By bidding in MIT's silent auction, each bidder agrees to the following auction rules:
1. All sales are final. There will be no exchanges or refunds unless otherwise noted. All items are "as is." MIT has attempted to describe and catalog items correctly, but neither warrants nor represents and in no event shall be responsible for the correctness of descriptions.
2. Each individual artist is responsible for the genuineness, authorship, provenance, or condition of the items. No statement made in this catalog, or made orally at the auction or elsewhere, shall be deemed such a warranty, representation, or assumption of liability.
3. The auction item value listed is an estimate of fair market value. The opening bid amount is noted on the auction item. Items have not been appraised unless so noted. The amount you pay above this fair market value estimate is normally tax-deductible as a charitable contribution. Please consult your tax adviser to clarify the amount of your deduction.
4. Incremental bids that do not meet the minimum incremental bid amount are invalid bids.
5. Payments for items purchased must be made electronically and paid in full. All bids are final on the night of the auction. A major credit or debit card must be placed on file to bid. All items will be shipped from the vendor to the purchaser's address, within 3 days after the silent auction bidding has closed.
6. Each person bidding assumes all risks and hazards related to the auction and items obtained at the auction. Each bidder agrees to hold harmless from any liability arising indirectly from MIT, their elected and appointed officials, members and employees, the auctioneer (s), the auction company and its agents, and employees, the event organizers, sponsors, and /or volunteers connected with the auction.
Thank you for your participation and support