Surplus to the Continuing Operations of

Bush Industries

Surplus Woodworking Equipment from a Leading Case Goods and Furniture Manufacturer

Date

Lots Close: Thursday, July 11

Start Time

11:00 AM EDT

Inspection

This facility is fully operational and preview will be extremely limited. Please Call 203-488-7020 for additional information.

Removal

Removal Begins: Monday, July 26th – Strictly by Appointment
All Items Must Be Removed by: Friday, August 6th

Industry

Woodworking

 

FEATURING: Morbidelli U550 Point-to-Point Router; Homag KL 078/E Optimat Softformer; Homag FK R79/03/E/S2 Softformer; (4) Morbidelli FM400DA Automatic Boring Machines; Homag KL79/E/S2/D Edgebander; Auto ‘V’ Grooving LG2-DD V-Groover; United US-25 Hotstamper; Fletcher Hot Stamp Machine; Hoffman MS35-SF Double Miter Saw; Kufo/Seca Dust Collector, 3-hp; Duspohl DEA 150 2-Station Notch Cell; (2) Ayen Magnum Dowel Shooters; (2) Sullair LS25-200 Air Compressors, 200-hp; Airtek SC 1000 Air Dryer; John Deere 4475 Skid Steer Loader

THIS SALE IS BEING CONDUCTED BY:

For Pre-Auction Sales Contact:
Marc Mazzalupo at 860-460-8911 or marc@thebranfordgroup.com

TIMED ONLINE SALE

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.

DOWNLOAD CORPORATE ASSETS INC. FULL TERMS & CONDITIONS

MODALITÉS ET CONDITIONS DE VENTE


Payment

-WEBCAST (REMOTE) BIDDERS

Pre-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.

-GENERAL

All 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.

A Buyer's Premium of 16% for all onsite bidders and 18% for all Webcast (Remote) bidders will apply at this sale.

18% BP for buyers paying via Cash, Cashiers Check, Company Check or Wire Transfer will apply to your purchase
21% BP for any buyers paying via Credit Card.
(Example: a $100 purchase paying by cash instrument the total with BP is $118 and a $100 purchase paying via credit card the total with BP is $121)
(Invoices usually go out at the higher rate, and can be discounted or just pay at the lower BP rate amount)

THIS SALE WILL BE CONDUCTED IN USD.

Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details
GBP Wire Transfer Details
EUR Wire Transfer Details


Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: info@corpassets.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.


Download Proxy Bid Form