(2) Sections of Tear Drop Style Pallet Rackin...
Lot #1

Lakeville, MN

This Lot is:

Closed

Thu, Apr 9, 2020 6:05pm CDT

High Bidder: #117372

Current Bid:

$950.00

Next Required Bid: $1,000.00

Shipping: Yes
Online Payment: Yes
Location / Contact:
7785 218th St W, Lakeville, MN 55044
Phone: 952-237-6626

Lot Description: (2) Sections of Tear Drop Style Pallet Racking
(3) 144" x 42" upright
(22) 96" x 4" cross beam
(22) 42"x 45" wire decks

This item must be removed from the building by the buyer. Please bring appropriate tools and help. We will not be interacting with buyers during this removal.

Emergency Auction: Industrial Surplus Sale Due to Imminent Real Estate Closing

If you violate our terms below, or even bend the rules, you will not be allowed on site. If you are feeling sick or have any known exposure to anyone with COVID-19 it is imperative that you NOT participate in this auction. The health and safety of our community is of utmost importance during this time. This auction comes as a result of a previously scheduled building closing. The timing of that closing forces us to conduct this auction during the StayHomeMN period. Real estate transactions are considered an essential service. The building closing is taking place digitally so it will proceed as scheduled. The size and weight of some of these items prevents us from moving them and selling them later. This auction will be conducted with extreme caution, with many additional safety measures in place. THIS IS NOT BUSINESS AS USUAL. Please thoroughly review every info lot below as these are the procedure we will follow.

Inspection:

By Appointment Only

Auction Closing:

Thu, Apr 09, 2020
06:05 pm

Removal:

Fri, Apr 10, 2020
12:00 pm - 06:00 pm
Sat, Apr 11, 2020
09:00 am - 01:00 pm

Removals are by appointment within the schedule above.

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: Fram Fram

Manager: Russ Hilk


If you violate our terms below, or even bend the rules, you will not be allowed on site. If you are feeling sick or have any known exposure to anyone with COVID-19 it is imperative that you NOT participate in this auction. The health and safety of our community is of utmost importance during this time. This auction comes as a result of a previously scheduled building closing. The timing of that closing forces us to conduct this auction during the StayHomeMN period. Real estate transactions are considered an essential service. The building closing is taking place digitally so it will proceed as scheduled. The size and weight of some of these items prevents us from moving them and selling them later. This auction will be conducted with extreme caution, with many additional safety measures in place. THIS IS NOT BUSINESS AS USUAL. Please thoroughly review every info lot below as these are the procedure we will follow.

 

 

This auction is contracted and managed by Fram Fram, LLC.  

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) for ALL items 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.


This auction is contracted and managed by an independent affiliate. By placing a bid on this auction, you are agreeing to the auction specific terms listed on this page in additions to the K-BID user terms and agreements.  

K-BID Online, Inc. (K-BID) is responsible for maintaining the K-BID.com website.  K-BID.com serves as the venue used by independent auction companies (Affiliates) to present their online auctions to bidders.  

K-BID’s role in the auctions listed on K-BID.com is limited to providing the venue for affiliate auctions. Affiliates are not employees, agents, representatives or partners of K-BID Online, Inc. K-BID’s knowledge about individual auctions and individual auction transactions is limited to the information appearing on the website.

By placing a bid on K-BID.com, bidders are verifying they are at least 18 years old and acknowledging they understand and will comply with both the K-BID.com website terms and the auction specific terms. Bidders MUST NOT share their password or account information with anyone. Bidders are responsible for bids placed on their account.

Inspection dates/times are available for every auction. Bidders are strongly encouraged to inspect prior to placing bids. Removal day is not inspection day. When an auction ends, and the winning bidder invoice appears on the bidder’s dashboard, the bidder is obligated to honor their bid(s).

Every auction item is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase.

Bidders are responsible for knowing and complying with auction terms. Failure to comply with removal terms may result in bidding privileges being disabled.  Once a bid is placed it cannot be retracted.

Sellers and their agents are prohibited from bidding on their own assets.

Items with a reserve will not be sold unless the reserve price has been met.

At the close of the auction, active items will remain open until no bids have been received for three minutes.

Applicable sales tax will be collected by the affiliate managing the auction.  

In the event that bidding rights are terminated due to no-show invoices, bidders MAY be reinstated at the discretion of K-BID only after a penalty fee of 20% of the unpaid invoice(s) and a reinstatement fee of $25.00 has been paid to K-BID and a scanned copy of your driver's license emailed to us. INVOICED ITEMS WILL NOT BE AWARDED. The payment is punitive and meant to deter no-shows. Duplicate bidder accounts will be deactivated when they are determined to exist. If possible and at our discretion, K-BID reserves the right to delete any bid we believe has been placed by a suspect bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until the user is verified. K-BID Online, Inc reserves the right to disallow anybody from bidding on its website. Cases of obvious bidding with no intent to redeem will be referred to appropriate legal authorities.

Affiliates may lower a lot reserve at any time before or after an auction closes.  If the reserve is lowered while the auction is in progress, the applicable reserve message will appear below the Next Required Bid information (Reserve Not Met or Reserve Has Been Met); the asset will sell to the high bidder if the lowered reserve amount is met. If the reserve is lowered after the auction closes, the highest bidder at auction close will receive a winning bidder invoice. 

Once an auction begins its closing process, outbid notifications will not be sent.

Once a bid is placed it cannot be retracted.

 



7785 218th St W
Lakeville
MN, 55044


Phone: 952-237-6626

We offer shipping options for almost every item large or small. If you require shipping please send an email with your Bidder Number to info@framfram.com.  Once we have an actual shipping total we will email you payment instructions. Small items can be sent FedEx. For LTL, Pallets or Machinery we can ship with a company called uShip or a carrier of your choice.  There will be a $50 charge for most items that require a pallet. Machinery can be loaded for the loading fee listed with each machine.

Bid History

31 Bid(s)
Bidder Placed High Bid
117372
Apr 09 06:05pm
$950.00
74994 ^
Apr 09 06:04pm
$900.00
117372
Apr 09 06:04pm
$852.00
74994 ^
Apr 09 06:04pm
$802.00
117372
Apr 09 06:04pm
$752.00
74994 ^
Apr 09 04:38pm
$702.00
79010
Apr 09 04:38pm
$652.00
74994
Apr 08 07:20pm
$601.01
331862
Apr 05 08:28pm
$551.01
14152 ^
Apr 02 10:03pm
$501.01
331605
Apr 02 10:03pm
$500.01
14152 ^
Apr 02 10:03pm
$475.00
331605
Apr 02 10:03pm
$450.00
14152 ^
Apr 02 10:03pm
$425.00
331605
Apr 02 10:03pm
$400.00
14152
Apr 02 08:34am
$335.00
34834
Apr 01 02:52pm
$310.00
331671
Mar 30 11:04pm
$285.00
331605
Mar 29 04:45pm
$260.00
39831 ^
Mar 29 04:45pm
$250.00
331605
Mar 29 04:45pm
$245.00
39831
Mar 29 09:59am
$235.00
8030
Mar 28 10:29pm
$210.00
115083
Mar 28 05:59pm
$170.01
8412
Mar 28 11:41am
$160.01
14152 ^
Mar 27 10:26pm
$150.01
267685
Mar 27 10:26pm
$150.00
14152 ^
Mar 27 10:26pm
$105.00
267685
Mar 27 10:26pm
$100.00
14152
Mar 27 05:58pm
$11.00
47965
Mar 27 10:16am
$5.00