After the Auction  

After the Auction

Invoicing

Invoices are sent via email within 24 hours after the conclusion of the auction, and a paper copy is mailed to you the next day. You may also review your invoice onsite if participating live.

Forms of Payment

Leslie Hindman Auctioneers accepts the following methods of payment:

We reserve the right not to release property until a check clears the bank.

Buyer’s Premium

Hammer Price and Buyer’s Premium
First Portion From Portion From
Bidding Option $0 – $100,000 $100,001 – $1,000,000 Over $1,000,001
In-house 25% 20% 12%
LHLive 26% 21% 13%
Bidsquare 26% 21% 13%

In addition to the hammer price, the buyer agrees to pay Leslie Hindman Auctioneers, Inc. a buyer’s premium and the applicable sales tax added to the final total. The buyer’s premium for purchases made in-house is twenty-five percent (25%) of the hammer price up to and including $100,000; twenty percent (20%) of any amount in excess of $100,000 up to and including $1,000,000; and twelve percent (12%) of any amount in excess of $1,000,000. The buyer’s premium for purchases made on Bidsquare and LHLive is twenty-six percent (26%) of the hammer price up to and including $100,000; twenty-one percent (21%) of any amount in excess of $100,000 up to and including $1,000,000; and thirteen percent (13%) of any amount in excess of $1,000,000.

When applicable, state and local sales taxes will be added to the hammer price and buyer’s premium. Sales tax will not be assessed for items shipped out of state by a licensed shipper or those with a copy of a current resale certificate on file at Leslie Hindman Auctioneers. Lots marked with an asterisk (*) are tax exempt as permitted by law. Please contact our Accounting department at 312.280.1212 to file a copy of your resale certificate.

Removal of Property

Unless other arrangements have been made, all property must be removed from our premises within the seven business days following an auction. Property not removed within seven business days will be subject to a storage fee as outlined in our Conditions of Sale. On non-auction days, we are open  for pick-ups Monday through Friday from 9 am – 5 pm. On auction days, we can only accommodate pickups for items in the occurring sale.

Shipping

Buyers assume full responsibility for the packing and shipping of lots won at auction. Our Recommended Shippers offer a wide variety of local, domestic, and international shipping options. As stated above, if a buyer has a purchase shipped out of state via a licensed shipper, applicable sales tax will be not be assessed.

In the interest of our clients, Leslie Hindman Auctioneers requires a written authorization from the buyer in order to release property to anyone other than the purchaser of record (including but not limited to our recommended shippers). You may submit the Shipping Release Form via fax to 312.280.1211 or email to shipping@lesliehindman.com.

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