Placing a bid on your own item
Vendor agrees that neither he or she nor his/her representative will bid on items under the agreement. If a Vendor wins their own item/s, the vendor will be liable to pay the agreed Vendors Commission, Listing fee/s and the Buyer’s Premium as outlined in the Users Terms & Conditions and the item/s is to be collected and removed from ALLBIDS Auctions within the designated time frame in the Users Terms and Conditions. Vendor agrees not to withdraw any property subject to this agreement unless agreed to by ALLBIDS Auctions and the payment of all charges,
costs, and the commission (both the buyer’s premium and Vendor’s fees) due if the item has been sold.
The vendor of the items may place one bid on the items they put to auction on the day of closing. The vendor bid must be disclosed to ALLBIDS and will only be allowed if approved by ALLBIDS in the event that the level of the auction is substantially below an agreed liquidation value.