Heavy-duty Steel cantilever rack (14) Adjusta...
Lot #2
Item: 7f02-2501120

Lakeville, MN

This Lot is:

Closed

Thu, Apr 9, 2020 6:05pm CDT

High Bidder: #79010

Current Bid:

$1,650.00

Next Required Bid: $1,725.00

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

Lot Description: Heavy-duty Steel cantilever rack (14) Adjustable 24 in arms, (3)12 ft uprights, bolted construction, overall dims 9 ft x 5 ft x 12 ft, contents NOT included

Couple Loading Options.
We can load it as shown onto a flat bed trailer for $100.
or
This item can be removed from the building by the buyer. Please bring appropriate tools and help. We will not be interacting with buyers during this removal. Once down and on a pallet we can load onto a trailer for $25. 
or
We can also take this down and palletize if for loading but it will cost $250 because we really don't want to do it. 

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

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: Russell 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.


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.

  • 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.
  • Reserves may be lowered at any time at the independent auction company's discretion:
    • 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 independent auction company managing the auction.



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

59 Bid(s)
Bidder Placed High Bid
79010
Apr 09 06:08pm
$1,650.00
104112
Apr 09 06:07pm
$1,575.00
79010
Apr 09 06:05pm
$1,500.00
104112
Apr 09 06:04pm
$1,425.00
79010
Apr 09 06:04pm
$1,350.00
104112
Apr 09 06:01pm
$1,275.00
331605
Apr 09 06:00pm
$1,200.00
104112
Apr 09 05:48pm
$1,125.00
79010
Apr 09 05:46pm
$1,050.00
104112
Apr 09 05:11pm
$1,000.00
79010
Apr 09 04:44pm
$950.00
118942
Apr 04 03:05pm
$900.00
331794
Apr 04 08:38am
$850.00
331605
Apr 03 08:41pm
$800.00
118942
Apr 03 06:04am
$750.00
331605 ^
Apr 03 06:04am
$700.00
118942
Apr 03 06:04am
$660.00
331605
Apr 02 09:59pm
$610.00
189141
Apr 02 04:35pm
$560.00
118942
Apr 02 11:35am
$510.00
14152 ^
Apr 02 11:34am
$485.00
118942
Apr 02 11:34am
$460.00
14152 ^
Apr 02 11:34am
$435.00
118942
Apr 02 11:34am
$410.00
14152 ^
Apr 02 11:34am
$385.00
118942
Apr 02 11:34am
$360.00
14152
Apr 02 08:34am
$335.00
118942
Apr 02 03:20am
$310.00
331605 ^
Apr 02 03:20am
$285.00
118942
Apr 02 03:20am
$260.00
331605 ^
Apr 02 03:20am
$250.00
118942
Apr 02 03:20am
$240.00
331605
Mar 31 10:02pm
$230.00
118942
Mar 31 06:37am
$220.00
53397
Mar 29 10:22pm
$210.00
331605
Mar 29 12:40pm
$185.00
118942
Mar 29 12:25pm
$175.00
331605 ^
Mar 29 12:00pm
$165.00
118942
Mar 29 12:00pm
$161.79
331605
Mar 29 10:04am
$151.00
39831 ^
Mar 29 10:02am
$146.00
331605
Mar 29 10:02am
$141.00
39831 ^
Mar 29 10:02am
$136.00
331605
Mar 29 10:02am
$131.00
39831 ^
Mar 29 10:01am
$126.00
331605
Mar 29 10:01am
$121.00
39831
Mar 29 09:59am
$116.00
8030
Mar 28 10:30pm
$105.00
115083 ^
Mar 28 10:30pm
$76.00
8030
Mar 28 10:30pm
$75.00
115083
Mar 28 06:00pm
$56.01
14152 ^
Mar 27 10:18pm
$55.01
232666
Mar 27 10:18pm
$55.00
14152 ^
Mar 27 10:18pm
$51.00
232666
Mar 27 10:18pm
$50.00
14152 ^
Mar 27 10:17pm
$31.00
232666
Mar 27 10:17pm
$30.00
14152
Mar 27 05:58pm
$26.00
47965
Mar 27 10:16am
$5.00