Buyer's Premium & Payment Terms

A buyer's premium will be added to the final winning bid based on the total purchase price:

Winning Bid Amount Buyer's Premium

$0.00 – $1,500.00 18%

$1,500.01 – $8,000.00 9%

$8,000.01 and above 8%

Cash Discount

Customers paying with cash receive a 3% discount off the total invoice amount.

Examples

Winning Bid: $1,000

Buyer's Premium (18%): +$180

Total Before Discount: $1,180

Cash Payment Total: $1,144.60

Card Payment Total: $1,180

Winning Bid: $5,000

Buyer's Premium (9%): +$450

Total Before Discount: $5,450

Cash Payment Total: $5,286.50

Card Payment Total: $5,450

Winning Bid: $10,000

Buyer's Premium (8%): +$800

Total Before Discount: $10,800

Cash Payment Total: $10,476

Card Payment Total: $10,800

Note: The applicable buyer's premium is determined by the final winning bid amount. The 3% cash discount applies only to invoices paid in cash within the specified payment period.

All high bids are legal, binding contracts and all sales are final. All items are sold “AS IS, WHERE IS,” with NO guarantee, warranty, or possible refund written, expressed, or implied. The working or running condition of an item may not be known or stated in the description. Buyers are strongly encouraged to inspect items in person during store hours. No bids can be withdrawn once placed, for any reason. Descriptions and photographs are provided as a guide, but not guaranteed. GR Treasure Bids and its agents are not responsible for errors or omissions.

Auction closing times are approximate. GR Treasure Bids reserves the right to close early or extend auctions at any time at its discretion. Dynamic bidding is in effect: if a bid is placed in the last 5 minutes, the auction for that lot will extend by an additional 5 minutes. This process repeats until no bids are placed within the final 5-minute window.

Monday – Friday: 10:00 AM – 5:00 PM

Saturday & Sunday: Closed

All items must be paid for and picked up within 5 days of the auction closing.

Pickup location:

4255 Alpine Ave NW, Comstock Park, MI 49321

A storage fee of $2 per item per day may apply after the 5-day period. Items not picked up within 14 days of auction close will be considered abandoned and may be resold with no compensation due.

Payment is due within 48 hours of auction close.

Accepted methods: Cash, Credit Card, Debit Card (contact us for other options).

Unpaid invoices after 5 days may result in loss of bidding privileges or further action.

6% Michigan sales tax applies to all orders unless a valid tax exemption certificate is on file.

Shipping is not available unless specifically stated in the lot description. All items are local pickup only unless other arrangements have been made.

NO REFUNDS, RETURNS, OR EXCHANGES. All items are sold “AS IS, WHERE IS” with all faults.

Questions?

Email: staff@grtbids.com 

Phone: 616-477-1117 (Andrew Shmona)