LOCKFORMER SLITTER
Lot #105
Item: 962e-3025020

St. Louis Park, MN

This Lot is:

Closed

Wed, Jun 23, 2021 6:51pm CDT

High Bidder: #321507

Current Bid:

$710.00

Next Required Bid: $760.00

Location / Contact:
6804 W. LAKE STREET, St. Louis Park, MN 55426
Phone: 952-920-8922

Lot Description:

Lockformer slitter.  110 electric.  In good running condition. 

Disassembly of all items is the responsibility of the buyer.  A forklift will be onsite for removal of items.  Please bring the appropriate vehicle for loading if you need forklift assistance.  All loading is done from ground level.   

Inspection

Auction Closing:

Wed, Jun 23, 2021
06:50 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: Auctions for Business & Industry

Manager: Michelle Williams


This auction is contracted and managed by ABI - Auctions for Business & Industry. .  

We do not take personal or business checks.  We take visa and master card for up to $3,000.00. Wire transfers and cash are always welcome.  For purchases over $3000.00 a wire transfer, Cashier Check or cash are the best way to go.  A Cashier Check must be made out to ABI

Bidders are required to attend the scheduled removal to pay their invoice and pick up their lots. Alternative removal dates can be arranged for SOME M.A. Williams Auctions for a $25 service charge per invoice. If alternative arrangements are required, the bidder must pre-arrange the date and time with M.A. Williams Auctions (612-819-7859). Alternative removals must take place within 7 calendar days of the scheduled removal date of the auction or the merchandise will be considered abandoned. 

FOR ONLINE PAYMENTS WE TAKE VISA AND MASTERCARD ONLY.

 


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.



6804 W. LAKE STREET
St. Louis Park
MN, 55426


Phone: 952-920-8922

WE DO NOT HOLD MERCHANDISE AND WE DO NOT SHIP! 

ALL INVOICES OVER $3,000.00 MUST BE PAID BY CASHIER CHECK, WIRE TRANSFER OR CASH.

WE TAKE VISA AND MASTERCARD ONLY FOR UP TO $3000.00

WHEN YOU PAY ONLINE AND DO NOT COME IN TO PICK UP YOUR MERCHANDISE DURING THE DESIGNATED REMOVAL DAYS AND TIMES LISTED FOR THAT AUCTION, WE WILL KEEP YOUR MONEY AND THE MERCHANDISE WILL BECOME OUR PROPERTY. YOU WILL HAVE NO RIGHTS TO OBTAIN THE MERCHANDISE AND NO EXCEPTIONS WILL BE MADE.  BY CHOOSING TO PAY ONLINE YOU ARE AGREEING TO THESE TERMS.

Bid History

28 Bid(s)
Bidder Placed High Bid
321507
Jun 23 06:40pm
$710.00
339078
Jun 23 06:37pm
$660.00
321507
Jun 23 06:37pm
$610.00
339078
Jun 23 06:37pm
$560.00
321507
Jun 23 06:37pm
$510.00
339078
Jun 23 06:37pm
$485.00
321507 ^
Jun 23 06:36pm
$460.00
339078
Jun 23 06:36pm
$435.00
321507 ^
Jun 23 06:36pm
$410.00
339078
Jun 23 06:36pm
$385.00
321507
Jun 23 06:27pm
$360.00
375299 ^
Jun 23 06:02pm
$335.00
339078
Jun 23 06:02pm
$310.00
375299
Jun 23 04:28pm
$285.00
339078
Jun 23 09:40am
$260.00
77729 ^
Jun 23 09:40am
$250.00
339078
Jun 23 09:40am
$250.00
77729 ^
Jun 23 09:39am
$235.00
339078
Jun 23 09:39am
$225.00
77729
Jun 22 09:59pm
$210.00
375299 ^
Jun 22 09:58pm
$200.00
77729
Jun 22 09:58pm
$200.00
375299
Jun 22 09:18pm
$155.00
321507 ^
Jun 22 09:17pm
$150.00
375299
Jun 22 09:17pm
$150.00
321507
Jun 21 07:57pm
$105.00
250482
Jun 21 02:36am
$16.00
122656
Jun 10 01:58pm
$5.00