Bidders understand that items are sold "AS IS", "WHERE IS"
BIDDERS UNDERSTAND THAT ITEMS SOLD ON WWW.PURPLEWAVE.COM ARE SOLD 'AS-IS, WHERE-IS', AND WITHOUT WARRANTY. PURPLE WAVE, INC. (PURPLE WAVE) AND SELLER FURNISH ALL AUCTION ASSETS TO BUYERS 'AS IS' UNSUPPORTED, WITHOUT WARRANTY OF ANY KIND. PURPLE WAVE AND SELLER DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. CONSUMER RIGHTS VARY FROM STATE TO STATE. CERTAIN STATES INCLUDING ALABAMA, CONNECTICUT, KANSAS, MAINE, MARYLAND, MASSACHUSETTS, MINNESOTA, MISSISSIPPI, NEW HAMPSHIRE, VERMONT, WASHINGTON, AND WEST VIRGINIA, LIMIT WAIVERS OF IMPLIED WARRANTIES. THE DISCLAIMERS AND EXCLUSIONS WILL NOT APPLY TO THE EXTENT CONSUMER WARRANTY EXCLUSIONS ARE PROHIBITED BY APPLICABLE LAW.

Buyer's premium
A 10% buyer's premium will be added to all winning bids, resulting in the total purchase price, exclusive of any applicable sales taxes, owed by the winning bidder. The buyer's premium will be included in the price against which applicable sales taxes are calculated. A portion of the proceeds from item sales and the buyer's premium raised from this auction will go to Dream On 3.

Bidders are responsible for all bidding activity
Bidders understand that they are responsible for submitted bids. Bids placed on www.purplewave.com are binding and will not be removed. When clicking the Place Bids' button, you are responsible for the amount displayed. Do not share your account information with anyone. Do not bid on behalf of someone else. If you are declared the winning bidder at the end of the auction, you are the owner. All sales are final.

Bidder understands Large Bids (greater than $10,000) may be subject to additional qualification.
Qualification may include, but is not limited to, providing a bank letter of guarantee, credit references or credit card pre-authorization. Purple Wave may take any or all of these measures at any point during the auction. Purple Wave reserves the right to strike any internet bid if the bidder refuses or fails to timely cooperate with Purple Wave's efforts to verify the bidder's qualification to bid. Purple Wave may also require qualification from bidders who bid on multiple items, items being 'sensitive or important' and bidders who are international or distant. Purple Wave reserves the right to authorize any and all bidders but generally requires analysis of bids, particularly risky including bids placed over $10,000. By registering to bid in this auction, you authorize all credit references, banks and credit reporting agencies to provide complete information about your credit to Purple Wave. For questions regarding Purple Wave's bid qualification process, please contact our Credit Specialist at [email protected] or call 1.833.685.2802.

International bidders are required to place a bidding deposit equal to 10% of the total intended bidding amount. Deposits for bidding $30,000 or higher must be made by wire transfer, other deposits may be made by credit card. Bidding deposits will be applied to your purchase following the auction. Non winning bidders will be refunded within 5 days of the auction event. Please contact us at [email protected] or 1.833.685.2802 with any questions.

Bidder understands Sales tax will be charged on all taxable items
State law requires Purple Wave to collect sales tax on all applicable transactions. Sales tax rates are based on the item's location and are applied to the total purchase price (hammer price plus the Buyer's Premium). Tax will be collected unless the buyer provides proof of tax exemption, which must be submitted before tax amounts will be removed from the invoice. Exemption forms are auction and state specific and may need to be completed for every event. Purple Wave cannot offer advice, opinions or guarantees about whether you are in fact exempt. Buyers may be subject to use tax in their state of residence. Consult your tax advisors if you have sales tax exemption or use tax questions. Purple Wave, Inc. cannot be held responsible for states' registration requirements regarding exemptions. Please note, guidelines and regulations regarding tax exemptions may vary between states. If you are eligible for an exemption, please complete the appropriate exemption certificate and email it to [email protected] or fax to 1.866.604.2264.

*Sales tax exemption forms and / or additionally requested documents or statements must be provided within one week of the Auction. Sales tax balances due to missing forms will be automatically charged to your designated payment method. By creating an account, you agree to these automatic charges and acknowledge that any unpaid taxes or fees are your responsibility. If we are unable to collect the balance due, we reserve the right to disable account privileges and seek damages.

Full Sales Tax / Use Tax information

A 15% default premium will be charged for non performance of auction agreement
If a purchase is defaulted on for any reason, Purple Wave will charge the winning bidder a default premium. The default premium is 15% of the hammer price (with a minimum of $100.00). Purple Wave reserves the right to automatically charge the primary credit card on file the entire balance of the default premium. Uncollected default premiums will be sent to collections. Purple Wave and/or the seller reserve the right to pursue all legal remedies. If unable to satisfy the terms of auction, do not bid. Purple Wave reserves the right to charge the primary credit card on file for the default premium along with other damages associated with non-payment of the item. Damages may include but are not limited to storage, removal or loss (if the item is resold).