HOW IT WORKS
HOW IT WORKS -
IN SIMPLE TERms
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Create an account and register to bid.
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Review horses up for auction, choose the horse you would like to bid on and simply bid by clicking the bid button (We recommend setting your maximum bid and allow the software to bid automatically for you - see more details below)
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If you win an auction - a Magic Horse Auction representative will contact you directly to make payment and pickup/transport arrangements....and if you get out bid and lose an auction you do nothing more.
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See below for more details of getting started.
Please note that there is a 3% buyers premium on all winning bids
HOW IT WORKS -
THE SIMPLE HOW TO's OF GETTING STARTed
HOW TO CREATE AN ACCOUNT & REGISTER TO BID
FOR FIRST TIME Bidders:
Bidder Registration IS A SIMPLE TWO-PART PROCESS
1. How to Create An Account
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Click SIGN UP button on the top of Auction Page (or you can even click Register to bid that allows you to create a account first): https://bid.magichorseauction.com
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Set up your name, email, and password. You will only do this ONCE.
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Please keep your username and password in a safe place. You will be financially responsible for all bids placed by a user that is logged in with your username and password.
2. How to Register to Bid
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Log in using your username and password (or if you are already logged in)
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Click on the REGISTER Button
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Please verify all contact information is accurate.
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Fill in credit card info. WE WILL NOT CHARGE YOUR CARD FOR ANY HORSES WON UNLESS YOU WANT TO PAY BY CREDIT CARD! This process is used only to verify our bidder's identity. Click boxes next to “Agree to Terms & Conditions of Sale” and "I am 18 years of age or older."
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Click REGISTER. NOW YOU ARE READY TO BID!
BELOW YOU WILL FIND HELPFUL AUCTION AND BIDDING TIPS
PLACING A BID
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Click on the “PLACE BID” button for the horse that you would like to bid on.
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Next Bid is … indicates what the next bid needs to be in order to be the next highest bidder. Bids are set in increment amounts.
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If two bidders bid at the same time, the first bid that reaches the internet auction computer will be given the amount - the second bidder will be asked to bid the next available amount.
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Click only once to place a bid, Your bid will be visible the next time your page refreshes.
MAX BID OR AUTOMATIC BID
*RECOMMENDED - With Automatic bidding you can enter your maximum bid, then sit back and watch. When you set your Maximum Bid the auction software automatically bids on your behalf up to your maximum bid. If the specific auction ends for less than your maximum, that's all you will have to pay. You won't have to keep coming back to re-bid every time another bid is placed. Your maximum is kept confidential from other bidders.
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The system will only bid up to your maximum amount as necessary to maintain you as the high bidder. If another bidder has a higher maximum, you'll be outbid. But, if no other bidder has a higher maximum, you win the specified horse.
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PLEASE review your Bid BEFORE you click the BID button.
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Using the single Bid button will not be as quick as using the Automatic Bid.
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Due to slow internet & mobile connections, we cannot guarantee last second bids will get through every time, so please don't hesitate when bidding one bid at a time. We strongly suggest utilizing the automatic/max bid button to ensure your bids are accepted and not delayed.
BUY IT NOW
Magic Horse Auction LLC now offers a Buy It Now (BIN) feature on some horses. This feature allows buyers to purchase a horse now and not have to wait until the end of an auction. Our Buy It Now (BIN) option is only available at the sellers discretion. If the seller lists a horse with a Buy It Now option, a bidder can purchase that horse immediately at a price set by the seller simply by clicking the button marked Buy It Now on the horses dedicated auction page. When the “Buy It Now” button is hit and confirmed, the auction ends immediately and the bidder who activated the BIN is responsible for payment within 48 hrs of activation of BIN.
The “Buy It Now” option will be removed 24 hrs prior to the close of the auction, unless otherwise specified.
EXTENDED BIDDING
A Soft Close is used: if a bid is placed during the last 2 minutes on the time clock, the system will go into EXTENDED BIDDING, and additional 2 minutes will be added to the clock to allow the under-bidder to respond. Bidding will not close until the specified time period passes without a bid being placed. Watch the time clock on the page of the specified horse to determine how much time remains.
BUYER PAYMENT AND RELEASE OF HORSE:
After the auction has ended, you will be contacted by Magic Horse Auction, LLC after your winning bid.
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PAYMENT CONFIRMATION IS REQUIRED WITHIN 2 BUSINESS DAYS AFTER YOUR WINNING BID
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NO horse will be allowed to be transported before payment has cleared. A 3% office processing/buyers premium fee will be added to the final bid for any horse purchased to determine the total purchase price.
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Payment Options:
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Bank Wire Transfer (RECOMMENDED)- must send confirmation of wire within 2 business days after your winning bid.
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Credit Card or Debit Card - add 3.5% fee
ALL payments are made directly to Magic Horse Auction, LLC.
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​You will be contacted by Magic Horse Auction, LLC after your winning bid.
If you have any questions about the process, please don't hesitate to call 940-224-3036 or 940-882-0269.
You may pick up your purchase in person or directly work with the seller to arrange transport anywhere in the US.
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Each auction lasts approximately 10-14 days and within that time prospective buyers can call and talk directly to the owners of the horse and discuss their specific traits and decide if they could be the correct horse for them. In addition to speaking with the sellers the prospective buyers have the option to make arrangements with the seller and test ride specified horses before they bid. Buyers cannot test ride the horse(s) after you win an auction. (Please do it before Auction closes)
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We can also assist you if you are not comfortable using a computer.
You are welcome to call to set up over the phone bidding:
Magic Horse Auction, LLC 940-224-3036 or 940-882-0269
IT'S THAT SIMPLE - HAPPY BIDDING!
ATTENTION: WHEN YOU REGISTER AND/OR BID OR CONSIGN YOU ARE AGREEING TO MAGIC HORSE AUCTION'S CONDITIONS OF SALES.
HOW IT WORKS -
THE CONDITIONS OF SALE IN LEGAL TERMS
CONDITIONS OF SALE TERMS – WARRANTIES – BUYING PROCEDURE – SETTLEMENT FOR ALL MAGIC HORSE AUCTION, LLC LIVE AUCTIONS – ONLINE VIDEO AUCTIONS – TIMED AUCTIONS
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GOVERNING LAW - Magic Horse Auction, LLC a Texas Corporation. All transactions and disputes are governed by Texas Law.
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LIMITATION OF LIABILITY - Magic Horse Auction, LLC is an independent contractor regularly engaged in the business of conducting online timed consignment sales of horses and is recognized as “sale management”. These sales provide a public means via live, online video and/or timed auctions, to bring together a seller and a buyer for the purpose of completing the sale of a specified horse. Magic Horse Auction, LLC holds no ownership interest in any horse offered for sale, and is not responsible for any liability whatsoever, including, but not limited to, the loss, damage, injury, death or illness of any horse, person or property before, during or after the sale. In the event of any legal dispute between a buyer and owner, Magic Horse Auction, LLC will occupy the position of agent for a disclosed principal and stakeholder and will be discharged from all obligation upon delivery of any property and/or funds held, to a court having jurisdiction of such dispute. EACH HORSE OFFERED IN THIS SALE IS SOLD “AS IS'' AND WITH ALL DEFECTS. OWNERS, BIDDERS AND BUYERS CONSENT TO RECEIVE ELECTRONIC MESSAGES PERTINENT TO ANY AND ALL AUCTION BUSINESS VIA TEXT, EMAIL AND PHONE WHICH MAY BE SENT THROUGH AN AUTOMATIC SYSTEM FROM MAGIC HORSE AUCTION, LLC AND ITS AFFILIATES. ATTESTING TO THE TERMS AND CONDITIONS IS OPTING IN FOR THESE TYPES OF COMMUNICATIONS.
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BUYER REGISTRATION/PRE-SALE PURCHASE ARRANGEMENTS - Every potential buyer must pre-register prior to bidding. MAGIC HORSE AUCTION, LLC RESERVES THE RIGHT TO ACCEPT OR REJECT ANY REQUEST FOR BUYER OR OWNER PARTICIPATION ON MAGIC HORSE AUCTION’S ONLINE TIMED AUCTION. Non-US Bidders – Foreign buyers are welcome. To participate please note US funds and a form of positive identification are necessary. ALL PAYMENTS MUST BE MADE DIRECTLY TO MAGIC HORSE AUCTION, LLC.
Methods of payment accepted from all buyers are:
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US Bank wire transfer (RECOMMENDED)
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Mastercard, Visa, Discover, or Debit Card
A 3% office processing/buyers transaction fee will be added to the final bid for any horse purchased to determine the total purchase price. As a bidder if you win an auction you are required to make transport arrangements with the seller within 48 hours at the end of the auction, contact the seller and make all necessary transport arrangements with the seller of the horse. (Payment must be confirmed first). Magic Horse Auction is not responsible for making these arrangements.
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A CONVENIENCE FEE OF 3.5% WILL BE CHARGED FOR ALL CREDIT CARD OR DEBIT CARD PURCHASES, TO BE PAID BY THE BUYER AS PART OF THE PURCHASE PRICE.
4. ALL ONLINE DISPLAYED HORSE INFORMATION ERRORS AND ANNOUNCEMENTS ALL ELIGIBILITIES NOTED WITHIN THE MAGIC HORSE AUCTION’s AUCTION SITE HAVE BEEN PROVIDED BY THE OWNER AND HAVE NOT BEEN VERIFIED BY MAGIC HORSE AUCTION, LLC
The accuracy of all information regarding all horses is the sole responsibility of the owner. While certain information may have been procured by Magic Horse Auction, LLC from third parties on behalf of the owner, it is nonetheless solely the responsibility of the owner to verify the accuracy of such information. Magic Horse Auction, LLC nor any representative thereof, does not assume any responsibility or liability for errors or omissions, or for any verbal or written statement regarding the horse sold. If a prospective buyer is not sure about the displayed information regarding a horse up for bidding, he should immediately consult with the owner.
5. WARRANTIES & EXPRESSED LIMITED WARRANTIES: BUYERS ARE ENCOURAGED TO PRE-INSPECT AND ARE CAUTIONED TO CAREFULLY EXAMINE ANY HORSE PRIOR TO BIDDING OR PURCHASING
Potential buyers, at their expense, have the option to have a veterinary examination performed on any horse prior to the close of bidding. Owner’s permission must be obtained prior to any such examination.
BUYERS CANNOT HAVE WHAT IS KNOWN AS A COMPLETE PRE-SALE VETERINARY EXAMINATION OF ANY HORSE AFTER PURCHASE.
There is no warranty, express or implied, by Magic Horse Auction, LLC or any representative as to the soundness, condition, merchantability or fitness for any particular purpose of any horse offered for sale. It is the position of Magic Horse Auction, LLC that all horses are sold “AS IS'' with all existing conditions and defects. Any guarantees announced verbally on behalf of the owner are strictly between owner and buyer. In addition to speaking with the sellers the prospective buyers have the option to go and test ride any horse before they bid. BEFORE the auction ends is the time to go test the horses out, NOT after you win an auction.
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48 HOUR RULE: BUYERS CANNOT HAVE A VETERINARIAN PERFORM WHAT IS KNOWN AS A COMPLETE PRE-SALE EXAMINATION OF ANY HORSE AFTER PURCHASE. ALL BIDS ARE LEGALLY BINDING AND ARE NOT ABLE TO BE RETRACTED.
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6. OWNERS RIGHT TO BID, RESULTS, BIDS -This auction is conducted “with reserve”, meaning the right to bid is reserved by the owner. To protect the desired sale price for the horse. Magic Horse Auction, LLC reserves the right to bid on the behalf of the owner up to the amount of the reserve bid. If the owner or its representative makes a final bid equal to or greater than the reserve, the owner will pay the 13% sale commission due. Magic Horse Auction, LLC is not responsible in anyway or liable if consigned horse(s) is sold or not sold, results may vary per horse/auction. Magic Horse Auction, LLC is not responsible or liable in any way if a non-payee (winning bidder) or a fraudulent/problem bidder bids and or wins a bid, Magic Horse Auction, LLC not obligated in any way to reimburse owner for any cost or fees for unsold horses or fraudulent/problem bidders. Magic Horse Auction, LLC makes no guarantees of results or responsible for results.
7. BIDDING PROCESS, DISPUTES, MALFUNCTIONS
Magic Horse Auction, LLC reserves the right to reject any and all bids. Should any dispute arise between two or more bidders, Magic Horse Auction, LLC shall settle said dispute and that decision shall be absolute, final and binding on all parties. In the event of known equipment malfunction, the auction will be stopped. If the malfunction has not affected the sale of horses sold prior to the malfunction, they will be considered sold. The auction will proceed upon correction of the malfunction. When bidding on a horse as a bidder you have the option to compete in the auction and place one bid at a time or just put in a maximum bid and allow the proxy bid software to bid the lowest amount possible on your behalf each time you are outbid. Each auction will have a scheduled end time/date but be aware that during the last 2 minutes of the auction that 2 minutes will be added to the clock every time that a bid is placed so that there is no chance of a last-second “sniper” bid which is so common on other bidding sites as time expires.
8. TITLE AND RISKS
Title transfers immediately to the buyer at the final and winning bid. Title transfer includes all risk of loss including but not limited to illness, injury or death of the horse. Additionally, at title transfer, the buyer assumes all responsibility for the care and maintenance of the horse, for any loss or damage to property and for injury or death of persons caused by the horse, buyer or buyer’s employees. Additionally, the buyer agrees to hold harmless Magic Horse Auction, LLC for such loss or damage.
TITLE AND RISKS ARE ASSUMED BY THE BUYER WHETHER OR NOT SETTLEMENT AND DELIVERY HAVE BEEN MADE. THIS SHALL ESPECIALLY BE THE CASE WITH PURCHASES MADE BY PHONE OR ONLINE.
9. DEFAULT
Buyers who fail in any respect whatsoever to pay for any horse under these terms shall be declared in default. Defaulting on a purchase will result in a $1,000 breach of contract charge to the defaulting buyer’s credit card on file. Any horse purchased by a defaulter may be resold by the seller at public or private sale without notice for the buyer's account. Costs of such resale will be those of the defaulter. Should such resale fail to satisfy the defaulter’s account in full, the defaulter will immediately pay to the seller, the amount owing or be subject to legal suit. The defaulter will be responsible for all costs, including attorney’s fees incurred by seller or Magic Horse Auction, LLC in collection of amounts owing for horse(s) purchased, or in enforcement or interpretation of this term of sale.
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10. DEFAULT
Buyers who fail in any respect whatsoever to pay for any horse under these terms shall be declared in default. Any horse purchased by a defaulter may be resold by the seller at public or private sale without notice for the buyer's account. Costs of such resale will be those of the defaulter. Should such resale fail to satisfy the defaulter’s account in full, the defaulter will immediately pay to the seller, the amount owing or be subject to legal suit. The defaulter will be responsible for all costs, including attorney’s fees incurred by seller or Magic Horse Auction, LLC in collection of amounts owing for horse(s) purchased, or in enforcement or interpretation of this term of sale.
11. LIEN/SECURITY INTEREST
To secure the payment of the purchase price and expenses for any horse purchased, together with all other indebtedness owed or hereafter owing by the buyer to seller the buyer hereby grants a purchase money security interest and lien in and to each horse and all accounts, contract rights, registration papers, breeder’s certificates, records, general intangibles, proceeds and products relating thereto.
12. TRANSFERS/REGISTRATION CERTIFICATES
NO REGISTRATION CERTIFICATES FOR PURCHASED HORSES WILL BE RELEASED UNTIL PAYMENT IS RECEIVED AND CLEARED. THERE IS ABSOLUTELY NO EXCEPTION TO THIS RULE. ALL PAPERWORK WILL BE HELD BY SELLER UNTIL BUYER’S PAYMENT BECOMES UNCONDITIONAL PAYMENT.
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13. POST SALE REMOVAL
All sold horses must be removed from the seller's property in a timely fashion as agreed between buyer and seller. Sold Horses on the seller's property remain at the risk, responsibility, and expense of the buyer. Any delays in TRANSPORT must be pre-approved by the seller OR You may pick up your purchase in person. Each seller will be able to work with the buyers TO ARRANGE TRANSPORTATION at buyer's expense with a TRANSPORT company if needed, to any state or Canada. International TRANSPORT is also an option at buyer's expense.