INVOICING
● Successful bidders will be notified within two (2) business days of the end of the
auction. Most invoices are sent via email on the first business day following an
auction.
PAYMENT
● Successful bidders must arrange for payment within five (5) business days
following the receipt of the invoice.
● A late fee of 5% of the total invoice will be charged for late payments after the
five (5) day deadline. The late fee deadline can be found in the note section of
the invoice.
● A bad bidder flag will be placed on the account at the same time the late fee is
applied. This flag will block any future bidding with New England Auctions.
● First time buyers with New England Auctions who pick up in person must pay by
cash.
● Credit card payments will include a 3.9% surcharge.
● All international bidders must pay by wire transfer. A $35 fee will be added to the
invoice total for wire transfers.
● Payments by check must be made out to New England Auctions and mailed to:
New England Auctions, 14 Business Park Drive Suite 5, Branford CT 06405.
● If payment is made by check, item(s) will be held for up to ten (10) business
days before item(s) is released.
Sales Tax - ATTN: ALL DEALERS/TRADE with Tax Exempt Numbers
All sales are subject to Connecticut sales tax unless the buyer holds a valid tax exempt/resale certificate (from any state) and submits a signed and dated State of Connecticut Sales & Use Resale Form with their tax-exempt information prior to release of the purchases. We must receive this form every year, even for tax exempt bidders who will be having their items shipped out of state. (This form is available at neauction.com). We do not collect sales tax on items shipped to other states unless a particular state's sales tax nexus has been met. Sales to out-of-state buyers without a resale certificate, that are picked up by the buyer's representative, will be charged Connecticut sales tax unless the representative is a licensed commercial shipper and provides a Bill of Lading at the time of pick up.