Blue and Navy Yarn
Lot #7
Item: 259b-667603

Laporte, MN

This Lot is:

Closed

Thu, Oct 15, 2015 8:06pm CDT

High Bidder: #214672

Current Bid:

$4.00

Next Required Bid: $5.00

 
Location / Contact:
47100 US 71, Laporte, MN 56461
Phone: 218-407-7743

Lot Description:

Yarn for knitting machine with cone shaped spools.  Mixture of colors and types, poly, cotton, and wool.

Payment in full is due within 24 hrs of end of sale.

Inspection

Auction Closing:

Thu, Oct 15, 2015
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

Discounted Buyer's PremiumRegular Buyer's PremiumCap
10.00% 13.00%$3,250.00


This auction is contracted and managed by: Lake Country Sales

Manager: Mark Sorenson


This auction is contracted and managed by Lake Country Sales.  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. All NON-Credit/Debit Card payments MADE IN-FULL (invoiced amount) will receive a 3% Reduction in BUYERS PREMIUM (10% BP). 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. Buyer is responsible for all loading and rigging and must bring sufficient help and equipment to load.  Auctioneer, Lake Country Sales, or removal location owner are not liable for injuries or damage during removal.  At the time the winning bidder pays his invoice in full, ownership of the asset and risk of loss passes immediately to the bidder.  If a winning bidder pays the invoice in full, but does not take possession of the assets during the removal day, ownership and risk of loss will still transfer to the bidder.  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. Please contact Mark at 218-407-7743 with any questions about shipping or alternate pick up times prior to bidding. If you are unable to make the removal date, please contact Mark at 218-407-7743 to see if other arrangements can be made.  Items that are not PAID with a credit card over the phone or other means by the end  of the pickup date will be considered no show and abandoned. We accept Cash, All Major Credit Cards either in person or by phone, Cashier's Checks, or Money Orders.    

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.    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. 


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.



47100 US 71
Laporte
MN, 56461


Phone: 218-407-7743

Pickup or pre-arranged shipping only.

Bid History

4 Bid(s)
Bidder Placed High Bid
214672
Oct 15 07:38pm
$4.00
200743
Oct 15 12:35pm
$3.00
36765
Oct 07 10:22pm
$2.00
87819
Oct 07 04:01pm
$1.00