| Name | VanAuken Online Only Mineral Right Auction |
|---|---|
| Auctioneer | Smith & Co. Auction & Realty, Inc. |
| Type | Online-Only Auction |
| Date(s) | 6/17/2022 - 7/6/2022 |
| This is an On-Line Only Auction will begin to Close Wednesday July 6th @ 1:00 p.m. CST. | |
| Checkout Date/Time | On-line Buyer’s will be required to wire-transfer 10% of the purchase price to place in escrow on sale day, with balance due upon proof of marketable title. |
| Location | |
| Buyer Premium | 0% is added to the hammer price. |
| Description |
**Auction Ends at 1:00 p.m. with a ‘soft’ close. This means if someone bids in the last 2 minutes before the Tract closes, the bidding will be extended by 2 minutes allowing additional time to place another competing bid. This mimics a live auction setting. **
Tract 1- A 53.3± undivided tract of mineral interest in the S/2 SW/4 of Section 9 T23N R19 WIM, Woodward County, OK – Open Mineral Rights
Tract 2- A 26.6± undivided tract of mineral interest in the S/2 SW/4 of Section 20 T23N R17 WIM, Woodward County, OK – Open Mineral Rights
For More Info, Contact Ira Smith 580-334-6001 or email ira@smithcoauctions.com.
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Auction Terms & Conditions By registering, bidder agrees to all terms and conditions as set forth by Smith & Company Auction & Realty, Inc. Buyer will be required to sign contract and place 10% of the purchase price in escrow on sale day, with balance due within 30 days of sale. Buyer will receive a mineral deed only, no abstract. Buyers should arrange financing and satisfy themselves as to actual record title prior to sale day. All information given comes from resources we believe to be reliable but in no way is guaranteed.
Announcements made sale day supersede all advertisements. Online Bidders may bid via our website at smithcoauctions.com. Smith & Company Auction & Realty, Inc. is not responsible for any errors in bids, omissions of bids, or failure to execute bids and shall have no liability to any bidder for any technical or other failure associated with the internet. On-line Buyer’s will be required to wire-transfer 10% of the purchase price to place in escrow on sale day. ON-LINE REGISTRATION MUST BE COMPLETE AT LEAST 24 HOURS PRIOR TO SALE DAY.
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Terms Of Use
Seller User Terms
Bidder User Terms
Seller User Terms
Bidder User Terms
Your bid must adhere to the bid increment schedule.
| Bid Amount | Bid Increment |
|---|---|
| 0.00 - 100.00 | 5.00 USD |
| 100.01 - 1,000.00 | 25.00 USD |
| 1,000.01 - 10,000.00 | 250.00 USD |
| 10,000.01 - 100,000.00 | 2,500.00 USD |
| 100,000.01 - 9,999,999.99 | 10,000.00 USD |
| Currency | USD |
|---|---|
| Buyer Premium | 0% is added to the hammer price. |
| Payment Terms |
Once bids have closed, you will be sent contracts via DocuSign. Buyer will be required to place 10% of the purchase price in escrow on sale day, with balance due upon proof of marketable title.
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