Personal Property Auction Agreement Template

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PERSONAL PROPERTY AUCTION AGREEMENT
This agreement made this ______ day of ________________, ______ by and between
________________________________ of ___________________________________
(seller)
(street)
______________________________________________________________________
(city)
(zip)
(phone)
hereafter called Seller, and _______________________ hereafter called Auctioneer.
The auction is to be held at ____________________ on ________________, _________ . In case of postponement
auction will take place on a later date agreeable to both parties.
Auctioneer hereby agrees to use his professional skill, knowledge and experience to the best advantage of both
parties in preparing for and conducting the sale. Seller agrees to not interfere with, prevent or prohibit Auctioneer in
any manner prior to or during auction from carrying out his duties and obligations of this agreement.
Auctioneer shall receive as compensation for promoting, advertising and conducting said auction sale
______% of gross sales receipts resulting from auction, which fee may be deducted from the gross sales receipts.
Auctioneer agrees to turn over net proceeds from auction to Seller within _____ days from date of auction,
along with sale records and receipts.
Seller agrees to turn over and deliver to Auctioneer to be sold at public auction the items Listed below and on the
attached sheets.
________________________________________________________________________________________
________________________________________________________________________________________
It is agreed that all goods will be sold to the highest bidder, with the exception of items specified by seller in writing
to be protected. No item shall be sold or withdrawn from the sale prior to the auction except by mutual agreement
between Seller and Auctioneer. If an item is sold or withdrawn prior to auction, Auctioneer shall receive full commission
on the item. Auctioneer shall receive full commission on any item withdrawn from sale or transferred or sold within 60
days after the auction.
Seller agrees to pay all expenses of preparation, advertising and conducting the auction and herewith deposits
$___________________ to be used to defray said expenses, receipt thereof being acknowledged. Auctioneer shall
expend this money as necessary for purposes relative only to this auction. Seller agrees that all expenses above the
deposit amount shall be first paid from the proceeds realized from said auction before the payment and satisfaction of
any Liens or encumbrances.
Seller warrants and represents that he has good title and the right to sell and will deliver merchantable title to the
herein described property to purchasers, that said goods are free of all claims, encumbrances or indebtedness and
that said property can be auctioned without violation of any federal, state or other regulations. Seller agrees to
hold harmless Auctioneer against any claims of the nature referred to in this contract.
____________________________________
BY ________________________________
BY__________________________________
PERSONAL PROPERTY AUCTION AGREEMENT
This agreement made this ______ day of ________________, ______ by and between
________________________________ of ___________________________________
(seller)
(street)
______________________________________________________________________
(city)
(zip)
(phone)
hereafter called Seller, and _______________________ hereafter called Auctioneer.
The auction is to be held at ____________________ on ________________, _________ . In case of postponement
auction will take place on a later date agreeable to both parties.
Auctioneer hereby agrees to use his professional skill, knowledge and experience to the best advantage of both
parties in preparing for and conducting the sale. Seller agrees to not interfere with, prevent or prohibit Auctioneer in
any manner prior to or during auction from carrying out his duties and obligations of this agreement.
Auctioneer shall receive as compensation for promoting, advertising and conducting said auction sale
______% of gross sales receipts resulting from auction, which fee may be deducted from the gross sales receipts.
Auctioneer agrees to turn over net proceeds from auction to Seller within _____ days from date of auction,
along with sale records and receipts.
Seller agrees to turn over and deliver to Auctioneer to be sold at public auction the items Listed below and on the
attached sheets.
________________________________________________________________________________________
________________________________________________________________________________________
It is agreed that all goods will be sold to the highest bidder, with the exception of items specified by seller in writing
to be protected. No item shall be sold or withdrawn from the sale prior to the auction except by mutual agreement
between Seller and Auctioneer. If an item is sold or withdrawn prior to auction, Auctioneer shall receive full commission
on the item. Auctioneer shall receive full commission on any item withdrawn from sale or transferred or sold within 60
days after the auction.
Seller agrees to pay all expenses of preparation, advertising and conducting the auction and herewith deposits
$___________________ to be used to defray said expenses, receipt thereof being acknowledged. Auctioneer shall
expend this money as necessary for purposes relative only to this auction. Seller agrees that all expenses above the
deposit amount shall be first paid from the proceeds realized from said auction before the payment and satisfaction of
any Liens or encumbrances.
Seller warrants and represents that he has good title and the right to sell and will deliver merchantable title to the
herein described property to purchasers, that said goods are free of all claims, encumbrances or indebtedness and
that said property can be auctioned without violation of any federal, state or other regulations. Seller agrees to
hold harmless Auctioneer against any claims of the nature referred to in this contract.
____________________________________
BY ________________________________
BY__________________________________

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