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Consignment Agreement: The consignor hereby appoints WOW Auction as agent to sell certain consigned items at an auction to be held on a date set by the company, subject to the following terms and conditions:*
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- 1) The Consignor warrants that it is the rightful owner of the consigned item(s) or is otherwise authorized to offer it/them for sale under this agreement.
- 2) The Consignor shall be solely responsible for the cost of transporting the consigned items to the place of the auction unless other arrangements have been made with the auction house.
- 3)WOW Auction is authorized to sell the consigned items in accordance with its usual terms and conditions of sale.
- 4) All consigned items are to be sold at public auction to the highest bidder without limit or reserve (unless otherwise specified in this agreement). The consignor warrants that all known defects have been disclosed to WOW Auction. The consignor, should they choose, to back an item with the WOW 48 hour Guarantee, agrees to be bound by the terms and conditions of that guarantee.
- 5) WOW Auction is authorized to sell items individually or in such groups as the company deems advantageous.
- 6) As compensation for its services in selling the consigned items, WOW Auction shall be entitled to a “Lotting Fee” of up to $3 per listing plus commission based on the auction sale prices, the ("Total Selling Price"). Such commission shall be 30% of the Total Selling Price for lots that sell for up to $250.00, 25% for lots that sell between $250.01 and $1,000.00, 20% for lots that sell between $1,000.01 and $5,000.00, 15% for lots that sell between $5,000.01 and $10,000.00 and 10% for lots that sell over $10,000.01, if delivered. If the consigned items are to be picked up by the winning bidder from a site other than our business premises (otherwise knowns as an “Off-Site” Auction) the commission shall be 50% of the Total Selling Price. If WOW Auction facilitates the completion of services such as packing, moving, cleaning, donating and/or dumping items, they shall be entitled to an hourly rate of $100/140/175 per hour for 2/3/4 workers, a 40% commission rate and up to a $3 lotting fee. Any landfill dumping expenses will be billed to the Consignor all well. Boxes, Packing in addition to Transportation within 50 miles round-trip are complimentary & .50 per mile thereafter. When WOW Auction facilitates any moving or clean-out services, there will be no up-front charges and any compensation owed will be taken from commissioned sales.
- 7) Payment Terms: Within ten (10) business days after the sale the consigned items, WOW Auction shall transmit to the Consignor:
- 7a) a Consignor Settlement Report listing items and/or lots sold and prices received
- 7b) a settlement check for the net proceeds payable to the Consignor
- 8) Payment of any liens or encumbrances on consigned goods is the Consignor's responsibility. However, should the sales proceeds be subject to any legal proceedings or attachment, WOW Auction may hold the proceeds until it receives proper authorization to release the funds.
- 9) WOW Auction is authorized to reject or to dispose of, prior to auction or thereafter, any items deemed by WOW Auction to not be saleable. Consigned items that did not sell will, at the Consignor’s direction, be donated or picked up by Monday following the auction. Items not picked up by that time, become the property of WOW Auction.
- 10) WOW Auction is acting only as an agent of the consignor for the sale of consigned items. Accordingly, the consignor agrees to hold WOW Auction or any hired company by WOW Auction harmless from all liability and related expense arising out of shipping and handling damages, public damages, or theft in addition to any acts, errors, or omissions on the part of the consignor.
- 11) Cancellation - In the event of any cancellation of this auction by the Consignor (direct or indirect) WOW Auction shall be reimbursed the full contract commission as established by an independent appraisal, plus all cost involved for advertising retractions, promotion, out of pocket expenditures, labor, etc., also attorney fees and court cost if necessary.
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By signing above you agree to the Consignment Agreement AND the WOW Conditions of Sale
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Wholesale Online Warehouse is SWFL's premier online auction house and discount store

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Friday 10AM - 4PM
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Address: 11478 Charlies Terrace Fort Myers, FL 33907

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