Richard A. Olson & Associates, Inc

 

Date(s) 7/11/2017 - 7/30/2017

Sunday, July 30th, 2017 @ 9am CST

Past Auction
Bidding Notice:

You are placing an absentee bid that will be submitted at the LIVE auction. This bid should reflect your MAX bid.

Auction Information
Name ABSENTEE - Tube Bending Machines & Welders
Auctioneer
Type Internet Absentee Bidding
Date(s) 7/11/2017 - 7/30/2017
Auction Date/Time Info
Sunday, July 30th, 2017 @ 9am CST
Preview Date/Time Call the office for preview dates.
Checkout Date/Time Sunday, July 30th, 2017 unless arrangements were made before bidding.
Location
Buyer Premium 5% Buyers Premium if online bid accepted
Description
All American Muffler & Brake went out of business and we will be conducting a live auction on the premesis July 30th @ 9am. We will be offering the following 4 items to place ABSENTEE BIDS before the live auction begins. Absentee bidding will end at 5am on July 30th. You must have the ability to move the equipment out of the location by the end of July unless prior arrangements are made with auction firm prior to bidding. How does absentee bidding work? When you find a lot on which you want to bid, register to participate in the auction. Once you're approved, go back to the lot page and input the MAXIMUM amount you are willing to pay for the lot. This amount is your absentee bid. Before the auction starts, we view all the absentee bids and calculate the winning absentee bid - the second highest bid plus one bid increment. Only the auctioneer will be notified of the winning absentee bid value. ------------------------------ Here is an example: -Erik places an absentee bid of $1,000 for Lot #123 -Dick places an absentee bid of $1,500 for Lot #123 -Dan places an absentee bid of $2,000 for Lot #123 -In this example, Dan will emerge as the winning bidder with an absentee bid amount of $1,600 ($1,500 plus one bid increment of $100). When the live auction starts, we notify the auctioneer of the internet absentee bid for $1,600. If no higher bids are received during the auction, Dan will be the winner. However, if a floor bidder places a bid above $1,600, the auctioneer will then bid on Dan's behalf up to his maximum of $2,000. We will never bid higher than Dan's maximum amount. ------------------------------ Call our office if you have any questions regarding the auction or online bidding. We encourage inspection of the products before bidding. Preview dates/times may available closer to auction date.
Terms: Cash or good check with proper ID on day of sale. Nothing removed until settled. All items are being sold as is with no stated or implied warranty. Sale day announcements take precedence over printed material. Buyers are responsible for all items after sold.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,900.00 100.00 USD
9,900.01 - 97,500.00 250.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 5% Buyers Premium if online bid accepted
Payment Terms
Cash or check. Additional 3% for credit cards payments.
No shipping available.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.