KBC Model SGS-618V Surface Grinder, Serial Nu...
Lot #23

Lakeville, MN

Begins Closing In:

1w 3d

Tue, Jun 9, 2020 5:38pm CDT

High Bidder: #219029

Current Bid:

$160.01

Next Required Bid: $170.01

Place a Bid:
Sign in to bid in this auction.
Shipping: Yes
Online Payment: Yes
Location / Contact:
21730 Hanover Ave, Lakeville, MN 55044
Phone: 612-564-3726

Lot Description: KBC Model SGS-618V Surface Grinder, Serial Number 900251-2. 6 x18 inches, magnetic chuck, 8 inch max wheel size, 120V Adapter, One Shot Lube, 1HP 220/440 3-PH Spindle motor, overall dimensions 38 x 41 x 69 inches, Approximate 500 lbs

Manufacturing Plant Relocation Auction

Inspection:

Sat, Jun 06, 2020
09:00 am - 02:00 pm
Mon, Jun 08, 2020
12:00 pm - 06:00 pm

Auction Closing:

Tue, Jun 09, 2020
05:20 pm

Removal:

Thu, Jun 11, 2020
08:00 am - 05:00 pm
Fri, Jun 12, 2020
08:00 am - 05:00 pm
Sat, Jun 13, 2020
08:00 am - 03:00 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

Discounted Buyer's PremiumRegular Buyer's Premium
15.00% 18.00%


This auction is contracted and managed by: Fram Fram

Manager: Russ Hilk


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 15% BUYERS PREMIUM (15% BP) for ALL items on this auction. 18% if paying by credit card

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.

 



21730 Hanover Ave
Lakeville
MN, 55044


Phone: 612-564-3726

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

7 Bid(s)
Bidder Placed High Bid
219029 ^
May 28 07:46pm
$160.01
251725
May 28 07:46pm
$150.01
219029 ^
May 28 07:45pm
$51.00
251725
May 28 07:45pm
$50.00
219029
May 27 05:49pm
$11.00
189326
May 24 10:29pm
$7.12
191306
May 21 05:07pm
$5.00