The Levi Lathrop Estate
Payment Terms: Exact Cash only (no change will be given), Check, Visa & MasterCard on purchases to be picked up. 14% Buyer’s Premium on all items sold (4% discount will be given if payment is made by cash or good check). Please Make a Note in the “Notes to Auctioneer” screen if you would like to pay cash or check, if we are not notified. Please note: calling, emailing or any other form of communication WILL NOT guarantee the card on file will not be charged. If we are notified in this section, it will automatically be transferred to your invoice and therefore will not be charged. Once your card is charged, auction company will not refund the money to allow payment in the form of cash or check due to charges incurred during original payment processing.
IL Tax Law: Due to recent tax laws implemented but the state of Illinois, all auction companies are required to collect sales tax. Lawrence County sales tax of 7.25% will be collected on all items sold, regardless of price. Bidders who have valid a tax exempt certificate must present this certificate date of auction.
Declined Credit Card Procedure: If credit card on file is declined for any reason, a Parrott Auction crew member / representative will reach out to settle the outstanding invoice. If buyer fails to pay said invoice, buyer(s) will be permanently banned until $25 reinstatement fee is paid. Please note: if this happens outside of the 3 day “Last Chance Grace Period” you will also forfeiture your purchases.
Registration: All buyers must provide all information needed to register including a valid credit card number. Please Note: the address on the registration must match the mailing address on file with your credit card company. We will confirm all information is entered correctly prior accepting your bids.
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.
Invoice: All winning bidders will have an invoice emailed to the email address on file by following the close of the auction. This invoice will also include instructions for pickup date, time and location.
Preview: Parrott Auction Crew Members / representatives will be at Parrott Auction Center to administer preview on Thursday July 1st from 4 to 6 PM Central, (the “Preview Date”).
Failure to Pickup/Invoice: If buyer(s) fail to attend the scheduled pick and notified us of their preference to pay cash, we will automatically charge the card on file immediately following the scheduled pickup time, no exceptions.