EXCEEDING EXPECTATIONS NATIONWIDE

EXCEEDING EXPECTATIONS NATIONWIDE

7,134 sf AUSTIN MANSION & ANTIQUES in Effingham, IL ABSOLUTE!

by Aumann Auctions, Inc.

When

Nov 06, 2013 - Wed Nov. 6 Real Estate Ends at 7 PM & Antiques End at 8 PM Central

Where

8 Bd/8 Ba Stately Home or B&B Opportunity SET YOUR OWN PRICE!
1007 S. Fourth Street
Effingham, IL 62401
Convenient Online Bidding OPEN NOW!

How

Online Only Auction

Notes

ABSOLUTELY SELLING WITH NO RESERVE! This historic gem has been fully restored - inside and out. It's as beautiful as any home you have paid to tour and not only can you own it - you can set your own price with Convenient Online Bidding. Do not miss the photos, the list of improvements and the historical information for this property. Join us on Sundays, Oct. 27 & Nov. 3 from 2 - 4 PM for an Open House and inspection.

Share this Auction

Conducted By

Aumann Auctions, Inc.

20114 Illinois Route 16
Nokomis, IL 62075

1-888-282-8648

http://www.aumannauctions.com

Ending Time

Nov 6, 2013 7:00 PM

Ending Time

Nov 6, 2013 8:00 PM

Contact the Auctioneer

20114 Illinois Route 16
Nokomis, IL 62075
1-888-282-8648

Auction Listing

 

ABSOLUTE AUCTION

HISTORIC HOME & ANTIQUES

Wednesday, November 6, 2013 at 7:00 PM

Everything - Even The Mansion 

Selling Regardless of Price!

with Convenient Online-Only Bidding OPEN NOW!

JUST CLICK THE RED "VIEW BIDS" TAB TO START

ca 1892; the Austin Mansion

I don't know if we've ever sold a home so unique; a home with so much history and amazing architectural features.  It has been an honor to represent these Sellers and offer at Absolute Auction this magnificent home, The Austin Mansion.  It was difficult to choose these few brief stats and although there are over 300 photographs attached, paring them down to these "few" and organizing them was also quite a job.  Take a few minutes and look through the information, photos, read the history under the "FILES" tab; then get another cup of coffee and look through them again - this, ladies and gentlemen, THIS is an opportunity that will never come along again.

*View "TERMS" above for complete information - only $25,000 earnest money deposit, then close within 30 days like any other real estate purchase.*

 Consider this your invitation to join us

Sundays, Oct 27 & Nov 3  

from 2 - 4 PM for a tour

 

BELOW ARE A FEW IMPORTANT FEATURES - Quick Stats 

  • 1892 Queen Anne Victorian with brick & brownstone from NY and Virginia
  • Excluding basement and attic, the home is 7134 sq feet on a 1.2 acre lot (9 city lots) at 55,474 sq feet
  • Wraparound porch, portico, walk-out balcony, covered arched porches, sun deck, sunroom addition
  • 3 car brick arched garage and storage, full basement 
  • Brick stamped and stained sidewalks, concrete driveways and parking 
  • 8 B&B guest rooms with adjoining bathrooms PLUS two 1/2 baths
  • 12 ft ceilings, gorgeous molding, woodwork and ceilings
  • Curved, stained and beveled glass everywhere!
  • Hardwood, parquet flooring, marble, carpeted floors
  • Furniture quality wainscoting, plantation shutters, fluted columns, berries and leaves carved stairway post, embroidered silk drapes 
  • All rooms with individual zoned thermostats, commercial sprinkler system
  • 7 fireplaces – 3 active gas, 3 piped for gas, 1 faux
  • 6 antique carved fireplace mantles – 4 have original antique tile, 2 with new marble surround, the 7th with cast iron gas stove
  • Viking appliances: 48" range, vent hood, dishwasher
  • Gourmet Kitchens: granite countertops, fabulous fixtures and cabinetry
  • Butler's kitchen with elegant built in lighted cabinets, 3rd floor kitchenette
  • Cedar lined master walk-in closet, magazine quality master bath 
  • Porches/Decks - wrap around front porch with drive-thru portico, arched brick covered south porch, 3rd floor south balcony, and rear sun deck
  • No maintenance handicap entrance and porch ceilings
  • Gazebo, established trees, Victorian garden, 800 ft picket fencing
  • Security system, driveway monitors, commercial internal sprinkler system, wired for broadband access, cable and phones in guest rooms 
  • Property is adjacent to historic 1880’s Bliss Park on Cobblestone Street
  • Home was featured on HGTV’s “If Walls Could Talk” – 2007 Oct and “This Old House” magazine – 2001 Nov
  • Home has a rich history including being the main building of the “Illinois College of Photography” from 1900 until 1931. This was the first international photography college of its kind in the world.  There were students from every state in the US, every province in Canada, and 52 foreign countries.

It is now time for a new chapter to be written in this history book for this grand home.   It could be a splendid residence with all renovating of the past glory and updating to the very best the modern world has to offer at a combined cost of over $1.5M and years of work – it is ready for you and just in time for Christmas.

*But if you have commercial interests & needs, Austin Mansion is also ready for:

  • A Fabulous 8 bedroom Bed and Breakfast
  • Easily Converted to luxury apartments
  • Would make an elegant restaurant
  • Upscale office complex – with luxury living upstairs
  • Church facility – Imagine the weddings!
  • Reception or Banquet Hall
  • Medical or law office
  • Photography studio
  • Private club facility
  • School or educational building
  • Funeral Home

​* Please note:  The zoning information and current allowed usage is in the "Files" section.  Please click on that tab to see the currently zoned usage definitions and descriptions.  Not all of the above are currently zoned for this property - any zoning changes would be up to the new owner.

RESTORATIONS AND IMPROVEMENTS:  The list is 5 pages long and with nearly $1.5M spent and decades of time and untold energy spent bringing this historic treasure to the move-in condition of today.  Everything - EVERYTHING - has been done for you. and BEAUTIFULLY done, at that.

Take a look for yourself! Click on the pictures below to view some groups of the featured photos.  There are even more in the "Photos" tab at left.

      

      

      

      

Floor Plans are available to view in the Files section or by clicking here.

PROPERTY DESCRIPTION:  On the only remaining cobblestone street in Effingham, IL, adjacent to the historic 1880’s Bliss Park and just blocks from historic downtown with its quaint shops stands a 3 story 7,134sf Queen Anne Victorian mansion behind a white picket fence on a manicured 1.2 acre lot.  The best and most beautiful of the 1892 home has been lovingly preserved; the conveniences and modernizations have all been added.  Everywhere you look is the very best of both – and here is the part everyone is looking for:  IT HAS ALL BEEN DONE FOR YOU.  This preserved jewel of a home was featured on HGTV’s “If These Walls Could Talk” in Oct. 2007 and in This Old House” magazine in Nov. 2001.      

Not only are we offering the unique perfection of the old bones of the home: 7,134sf (not including full basement and attic), 8 bedrooms, 8 full bathrooms, 2 half bathrooms, 7 fireplaces, antique carved mantles, 12 ft ceilings, hardwood and marble floors, some inlaid flooring, ornate hand carved wood work, curved glass windows in turrets, stained glass, ceiling medallions, wainscoting, thick crown molding, 11” base boards, fluted casing, rosettes throughout,  huge pocket doors with oak on one side and cherry on the other, beveled transoms, furniture quality wood paneling, wrap-around porch, walk out balconies, drive through portico– the list just does not stop…

Then add the newer features:  Viking appliances and granite countertops in both gourmet kitchens, incredible built-in china cabinet in Butler's Kitchen (Wait, did she say "Butler's Kitchen"?  Yes.  Yes she did.), Much of it stainless steel and brushed nickel, zoned heating and cooling system with individual room thermostats, sunroom addition with extra tall vaulted ceiling and sundeck in rear, all updated baths, newer carpets, period style ceiling tiles, plantation shutters, updated plumbing – wiring – 4 AC units – 4 furnaces with bypass systems –  water heaters and recirculation system - insulation – security – roofing – commercial sprinkler system – wired for broadband access – 3rd floor guest lounge/game room with kitchenette including cherry cabinetry – everything – EVERYTHING has been done.

Wait, we haven’t even gotten outside yet – I will get to the grounds and the gardens next, but first…. The gorgeous gingerbread detailed gazebo with ceiling fan and lights, stamped and stained brick sidewalks all the way around, 3 car brick garage and attic, deep porches and brick arches,  handicap access ramp, 2 iron horse head hitching posts, porch finials, 1800’s brass door knocker, concrete porch floors, maintenance free porch ceiling, 800 feet of white stained 4’high wood picket fencing, new guttering, concrete driveways and ample commercial parking, original raised sunburst, basement walk-out door, frost-proof faucets, numerous outdoor electrical outlets – that brings me to the grounds and the gardens:

Under the huge, stately oaks there are beautiful carpets of manicured lawns swirling around the magazine-quality, brick lined flower gardens and mature shrubs.  Walk through the arbor, to the Victorian garden surrounded by maintenance free white picket fencing.  It doesn’t matter the time of year, the grounds are spectacular.  The house looks just as inviting dusted with snow and twinkling with Christmas lights as it does with roses and hydrangeas blooming. 

People who appreciate incredible, century-old architectural details that cannot be replicated today with all of our modern tools and technology sometimes dream of living in a home like the ones they pay to tour – to return to the graciousness of a turn of the century mansion and dream of living a life with the best of both but few feel they can handle the project on their own.  But at 1007 South 4th Street in Effingham, IL on 9 city lots it has all been done for you, inside and out; bringing it to the perfectly inspired blend of the historical and the modern convenience by families with a passion for preservation of a rich piece of Effingham, Illinois history and all you need to do is set your own price and move in.  The property is ready for anything; with a bathroom for every bedroom and then some, it could be a bed and breakfast, apartments, an office building, or your new/old fabulous home.  P. S.  Christmas is going to be GREAT this year!! 

HISTORY:  Please don't miss the complete history in the "FILES" section, which includes an outline of the history of this property, photographs of the home - inside and out - over a century old, cabinet cards/picture postcards, photos of previous owners, and other memories that the previous owners have spent decades compiling.  Because this home was a School of Photography in the very early 1900's, there are many photos of the property.  On the walls in the mansion are framed copies of dozens of photos of the property, photos of members of the original Austin family who built the home, multiple photos of the school of photography days, and photos and a caricature of Lewis Bissell, the owner and president of the Illinois College of Photography, that will stay with the house for the new owner.  

PHOTOS:  There are so many pictures that we had to organize the photos in a way that would not be overwhelming.  We've separated the rooms by floors and have icons to represent each group of photos.  Please, take the time to look through them.  Personally, I saw the photos before I visited the house and thought it could never look as good as these photos.  Now, I can honestly tell you, the home itself is much more beautiful than these pictures can show.

IMPORTANT! 

We Are Also Selling

PERSONAL PROPERTY & ANTIQUES 

WITH CONVENIENT

ONLINE-ONLY BIDDING

Ending 8PM on WED. NOV. 6

See the photos and bid by click 

"VIEW BIDS" tab

Real estate property tax information is under the "Files" section tab.  Please click on that link to view the Effingham County Real Estate Tax bill for 2012.

NEW INFO:  We have been asked several questions about the process for payment of the real estate.  The complete terms are under the tab at the top marked "TERMS".  But, basically, the winning bidder would be emailed a contract to print, sign and return by fax or email (or in person) by noon the next day and also provide a $25,000 earnest money deposit that will be held in escrow of the closing agent until closing.  Closing would be within 30 days and be just like any other closing.  2013 taxes would be paid by the Seller up until the date of closing (which would be almost all of 2013).  The process is really just like a traditional brokerage transaction except for the process of the Buyer being able to set their own price.

NEW INFO:  We have been asked about the utilities, unfortunately, we don't have a clear cut answer for that because this is not your usual home and there are so many variables, but will pass on what we do know:  All of the bedrooms are zoned individually for heat and cooling (the house was set up to be a B&B).  Also, entire floors can be closed off.  The current sellers had a small family and never ran it as a B&B.  They kept most of if closed off so any utility amounts I quote will be low.  However, the owners previous to the current Sellers have said their average utility bill when they ran it as a B&B for all 3 floors was $669.00 per month - that was almost 10 years ago.  Since there is no way to know how many rooms or entire floors the new owners will use or close off - we are not able to quote utility amounts the new owners can expect.  We are certainly not wanting to be vague, but we just do not have the utility information.  I just received the following from the Sellers this morning, Nov. 3:

"Right now the combined heating and cooling Ameren bill averages about $250/month.  We run AC in the Summer, in addition to Winter heating. We maintain heating and cooling year round,  to properly preserve and maintain the sprinkler/piping and woodwork."

REAL ESTATE Online-Only Auction Terms:

PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY
PROPERTY.

IF YOU HAVE NOT READ AND UNDERSTAND TERMS, PLEASE DO NOT BID

BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY
UNDER THE FOLLOWING TERMS AND CONDITIONS:

UPON CONCLUSION OF THE AUCTION:
The Winning Bidder will receive a Real Estate Contract by email and be required to print and fully and correctly complete and properly sign the Real Estate contract without any modifications and pay the specified non-refundable earnest money deposit as stated in the property description by 12:00 Noon of the following day or the Buyer(s) may come to Aumann Auctions, Inc. Gallery at 20114 IL Rt. 16, Nokomis, IL 62075 before noon and sign the Sales Contract there. The earnest money deposit for this property is $25,000 and is payable by check or wire transfer. Wire transfer information will be provided to the winning bidder along with the Sales Contract. This $25,000.00 non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property. Successful bidder not executing the contract and providing the earnest money deposit after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and Aumann Auctions, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with Aumann Auctions, Inc. and in such an event, the Buyer shall be liable
for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and Aumann Auctions, Inc. In addition, Aumann
Auctions, Inc. also reserves the right to recover any damages separately from the breach of the Buyer.

Both the Successful Bidder and Seller shall indemnify Aumann Auction, Inc. for and hold harmless Aumann Auctions, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Aumann Auctions, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.

• BUYER’S PREMIUM:
A 10% Buyer’s Premium will be added to the winning bid to determine the total purchase price of the property.

• DATE OF CLOSING:
The closing will take place within 30 days from the date of the auction and as specified in the Contract for Sale of Real Estate. All taxes will be prorated to the day of closing.

• NO CONTINGENCIES:
This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.

• TITLE:
Buyer is entitled to and the Seller will provide clear, insurable title for property upon full payment.

• ZONING AND EASEMENTS:
Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.

• AERIAL PHOTOS, IMAGES AND DRAWINGS:
are for illustration purposes only and not surveyed boundary lines unless specified.

• AGENCY: Aumann Auctions, Inc. is the Agent and Representative of the Seller.

• CONDITION OF PROPERTY:
Property is sold 'AS IS, WHERE IS' condition neither Aumann Auctions, Inc, the Sellers nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Open House/Inspection times have been provided and each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Aumann
Auctions, Inc. or their Agents or Representatives. Buyer and or Bidder agrees to hold harmless and indemnify Aumann Auctions, Inc. and their Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.

• DISCLAIMER:
All information included herein was derived from sources believed to be correct, but is not guaranteed.

NEW DATA, CORRECTIONS, and CHANGES:
Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

• DISPUTES:
Any dispute between Aumann Auctions, Inc or the Sellers or their Agents or Representatives and the Buyer(s) will be (a) arbitrated in Montgomery County, IL or (b) tried in a court of jurisdiction in Montgomery County, Illinois at the discretion of both the Seller and Aumann Auctions, Inc.

• CONDUCT OF THE AUCTION:
Conduct of the auction and increments of bidding are at the direction and discretion of Aumann Auctions, Inc. Aumann Auctions, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Aumann Auctions are final.

YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND AUMANN AUCTIONS, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.

BIDDING/REGISTRATION INFORMATION

CREDIT CARD FOR BIDDER VERIFICATION:
The entry of your credit card information is for identification purposes. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Aumann Auctions, Inc. will reject the registration, and bidding activity will be terminated.

The Seller and Aumann Auctions, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc.

Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to Aumann Auctions, Inc, then Aumann Auctions, Inc. reserves the right to delete the bidder from bidding. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.


MAXIMUM BID:
When you bid your maximum bid, the current bid price does not automatically advance to your maximum bid. Another bidder has to bid to increase the current price and the computer will automatically bid up to your maximum in the increments specified.

AUCTION END TIMES:
Aumann Auctions, Inc. online only auctions are timed events and all bidding will close at specified time. For this auction, the end time for the Real Estate is 7:00 PM Central on Wednesday, November 6, 2013. However, our auctions also have what is called an 'Auto Extend' feature: Any bid placed within the final 10 minutes of an auction results in the auction automatically extending 10 additional minutes. The bidding will extend in 10 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 10 minutes.

Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last seconds without having another opportunity to bid again.

TECHNICAL ISSUES:
In the event there are technical difficulties related to the server,
software, internet or any other online auction-related technologies, Aumann Auctions, Inc. reserve the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor AUMANN AUCTIONS, INC. SHALL
BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Aumann Auctions, Inc.




PERSONAL PROPERTY TERMS:

PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING. IF YOU HAVE NOT READ AND UNDERSTAND AND AGREE TO THESE TERMS – PLEASE DO NOT BID

BY BIDDING ON THIS AUCTION, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE ITEM(S) UNDER THE FOLLOWING TERMS AND CONDITIONS:


1. PAYMENTS: There is a 10% Buyer's Premium added to your total purchase.

PAYMENT INFORMATION:
We accept Cash, Checks, Visa, MasterCard as payment. If no prior arrangements are made, at the end of the auction, the winning bidder’s credit card will be charged for the purchases plus the 10% Buyer's Premium. If paid by credit card, there will be a 5% credit card fee charged to the Buyer. If you wish to pay by cash, check at the pick-up, we will need you to contact us 24 hours prior to the closing date of the auction. This is the Buyer's responsibility to call or send an email so that we can flag your bidding account to pay by cash or check at pick-up.


2. THE PICK-UP DATES & TIMES for the items on this auction are Thursday, November 7, 2013 from 10 AM - 5 PM.

ALL ITEMS MUST BE PAID FOR AND REMOVED ON THE SCHEDULED PICK UP DATES. If the Buyer does not pay and pick up the items on the scheduled pick up dates/times, the registration credit card will be charged: the final bid plus the 10% Buyer’s Premium, plus all costs, including, but not limited to the holding/transporting/storage costs of the items.

3. PICK-UP INFORMATION: All Buyers are responsible for bringing their own packing materials and help with loading. We will not have boxes, packing materials, personnel for packing and/or loading assistance onsite. Also, for any items that require dis-assembly please provide your own tools and manpower.

4. DEFAULT OF BUYER: Successful bidder not paying for items by pick-up dates will be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and Aumann Auctions, Inc. Seller shall have the right to:
(a) declare this contractual agreement cancelled and recover full damage for its breach
(b) to elect to affirm this contractual agreement and enforce its specific performance or
(c) Seller can resell the items either publicly or privately
with Aumann Auctions, Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding/transporting/storage costs of the items, the expenses
of both sales, legal and incidental damages of both the Seller and Aumann Auctions, Inc.

In addition, Aumann Auctions, Inc. also reserves the right to recover any damages separately from the breach of the Buyer. The purchaser agrees to pay all reasonable attorney fees and costs incurred by Aumann Auctions, Inc. in the collection of funds. The purchaser also agrees that a storage/handling fee of 2% per month be added to the balance of any unpaid balance due Aumann Auctions, Inc. and any other costs or losses incurred by the Buyer’s failure to adhere to these terms. Any debt collection or dispute proceedings will be litigated or arbitrated in Montgomery
County, Illinois at the option of both the Seller and Aumann Auctions, Inc.

Both the Successful Bidder and Seller shall indemnify Aumann Auction, Inc. for and hold harmless Aumann Auctions, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Aumann Auctions, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.

5. CATALOG: Aumann Auctions has put forth every effort in preparing the catalog for this auction to provide accurate descriptions of all items. All lots are sold “AS-IS, WHERE-IS”, with all faults, imperfections and errors of description. Due diligence is the responsibility of the bidder/buyer. Printed statements or descriptions by staff are provided in good faith and are matters of opinion.

BIDDING AND REGISTRATION INFORMATION:

BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, Aumann Auctions, Inc. has the right to reject the registration, and bidding activity will be terminated. The Seller and Aumann Auctions, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to Aumann Auctions, Inc. or in their sole opinion detrimental to Bidding Activity, then Aumann Auctions, Inc. reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.

MAXIMUM BID: When you bid your maximum bid, the current
bid price does not automatically advance to your maximum bid. Another bidder has to bid to increase the current price and the computer will automatically bid up to your maximum in the increments specified.

AUCTION END TIMES: Aumann Auctions, Inc. online only auctions are timed events and all bidding will close at specified time. However, our auctions also have what is called an 'Auto Extend' feature. Any bid placed within the final 10 minutes of an auction results in the auction automatically extending 10 additional minutes. The bidding will extend in 10 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 10 minutes. Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last seconds without having another opportunity to bid again.

TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Aumann Auctions, Inc. reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Aumann Auctions, Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of Aumann Auctions, Inc. Aumann Auctions, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Aumann Auctions, Inc. are final.

Your bid on this auction indicates both an understanding and an acceptance of the terms of this contractual agreement between yourself and both Aumann Auctions, Inc. and the Seller and that you, as the Bidder, are prepared to purchase items under these terms and conditions.