Auction Location: 59917 236th St, Gibbon, MN 55335
Phone: 320-327-2622
Lot Categories:
Auction Closed
05/02/2016 09:05 pm
Closed
This auction features a large inventory of tooling steel in many shapes and sizes. You are bidding on the price per 50 pounds. The winning bidder may hand select out of the inventory as much steel as they want, there is roughly 40000 lbs total. The minimum purchase is 1000 lbs, or 20 times the high bid.
WINNING BIDDER MUST SELECT AND PAY FOR THIS METAL WITHIN 4 DAYS OF AUCTION CLOSE!
Flexible Removal is by appointment
Free Forklift Loading Available!
This auction must be picked up with a vehicle sufficient to haul the load. Forklift loading is available at no charge. Winning bidder will weigh in, load, and weigh out to determine how many times the high bid on 50 lbs was loaded. Steel weight will be rounded UP to the next 50 pound increment.
WINNING BIDDER MUST SELECT AND PAY FOR THIS METAL WITHIN 4 DAYS OF AUCTION CLOSE!
Flexible inspection and removal is available, please call Jeff at 320-327-2622 to schedule an appointment.
| Bid Range | Minimum Increment | ||
|---|---|---|---|
| $0.01 | - | $75.00 | $1.00 |
| $75.01 | - | $150.00 | $5.00 |
| $150.01 | - | $250.00 | $10.00 |
| $250.01 | - | $500.00 | $25.00 |
| $500.01 | - | $1,000.00 | $50.00 |
| $1,000.01 | - | $5,000.00 | $75.00 |
| $5,000.01 | - | $50,000.00 | $100.00 |
| $50,000.01 | - | $75,000.00 | $250.00 |
| $75,000.01 | - | $100,000.00 | $500.00 |
| $100,000.01 | - | $2,500,000.00 | $1,000.00 |
| Discounted Buyer's Premium | Regular Buyer's Premium | Cap | |
|---|---|---|---|
| 10.00% | 13.00% | $3,250.00 |
This auction is contracted and managed by: New and Used Sale
Manager: Jeff Krueger
This auction is contracted and managed by New and Used Sales By placing a bid on this auction you are agreeing to the auction specific terms listed below in addition to K-BID user terms. For auctions contracted and managed by an Independent Affiliate, K-BID Online, Inc. is acting as a venue only and will not be involved in any disputes or issues regarding this auction. Everything is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase. There is a 13% BUYERS PREMIUM (13% BP) on this auction. All NON-Credit/Debit Card payments MADE IN-FULL (invoiced amount) will receive a 3% Reduction in BUYERS PREMIUM (10% BP). Applicable Minnesota Sales Tax will be collected. At the close of the auction active items will remain open until no bids have been received for three minutes. IMPORTANT NOTE: If the high bidder of an item does NOT acknowledge the purchase, K-BID systems reserves the right to determine how and to whom it will be resold. Buyer is responsible for all loading and rigging and must bring sufficient help and equipment to load. Auctioneer, New And Used Sale, LLC, or removal location owner are not liable for injuries or damage during removal. At the time the winning bidder pays the invoice in full, ownership of the asset and risk of loss passes immediately to the bidder. If a winning bidder pays the invoice in full, but does not take possession of the assets during the removal day, ownership and risk of loss will still transfer to the bidder. If we determine that the winning bid was not a bona fide bidder, the item WILL NOT AUTOMATICALLY go to the next second-highest bid. Please contact Jeff at 320-327-2622 with any questions prior to bidding. We accept Cash, and All Major Credit Cards.
Auction Terms Addendum
This auction is contracted and managed by an independent auctioneer. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.
Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies to conduct online auctions.
They are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.
Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.
Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.
Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.
Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.
Auction Process
Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.
If bidding privileges are suspended due to unpaid invoices:
Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.
Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.
Sales Tax
Applicable sales tax will be collected by the independent auction company managing the auction.
This auction must be picked up with a vehicle sufficient to haul the load. Forklift loading is available at no charge. Please call Jeff at 320-327-2622 to schedule a removal time.
