Smith Oil Field Equipment Auction

Please Note: This is a soft close auction meaning if an item is bid on within the last 2 minutes of the auction, the lot will automatically get extended for an additional 2 minutes.

See www.parrottauctions.com for the complete auction catalog or call our office for assistance!

Automatic Bidding: (Max Bid Feature): This online bidding option makes bidding convenient allowing you to enter the maximum bid amount that you are willing to bid on an item. We encourage the use of this feature as it automatically competitively increases your bid for you up to your max bid price. No more forgetting to increase your bids -or- trying to keep pace with our online auctions. Simply Place Once Bid And we’ll take care of the rest!

Payment Terms: Cash, Check, American Express, Visa & MasterCard. 14% Buyer’s Premium on all items sold (4% discount will be given if payment is made by cash or good check).

Declined Credit Card Procedure: If the credit card on file is declined for any reason, a Parrott Auction crew member/representative will reach out to settle the outstanding invoice. If the buyer fails to pay the said invoice, the buyer(s) will be permanently banned until the $25 reinstatement fee is paid.

Insufficient Funds Procedure: If a check is returned for any reason at all, a Parrott Auction crew member/representative will reach out to settle the outstanding invoice. If the buyer fails to pay the said invoice, the buyer(s) will be permanently banned until the $25 reinstatement fee is paid.

Soft Close: This is a soft close auction meaning two key points: 1) all items feature a stagger of 10 seconds between each lot ending. 6 items will close each minute 2) If an item is bid on within the last 2 minutes of the auction, the lot will automatically get extended for an additional 2 minutes. Additional time will continue to be added until no additional bids have been placed.

Absentee Bidder Form: Another bidding option is to attend one of the scheduled preview dates and complete our absentee bidder form, name, address, contact information, max bid you’re willing to place, along with credit card information will be required when completing this form. Please Note: There will be a $25 dollar charge for this service. This $25 fee covers the labor to fill out the absentee bidder form, register bidder, place bids, plus call you after the auction is over. Also, this is MAX bid only, we will not call you to update you on winning/outbid status. If you change your max bid, a second form and a second $25 charge will be required immediately. This is to discourage people from making 6 updated max bids via phone immediately prior to auction close.

Removal / Load Out: Parrott Auction Crew Members/representatives will be the auction location of 1532 N. 1675th Street, Flat Rock, IL 62427, to administer Load Out on Thursday, October 13th 12NOON – 6 PM Central, (the “Removal Dates”). Directions: Illinois Route 1 to Flat Rock, IL North turnoff, Continue approx. 2.35 Mi. to N. 1635th Street, follow blacktop South approx. 1.5 Mi. to auction location. Signs and full color, multi-page brochures posted. Address can be found by GPS as well.

Semi Box Trailer Removal: Please Note: This item will need to remain in place until the contents have been removed. Pickup to occur by Thursday, October 20^th, gravel base all the way around the item and located within 25 feet of the hard-surface road.