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How to Register for Webcast & On-Site Auctions:

Bidding Guidelines:

Buyers must register as Bidders prior to bidding at any auction sale. All bidders must provide contact information such as their name, company name, mailing address, phone number, email address, etc. When applicable, electronic bidders are required to provide a valid credit card (Visa or MasterCard) to participate in an auction. Terms of sale may vary from auction to auction. Be sure to always review and understand the terms of sale for each individual event before registering.

Once you have registered, you are assigned a bidder number and can access bidding instructions. You may be asked to leave a deposit in order to place a bid. If you are a webcast bidder, these bidding instructions are emailed to you and/or are available on the registration page.

PLEASE REGISTER AT LEAST 24 HOURS BEFORE ANY WEBCAST OR ONLINE SALE to ensure that all registration requirements are met and to resolve any problems that may occur prior to the sale start.

On-Site Participants:

There is no option to register online ahead of time if you are attending in person. You must register in the designated on-site Auction Office to obtain a paddle number, and check out in this same area. Arrival is suggested at least 30 minutes before the start of the sale to fill out the registration form and receive your bid number.

On-Site Registration Requirements:

  • Proof of Identity: Drivers license or form of legal identification
  • Deposits: NMC may require a deposit of not less than twenty five percent (25%) of the Buyer's TOTAL PURCHASE PRICE for your
    bidding approval. This can be in the form of a credit card (Visa or MasterCard), cash, cashier’s check, money order or wire transfer.
  • If you are sales tax exempt, please submit the appropriate Sales Tax Form via fax 818-337-7198 or email accounting@newmillcapital.com.
    NMC will not remove sales tax from your invoice unless we are presented with this information at each of our auctions.

Webcast Participants:

If the online sale link is not yet posted, click the ‘Register’ button atop this webpage. Here you will have to enter your contact information and your request to participate. Once the online bidding link is available, it will be sent to you via email. You may also review our Current Sales list, and then click the Online Bidding 'Click Here' button on the Sale’s Details page.

Webcast/Online Registration Requirements:

  • For Electronic Bidders, at its discretion, NMC may contact Bidders via email or telephone before or during the sale to provide
    a deposit. If NMC does not receive a response from its attempts to contact Buyer or if the Buyer does not provide a deposit,
    NMC reserves the right to refuse or cancel Buyer's bids and re-sell Goods. If you choose to make your deposit with a credit
    card, please fill out, sign, and fax or email the Credit Card Authorization Form
     

PLEASE NOTE: Any bidder registering with an address outside of the U.S. or Canada will be required to submit a deposit of 25% of expected maximum total bid in order to be approved to participate. After registering for an event, you will be emailed instructions for your deposit. Once NMC has confirmed receipt of your deposit, you will receive an email with your paddle number for online bidding and confirmation that you have been approved to bid.

Bidspotter Webcast Instructions: The Real-Time Bidder Interface

Payment Terms and Conditions:

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:

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 accounting@newmillcapital.com.

BUYER NOTE: There is an incoming wire fee that will be applied. Please append the provided 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.

Sales Tax Forms:

Click here to view the state by state sales tax forms.

Equipment Removal and Checkout:

(1) Buyers or their Agents must remove all Goods purchased before the final removal date and time announced by NMC at the auction (the "Removal Date").

(2) No Goods shall be removed until the full purchase price and all applicable Taxes thereon have been received by NMC in the form required herein. Any Goods not removed on or before the Removal Date shall be subject to storage charges that NMC may in its discretion impose. ANY ITEMS NOT REMOVED ON OR BEFORE THE REMOVAL DATE SHALL BE DEEMED ABANDONED AND NMC SHALL HAVE NO FURTHER OBLIGATION TO BUYER WITH RESPECT TO SUCH ITEMS.

(3) A qualified, insured rigger must remove goods that cannot be removed from the premises by “Non-Mechanized” transport. Before any removal, Buyer must provide NMC with a certificate of insurance from the rigger, which certificate must be in form, scope and content acceptable to NMC in NMC'S sole discretion. Without limiting NMC'S discretion, such certificate must show that the rigger carries comprehensive liability insurance written by an insurance carrier of national standing, in an amount of not less than two million dollars ($2,000,000.00) and naming NMC and its partners as an additional insured party.

New Mill Capital does not pack, ship, store, crate or rig items. Buyers may either pick up their items at the designated auction site personally or can arrange for a third party logistics firm to manage the removal process for them. If someone other than the registered buyer at the sale is designated to pick up those purchased assets, the buyer must: 1) Contract with an independent logistics firm or other representative who will dismantle, crate, pack, or ship your purchased items. 2) Coordinate the removal of those purchased items to meet the time deadlines indicated on this page. 3) Submit an "Agent Release Authorization" form which will allow New Mill Capital to release items to a third party contractor for shipping, crating or packing purposes. Since New Mill Capital does not ship the items, we do not obtain/prepare any export licenses/documents. *New Mill Capital finds and displays one or more local logistics service providers who understand our removal process, offer specific services, and have certain skills and capacities. We offer this service to you without representations or warranties of any kind whatsoever.

No assets will be released during the sale. ABSOLUTELY NO EXCEPTIONS.
 

 

Note: Please review and understand specific sale details for each sale as instructions may differ from general auction advices.