Metal Machining Shop Excess Equipment Liquidation

 

BIDDING: All bids must be submitted using the online bidding system. Buyer is responsible to confirm their bids for accuracy. Bidders may receive outbid notifications via email up until the last day of the auction, after which time you must log in to the bidding site to confirm your bids. Auctioneer is providing Internet bidding as a service to Buyer using a Third Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted. Auctioneer reserves the right to add to, group, withdraw or re-catalog items in this auction, as well as adjust minimum bids and/or reserve prices and extend or shorten closing times.

 

GROUPED EXTENSION FEATURE: This auction features a grouped bid extension. Each item will sell individually as a "lot,” but all lots are tied together by the auction clock. Once we get within 5 minutes of the bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.

This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "live auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid.

With that in mind, don't wait out the bid until the last second, because the auction will remain open. Waiting it out can only put you at risk for not getting your bid in before the 5-minute clock runs out.

 

TERMS:  All items must be paid for in full via wire transfer only and within 48 hours after the auction closes. Wire transfer instructions will be provided to winning bidders.

 

REMOVAL TIMES & RULES: No items may be removed until payment in full is received. All items MUST be removed following the auction and no later than 5:00 PM Thursday, December 13 unless approved by auctioneer.

Pickup/ Removal days are Wednesday & Thursday, December 12 & 13  from 10:00 AM - 5:00 PM. Contact Rickey Heaton to facilitate extended time for pickup of larger purchases, but please note that the process must begin within specified time frame.

Buyers are responsible for all aspects of removal at their own risk and cost. Buyers must present an acceptable removal plan prior to removal. All materials that can be removed by hand/ hand truck/ cart, etc. may be removed by the buyer during pickup times scheduled.

Equipment requiring removal by a professional rigger must be scheduled by appointment. All removal requiring more than hand carry of items will require an insurance binder for liability in the minimum amount of $1,000,000 naming seller and auction company as additional insured. Please contact office for details

Buyers are responsible for all aspects of removal, including removal and storage of all related machinery fluids. Buyers must employ professional riggers or have the required bond and insurance to remove larger equipment and systems.

 

SALES TAX:  A 7% sales tax will be added to all items sold UNLESS buyer submits proper tax exempt forms.

 

BUYER’S PREMIUM FEE ADDED:  All items sold onsite at this auction will be sold with a fifteen percent (15%) buyer’s premium fee added to the winning bid to determine the purchase price.  

 

ALL SALES FINAL: A successful bid at auction, whether live or online, constitutes a legally binding contract of sale. All sales are final. There will be no refunds, returns or exchanges. All items are being sold “AS IS, WHERE IS” with no warranties expressed or implied. Buyers should carefully verify all items and make their own decision as to the accuracy thereof before relying on same. Items may be added or deleted without notice. All items subject to prior sale. Bid increments are at the Auctioneer's’ discretion.

 

FAILURE TO PAY: In the event Buyer fails to pay the entire purchase price by the payment deadline, the items purchased shall be deemed abandoned and Buyer will lose any right, title or interest Buyer may have acquired and the items shall revert and repossess to Auctioneer without further notice to Buyer. In addition, Buyer may be prohibited from participating in future auctions.

 

REPRESENTATIONS: All items are being sold As-Is with no warranty. Auctioneer shall not be responsible for the correct description, authenticity, genuineness of or defect in any lot, and makes no warranty in connection therewith. On-site inspection of items being sold is recommended. Auctioneer makes every effort to provide accurate information about the items being sold. However, neither Auctioneer nor its Client will assume responsibility for Buyer’s bidding errors. It is Buyer’s full responsibility to confirm the accuracy of items offered for sale. Buyers are recommended to inspect all items. Descriptions and photos are offered as a guide only. Do not rely solely on photos to make buying decisions, be sure to read descriptions. Auctioneer shall not be held responsible for such errors as posting the wrong photo for an item. When in doubt about the condition of an item, please bid accordingly. All items advertised in the auction are subject to removal from the auction at any time. Unless advertised as “ABSOLUTE”, items are sold subject to Seller confirmation.

 

ENVIRONMENTAL HAZARDS: In the event purchased merchandise contains any environmental hazards, toxic waste or other type of hazardous material, Buyer shall provide evidence that Buyer or its representatives are licensed for such removal and shall comply with all applicable local, state and/or federal rules, laws and regulations. Auctioneer, its agents or representatives will not be responsible for its containment, storage or removal.

 

FAILURE TO REMOVE PURCHASES: In the event items are not removed in the time frames allotted, the items purchased shall be deemed abandoned and Buyer will lose any right, title or interest Buyer may have acquired and the items shall revert and repossess to Auctioneer without further notice to Buyer. Auctioneer shall also be entitled to any costs associated with the removal, storage and reselling of Buyer's items, and any other charges, fees, and expenses incurred as a result of Buyer's failure, including all attorney fees and costs incurred by Auctioneer to enforce Buyer’s obligations hereunder.

 

NON-DELIVERY: Until such time as purchased items are removed from the premises by the Buyer, Auctioneer shall have the right to cancel or void the sale of any such items purchased by Buyer. Auctioneer shall have no liability to Buyer due to the non-delivery of any purchased item other than the return of Buyer’s payment. No claim of any kind for purchased items, whether or not based on negligence, shall be greater in amount than the purchase price paid by Buyer.

 

ABSENCE OF WARRANTIES: The condition of the items being offered varies. The Buyer understands and agrees:

(1) any description or sample of the items given or furnished by Auctioneer is solely for identification, and does not create any warranty expressed or implied, that the item actually conforms to such description or sample

(2) Buyer or agent on Buyer’s behalf has inspected or has had the opportunity to inspect all of the items upon which Buyer will be bidding and/or does purchase

(3) all items are purchased and accepted by Buyer “AS IS”, “WHERE IS” and “WITH ALL FAULTS”. AUCTIONEER MAKES NO WARRANTIES OR GUARANTEES WHATSOEVER WHETHER WRITTEN, ORAL OR IMPLIED AS TO QUALITY, AUTHENTICITY, QUANTITY, CONDITION, USEABILITY, SALEABILITY, WEIGHT, MEASUREMENT, YEAR, MODEL, MECHANICAL CONDITION, PERFORMANCE, OR OTHER SPECIFICATIONS, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR WARRANTY AGAINST PATENT, TRADEMARK, COPYRIGHT OR TRADE SECRET INFRINGEMENT

(4) in the event there are manufacturer warranties in effect for the item purchased, Buyer must make all claims thereunder directly with the provider of the warranty. No statement or statements of any other paragraph herein shall be construed to in any way contradict the provisions of this paragraph.

 

ACTS OF OTHERS: Persons in attendance during inspection, sale or removal of merchandise assume all risks of damage or loss to persons, property, or merchandise and shall exercise proper precautions at all times for the protection of persons and property and shall comply with all safety and health requirements as directed by Auctioneer, and local, state and federal regulations. Neither Auctioneer, its agents, its employees or representatives shall be liable by reason of any defect in or about the condition of the premises on which the auction is held. Buyer specifically releases Auctioneer, its agents and representatives from all liability thereof.

 

LIMITS OF LIABILITY: In no event shall Auctioneer’s liability to Buyer exceed the purchase price actually paid for an individual item or lot. A Buyer’s claim shall be limited to the amount paid for the merchandise, and shall not extend to any obligation, risk, liability, right, claim, remedy for loss of use, revenue or profit, liability of Buyer to any third party, personal injury, or any other direct, indirect, incidental or consequential damages. Buyer further acknowledges that each item it purchases at the sale represents a separate transaction, and that no one transaction shall be conditioned upon another transaction. Buyer hereby holds Auctioneer harmless from: (1) the acts or omission of any party who provided any items to Auctioneer for sale, (2) the acts or omission of the owner or Lessor of the auction site or the site where the auctioned items are stored, (3) any claims Buyer may have against Auctioneer, Auctioneer’s client(s) or any former owner of the property being sold, (4) Buyer’s failure in any way to properly inspect items and/or fulfill its obligations per the terms and conditions of the sale, as indicated within this document or as announced by Auctioneer at the time of sale. Auctioneer is providing Internet bidding as a service to Buyer using a 3rd Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted.

 

RIGHT OF REMOVAL: Auctioneer reserves the right to remove any person from the auction site and to refuse that individual’s bid, whether offered live, by proxy or by Internet. In such event, any outstanding deposit will be immediately returned.

 

INDEMNIFICATION: Buyer shall indemnify, hold harmless and defend Auctioneer, owners and building owners from and against any and all losses, damages, liabilities and claims, including attorney fees, costs and expenses arising out of based upon or resulting from:

(1) failure to secure all safety equipment and to meet all applicable government safety standards in removing items purchased or used by Buyer

(2) failure to comply with safety instructions issued to Buyer from Auctioneer

(3) any act or omission of Auctioneer, owners, building owners or their respective agents, representatives or employees, relating to or affecting the items bid on or purchased by Buyer

(4) the claim of any third party claiming or challenging title to any items purchased by Buyer or claiming infringement of any proprietary interest

(5) the claim of any person resulting from Auctioneer offering for sale or selling the items purchased by Buyer

(6) any injury to Buyer or any other person or property of any type whatsoever caused during the inspection, dismantling, removing or transporting of items purchased by Buyer.

 

BIDDING: All bids must be submitted using the online bidding system. Buyer is responsible to confirm their bids for accuracy. Bidders may receive outbid notifications via email up until the last day of the auction, after which time you must log in to the bidding site to confirm your bids. Auctioneer is providing Internet bidding as a service to Buyer using a Third Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted. Auctioneer reserves the right to add to, group, withdraw or re-catalog items in this auction, as well as adjust minimum bids and/or reserve prices and extend or shorten closing times.

 

GROUPED EXTENSION FEATURE: This auction features a grouped bid extension. Each item will sell individually as a "lot,” but all lots are tied together by the auction clock. Once we get within 5 minutes of the bid deadline, any bid placed on Any of the assets will extend All of the assets another 5 minutes. This extension will continue until no bids are placed on any of the assets in a five-minute window.

This feature is in place partially to prevent "sniping" which can occur on online auctions with a hard deadline. It recreates the action of a "live auction". If your opponent bids in the waning seconds of the auction, you still get another chance to bid.

With that in mind, don't wait out the bid until the last second, because the auction will remain open. Waiting it out can only put you at risk for not getting your bid in before the 5-minute clock runs out.

 

TERMS:  All items must be paid for in full via wire transfer only and within 48 hours after the auction closes. Wire transfer instructions will be provided to winning bidders.

 

REMOVAL TIMES & RULES: No items may be removed until payment in full is received. All items MUST be removed following the auction and no later than 5:00 PM Thursday, December 13 unless approved by auctioneer.

Pickup/ Removal days are Wednesday & Thursday, December 12 & 13  from 10:00 AM - 5:00 PM. Contact Rickey Heaton to facilitate extended time for pickup of larger purchases, but please note that the process must begin within specified time frame.

Buyers are responsible for all aspects of removal at their own risk and cost. Buyers must present an acceptable removal plan prior to removal. All materials that can be removed by hand/ hand truck/ cart, etc. may be removed by the buyer during pickup times scheduled.

Equipment requiring removal by a professional rigger must be scheduled by appointment. All removal requiring more than hand carry of items will require an insurance binder for liability in the minimum amount of $1,000,000 naming seller and auction company as additional insured. Please contact office for details

Buyers are responsible for all aspects of removal, including removal and storage of all related machinery fluids. Buyers must employ professional riggers or have the required bond and insurance to remove larger equipment and systems.

 

SALES TAX:  A 7% sales tax will be added to all items sold UNLESS buyer submits proper tax exempt forms.

 

BUYER’S PREMIUM FEE ADDED:  All items sold onsite at this auction will be sold with a fifteen percent (15%) buyer’s premium fee added to the winning bid to determine the purchase price.  

 

ALL SALES FINAL: A successful bid at auction, whether live or online, constitutes a legally binding contract of sale. All sales are final. There will be no refunds, returns or exchanges. All items are being sold “AS IS, WHERE IS” with no warranties expressed or implied. Buyers should carefully verify all items and make their own decision as to the accuracy thereof before relying on same. Items may be added or deleted without notice. All items subject to prior sale. Bid increments are at the Auctioneer's’ discretion.

 

FAILURE TO PAY: In the event Buyer fails to pay the entire purchase price by the payment deadline, the items purchased shall be deemed abandoned and Buyer will lose any right, title or interest Buyer may have acquired and the items shall revert and repossess to Auctioneer without further notice to Buyer. In addition, Buyer may be prohibited from participating in future auctions.

 

REPRESENTATIONS: All items are being sold As-Is with no warranty. Auctioneer shall not be responsible for the correct description, authenticity, genuineness of or defect in any lot, and makes no warranty in connection therewith. On-site inspection of items being sold is recommended. Auctioneer makes every effort to provide accurate information about the items being sold. However, neither Auctioneer nor its Client will assume responsibility for Buyer’s bidding errors. It is Buyer’s full responsibility to confirm the accuracy of items offered for sale. Buyers are recommended to inspect all items. Descriptions and photos are offered as a guide only. Do not rely solely on photos to make buying decisions, be sure to read descriptions. Auctioneer shall not be held responsible for such errors as posting the wrong photo for an item. When in doubt about the condition of an item, please bid accordingly. All items advertised in the auction are subject to removal from the auction at any time. Unless advertised as “ABSOLUTE”, items are sold subject to Seller confirmation.

 

ENVIRONMENTAL HAZARDS: In the event purchased merchandise contains any environmental hazards, toxic waste or other type of hazardous material, Buyer shall provide evidence that Buyer or its representatives are licensed for such removal and shall comply with all applicable local, state and/or federal rules, laws and regulations. Auctioneer, its agents or representatives will not be responsible for its containment, storage or removal.

 

FAILURE TO REMOVE PURCHASES: In the event items are not removed in the time frames allotted, the items purchased shall be deemed abandoned and Buyer will lose any right, title or interest Buyer may have acquired and the items shall revert and repossess to Auctioneer without further notice to Buyer. Auctioneer shall also be entitled to any costs associated with the removal, storage and reselling of Buyer's items, and any other charges, fees, and expenses incurred as a result of Buyer's failure, including all attorney fees and costs incurred by Auctioneer to enforce Buyer’s obligations hereunder.

 

NON-DELIVERY: Until such time as purchased items are removed from the premises by the Buyer, Auctioneer shall have the right to cancel or void the sale of any such items purchased by Buyer. Auctioneer shall have no liability to Buyer due to the non-delivery of any purchased item other than the return of Buyer’s payment. No claim of any kind for purchased items, whether or not based on negligence, shall be greater in amount than the purchase price paid by Buyer.

 

ABSENCE OF WARRANTIES: The condition of the items being offered varies. The Buyer understands and agrees:

(1) any description or sample of the items given or furnished by Auctioneer is solely for identification, and does not create any warranty expressed or implied, that the item actually conforms to such description or sample

(2) Buyer or agent on Buyer’s behalf has inspected or has had the opportunity to inspect all of the items upon which Buyer will be bidding and/or does purchase

(3) all items are purchased and accepted by Buyer “AS IS”, “WHERE IS” and “WITH ALL FAULTS”. AUCTIONEER MAKES NO WARRANTIES OR GUARANTEES WHATSOEVER WHETHER WRITTEN, ORAL OR IMPLIED AS TO QUALITY, AUTHENTICITY, QUANTITY, CONDITION, USEABILITY, SALEABILITY, WEIGHT, MEASUREMENT, YEAR, MODEL, MECHANICAL CONDITION, PERFORMANCE, OR OTHER SPECIFICATIONS, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR WARRANTY AGAINST PATENT, TRADEMARK, COPYRIGHT OR TRADE SECRET INFRINGEMENT

(4) in the event there are manufacturer warranties in effect for the item purchased, Buyer must make all claims thereunder directly with the provider of the warranty. No statement or statements of any other paragraph herein shall be construed to in any way contradict the provisions of this paragraph.

 

ACTS OF OTHERS: Persons in attendance during inspection, sale or removal of merchandise assume all risks of damage or loss to persons, property, or merchandise and shall exercise proper precautions at all times for the protection of persons and property and shall comply with all safety and health requirements as directed by Auctioneer, and local, state and federal regulations. Neither Auctioneer, its agents, its employees or representatives shall be liable by reason of any defect in or about the condition of the premises on which the auction is held. Buyer specifically releases Auctioneer, its agents and representatives from all liability thereof.

 

LIMITS OF LIABILITY: In no event shall Auctioneer’s liability to Buyer exceed the purchase price actually paid for an individual item or lot. A Buyer’s claim shall be limited to the amount paid for the merchandise, and shall not extend to any obligation, risk, liability, right, claim, remedy for loss of use, revenue or profit, liability of Buyer to any third party, personal injury, or any other direct, indirect, incidental or consequential damages. Buyer further acknowledges that each item it purchases at the sale represents a separate transaction, and that no one transaction shall be conditioned upon another transaction. Buyer hereby holds Auctioneer harmless from: (1) the acts or omission of any party who provided any items to Auctioneer for sale, (2) the acts or omission of the owner or Lessor of the auction site or the site where the auctioned items are stored, (3) any claims Buyer may have against Auctioneer, Auctioneer’s client(s) or any former owner of the property being sold, (4) Buyer’s failure in any way to properly inspect items and/or fulfill its obligations per the terms and conditions of the sale, as indicated within this document or as announced by Auctioneer at the time of sale. Auctioneer is providing Internet bidding as a service to Buyer using a 3rd Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted.

 

RIGHT OF REMOVAL: Auctioneer reserves the right to remove any person from the auction site and to refuse that individual’s bid, whether offered live, by proxy or by Internet. In such event, any outstanding deposit will be immediately returned.

 

INDEMNIFICATION: Buyer shall indemnify, hold harmless and defend Auctioneer, owners and building owners from and against any and all losses, damages, liabilities and claims, including attorney fees, costs and expenses arising out of based upon or resulting from:

(1) failure to secure all safety equipment and to meet all applicable government safety standards in removing items purchased or used by Buyer

(2) failure to comply with safety instructions issued to Buyer from Auctioneer

(3) any act or omission of Auctioneer, owners, building owners or their respective agents, representatives or employees, relating to or affecting the items bid on or purchased by Buyer

(4) the claim of any third party claiming or challenging title to any items purchased by Buyer or claiming infringement of any proprietary interest

(5) the claim of any person resulting from Auctioneer offering for sale or selling the items purchased by Buyer

(6) any injury to Buyer or any other person or property of any type whatsoever caused during the inspection, dismantling, removing or transporting of items purchased by Buyer.