K and L Liquidations
Phone: (847) 854-9913 | Fax: (224) 333-0196
Bob King Auctions BBB Business Review

    We are in the URGENCY business...   Available 7 days a week


Is there a deposit?
Yes, a $200.00 cash deposit is required to get a bidder's card. This deposit is refundable when you leave or at the end of the auction when you return your bidder's card.

What forms of payment do you accept?
We accept cash, check with bank letter of guarantee, Visa, MasterCard or Discover.

For items purchased at our Liquidation Facility, payments may be made by cash, Visa, MasterCard and Discover.

What is a bank letter of guarantee?
A bank letter of guarantee is a document provided by your financial institution that guarantees that you have funds available, and will irrevocably honor and guarantee payment from your account to make purchases via check at our auction. Download a Template (MS Word).

When am I required to make payment for items that I have purchased?
All items must be paid for in full after you are finished buying or immediately after the completion of the auction.

How long do I have to remove items that I have purchased?
A removal schedule will be announced and posted on sale day. Removal time may be very limited. Plan on removing your property as soon as possible. Bring extra help to watch and protect your property.

Will there be anyone onsite to watch or protect my equipment?
NO! Once the auctioneer has sold an item it becomes the sole responsibility of the buyer. Transfer of ownership occurs when the auctioneer says, "sold", even though the item may not be paid for. Once you have made a purchase you may begin taking items to your vehicle. It is recommended that you bring a second person or more with you on sale-day to protect your property. Refunds will NOT be given for missing items. Be prepared!

When can I preview?
We open the doors one hour prior to the start of a sale or earlier as posted for large auctions.

Do you charge sales tax?
All applicable state, county and city sales taxes apply. Items that were used to operate the business are tax exempt at most auctions. If you will be reselling the items, bring a copy of your resellers' certificate to the auction. This is a MUST as we have to keep it on file.

What do I need to bring to register as a bidder?

If you are paying with cash, all you need to register is a valid IL driver's license or State ID Card, $200.00 refundable cash deposit and your tax exemption certificate (if applicable). If you are paying with a check, you will also need your bank letter of Guarantee - (see above).

I cannot make it to the sale in person. How can I bid on an item?

Please call the office for specific information. It is our suggestion that you do not bid on unseen items. Come early for preview and leave a bid. We will have the item(s) in which you are interested bid on as if you were there…starting wherever we get a bid and not exceeding your maximum.

Do you accept consignments at your auctions?
In order to accommodate customers, we do a "Warehouse Sale" at our Commercial Sale Site in Elgin, IL. It's an excellent tool for liquidating. We only accept CLEAN, WORKING fixtures and equipment. Click the link for Consignment Info Sheet.

What is the Buyer's Premium?
The Buyer's Premium is the fee added to your total purchases that helps cover the cost of the auction. Our Buyer's Premium is 15%. A 2% discount will be given if payment is by cash. 18% if purchased on-line.

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