NMC must receive the total purchase price no later than 24 hours from receipt of invoice. Make all payments payable to New Mill Capital, LLC via cash, overnight cashier's or certified checks, wire transfer or a corporate checks accompanied with a Bank Letter of Guarantee, and all of the foregoing must be in form, scope and substance acceptable to NMC in its sole discretion. All payments must be made in U.S. funds.
Purchasers without United States financial accounts are required to pay in U.S. funds via wire transfer.
Should a buyer be in default of payment, NMC may retain all deposits and partial payments received from Buyer and may resell any Goods that Buyer fails to purchase. Buyer shall be responsible for all costs, losses, and damages suffered by NMC (i) as a result of Buyer's breach of any of the Terms, including without limitation, lost profits and consequential damages, and (ii) incurred in connection with the enforcement of NMC’S rights, including, without limitation, legal fees and costs and expenses related to the resale of Goods, including storage and rigging fees.
Payment Methods & Invoices:
Company Check: Company checks must be accompanied with a Bank Letter on official bank letterhead guaranteeing funds to NMC. See sample letter below.
Cashier’s Check or Certified Check: If you arrive to a sale readied with a check that is greater than your actual purchases, we will refund you those funds no later than two weeks from the sale date.
Cash: Acceptable in designated on-site Auction Office.
Credit Card: We do NOT accept credit cards for payment.
Wire Transfers: If sending your payment by wire transfer, please reference the auction name and your assigned bidder number. Instructions are available by request only. Contact NMC Headquarters at 1-888-801-6032 or email email@example.com.
BUYER NOTE: There is a $20 incoming wire fee that will be applied. Please append this amount to your wire total.
Invoices: Successful bidders should expect an invoice within 24 hours from the end of the auction. On-site participants must obtain a copy of their invoice from the Auction Office before leaving the auction site. Webcast Participants will receive a preliminary report from webcast provider (e.g. Bidspotter.com), but this is not your final invoice. It is merely a summary of your reconciled wins. Please do not pay your invoice until you receive a copy from the auction house. Webcast Participants will be emailed to the email address used when registering.
Webcast Payments: After the sale, webcast buyers are emailed their FINAL invoices from the Auction Accounting Manager and can then pay via wire transfer or by overnighting a bank-guaranteed check or money order to our office headquarters in Calabasas, CA. Once invoices are paid in full, buyers can remove subject to carry items themselves or can contract with packing, shipping, storing, crating or an insured rigging company, approved by NMC, for electrical disconnection, process disconnection or mechanized removal. No buyer will be allowed to begin removal prior to payment in full of auction invoice.
Bank Letter Of Guarantee Example:
To Whom It May Concern:
This letter will serve as notification that (Bank name) will guarantee payment in U.S. funds to New Mill Capital, LLC from: (Name of Customer) Drawn on Account # ___________ Up to the amount of $ ___________. This letter is valid for purchases at the auction of: ___________ located at (Auction Address) on (Date of Auction).
These funds will be made available to New Mill Capital, LLC for a time period of up to 30 business days or until the check clears.
(Bank Representative Signature) ___________
(Bank Telephone Number) ___________
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