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TIMED ONLINE ONLY AUCTION - NORTEK DAY 1 - AUGUST 20th

Nortek Global HVAC,LLC Timed Online Auction Day 1 

Bid Now Until: Tuesday, August 20th @ 10:00 AM US/Eastern

All assets located at:  150 McKinley Avene Mercer PA 16137 US

FACILITY CLOSURE to the ongoing needs of a WORLD CLASS MANUFACTURER OF A WIDE RANGE OF INDUSTRIAL & COMMERCIAL HVAC PRODUCTS

Featuring: Niagara Mdl. SC2-200-120-42 Straight Side Double Crank Press, (1989), 200 T. cap., 8" stroke, V/S drive; Niagara Mdl. A-6-1/2 Backgeared OBI Press, 150 T. Cap; 24" W x 36" Stroke Airfeeds Cabinet Feeder; 10,000 Lb. Airfeeds Powered Coil Reel; 6' x 19" Ooya Radial Arm Drill; 4' Fosdick Sensitive Radial Arm Drill; 16" x 32" Chevalier Automatic Surface Grinder; 10" x 30" Brown & Sharpe Surface Grinder; Colchester Lathes; Vertical Turret Mills; Heat Treat Oven; Tooling; Cabinets & Much, Much More!

TIMED ONLINE ONLY AUCTION - NORTEK DAY 2 - SEPTEMBER 12th

Nortek Global HVAC,LLC Timed Online Auction Day 2 

Bid Now Until: Thursday, September 12th @ 10:00 AM US/Eastern

All assets located at:  150 McKinley Avene Mercer PA 16137 US

FACILITY CLOSURE to the ongoing needs of a WORLD CLASS MANUFACTURER OF A WIDE RANGE OF INDUSTRIAL & COMMERCIAL HVAC PRODUCTS

Featuring: Bettenbender 8'[ x 95 T Cap. Hydraulic Press Brake; Coil Upender; Welding Equipment; Overhead Cranes; Huge Assortment of Teardrop Pallet Racking; Cantilever Racking; Hydraulic Scissor Lift Tables; Amp Wire Processing Equipment; Dump Hoppers; Hyd. Baler; JLG Scissor Lift; Freightliner Tractor & Trailer; Floor Sweepers; Large Quanity of Office Furnishings; Much More!

ALL BIDS ARE MADE AND RECEIVED UNDER THE TERMS HEREINAFTER SET FORTH TO WHICH TERMS BIDDERS AGREE BY MAKING THEIR BID AT THE SALE. THESE TERMS CANNOT BE ALTERED EXCEPT BY THE AUCTIONEER. NO EMPLOYEE HAS AUTHORITY TO MODIFY SAME. THE OWNER AND/OR AUCTIONEER RESERVE THE RIGHT TO ADD TO OR MODIFY THE TERMS OF THE SALES.
An 18% Buyer’s Premium will apply.

This auction may require a credit or debit card 100% refundable deposit. Your credit/debit card added through the Bidspotter.com fully secure and PCI compliant registration process will be assessed a 100% refundable $3000 (US Bidder) or a $10,000 (Foreign Bidder) deposit in order to be approved to bid online within this auction. If you are unsuccessful in the auction, your card will be refunded of your deposit within 24 hours post auction.
Plant & Machinery Inc DOES NOT take credit cards for auction invoice payments. All payments must be made by Cash, Cashier’s Check, Wire Transfer or Company Check with Bank Letter of Guarantee to Plant & Machinery, Inc. (PMI). Here is an example of what your letter should be: [Mr. “Customer Name” representing “Company Name” is a customer of this bank. This bank will guarantee unqualified payment to Plant & Machinery, Inc. on the account listed herein up to the amount of $_______ . This letter is good until (insert expiration date 30 days from sale date).]
By registering, the Bidder hereby expressly authorizes PMI to charge the Credit Card if the Bidder fails to pay any invoice within forty eight (48) hours after each invoice is issued to Bidder.
All bidders are required to give full name, company name, address, phone, fax, email address, and bank information when registering. All bidders must register before bidding.
All bids must be paid in full within two business days after the bids have closed. The Auctioneer shall determine the bidding increments. Some items may be auctioned with reserve.
All purchases must be removed within two weeks after the bids have closed or within the timeframe posted on the sale web page. No lot can, on any account, be removed prior to PMI having been paid in full. Removal shall be at the expense, risk and liability of the Purchaser. Purchases will be delivered only on presentation of paid bill. Auctioneer shall not be responsible for goods not removed within the aforesaid time.
Riggers, movers, electricians or buyer performing work at the Auction Sites must provide Auctioneer with evidence of insurance. The insurance coverage must be at a level acceptable to Auctioneer and to the Seller.
All checks for deposits and balances due shall be payable to the order of PLANT & MACHINERY, INC. unless instructed otherwise. All bills must be paid to the Houston headquarters offices of the Auctioneer at 1304 Langham Creek Drive, Suite 454, Houston, TX, 77084 or by wire transfer directly to the bank specified in the wire transfer instructions provided for this on-line auction. The full purchase price on all lots sold to the same buyer must be paid within the time fixed and before removal of any of the goods.
THE AUCTIONEER SHALL NOT BE RESPONSIBLE FOR THE CORRECT DESCRIPTION, GENUINENESS, AUTHENTICITY OF, OR DEFECT IN ANY LOT, AND MAKES NO WARRANTY IN CONNECTION THEREWITH. NO SALE SHALL BE SET ASIDE NOR ALLOWANCE MADE ON ACCOUNT OF ANY INCORRECTNESS, ERROR IN CATALOGING, OR ANY IMPERFECTION NOT NOTED. NO DEDUCTION ALLOWED ON DAMAGED ARTICLES, ALL ARTICLES BEING EXPOSED FOR PUBLIC EXHIBITION, AND SOLD “AS IS” AND WITHOUT RECOURSE. ARTICLES ARE NOT WARRANTED AS MERCHANTABLE OR FIT FOR ANY PARTICULAR PURPOSE, AND NO CLAIM MAY BE MADE BY PURCHASER RELATING TO THE CONDITION OR USE OF ARTICLES PURCHASED, OR FOR PROXIMATE OR CONSEQUENTIAL DAMAGES ARISING THEREFROM.
Articles purchased may not incorporate approved activating mechanisms, operating safety devices or safety guards, as required by OSHA or otherwise. It is Purchaser’s responsibility that articles purchased be so equipped and safeguarded to meet OSHA and any other requirements before placing such articles into operation.
Purchaser agrees to indemnify and hold Auctioneer harmless from and against all claims and liabilities relating to the condition or use of the articles purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such articles, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom.
No claims will be allowed after removal of goods from premises.
Auctioneer shall not, in any event, be liable for non-delivery or any other matter or thing, to any Purchaser of any lot other than for the return to the Purchaser of the deposit or sum paid on said lot, should the Purchaser be entitled thereto.
In default of payment of bills in full within the time therein specified, the Auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting Purchaser.
Persons attending during exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the Auctioneer from liability therefor. Neither the Auctioneer nor his principal shall be liable by reason of defect in or condition of the premises on which the sale is held.
The Auctioneer reserves the right to withdraw from sale any of the property listed or to sell at this sale property not listed, and also reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of a Seller will be served, the Auctioneer reserves the right to sell all the property listed, in bulk.
Where items are sold by estimated weight, count or measure, the Purchaser will be billed for and required to pay for the estimated weight, count or measure. If, upon delivery, any shortage exists, the Purchaser will receive a refund at the rate of purchase. If there be an excess, the Purchaser will be required to pay for such excess, at the rate of purchase.
The Auctioneer reserves the right to reject any and all bids, alter the order of sale, and accept bids made on behalf of the Seller.
The record of sale kept by the Auctioneer will be taken as final in the event of any dispute.
The Auctioneer is acting as agent only and is not responsible for the acts of its principals. Purchaser or its representative will independently inspect the goods bid upon by the Purchaser, and acknowledges to the Seller that Purchaser is acquiring all goods “AS IS, WITH ALL FAULTS” and “WITH REMOVAL AT PURCHASERS’ RISK AND EXPENSE” and agrees to protect, indemnify and hold harmless the Seller from any and all claims, demands, causes of actions, liabilities and judgments relating to the conditions or use of the goods.
Seller, if not the same as the Auctioneer, shall have the rights, protections and benefits afforded to the Auctioneer as set forth herein.
Although all information has been obtained from sources deemed reliable, the auctioneer and seller make no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained, or contained in our catalog. It is for this reason that buyers should avail themselves of the opportunity to make inspection prior to the auction. Although it is not likely, auction sales are subject to cancellation or postponement. Kindly contact auctioneer prior to attendance.
ANY ADDITIONAL PROVISIONS OR AMENDMENTS TO THE ABOVE LISTED TERMS WILL BE POSTED TO THE ON-LINE SALE WEB PAGE BY THE AUCTIONEER PRIOR TO THE START OF THE AUCTION.

To sign up for an auction, you'll first need to make an account with Bidspotter then be on the main catalog page of the auction on. Located to the right of the auction title, there is a blue button reading 'Sign up to bid'.

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You will then be required to fill out the below form with all information requested:

Before you are able to complete your registration, you will be required to read and accept the Terms & Conditions and check the box once you have. After which you will select 'Complete your sign up' at the bottom.

Note: Once registration has been completed you will need to be approved to participate in the auction. Receiving approval typically takes 24-48 hours.

CERTIFIED FUNDS ONLY. WE DO NOT ACCEPT CREDIT CARDS AS PAYMENT.

Wire Transfer, Cash, Cashiers Check, Company Check with a Bank Letter of Guarantee (see below for more on Bank Letters).

Company checks are only acceptable if accompanied by a letter from the payor's bank guaranteeing unqualified payment to Investment Recovery Services. Click here to view a sample Bank Letter of Guarantee and to view the instructions on how to successfully guarantee payment.

All checks should be made payable to: Investment Recovery Services

Successful Bidders must make the customary 25% deposit using one of the other stated methods of payment. The balance due on your invoice should be wired to our account within 24 hours after the auction.

Funds may be wire transferred directly to Investment Recovery Services.

Click here for Wire Transfer Instructions.

To be approved to Bid you must provide ONE of the following:

1. Credit / Debit Card Deposits: This auction will automatically require & make a credit or debit card deposit. Your credit / debit card added through the Bidspotter.com fully secure and PCI compliant registration process will be assessed a $2,500.00 deposit in order to be approved to bid within the auction. You will not be approved without your credit card entered at the stage of registration.  This deposit is fully refundable if no purchase is made and will be refunded within 3-5 business after the auction day.  If a purchase is made your deposit will be refunded upon receipt of your full payment by wire transfer or certified funds.

2. A bank letter of guarantee from your bank signed by an authorized officer
of the bank and must be on bank letterhead see the sample letter in #2 below
for more details).

3. Send a deposit to the auction company by wire transfer or certified funds
and it must arrive no later than 24 hours prior to auction start time.
Deposit Info:
US Bidders must post a 25% deposit of approximate planned spending budget
or a minimum of $2,500.00.
US EX: Want released to spend $75,000.00 - Deposit must be at least
$18,750.00.

International (non US) Bidders deposit amount must be 100% of the amount
you expect to spend.
International EX: Want released to spend $75,000.00 - Deposit must be
$75,000.00.
Minimum Deposit Accepted from International Bidders is $2,500.00.

**If you wish to send your deposit via wire transfer please notify us by email
and wire transfer instructions will be emailed to you.

WE DO NOT ACCEPT CREDIT CARDS OR PAYPAL PAYMENTS!

All Items MUST Be Removed by: September 3rd, 2019 @ 3PM

 

Please Note: The Auction Company DOES NOT Load or Ship Any Items.

In order to move any purchases that require heavy machinery (i.e. Forklifts) any person(s), entities, or Rigging/Machinery Moving companies must provide a Liability Insurance Policy with a minimum coverage of $1,000,000.00 USD.

Sale in conjuction with:

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