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 Free bid
- Art. 7 Awarding of lots
- Art. 8 Payment and collection
- Art. 9. Warranties
Art.1 Definitions:
- GOBID INTERNATIONAL AUCTION GROUP SRL: Owner and manager of the online auction website http://www.gobid.it, with registered office in Milan, Via P.O. Vigliani, 19, VAT No. - Tax Code 09441470961, authorized for auction sales with License issued by the Police Commissioner of Milan no. 13/2008 of 9/04/2008.
- Gobid.it: Proprietary trademark registered by GOBID INTERNATIONAL AUCTION GROUP SRL
- www.gobid.it: The website managed by GOBID INTERNATIONAL AUCTION GROUP SRL for the sale of goods on commission
- Auction: Online sale of goods published on www.gobid.it
- Lot: Asset or group of assets available for sale in the Auction
- Registered user: User registered on www.gobid.it
- Registration for the auction: Authorization requested by the registered user to participate in the individual Auction
- Bidder Number: Identifier of the Registered user
- General Conditions: these terms and conditions
- Specific Conditions: Specific terms and conditions of the Auction
- Deposit: Amount to be paid for participation in the Auction, where indicated.
- Starting Price: Starting price of 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 Increase: Predefined amount to be added to the current price in order to place the bid.
- EXTRA-TIME: Extension of the auction duration for submitting further bids.
- Award: Declaration by GOBID INTERNATIONAL AUCTION GROUP SRL that a lot is sold to the highest bidder.
- Sale price: Amount of Award of the lot at the time the auction is deemed concluded
- Buyer's Premium: Percentage amount, calculated on the taxable base of the sale price declared in Award
2. Applicability:
These conditions apply to the use of the website www.gobid.it and, in particular, to the publication, the conduct of the Auction as well as to the terms and conditions of user participation.
2.2. Specific Conditions
These conditions apply unless otherwise indicated by the Specific Conditions of each individual AUCTION.
3 Publication of auctions
The auctions will be published on the website www.gobid.it with indication of the dates and the catalog of lots.
4. Conduct of the Auction
Each individual auction will be published on www.gobid.it with terms and conditions better indicated 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 possible objective and subjective issues arising from the use of an online auction conducted via the internet for which GOBID INTERNATIONAL AUCTION GROUP SRL cannot be held liable.
GOBID INTERNATIONAL AUCTION GROUP SRL is not liable for direct and/or indirect damage or liability except in cases of willful misconduct or gross negligence. Under no circumstances GOBID INTERNATIONAL AUCTION GROUP SRL is liable for: direct actions of the user that may cause damage or malfunction to the system, unavailability of display and/or use of www.gobid.it, unlawful use of www.gobid.it, any event after the conclusion of the auction.
Furthermore, for all matters not provided for in these general conditions, the provisions contained in the Terms of Use of the website www.gobid.it shall apply.
5 Participation in the auction
The registered user, in order to participate, is required to register for each individual AUCTION, expressly accepting its General Conditions and Specific Conditions.
The data entered by the user during registration on the site will be the same as those to which the award may be attributed.
All requested payments must be made by the parties registered for the individual auctions. Any powers of attorney or delegations may be considered subject to authorization from the Principal.
If a deposit is required to participate in the auction, the registered user will not be enabled to participate without prior authorization from GOBID INTERNATIONAL AUCTION GROUP SRL . Authorization will be given by GOBID INTERNATIONAL AUCTION GROUP SRL only upon receipt of the deposit. The methods of payment of the deposit, if any, will be indicated in the Specific Auction Conditions.
If auction participants do not win any asset, the deposit will be refunded within 20 business days from the final deadline of the auction, without interest.
In case of awarding one or more lots, the security deposit will be refunded after the buyer has arranged for collection of the goods purchased at auction, to settle any payments for additional services or to complete the purchase of the goods purchased at auction, with the handling of bureaucratic procedures required for the sale, subject to authorization provided by the Principal. In such case, the security deposit may be retained to cover any charges for occupation of spaces and areas attributable to the Procedure or other expenses, at the discretion of the Principal.
In case of payment of the security deposit by credit card and awarding of one or more lots by the user, the deposit will be collected into the current account of GOBID INTERNATIONAL AUCTION GROUP SRL , which will refund the amount so retained only after the user has arranged for collection or completed the purchase of the goods purchased at auction, with the handling of bureaucratic procedures required for the sale
The security deposit will be retained in case of non-compliance with the general payment terms of the awarded lots.
6. Submission of Bids
Purchase bids for lots may be made by the registered user, possibly authorized to participate, within each individual lot page on www.gobid.it.
Bids will always be subject to verification of correspondence with the indicated prices and bidding conditions. GOBID INTERNATIONAL AUCTION GROUP SRL reserves the right to cancel the bid if inconsistencies are detected with what is indicated in the General Conditions and Specific Conditions.
Bids may be of two types, static or dynamic (proxy bid):
A static bid is considered a fixed-price bid.
The maximum dynamic bid (proxy bid) is considered a dynamic-price bid for the lot, not visible to other users.
When the registered user places a static bid, it may be outbid by another user's bid. The user will then be required to place another static bid to win the lot.
If the registered user places a maximum bid (proxy bid), it will be considered valid until it is outbid by a bid from other users greater than the maximum bid. The automatic bids will be based on the indicated minimum values, aimed at exceeding the other bids submitted until reaching the entered amount.
Bids will be considered valid only if submitted within the auction period. If bids are received in the 5 minutes preceding the end of the auction, the time available to place other bids will be extended by the time value indicated in the Specific Conditions of each individual auction.
6.1. Free bid
In the case of an auction with free bid mode the user may bid the amount equal to the indicated amount or increase it by the recommended minimum increment using the appropriate sliders, or may directly type the amount they intend to bid.
Confirmed bids will be considered irrevocable.
When the registered user places a bid, it may be outbid by another user's bid. The user will then be required to place another static bid to be the highest bidder and compete for the award of the lot.
7. Award of lots
At the end of the auction, the preliminary phase for provisional award of lots will begin, lasting a maximum of 48 business hours, unless otherwise indicated in the specific conditions. At the end of the preliminary phase, the provisional award will be communicated to the highest bidder.
GOBID INTERNATIONAL AUCTION GROUP SRL reserves the right to suspend the auction or the award of lots even before the end of the auction, both at its sole discretion and if a suitable and confirmed bid is submitted.
The award is conditional upon actual receipt of the security deposit
In the event that the winning bidder does not pay the sale price within the established terms, the award will be made in favor of the next highest bidder.
Bids placed are binding and constitute a formal commitment to purchase. If the award to the highest bidder should lapse, it will be assigned, repeatedly, to the next highest bidder.
8. Payment and collection
The registered user who is the winning bidder of one or more lots is required to comply with the specific auction conditions, which will specify the terms for payment and collection and the relevant compensation clauses in the event of non-compliance with the aforementioned conditions.
In the event that payment of the amounts due is not completed within the established terms, the sale shall be automatically terminated and the security deposit shall be retained as a penalty, with consequent forfeiture of the award, in agreement with the principal. Any damage found following collection of the awarded lots shall be entirely borne by the buyer.
Collection operations must be carried out in compliance with the safety regulations established by law, under the responsibility of the buyer/winning bidder, who must provide accordingly, also with reference to any third parties and/or collaborators employed in the aforementioned operations.
The Agent declines all responsibility in this regard, as mere executor of an assignment aimed at the competitive sale of the goods relating to the Procedure.
In the case of export for customers outside the European Union, in compliance with Italian law, the Procedure Bodies may require payment of the VAT due on the awarded lots in order to avoid penalties for omitted VAT payment.
The amount will be retained until export has taken place and returned upon presentation of the relevant documents.
9. Warranties
GOBID INTERNATIONAL AUCTION GROUP SRL is not responsible for the total or partial correspondence of the descriptions of the lots present in the auction. For each auction, the specific Conditions will be published, detailing all information relating to the auction itself 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 conditions, general and specific, reference is made to the provisions of the Italian Code of Civil Procedure and the Italian Bankruptcy Code.
The lots are sold as seen and liked in the condition in which they are found.
Viewing of the lots in the auction is strongly recommended. GOBID INTERNATIONAL AUCTION GROUP SRL or the seller decline all responsibility for any errors, omissions, and inaccuracies in the photos, descriptions, quantities, and any other detail indicated in the lot catalogues; for this reason, viewing of the lots is strongly recommended in order to verify the actual condition of the goods in the auction.
No warranty is given by GOBID INTERNATIONAL AUCTION GROUP SRL or by the seller.
By accepting these conditions, the buyer indemnifies GOBID INTERNATIONAL AUCTION GROUP SRL and the seller from any warranty or third-party claim.
GOBID INTERNATIONAL AUCTION GROUP SRL is not liable for direct and/or indirect damages or liability except in cases of wilful misconduct or gross negligence.
Under no circumstances shall GOBID INTERNATIONAL AUCTION GROUP SRL be liable for: direct actions of the user that may cause damage or malfunction to the system, unavailability of display and/or use of www.gobid.it, unlawful use of www.gobid.it.
GOBID INTERNATIONAL AUCTION GROUP SRL may not, under any circumstances, be held liable for any system malfunctions that may in any way prejudice or delay the delivery of communications to the person who registers.
The competitive procedure may, at the discretion of GOBID INTERNATIONAL AUCTION GROUP SRL, in agreement with the Principal, be suspended and/or postponed both for technical connection problems to the system depending on server or network malfunctions, or at its unquestionable judgment for different reasons.
The recordings present in the log file generated by the system shall constitute full and exclusive evidence among all parties to this procedure, regarding the content and time of the documents/messages exchanged electronically. The parties who register declare and acknowledge that the system recordings constitute full evidence of the relationships between them. Such recordings are confidential and shall not be disclosed to third parties, except in the cases expressly provided for or by order of the Judicial Authority.
For all matters not provided for in these terms, the provisions contained in the terms of use of the website www.gobid.it shall apply.
In the event of any disputes arising relating to the interpretation of the provisions contained in the general and specific terms set out on the platform, possibly translated into other languages, the Italian version of the text shall prevail.
Where not specified, the times indicated in the specific terms and on the platform refer to the time zone indicated in the server time published on the site
