are eligible to own firearms before bidding. 

As an FFL, Ford Brothers, Inc. is required to stop the transaction of a firearm if information provided by the purchaser in the Firearms Transaction Record gives us reason to believe that a person is prohibited from the purchase of firearms.  In this case, we will stop the transaction process and NOT proceed with the NICS background check.  If the outcome of a bidder’s NICS background check does not allow us to proceed with the transfer of the firearm to that bidder, the bidder is still responsible for payment of the firearm which he/she was the high bidder on.  Again, make sure you are eligible to own firearms before bidding.

If a NICS background check results in a “Proceed” response, Ford Brothers, Inc. will transfer the firearm(s) directly to the person whom the NICS check was performed on.  Ford Brothers, Inc. WILL NOT give the firearm(s) to a spouse, relative, or any other individual. 

If a NICS background check results in a “Deny” response, the bidder will still be responsible for payment of their firearms purchase as outlined in the terms of this auction.  The NICS system is a descriptor-based name search and it is possible for purchasers to be erroneously denied.  We will provide a purchaser who feels he/she has been erroneously denied with information on the appeals process. 

* If a bidder is found ineligible to continue their firearm purchase, the gun will become the property of Ford Brothers, Inc.  Said firearm will be resold at a future date at Ford Brothers, Inc.’s discretion and the purchaser be refunded 75% of their original purchase price.

If a NICS background check results in a “Delay” response, the bidder will still be responsible for payment of their firearms purchase as outlined in the terms of this auction.  Again, the NICS system is a descriptor-based name search and sometimes time is needed to differentiate the true purchaser from other individuals with the same name, etc.  If no further response is received by Ford Brothers, Inc., the firearm may be transferred after 5 business days. 

STRAW PURCHASES:

Be advised that it is illegal to make a “straw purchase” of a firearm.  A straw purchase is when the actual buyer of a firearm uses another person to execute the paperwork necessary to purchase a firearm from an FFL.  If Ford Brothers, Inc. has reason to believe that a bidder has made a straw purchase, the bidder will be held responsible for payment of his/her bids and will NOT receive the firearm.

TERMS

BUYER'S PREMIUM:  There will be a 10% Buyer’s Premium added to the winning bid.  The sum of the winning bid plus the buyer’s premium will be the sales price.

Ford Brothers, Inc.  Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Online Auctions also have an auto extend feature.  If a bid is placed in the final 5 minutes of a particular catalog, the close of the catalog will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction has a catalog that is scheduled to close at 6:00 and a bid is received at 5:59, the close time will automatically extend 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame.

REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING

All property is sold in “AS IS” and “WHERE IS” condition.  ALL SALES ARE FINAL!  Bidder understands and agrees that no refunds, exchanges, adjustments, charge backs, etc., will be allowed.  Property is available for inspection at specified times and it is the bidder's responsibility to determine condition.  Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, charge back, etc.

All description information has been gathered from sources which we believe to be reliable but are not guaranteed.  Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc.  Auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary.

PAYMENT:  Payment will be due in full no later than Friday, August 22 at 6:00 p.m.  Any items not picked up by this time will automatically be charged to the credit card used at registration with a 3% processing fee.  At pickup you have the option to pay with cash, check or credit card (with processing fee).

ITEM PICK UP TIME:  All items must be paid for in full before being picked up. There will only be ONE pickup date Friday, August 22, 2014 from 10:00 a.m. to 6:00 p.m..  All items will be picked up at the London Ford Brothers Office located at 64 Keavy Road, Ste #3, London, Ky 40744.

PICK UP AND SHIPPING: Any and all logistics of removal including moving, packaging, loading, transportation, etc. are the sole responsibility of the purchaser.  Should packing and shipping services be required Ford Brothers will cooperate at the buyer’s expense.  Shipping will be available on this auction through the United States Postal Service with the flat rate shipping boxes, plus a handling fee of $5.00.  Insurance is offered through the Postal Service at the expense of the purchaser.

All purchased items must be removed by the deadline stated above.  Any items not removed by the deadline will, at Auctioneer's discretion, be discarded or resold with proceeds retained by Auctioneer.  There will be NO REFUND to the purchaser for these forfeited items.

SALES TAX:  Kentucky Sales Tax (6%) will be added to the sale price.  Dealers or other exempt parties must provide proper documentation to Auctioneer before bidding.

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.

Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.

Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

Ford Brothers, Inc., reserves the right to alter this agreement at any time.  This will take place by updating this site.  Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.

Auction company employees and/or auction company may bid on and purchase auction items.

BIDDER DEFAULT:   Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for Ford Brothers and all other MarkNet auctions.

If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify Auctioneer immediately.

For additional information, contact Ford Brothers, Inc. Auctioneers - Realtors at 1-800-526-9430

TIME IS OF THE ESSENCE in regard to all auction terms.