RULES AND PROCEDURES -
1. Ruidoso Surplus Auction will be conducted starting at 10 a.m. on Saturday, September 26 at School House Park, 501 Sudderth Drive.
2. Items can be previewed at School House Park between 10 a.m. and 5 p.m. on Friday, September 25.
3. All auction purchases are subject to a five-percent (5%) Buyer’s Premium added to the total purchase price plus retail sales tax.
4. All bidders must register with the auction accounting department in order to bid on items. Registration will begin on Friday, September 25.
5. Bidders will be given a number to use during the auction when they register. The number will be associated with an individual’s bidding.
6. Everything in the auction is sold AS IS, WHERE IS with no guarantees of any kind. Buyers are urged to inspect all items before bidding.
7. All purchases in the auction must be paid for SAME DAY regardless of when the items are removed from School House Park.
8. For any items over $5,000, the Village of Ruidoso may offer buyers the opportunity to make payment on items by end of business on Monday, September 28 at village office located at 313 Cree Meadows Drive, Ruidoso.
9. For payments of $5,000 or over, the village of Ruidoso will require a bank letter that indicates buyer has sufficient funds.
10. All Titles will be transferred upon payment of items and check clearing a bank. The Village of Ruidoso is responsible for transferring all titles of ownership and payment must be finalized before new owner takes possession of any item.
11. All sales are final and decisions regarding the purchase of items will be made by Village of Ruidoso and Keithley Auctions, LLC.
10. Telephone and Advance Bidding: Telephone or Advance Bids can be accepted by the auctioneer during the auction process. If you are requesting to bid on items by telephone, you must pre-register and provide a telephone number that the auction staff can contact you when a particular item is being sold. While every effort will be made by auction staff to help bidders participate in the live auction process via telephone, no guarantees of bid acceptance is implied.
11. The Village of Ruidoso is responsible for the accounting of the auction and accepts payment in the form of credit card of cashier’s check. Cash will be accepted for any payment of less than $5,000. Personal checks written for over $5,000 must include a bank letter.
12. For items that are being sold by photograph and not actually on the auction grounds, pick-ups can be scheduled with the Village of Ruidoso by scheduling a time for pick-up during regular business hours. The telephone number is 575-258-4343.
13. Keithley Auctions is not responsible for any damage of auction property that may occur following the sale of the item. All sales are final and occur at the time the auctioneer indicates the item has been sold. A “back-up” bid will be noted by the auctioneer for any reason that the successful bidder is unable to purchase any item for any reason.
14. Buyers will have thirty (30) days to pick-up any items that have been sold and are not on the auction grounds.
15. Any item that is being offered may be withdrawn from the auction by the auctioneer before the time of sale. The auctioneer will attempt to make a public announcement in advance if any item is being withdrawn.
16. Additional rules may be announced at the time of sale and take precedent over written rules. All decisions concerning the auction that are made by Keithley Auctions LLC are final.