Name | Quilting Business Bankruptcy Auction |
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Auctioneer | Statewide Auction Company |
Type | Online-Only Auction |
Date(s) | 10/8/2020 - 10/19/2020 |
BIDDING ENDS ON MONDAY, OCTOBER 19TH AT 7:00 PM (MST) | |
Preview Date/Time | Where possible, bidders are encouraged to inspect all items in person prior to bidding - TO COMPLY WITH COVID-19 SAFE DISTANCING PRACTICES, PREVIEWS ARE AVAILABLE BY APPOINTMENT ONLY (801-521-5600) ON MONDAY, OCTOBER 19TH. All items are located at Statewide Auction Company located at 200 North 1000 West Salt Lake City, UT 84116 (at the Utah State Fair Park). |
Checkout Date/Time | Payment Due on All Bids Within 1 Business Day (Remote/Online Payment Options Available) PICK-UP ON PAID ITEMS: By Appointment on TUESDAY, 10/20 or WEDNESDAY, 10/21 |
Location | Statewide Auction Compnay
200 North 1000 West Salt Lake City, UT 84116 |
Buyer Premium | No Buyer's Premium |
Description |
This is an Online Only, Court Ordered Bankruptcy Auction of Property to be Sold in Auction Lots to the Highest Bidders with No Minimums, No Reserves & No Buyer's Premiums. The Property is comprised of Quilting Equipment and Materials.
It is important to note that many of the fabric materials, ("Misc. Bolts of Fabric" for example); are being sold in auction lots that may contain varying lengths, patterns and colors. We have not measured or verified total lengths of any fabric.
We have done our best to describe and identify quantities, sizes, damage and other helpful information where possible but make no warranties as to the accuracy of descriptions and disclaim all liability for any errors. ALL SALES ARE FINAL - NO RETURNS.
Where possible, bidders are encouraged to inspect all items in person prior to bidding, HOWEVER TO COMPLY WITH COVID-19 SAFE DISTANCING PRACTICES, PREVIEWS ARE AVAILABLE BY APPOINTMENT ONLY (801-521-5600) ON MONDAY, OCTOBER 19TH. All items are located at at Statewide Auction Company located at 200 North 1000 West Salt Lake City, UT 84116 (at the Utah State Fair Park).
Each lot is to be sold "As-is, Where-is" with No Minimums, No Reserves & No Buyer's Premiums.
**INVOICES ARE TO BE PAID BY TUESDAY, OCTOBER 20TH** **ALL ITEMS ARE TO BE REMOVED BY APPOINTMENT ON TUESDAY OR ON WEDNESDAY, OCTOBER 21ST.**
BUYERS ARE RESPONSIBLE FOR PICK-UP AND/OR PACKING, SHIPPING OR FREIGHT. CONTACT INFO FOR LOCAL PACK, SHIP & FREIGHT COMPANIES MAY BE AVAILABLE UPON REQUEST.
HELPFUL BIDDING TIP: When placing a bid, you may notice that you can either bid the next suggested increment or you can enter a "new max bid". The new max bid field gives you an opportunity to put in a bid for the most amount you'd be willing to go up to - but it will only bid you up automatically by the specified bid increment above the highest current bid or any competing max bids. (This essentially allows you to "set it and forget it" if you cannot or choose not to keep watching the bidding until the completion of the auction).
See Auction Lot Catalog...
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Bid Amount | Bid Increment |
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0.00 - 45.00 | 5.00 USD |
45.01 - 290.00 | 10.00 USD |
290.01 - 975.00 | 25.00 USD |
975.01 - 1,950.00 | 50.00 USD |
1,950.01 - 4,900.00 | 100.00 USD |
4,900.01 - 9,750.00 | 250.00 USD |
9,750.01 - 100,000.00 | 500.00 USD |
100,000.01 - 9,999,999.99 | 1,000.00 USD |
Currency | USD |
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Buyer Premium | No Buyer's Premium |
Payment Terms |
Successful Bidders will receive an email invoice after the conclusion of the auction. This invoice will include a confirmation of items won along with the applicable purchase totals and fees. Successful bidder(s) will be required to submit full payment to Statewide Auction Company within (1) calendar day following the auction. Purchases will be subject to Sales Tax (unless purchaser can provide documentation of tax exemption). We accept Cash, Credit/Debit Cards (wIth a 3% processing fee), and Certified funds (Certified funds would be a cashier's check made payable to Statewide Auction Co., for the full amount). Wire Transfers or Checks accompanied with verified Bank Letters may be acceptable but require advanced authorization from Statewide Auction Company.
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