ONLINE AUCTION ONLY
Opens: Thursday, April 14 at 9:00am
Inspection: Monday, April 25 from 10:00am to 3:00pm
Staggered Close: Starting Tuesday, April 26 at 1:00pm
Auction Featuring: BRIDGEPORT CNC MILL TORQ-CUT 22; WASINO LATHE L3-J2; REID SURFACE GRINDER 2-C; CADILLAC TOOLROOM LATHE; HITACHI-SEKI TURRET LATHE 4A-II; HITACHI-SEIKO CNC MILL MACOMATIC 48V; BRIDGEPORT KNEE MILL SERIES I 2HP; TOOLING & MORE.
CNC MACHINE SHOP
Auction Opens: Thursday, April 14, 2022 @ 9:00 am ET
Inspection: Monday, April 25, 2022 from 10:00 am to 3:00 pm ET By Appointment Only. DO NOT COME TO THE AUCTION SITE WITHOUT A SPECIFIC APPOINMENT.
Auction Staggered Soft Close: Tuesday, April 26, 2022 Lots Begin to close @ 1:00 pm ET
Removal: Thursday & Friday, April 28 & 29 from 9:00 am to 3:00 pm ET each day.
20 Everett Street, New Rochelle, NY 10801
These are the complete and only terms and conditions on
which all property is offered for sale. By bidding in this
auction, prospective bidders agree to be legally bound by the
following:Please make sure you have read the terms of this auction before bidding.
Auction Terms & Conditions:
~Your Bid is a Contract to Buy~
Auction Agreement: By participating in this auction the bidder agrees to the following terms and conditions:
Location: 20 Everett Street, New Rochelle, NY 10801
Bidding Starts: Thursday, April 14, 2022 at 9:00 am ET
Lots Start to Soft Staggered Close: Tuesday, April 26, 2022 at 1:00 pm ET
Extended Bidding: Each item in this auction is subject to a Soft Close, meaning any bid arriving within the last 2 minutes of the item’s closing time, extends the time that item is open by 2 minutes. Soft Close begins at 1:00 pm ET on Tuesday, April 26, 2022.
Auction Preview Date: Inspection By Appointment Only Monday, April 25, 2022 from 10:00 am ET to 3:00 pm ET. Contact the Auction Company by phone (201)-871-1600 or email: info@caspert.com to make an appointment. DO NOT COME TO THE AUCTION SITE WITHOUT A SPECIFIC APPOINTMENT.
Payment: Invoices will be available in the winning bidder's account shortly after the conclusion of the auction (i.e. last lot sold). We offer multiple ways to pay for your purchase (Prior to Removal) but in no case later than Friday, April 29, 2022, unless prior arrangements have been made:
1) Cash at the Auction Site.
2) Pre-Approved Company Checks. Contact the Auction Company Prior to Bidding.
3) Certified or Cashier's checks.
4) Credit Cards (MasterCard or Visa). There will be a three percent (3%) convenience fee added for payments by Credit Cards. Credit Card payments may not exceed $2,500 and may not be made on site. Please contact the Auction Company in advance of pick up to authorize all Credit Card charges.
5) Wire transfers (a $15 service fee will apply). Please email mitchell@caspert.com for wire transfer instructions. Wire transfers can take up to 24-48 hours to complete and may be subject to local banking limitations so please make arrangements with your bank well in advance of the scheduled pick-up date as funds must be credited prior to the removal of any item from the auction site.All remaining unpaid invoices after the pick-up date deadline will be charged to the bidder's credit card on file the following business day.
Pick Up: Pick up will be on Thursday & Friday, April 28 & 29 Each Day from 9:00 am ET to 3:00 pm ET, thereafter by specific appointment, but no later than Friday, May 6. No weekends. Please contact the Auction Company to reserve a specific pick-up date and time.
Pick Up Location: Jem Architecturals, Inc., 20 Everett Street, New Rochelle, NY 10801
Removal: The buyer will be responsible for bringing help and equipment to load any item they have purchased. Bidders are responsible for palletizing, rigging, loading, and moving all items purchased without assistance from the Seller or the Auction Company. Boxes / pallets / containers / packaging supplies are the responsibility of the Bidder. Any items not removed by the conclusion of the scheduled pick-up (to wit; Friday, May 6) will be considered abandoned property.
Theft: Any instances or theft or vandalism will be prosecuted to the full extent of the law. Security surveillance cameras are present at the auction site. All purchased items must be removed from the auction site no later than within 1 week of purchase unless other arrangements are made directly with the Auction Company.
Shipping: The Seller and the Auction Company does not pack, palletize, store, crate, load, rig or ship items. Buyers may either pick up their items at the auction site personally or can arrange for a third-party logistics firm to manage the removal process for them. If someone other than the registered buyer is designated to pick up the items, the buyer must contract with an independent logistics firm or other representative who will pack, palletize, store, crate, load, rig and/or ship your purchased items to meet the deadlines indicated in this auction and authorize the Seller and the Auction Company to release items to a third party for packing, palletizing, storing, crating, loading, rigging or shipping purposes. Since the Seller and the Auction Company does not ship the items, the Seller and the Auction Company does not obtain or prepare any export licenses or documents. Further, the Seller and the Auction Company is not affiliated with any rigging, transport, or export company. We provide the names and contact information of available companies solely as a courtesy to our buyers and do not endorse or guarantee their services and are not responsible for any damage, omission or other problems incurred because of their actions.
Buyer's Premium: There is an eighteen percent (18%) Buyer's Premium in effect for this auction.
Credit Card Fee: There will be a three percent (3%) bank fee added to invoices paid with a credit/debit card.
Sales Tax: Sales Tax (8.38%) will be collected with each invoice. Any purchaser claiming a tax exemption must provide acceptable documented proof.
Disclaimer: All lots sell as is, where is, with all faults. The Seller and the Auction Company do not give or make any type of guarantee or warranty regarding the lots to be sold, implied or otherwise as to the quality, condition, performance, or nomenclature of any item to be offered, so buyer beware. The Seller and the Auction Company encourage all bidders to inspect lots in person before bidding. The Seller and the Auction Company are not responsible for incorrect listing information, if any. The Seller and the Auction Company have attempted to provide accurate descriptions of all items, however, it is the bidder's responsibility to determine the condition and suitability of each lot. Printed statements or descriptions by The Seller and the Auction Company are provided in good faith and are matters of opinion.
No Returns: All sales are final. There are no returns, refunds, or exchanges
Risk of Loss: Merchandise becomes the full responsibility of the bidder at time of payment and the bidder assumes all risk of loss and damage to the item(s) at that time.
Auction Ending: Beginning on Tuesday, April 26, 2022 at 1:00 pm ET, the auction software will conclude bidding for the auction lots in numerical lot order with the following exception: if a bid is placed in the last two (2) minutes remaining for any of the auction lots, bidding for that lot will remain open for an additional two (2) minutes. Example: Auction ending time is 10:00 am. A bid is made at 9:59 am. The bidding is then extended to 10:01 am.
Outbid Notification: Until the auction begins to close, the bidding software will notify bidders by email when they have been outbid.
Quantity Times the Bid: Quantity Times the Bid, also referred to as “times the money”, means that when similar or compatible items are being offered, the price for one item is multiplied by the number of items sold. For example, if the Quantity in the Item Description Box states a quantity of two, this means the item will be sold as “times the money”. If you are the high bidder at $100, you will pay $200 (plus fees) for these items.
Debt Collection and Interest Charges: The bidder agrees to pay all reasonable attorney fees and other costs incurred by the Seller and the Auction Company in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due the Seller and the Auction Company.
Guaranty Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment to the Seller and the Auction Company for any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorney's fee.
Resale: The Seller and the Auction Company reserve the right to resell any item not paid for in full by the conclusion of the stated pickup period. In any such event, the bidder will still be responsible for payment for the original purchase, buyer’s premium, sales tax, any shortfall and the costs of collection of this payment and/or damages resulting from the resale of the item(s).
Limitation of Liability: If, for any reason, the Seller or the Auction Company is unable to make available or deliver any purchase, or portion thereof, or documentation required in respect of any purchase, the sole liability of the Seller and the Auction Company, if any, shall be the return of monies paid in respect of such purchase upon its return by Purchaser.
Age Requirement: All bidders must be 21 years of age or older.
Bidder Information and Security: All registration information the bidder provides to the Seller and the Auction Company shall be current, complete, and accurate. All bidders are responsible for any bids placed under their bidding numbers and passwords. The security of bidder information is the responsibility of the bidder. Bidders guarantee that the information they supply to the Seller and the Auction Company is accurate. Users agree to indemnify and hold the Seller and the Auction Company harmless from any lawsuit based on users’ negligence or activities.
Online Auction Bidding Software Disclaimer: This is an “As-Is” Site. You accept that you use the Site to your own risk and without any guarantees or promises from the Seller or the Auction Company. This includes the functionality and operation of the Site. The Seller and the Auction Company do not guarantee that the Site will be operational 100% of the time and the Seller and the Auction Company do not guarantee that you will always be able to access the auction items listed on the site. The site is usually available 24 hours a day, 7 days a week. Therefore:
The Seller and the Auction Company shall not be liable for any damages arising from any interruption, suspension, or termination of the site.
The Seller and the Auction Company, in their sole discretion, may:
o Terminate, suspend or deny access to any bidder for any reason.
o Require the bidder to pre-authorize a refundable security deposit in order to bid.
o Terminate or suspend any bidder's registration to bid and the bidder’s account.
o Suspend bidding on any individual lot and/or all lots in this auction at any time.
o Extend the bidding ending date & time for any individual lot and/or all lots in this auction at any time.Information contained herein believed to be correct but not guaranteed. Announcements communicated on the day of auction or published / distributed on the Internet prior to the stated online auction ending time take precedence over previously published material and oral statements.
Thank You for your strict adherence to these Auction Terms & Conditions
