GENERAL TERMS AND CONDITIONS
Table of Contents:
- Art. 1 Definitions
- Art. 2. Applicability:
- 2.2. Specific Conditions
- Art. 3 Publication of auctions
- Art. 4 Conduct of the Auction
- Art. 5 Participation in the auction
- Art. 6. Submission of Bids
- Art 6.1 Open bid
- Art. 7 Awarding of lots
- Art. 8 Payment and collection
- Art. 9. Warranties
Art.1 Definitions:
- GOBID INTERNATIONAL AUCTION GROUP SRL: Owner and operator of the online auction website http://www.gobid.it, headquartered in Milan, Via P.O. Vigliani, 19, VAT No. - Tax Code 09441470961, authorized to conduct auctions under License No. 13/2008 issued by the Milan Police Commissioner on 9/04/2008.
- Gobid.it: Registered trademark owned by GOBID INTERNATIONAL AUCTION GROUP SRL
- www.gobid.it: The website operated by GOBID INTERNATIONAL AUCTION GROUP SRL for the sale of goods on consignment
- Auction: Online sale of goods published on www.gobid.it
- Lot: An item or group of items available for sale in an Auction
- Registered User: A user registered on www.gobid.it
- Auction Registration: Authorization requested by the registered user to participate in an individual Auction
- Bidder Number: Identifier of the Registered User
- General Conditions: these terms and conditions
- Specific Conditions: Terms and conditions specific to the Auction
- Deposit: Amount payable to participate in the Auction, where specified.
- Starting Price: Starting price of the individual lots
- Reserve Price: Minimum price, the achievement of which authorizes the sale of the lot
- Current Price: Current price of the Lot
- Single Bid: amount entered by the user to increase the current price of the lot
- Maximum Bid: (proxy bid) Maximum amount the user intends to pay for the lot
- Minimum Bid Increment: Predetermined amount that must be added to the current price in order to place a bid.
- EXTRA-TIME: Period by which the auction duration is extended to allow further bids to be submitted.
- Award: Declaration by GOBID INTERNATIONAL AUCTION GROUP SRL that a lot is sold to the highest bidder.
- Sale price: The amount of the Award for the lot at the time the auction is deemed concluded
- Buyer's Premium: A percentage amount calculated on the taxable amount of the sale price declared in the Award
2. Applicability:
These terms apply to the use of the website www.gobid.it and, in particular, to the publication and conduct of the Auction, as well as to the terms and conditions governing user participation.
2.2. Specific Conditions
These terms apply unless otherwise specified in the Specific Conditions of each individual AUCTION.
3 Publication of auctions
Auctions will be published on the website www.gobid.it, indicating the dates on which they will take place and the catalogue of lots.
4. Conduct of the Auction
Each individual auction will be published on www.gobid.it with the terms and conditions set out in greater detail in the Specific Conditions. GOBID INTERNATIONAL AUCTION GROUP SRL reserves the right to cancel, extend or interrupt the auction at its sole discretion.
The registered user is aware of the possible objective and subjective issues arising from the use of an online auction conducted over the internet, for which GOBID INTERNATIONAL AUCTION GROUP SRL cannot be held liable.
GOBID INTERNATIONAL AUCTION GROUP SRL shall not be liable for direct and/or indirect damage or liability, except in cases of wilful misconduct or gross negligence on its part. Under no circumstances shall GOBID INTERNATIONAL AUCTION GROUP SRL be liable for: actions directly taken by the user that may cause damage to or malfunction of the system, the unavailability of www.gobid.it for viewing and/or use, unlawful use of www.gobid.it, or any event occurring after the conclusion of the auction.
Furthermore, for all matters not covered by these general terms, the provisions contained in the Terms of Use of the website www.gobid.it shall apply.
5 Participation in the auction
To participate, the registered user must register for each individual AUCTION and expressly accept its General Conditions and Specific Conditions.
The details entered by the user during registration on the website will be the same details to which the award may be attributed.
All required payments must be made by the parties registered for the individual auctions. Any powers of attorney or authorisations may be considered subject to the Principal's approval.
Where a deposit is required to participate in the auction, the registered user will not be authorized to participate without prior approval from GOBID INTERNATIONAL AUCTION GROUP SRL . Authorization will be granted by GOBID INTERNATIONAL AUCTION GROUP SRL only after the deposit has been received. The payment methods for the deposit, where applicable, will be indicated in the auction's Special Conditions.
If auction participants do not win any items, the security deposit will be refunded within 20 business days of the auction's closing date, without interest.
If one or more lots are awarded, the security deposit will be refunded after the buyer has collected the items purchased at auction, settled any payments for additional services, or completed the purchase of the items bought at auction, including the completion of the administrative procedures required for the sale, subject to authorization from the Principal. In such cases, the security deposit may be retained to cover any charges for the occupation of spaces and areas related to the Proceedings, or other expenses, at the Principal's discretion.
If the security deposit is paid by credit card and the user wins one or more lots, the deposit will be charged to the account of GOBID INTERNATIONAL AUCTION GROUP SRL , which will refund the amount withheld only after the user has collected the items or completed the purchase of the items bought at auction, including the completion of the administrative procedures required for the sale
The security deposit will be retained if the general payment deadlines for the lots won are not met.
6. Submission of Bids
Registered users, who may be authorized to participate, may submit bids to purchase lots through the page for each individual lot on www.gobid.it.
Bids will always be subject to verification that they comply with the indicated prices and bidding increments. GOBID INTERNATIONAL AUCTION GROUP SRL reserves the right to cancel a bid if any discrepancies with the General Terms and Special Conditions are identified.
Bids may be of two types: static or dynamic (proxy bid):
A static bid is considered a fixed-price bid.
A maximum dynamic bid (proxy bid) is considered a dynamic-price bid for the lot and is not visible to other users.
When a registered user places a static bid, it may be outbid by another user. The user must then place another static bid to win the lot.
If a registered user places a maximum bid (proxy bid), it will remain valid until it is outbid by another user's bid that exceeds the maximum bid. Bids will be placed automatically, based on the minimum increments indicated, to outbid other bids until the entered amount is reached.
Bids will be considered valid only if submitted during the auction. If bids are received in the 5 minutes before the auction closes, the time allowed for placing further bids will be extended by the period specified in the Special Conditions for each auction.
6.1. Open bidding
In an auction with an open-bidding format, the user may bid the amount indicated or increase it by the recommended minimum increment using the relevant controls, or enter the amount they wish to bid directly.
Confirmed bids will be considered irrevocable.
When a registered user places a bid, it may be outbid by another user. The user must then place another static bid to become the highest bidder and compete to win the lot.
7. Awarding of Lots
At the end of the auction, the review phase for the provisional award of the lots will begin and will last a maximum of 48 business hours, unless otherwise specified in the Special Conditions. At the end of the review phase, the highest bidder will be notified of the provisional award.
GOBID INTERNATIONAL AUCTION GROUP SRL reserves the right to suspend the auction or the award of lots even before the auction ends, at its sole discretion or if a suitable and confirmed bid is submitted.
The award is subject to receipt of the security deposit
If the successful bidder fails to pay the purchase price within the established deadlines, the award will be made to the next highest bidder.
Bids placed are binding and constitute a formal commitment to purchase. If the award to the highest bidder is revoked, it will be assigned successively to the next highest bidder.
8. Payment and collection
A registered user who is the successful bidder for one or more lots must comply with the specific auction conditions, which will specify the payment and collection deadlines and the relevant compensation clauses in the event of non-compliance with those conditions.
If payment of the amounts due is not completed within the established deadlines, the sale will be automatically terminated and the security deposit will be retained as a compensatory penalty, with the consequent revocation of the award,in agreement with the principal. Any damage found after collection of the awarded lots shall be entirely at the buyer's expense.
Collection operations must be carried out in compliance with the safety regulations prescribed by law, under the responsibility of the buyer/successful bidder, who must ensure compliance in this regard, including with respect to any third parties and/or personnel engaged in the aforementioned operations.
The Agent accepts no liability in this regard, as it is merely carrying out an assignment aimed at the competitive sale of the assets relating to the Proceedings.
For exports by customers outside the European Union, in accordance with Italian law, the bodies responsible for the Proceedings may require payment of the VAT due on the awarded lots in order to avoid penalties for failure to pay VAT.
The amount will be withheld until the goods have been exported and refunded upon submission of the relevant documents.
9. Warranties
GOBID INTERNATIONAL AUCTION GROUP SRL is not responsible for any discrepancies or partial discrepancies in the descriptions of the lots offered at auction. The specific conditions for each auction will be published and will contain detailed information about the auction and the lots.
Furthermore, for anything not provided for in these general conditions, the provisions contained in the Terms of Use of the website www.gobid.it shall apply.
For anything not expressly provided for in these general and specific conditions, reference is made to the provisions of the Italian Code of Civil Procedure and the Italian Business Crisis and Insolvency Code.
Lots are sold as seen and approved, in their current condition.
Inspection of the lots offered at auction is strongly recommended. GOBID INTERNATIONAL AUCTION GROUP SRL or the seller accepts no liability for any errors, omissions or inaccuracies in the photographs, descriptions, quantities or any other details indicated in the lot catalogues; for this reason, inspection of the lots is strongly recommended in order to verify the actual condition of the goods offered at auction.
No warranty is given by GOBID INTERNATIONAL AUCTION GROUP SRL or the seller.
By accepting these conditions, the buyer releases GOBID INTERNATIONAL AUCTION GROUP SRL and the seller from any warranty or third-party claim.
GOBID INTERNATIONAL AUCTION GROUP SRL shall not be liable for direct and/or indirect damages, except in cases of wilful misconduct or gross negligence on its part.
Under no circumstances shall GOBID INTERNATIONAL AUCTION GROUP SRL be liable for: actions taken directly by the user that may cause damage or malfunction to the system; unavailability of access to and/or use of www.gobid.it; or unlawful use of www.gobid.it.
In no event shall GOBID INTERNATIONAL AUCTION GROUP SRL be held liable for any system malfunctions that may in any way jeopardize or delay the delivery of communications to the person who registers.
At the discretion of GOBID INTERNATIONAL AUCTION GROUP SRL, and in agreement with the Principal, the competitive sale may be suspended and/or postponed due to technical connection problems with the system caused by server or network malfunctions, or, at its sole discretion, for other reasons.
The system records contained in the log file generated by the system shall constitute full and exclusive evidence among all parties to these proceedings as regards the content and timing of documents/messages exchanged electronically. Users who register declare and acknowledge that system records constitute full evidence of the relations between them. Such records are confidential and will not be disclosed to third parties, except in cases expressly provided for or by order of the Judicial Authority.
For all matters not covered by these terms and conditions, the provisions contained in the terms of use of the website www.gobid.it shall apply.
In the event of any disputes concerning the interpretation of the provisions contained in the general and specific terms and conditions displayed on the platform, which may have been translated into other languages, the Italian version of the text shall prevail.
Unless otherwise specified, the times indicated in the specific terms and conditions and on the platform refer to the time zone indicated by the server time published on the website
