RiverTown Auction

Are you handling a loved one's estate? Downsizing for retirement? An estate / liqiuidation auction is the easiest way to sell your stuff for fair market value. You don't have to own a houseful of antiques to have a successful estate auction. Good used furniture, household goods, tools, collectibles - your belongings are worth money!

We also handle inventory liquidation auctions for governmental entities: school board, parish, police jury, town, etc.

Call us at 318-704-5044 for a free and confidential consultation.

 

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Estate Auctions. RiverTown provides a full range of Estate Auction services, from helping with a simple downsizing to cleaning out an entire household. Don't let the phrase "Estate Auction" scare you. You don't need a house full of expensive antiques to take advantage of our services. We specialize in Estate Auctiions for the average homeowner.

Business & Government Liquidation Auctions. Whether you are going out of business, cleaning out your warehouse, or just need to liquidate some inventory, we can help.

Estate Auction vs. Tag Sale. Which is better, an auction or a tag sale (aka estate sale)? It depends! Find out more here.

Like us on Facebook!Like us on Facebook! We let you know what's coming up for sale at our next auction, special sales, and other news.

RiverTown Auction is owned and operated by Tom Sexton who is licensed and bonded in the State of Louisiana, license #1911. We charge a 10% Buyers Premium.

Following is a sample contract similar to one we will create to sell your estate or surplus property. Every contract is different, depending on the circumstances, but this sample will give you an idea of what to expect when you consign your property to RiverTown for auction.

RiverTown Auction

4314 York St.

Ball, LA 71405

(318) 704-5044

Thomas Sexton, Auctioneer

 

Agreement for Sale of Property by Auction

 

Agreement made this _______ day of ______________, 2017 between ________________________ hereinafter called “The SELLER” and RiverTown Auction, Thomas Sexton Auctioneer, hereinafter called “The AUCTIONEER”.

1.    The SELLER hereby employs the auctioneer to sell at public auction to the highest bidder, without limits or reserves, the following property, hereinafter referred to as “PROPERTY”.

2.    PROPERTY consists of items designated as [household goods, surplus, salvage] by the SELLER.

3.    The date of the auction shall be mutually agreed upon by the SELLER and the AUCTIONEER, but shall be no less than 30 days after signing of this agreement.

4.    The auction will be held at the following designated location(s):

LOCATION #1: _________________________________________

LOCATION #2  _________________________________________

5.    Neither the SELLER nor the AUCTIONEER shall provide any guarantee regarding the condition of the PROPERTY. All PROPERTY will be sold “as is”.

6.    Upon signing of this agreement, no portion of PROPERTY shall be sold, given away or otherwise removed from the premises prior to the auction.

7.    Upon signing of this agreement, the SELLER shall place the AUCTIONEER in possession of all property to be auctioned.

8.    The AUCTIONEER shall provide the following auction services, at his expense:

a.    Licensed and bonded auction service (licensed in State of Louisiana).

b.    Service of AUCTIONEER’s ring men.

c.     Complete clerking service (recording of bids, high bid amount, quantity, etc.)

d.    Collection and remittance of all applicable sales tax as required by law.

e.    Personnel for registration of bidders.

f.      Personnel for collection of proceeds of sale.

g.    Complete accounting of the auction.

h.    Notification of the auction to AUCTIONEER’s list of previous auction bidders.

i.      Advertising of the auction in local newspaper, on various auction websites, social media sites, and the AUCTIONEER’s website.

9.    The AUCTIONEER shall photograph, inventory, label, stage and otherwise prepare PROPERTY for sale. The AUCTIONEER shall have reasonable access to the premises and PROPERTY prior to the date of the auction, for the purpose of performing these tasks.
 

10.  The AUCTIONEER shall produce a list of items or lots of items to be sold. A copy of this list shall be provided to the SELLER one week prior to the auction date.

11.  If the SELLER requires a reserve bid (a minimum bid amount below which the item cannot be sold) on any item, the SELLER shall provide a list (reserve items and their corresponding reserve amounts) to the AUCTIONEER one week prior to the auction date.

12.  Except for reserve items, items will be sold to the highest bidder with no reserve. The AUCTIONEER shall call the high bid and bidder, and his decision is final.

13.  If any PROPERTY requires an unencumbered Louisiana Certificate of Title or other documentation for the legal transfer of ownership, the SELLER shall provide such documentation to the AUCTIONEER one week prior to the auction date. The SELLER shall also provide notary services on the day of the auction if required for transfer of ownership of sold PROPERTY.

14.  The SELLER bears the risk of loss by fire, theft or other means and accepts sole responsibility for obtaining insurance coverage on all PROPERTY owned by the SELLER. Ownership of PROPERTY (and responsibility thereof) transfers to the buyer immediately upon declaration of a winning bid.

15.  As a condition of purchase the AUCTIONEER will require that the Buyer remove his purchases from the premises by the end of the business day of the auction, unless other arrangements are made between the BUYER and the SELLER.

16.  The SELLER assumes liability for any personal injury which may occur on the premises.

17.  The SELLER certifies that all items to be auctioned are the property of the SELLER and the SELLER has legal right to sell.

18.  The AUCTIONEER is hereby authorized to accept, as the SELLER’s agent, cash, credit cards or checks made payable to RiverTown Auctions. The AUCTIONEER shall deposit the entire proceeds received from the auction into the AUCTIONEER’s escrow account. Within 15 business days following completion of the auction, providing all checks and credit charges received in payment of purchases have been paid or cleared by the bank, the AUCTIONEER shall give to the SELLER a complete accounting and reconciliation showing the items or lots sold, the AUCTIONEER’s commission, and payment of the balance of proceeds due the SELLER.

19.  The AUCTIONEER shall be entitled to a commission on gross sales. The AUCTIONEER shall deduct from the proceeds of the sale all commissions due him under the terms of this agreement.

20.  SELLER may terminate this Agreement in whole or in part, whenever the SELLER determines that such termination is in the best interest of the SELLER, upon 30 days written notice.

21.  AUCTIONEER may terminate this Agreement in whole or in part, whenever the AUCTIONEER determines that such termination is in the best interest of the AUCTIONEER, upon 30 days written notice.

22.  It is mutually agreed by the AUCTIONEER and SELLER that this agreement shall be binding upon administrators, assigns and successors in interest.

The SELLER and the AUCTIONEER execute this agreement on the dates set below their respective signatures.

 

[SIGNATURES]