A condition of sale meaning the item is sold in its current state with no warranties, guarantees, or representations from the auction house. The buyer accepts the item with all faults. This is the standard for most estate sales and liquidation auctions.
How It Works in Practice
"As-is, where-is" is the most common auction condition term. It means what you see is what you get — no returns, no refunds, no claims for undisclosed defects. Despite as-is terms, professional auctioneers still write honest condition reports because accurate descriptions build bidder confidence and attract higher bids. The as-is clause protects the auction house legally, while the condition report protects the auctioneer's reputation.
Frequently Asked Questions
Can buyers return items bought at an as-is auction?
Should auctioneers still describe condition for as-is items?
Related Terms
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