Surplus to the Ongoing Needs of
Reko International Group Inc.
World Class Machine Tool Auction Major 1000 Lot Event
Tuesday, August 30, 2011
10:30 AM EDT
LocationReko International Group Inc.
5390 Brendan Lane, Oldcastle (Windsor), Ontario, Canada, N0R 1L0
FEATURING: TARUS (retrofit 2003) TPTCGD408S CNC traveling table gun drill, REKO (1992) BIKA 2400 floor type CNC HBM, FPT (1995) AREA M40 floor type CNC HBM, GIDDINGS & LEWIS 5” floor type CNC HBM, RICHARDS (rebuilt & retrofit 1995) “Ram Type” CNC table type HBM, (2) REKO GMC 1200 CNC traveling gantry type VMC, REKO (2000) KOSS CNC dual traveling column VMC, (2) EAGLE (1995) RH2-200-60 75 4 post hydraulic die spotting presses, (17) late model bridge cranes up to 25 ton cap., DEA (2000) SCIROCCO 201009 CMM, (2) REKO (retrofitted 2009) SARKAN “ram type” CNC dual travelling column EDMs, ONA (1998) PD6.120S1 4-axis CNC sinker type EDM, ONA (1997) DATIC D 360 F 4-axis CNC sinker type EDM, (2) CHARMILLES ROBOFIL 510 CNC wire EDMs, CHARMILLES ROBOFIL 310 CNC wire EDM, MILLTRONICS P6 SERIES J EDM drill, (3) TRANSOR modular dielectric filtration systems, FADAL (1997) 4020HT VMC, OKK PCV-50 VMC, conventional machine shop equipment, shot blast equipment, air compressors, Large assortment of LISTA tool cabinets, tool carts, steel work benches, box tables, tool holders, hydraulic power packs, raw material, remnants & off cuts, surface plates, lifting accessories, steel saw horses, ladders, power tools, racks, carts, steel plates, machine parts, fittings & fasteners, office furniture and more.
Terms & Conditions
Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.MODALITÉS ET CONDITIONS DE VENTE
-WEBCAST (REMOTE) BIDDERSPre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.
Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.
-GENERALAll buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**
Payment in full must be made before or immediately after the conclusion of the auction.
* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.
** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.
For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.
For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."
Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.
Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.
The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.
To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: email@example.com for more information.
All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of
the auction sale, and must be signed and dated. They must be faxed or mailed to our office and
received by no later than 3:00 P.M. EST on the day before the auction.
All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of the auction sale, and must be signed and dated. They must be faxed or mailed to our office and received by no later than 3:00 P.M. EST on the day before the auction.