Terms of Service

Last updated: June 2026

1. Eligibility

Loopstone Wholesale is a B2B platform open to registered businesses only. By registering, you confirm that you are acting on behalf of a legally registered business entity and are authorized to make purchasing decisions.

2. Bidding & Binding Contracts

All bids are legally binding. Placing a bid constitutes a binding offer to purchase at that price plus the buyer's premium. The highest bidder at auction close is obligated to complete the purchase.

3. Buyer's Premium

A 12% buyer's premium is added to the final hammer price of all lots. The total amount due is the hammer price plus the buyer's premium plus applicable taxes.

4. Payment

Payment is due within 48 hours of receiving the invoice. Accepted methods: ACH bank transfer, wire transfer. Non-payment may result in account suspension and forfeiture of future bidding privileges.

5. All Sales Final

All sales are final. Merchandise is sold as-is. Condition grades and manifests are provided as a courtesy and are not a warranty. Buyers are encouraged to inspect merchandise in person prior to bidding.

6. Pickup

Merchandise must be picked up within 5 business days of payment. Storage fees may apply after this period. Merchandise not picked up within 30 days may be forfeited without refund.

7. Account Termination

We reserve the right to suspend or terminate any account for non-payment, fraudulent activity, or violation of these terms at our sole discretion.

8. Contact

Questions about these terms: info@loopstone.net