Industrial Overhead Swing-Arm Jib-Crane
Lot #3
Item: 5c89-1771181

Waconia, MN

This Lot is:

Closed

Tue, Mar 27, 2018 8:02pm CDT

High Bidder: #267442

Current Bid:

$850.00

Next Required Bid: $900.00

Location / Contact:
1400 Mill Lane, Waconia, MN 55387
Phone: 763-742-8768

Lot Description:

Industrial Crane Commercial Overhead Swing-Arm Jib-Crane 

1-Ton Capacity

CM Loadstar 1-Ton Electric Hoist

In Working Condition 

Approx 22ft Overall Length 

Serial#: 23072

Three Phase 480Volt power supply 


Note: The Successful Bidder Is Responsible For The Safe Disassembly, Loading & Removal Within The Specified Removal Times

          It Is Highly Recommended To Attend The Inspection To Gain Perspective---No Equipment Or Man-Power Will Be Provided  

          Hiring A Rigging Company May Be Necessary For The Disassembly & Removal Of This Jib-Crane


Payment For This Item Must Be Made To Loretto Equipment By Friday March 30th (Cash, Certified Check Or Wire Transfer Only)


The successful bidders on this auction are responsible for the disassembly / loading / removal of all items on this auction---no equipment or man-power will be provided.

We highly encourage bidders to attend the inspection for this auction to gain perspective as well as see what equipment will be needed---Hiring a rigging company may be necessary and is highly encouraged as no equipment or man-power will be provided. 

A two-week time period is being allowed for the removal; beginning on Wednesday March 28th (8 a.m. to 5 p.m.) and ending on Wednesday April 11th (8 a.m. to 5 p.m.) Weekends are not available for removal.

Inspection

Auction Closing:

Tue, Mar 27, 2018
08:00 pm

Removal:


Bidding Increments:

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

Hammer Price TierBuyer's PremiumCap
$0.00 - $4,999.99 13.00%
$5,000.00 - infinity 10.00%$1,000.00


This auction is contracted and managed by: Loretto Equipment

Manager: Casey (P.O. BOX 24)


  1. Items are to be picked up on the posted date.

    Payment for items on this auction must be in cash or certified funds only. 

    This auction is contracted and managed by Loretto Equipment.

    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. 

    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. 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.

     


Auction Terms Addendum

This auction is contracted and managed by an independent affiliate. 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 (“Affiliates”) to conduct online auctions.
Affiliates 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.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

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

  • Items with a reserve will not sell unless the reserve price is met.
  • Affiliates may lower reserves at any time:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing 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:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

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 affiliate managing the auction.



1400 Mill Lane
Waconia
MN, 55387


Phone: 763-742-8768

No shipping is available for this auction

Bid History

27 Bid(s)
Bidder Placed High Bid
267442
Mar 27 08:05pm
$850.00
48610
Mar 27 08:03pm
$755.00
38765 ^
Mar 27 08:01pm
$705.00
267442
Mar 27 08:01pm
$700.00
38765
Mar 27 07:59pm
$650.00
80583
Mar 27 07:59pm
$525.00
267442 ^
Mar 27 07:57pm
$500.00
80583
Mar 27 07:57pm
$500.00
267442
Mar 27 07:56pm
$385.00
48610
Mar 26 03:12pm
$360.00
80583 ^
Mar 26 03:12pm
$335.00
48610
Mar 26 03:12pm
$310.00
80583 ^
Mar 26 03:12pm
$285.00
48610
Mar 26 03:12pm
$260.00
80583 ^
Mar 26 03:12pm
$250.00
48610
Mar 26 03:12pm
$240.00
80583 ^
Mar 26 03:12pm
$230.00
48610
Mar 26 03:12pm
$220.00
80583
Mar 26 11:57am
$210.00
25699 ^
Mar 24 10:36am
$200.00
267442
Mar 24 10:36am
$200.00
25699
Mar 23 07:13am
$125.00
64838 ^
Mar 16 07:53pm
$53.00
280534
Mar 16 07:53pm
$52.00
64838
Mar 12 07:05am
$51.00
50476
Mar 12 12:53am
$6.00
99836
Mar 09 03:27am
$5.00