Appraisals and Valuations
Appraisals and Valuations
Appraisals & Valuations
Industry Appraisals, a division of BoldBids LLC, has been a trusted provider of certified machinery equipment appraisals and valuations since 1985. Catering to a diverse clientele including lenders, CPAs, attorneys, and business entities, they offer USPAP-compliant appraisals across various industries. Their team of qualified appraisers, boasting top certifications such as MCMEA, CMEA, and ASA, ensures a reliable and certified appraisal report for any machinery or equipment, tailored to meet specific client needs following U.S.P.A.P. and I.F.R.S. guidelines.
For more information
Frequently asked questions
About Appraisal & Valuation
Consignors receive payments approximately 35 days following each auction, provided that purchasers have made their payments. These payments to consignors include detailed statements that itemize the commission and any additional charges that may apply.
Contact the specialist in charge for advice on how you should proceed.
Following the auction, you will be sent a post-sale notification detailing the final bid amount. Should the property not sell, you will receive a notification indicating that the property did not meet the reserve price or received no bids.
After agreeing to the consignment of your property, you can either:
1. Bring it yourself
2. Arrange your own shipper for delivery
3. Too much to bring or ship.
Not sure where to start? Request help. Contact 713-254-4399.
The consignor and our specialists will establish a minimum reserve price, which is the lowest amount the consignor is willing to accept for the lot. If bids do not meet this price, the lot will not be sold. This amount is confidential, known only to the consignor and our team.
Sliding scale of commission charges for sellers based on a client’s selling history.
The timeline varies by project. Adequate time is necessary to conduct research, catalog, and photograph items. A consignment deadline or closing date should be established by mutual agreement. This date will be displayed on the homepage of our website, indicating the date of the next auction.
Submitting a bid signifies complete comprehension of and agreement with the conditions of sale stated above.
Yes, a premium of 19.5% of the purchaser’s bid will be added to the total price and is due as part of the payment for all unpaid invoices submitted for collection.
All shipping charges will be paid by the successful bidder. Purchased property must be collected within 14 days following the auction. Property not collected within 14 days of the close of the auction will be subject to a storage fee equal to 1.5% of the hammer price per day. Property not collected within 60 days of the close of the auction will be considered abandoned and any monies paid to Simpson Galleries by the purchaser will be considered liquidated damages.
No warranty, expressed or implied, is provided with regard to any item description in this auction. The descriptions are solely for item identification purposes and do not form part of the bargain, nor create an express warranty that the goods will match any description provided by the auctioneer.
Properties acquired at the auction cannot be removed until the session concludes.
In case of a dispute, the auctioneer has the authority to decide the winning bidder, and such decision shall be final, or alternatively, to re-offer and re-sell the item in question. Should a dispute arise post-sale, the sales record will be the definitive source of information regarding the identity of the purchaser, the highest bid amount, and all other related matters.
We endeavor to accurately describe and attribute authorship to the best of our knowledge and abilities, utilizing experts. However, as authentication and attribution are scholarly matters and thus subject to change, we make no express or implied warranties, guarantees, or representations. We strongly recommend that buyers consult their own experts, appraisers, or authenticators before bidding and rely exclusively on their advice and judgment.
No individual is accountable for the property’s description, authenticity, history, or state. Statements made on the website or verbally at the time of sale, or in any other context, should not be considered warranties, representations, or assumptions of liability.
Cash, or credit card. Master Card, Visa, or Discover (credit card payment accepted up to a maximum amount of $5,000).
The first step is to look for the FAQ named “Acceptable Items” or “Large Auction Items” as to whether we sell your type of item and then contact us so we may give you an evaluation on how much the item is worth at auction.
Find below some quick tips everyone should know before arriving at the auction.
- All Auctions are Open to the Public and anyone can attend. You must attend an On-Site Auction if you want to bid. This is the fairest for those who attend the auction (Telephone or Proxy Bids are excluded).
- A deposit is required to grant access to the auction. This deposit is credited towards any purchases and is refundable if you wish to leave. We created this deposit process to ensure bidders do not walk after bidding occurs. Each deposit varies depending upon the auctions, a typical deposit is $100 (*subject to change, depending on auction).
- After the deposit is received, show your state-issued ID / Driver’s License and any applicable tax information. You have the opportunity to preview the auction items.
- Items bought are “As-Is”. There is NO warranty expressed, written, or implied on the goods sold at the auction.
- Please be courteous to everyone at the auction, if someone is disruptive, they will be asked to leave the premises.
- Winning bidders of an item must pay that day or make payment arrangements before leaving the auction.
- PICKUP WINNING ITEMS: Pick up your winning items from the auction by the following Thursday.
- 10% buyer’s premium applies plus State Sales Tax
- Out-of-State bidders are welcome. For out-of-state purchases of firearms, we must ship the firearm using your state’s FFL Dealer. The buyer is responsible for Shipping and Insurance.
- CASH IS KING. You may have the option to pay with a credit card, but many auctions are cash only.
- Ensure items you win can be moved in the requested time frame required by the storage facility. The typical time frame is two days or less.
- Start cleaning out your unit the day you win. May be helpful to attend the auction with a truck, trailer, or van and a partner to help. Rope and blankets are always a good idea.
- Items to bring to Auction: Gloves, bottled water, snacks, and a flashlight. Also, wear comfortable shoes.
- Cleaning out a storage unit is hard work. Plan on donating, selling, or disposing of the unwanted items you’ve won.
Congratulations, you won! Once you have paid for the storage unit you may not realize that you MUST CLEAN OUT THE UNIT. Even if you do not want to keep the contents within the unit, you must ensure that when you leave the storage unit is ready to rent to a new customer. If you leave the unit messy, you may not be welcome back to the next auction.
On Mondays, professional auction buyers try to restock after weekend sales. Due to more competition, you can expect to pay more for units for an auction on a Monday. Friday or Saturday are typically the better days to have less professional competition. Always call before auction day to ensure the unit is still up for auction. Cancellations occur at the last minute due to the customer paying the outstanding bill.
People who attend storage auctions may spend as little as $5 to $10 or as much as $5,000 or more on a single unit. Storage auctions have a wide range of prices and can fit anyone’s budget.
Storage auctions are popular, expect plenty of competitive buyers. We have found that approximately 50% of the attendees resell these items they buy. Many types of people attend auctions, like treasure hunters and collectors. Come check out our next Storage Auction!
Pickup & Removal information can always be found in two (2) places:
1. On the home page or main calendar page. The date, time, and location are listed.
2. On each item page, in the box labeled “terms and conditions., the date, time & location are listed, as well as the “location” column. It is so very important that you come to the scheduled pickup.
Removal of Auction Items
1. BoldBids,L.L.C. is under contract on every auction we perform. Based on the terms of the contract all items must be removed by a certain date & time. BoldBids must then return keys and are not allowed entry after a certain date and time. If we can’t get in you can’t get in.
2. The auction calendar is created months in advance. A great deal of time & effort goes into the planning and arrangement of the calendar. Please respect this.
3. Keep in mind that the seller is having an auction for a reason. The seller wants the items to leave the premises.
4. If you, or a representative for you, can NOT attend the scheduled pickup date, time, and location then please forgo (do not) bid. Please respect this.
No. Once a bid is placed, the bidder who placed the bid is responsible for that amount. All Bids Are A Binding Contract. Bidder acknowledges that once a bid is offered, the Bidder shall be bound by the bid amount. Bids cannot be withdrawn or retracted. Verify your information entered (ie: bid amount, correct item, etc) before submitting your bids.
BoldBids,L.L.C. is managed and operated by a Texas licensed auctioneer. We conduct estate, Consignment, City & County Government Surplus & Seizures, business liquidations and charity/fundraiser auctions.
1. To place a bid on an item, you must first be a registered user of the site.
2. You must be logged in to BoldBids.com.
3. In the box on the right side where it says “Place Bid”, enter the amount of your bid there.
4. When placing a bid, do not use a “$” and do not use a comma ” , “. Enter bids like this example: 1200.00
5. Check to ensure your Bidder Number is listed as the current high bidder.
After the conclusion of the auction, about an hour after all, items have ended, go to your “My Account” section and click on “My Invoices”. Just click on the invoice for that day and your invoice will appear. You may pay online with Mastercard, Visa, Discover & American Express. If you are pre-approved for a check or are paying cash, you “may” be able to pay in person. Again, please read the auction terms & conditions. Some auctions are credit card only.
Someone has previously placed an auto-bid or a max-bid amount higher than your bid. See item #6 above. Always look to make sure that your bidder number shown on home page next to your name where it says, “Welcome, John Doe (1234)”, is listed on the item as the High Bidder. You should refresh your web page to make sure of the current information.
1. To place a maximum bid or an auto-bid, just enter the maximum amount you are willing to bid on an item and enter that amount where it says “Place Bid”.
2. The program will bid on your behalf up to your maximum bid.
3. Always remember to refresh your page to see current price.
4. Remember when placing auto-bids that our site does not use pennies (0.19, 0.77, 0.99, etc). All bids are in whole dollars and must be a complete & full bid increment above the last bid. Please check the item to make sure that your bidder number is listed as the High Bidder, if not, then you are not the successful bidder.
Remember when placing auto-bids that our site does not use pennies (0.19, 0.77, 0.99, etc). All bids are in whole dollars and must be a complete & full bid increment above the previous high bid. Please check the item to make sure that your bidder number is listed as the High Bidder, if not, then you are not the successful bidder. The bid increments for the site are as follows: Bid Price in USD $ Bid Price Bid Increment in USD$ 2 to 50 is $2 raise/increment 50 to 300 is $5 raise/increment 300 to 1,000 is $10 raise/increment 1,000 to 2,500 is $25 raise/increment 2,500 to 5,000 is $50 raise/increment 5,000 to 10,000 is $100 raise/increment 10,000 to 25,000 is $250 raise/increment 25,000 to 100,000 is $500 raise/increment 100,000 to 250,000 is $1,000 raise/increment 250,000 to 500,000 is $2,500 raise/increment 500,000 to infinity is $5,000 raise/increment.
Look in the Terms & Conditions for each item. The location and times for the preview will be listed there.
What and where are the Terms & Conditions for each auction? The Terms & Conditions are different for each one of our auctions. When you go to an item listing, the box below the description is where the Terms & Conditions are located. Just scroll through and read all the terms & conditions.
You must place “auctioneer@boldbids.com” on your “whitelist” or “Safe Sender’s List” in your email viewer (like Outlook, Earthlink, Gmail, Yahoo, MSN, AOL, etc…) due to some restrictions on mail servers to avoid spam. It is the sole responsibility of the person registering to make sure that their mail client is set to receive emails from boldbids.com. Please read the instructions as you fill out the form and the directions as it sends the email confirmation to you. Please look in both your junk and spam email folders for the email. This is the only email confirmation you will receive, and you must click on the link in the email to activate your account. Failure of the customer to allow email from texasbid.com is not the responsibility of this site.
In the blue bar above, click on “Registration”.
Just enter the required information and you will receive an email to confirm your registration. Once confirmed, you will be ready to place bids. You must put “auctioneer@boldbids.com” on your “whitelist” or “Safe Sender’s List” in your email viewer (like Outlook, Earthlink, Gmail, Yahoo, MSN, AOL, etc…) due to some restrictions on mail servers to avoid spam. It is the sole responsibility of the person registering to make sure that their mail client is set to receive emails from texasbid.com. Please read the instructions as you fill out the form and the directions as it sends the email confirmation to you. Please look in both your junk and spam email folders for the email. This is the only email confirmation you will receive, and you must click on the link in the email to activate your account. Failure of the customer to allow email from boldbids.com is not the responsibility of this site.
DYNAMIC CLOSING/TIME LEFT: If a bid is entered within the last five minutes of the closing of an item, the closing time will be extended by five minutes to ensure sufficient time for bidders to submit their bids. Dynamic Closing will continue until no bids are placed within 5 minutes.
