|PAYMENT PICKUP AND DELIVERY POLICY|
The price buyers pay is the amount at which the South Atlantic Auctions' auctioneer's hammer falls, also known as the hammer price. In addition to the hammer price, there is a buyer's premium. This buyer's premium is 15% percentage of the final hammer price) and value added taxes, (VAT) where applicable. Buyers are issued an invoice made out to the name and address on your Registration Form. The South Atlantic Auctions issued invoice itemizes the specific costs associated with the sale. In addition, full details of charges and rates can be found in the Conditions of Sale and Important Notices printed in each South Atlantic Auctions catalog. Please read both the Conditions of Sale and Important Notices, and if you have any questions, please do not hesitate to ask a consultant. We are happy to explain the information in further detail.
Methods of Payment
At South Atlantic Auctions, you pay for your items when you are ready to leave. South Atlantic Auctions accepts payment by Certified Check, Visa, MasterCard, and American Express when available. For Certified Checks, submit a Personal Check the day of the auction. On the next business day, the Personal Check must be replaced with a Certified Check.
If the sale price is $10,000 or more, you must fill out the IRS 8300 Form located at http://www.irs.gov/pub/irs-pdf/f8300.pdf. We also have these available for you at the auction site. The law requires any person engaged in a trade or business who receives more than $10,000 in cash in any one transaction, or two or more related transactions, to report the transaction to the IRS within 15 days of receipt of the cash on Form 8300. The law also requires that a properly filed Form 8300 contains the correct cash payer's name, address and tax identification number, as well as the amount of cash received and the date and nature of the transaction.
Pickup and Delivery
You can proceed to cashiers and pay and collect your item. When you buy an item at a South Atlantic Auction, you are responsible for it, particularly if it is outside our 30 mile driving radius policy. If so, you may need to be prepared to engage a Moving Service.
If you would like your item delivered and are within a 30 mile driving radius, South Atlantic Auctions will be happy to deliver your merchandise for a fee of $300. In unique cases, we will also deliver outside the 30 mile radius for a fee of $500. However, the rates may increase depending upon the distance.
In very special cases, South Atlantic Auctions will ship internationally via storage and/or custom clearance. The terms of the shipment are unique and will be handled on a case-by-case basis, when both parties agree upon shipping terms and once we have received your written dispatch instructions and full payment, including shipping costs.