Live On-site and Global Webcast and Real Estate Auction

INDUSTRIAL REAL ESTATE WITH RAILROAD SPURS & FARMLAND - 2,400,000 SQ. FT. MANUFACTURING/OPERATIONS FACILITY OF MITSUBISHI MOTORS NORTH AMERICA, INC.

Auction Info

REAL ESTATE LOTS BELOW MAY BE AUGMENTED, CHANGED, ADDED OR DELETED AT THE TIME OF SALE BY AUCTIONEERS SOLE DISCRETION.

CASHIERS CHECKS (MADE PAYABLE TO BIDITUP AUCTIONS WORLDWIDE, INC.) DEPOSITS REQUIRED TO BID:
LOT 1 - $750,000.00 • LOT 1A - $750,000.00 • LOT 2 - $500,000.000  LOT 2A - $500,000.000   LOT 2B - $500,000.000 LOT 3 - $75,000.00LOT 4 - $100,000.00LOT 5 - $150,000.00 • LOT 5A - $250,000.00

  • LOT 1 - REAL-ESTATE: ENTIRETY OF ALL LAND, BUILDINGS & IMPROVEMENTS SITUATED UPON (+/-) 508 ACRES OF LAND
  • LOT 1A - (+/-) 508 ACRES OF LAND WITH BUILDINGS DEMOLISHED AND REMOVED DOWN TO SLAB
  • LOT 2 - MAIN BUILDING OF APPROX. 2,400,000 SQ. FT., RAIL SPUR, OFFICE BUILDING, BASEBALL FIELD, RESERVOIR & LAND (+/-) 301 ACRES
  • LOT 2A - MAIN BUILDING OF APPROX. 2,400,000 SQ. FT – FOR DEMO ONLY, NO LAND, DEMO TO BE PERFORMED DOWN TO SLAB
  • LOT 2B - LAND (+/-) 301 ACRES (UPON WHICH MAIN BUILDING IS SITUATED UPON), LAND ONLY, BUILDING TO HAVE BEEN REMOVED DOWN TO SLAB
  • LOT 3 - RACE TRACK LAND (+/-) 119 ACRES
  • LOT 4 - SAKURA (1) LAND (+/-) 44 ACRES
  • LOT 5 - SAKURA (2) BUILDINGS AND LAND (+/-) 42 ACRES
  • LOT 5A - SAKURA 1 & 2 BUILDINGS & LAND (+/-) 86 ACRES

"AS-IS AS INSPECTED WITH ALL ITS FAULTS"
No representations or warranties of any kind other than free and clear title at closing. Closing expenses to be mutually shared as is customary in Normal IL. Closing CASH TO BE PAID in full 21 calendar days from the auction date AND TO BE HELD IN SELLERS ESCROW ACCOUNT. THE CLOSING WILL TAKE PLACE UPON COMPLETION OF THE BELOW SPECIAL NOTE. IF CASH IN FULL IS NOT RECEIVED BY SELLER ON OR BEFORE 21 CALENDAR DAYS, BUYERS DEPOSIT IS FORFEITED AS LIQUIDATED DAMAGES. All taxes, fees, utilities etcetera to be prorated at closing. All security, utility deposits etcetera to be returned to Seller at closing. Buyer/Bidder agrees all the assets being sold hereunder in the multi-day auction catalog are not part of the Real-Estate bid


Terms & Conditions

Auction Dates

Starts
Tuesday, October 18, 2016 - 9:00am (CDT)

Auction Type

Live On-site and Global Webcast and Real Estate Auction

Location

100 N Mitsubishi Mtwy, Normal, IL 61761

Description

INDUSTRIAL REAL ESTATE WITH RAILROAD SPURS & FARMLAND - 2,400,000 SQ. FT. MANUFACTURING/OPERATIONS FACILITY OF MITSUBISHI MOTORS NORTH AMERICA, INC.

Featuring

Real Estate Lots Below May Be Augmented, Changed, Added Or Deleted At The Time Of Sale By Auctioneers Sole Discretion.

Cashier's Checks (Made Payable To Biditup Auctions Worldwide, Inc.) Deposits Required To Bid:
Lot 1 - $750,000.00
Lot 1A - $750,000.00
Lot 2 - $500,000.00
Lot 2A - $500,000.00
Lot 2B - $500,000.00
Lot 3 - $75,000.00
Lot 4 - $100,000.00
Lot 5 - $150,000.00
Lot 5A - $250,000.00

Buyers Premium Will Be 6.0 % On All Real-Estate Lots
Buyer Will Have 21 Calendar Days To Close After Sale


LOT 1 - REAL-ESTATE: ENTIRETY OF ALL LAND, BUILDINGS AND IMPROVEMENTS SITUATED UPON (+/-) 508 ACRES OF LAND.
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"

No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. Closing Expenses To Be Mutually Shared As Is Customary In Normal IL. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Seller To Pay Post-Closing Utilities And Security Until Midnight March 15th, 2017. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalogs Are Not Part Of The Real-Estate Bid. Buyer Hereby Grants Seller, Its Buyers, Agents, Invitees, Sub-Contractors And Riggers Unobstructed Expense Free Access To The Property Until Midnight March 15th 2017. REMOVAL OF ASSETS. Removal Of The Assets From The Premises Will Be Conducted In A Workmanlike Manner, Consistent With Good Industrial Practice. Any Assets Requiring Disassembling And Moving Will Be Done At The Expense Of The Purchaser From Seller Who Shall Provide A Commercial General Liability (Combined Single Limit Per Occurrence) Certificate Of Insurance Naming The Seller And Buyer/Bidder As Additional Insured In A Minimum Amount Of $1,000,000.00. Seller Or Its Purchasers Will Have No Obligation To Cap, Tie, Disconnect Or Remove Electrical Wires, Water Lines, Air Lines, Etc. Beyond The First Connection Located At The Asset And Buyer Will Not Be Responsible To Fill, Clean Or Safety Guard Any Existing Pits Or Remove Stud Bolts From The Floor Or Debris Or Trash Which Remain After The Removal Of Assets Or Restore Any Non-Load Bearing Walls Dismantled During The Removal Process. Any Assets Remaining On The Premises After March 15th, 2017 Shall Be Deemed To Be Abandoned And Buyer/Bidder May Remove, Discard Or Otherwise Dispose Of Such Items With No Responsibility Or Liability To Seller Or Anyone Claiming Through Seller.

LOT 1A - (+/-) 508 ACRES OF LAND WITH BUILDINGS DEMOLISHED AND REMOVED DOWN TO SLAB
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"
No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. DEMOLITION TO BE TO SLAB LEVEL, SLAB ON GRADE TO STAY. UNDERGROUND SEWAGE AND TANKS TO REMAIN IN PLACE. Closing Expenses To Be Mutually Shared As Is Customary In Normal IL. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Seller To Pay Post-Closing Utilities And Security Until Midnight March 15th, 2017. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalogs Are Not Part Of The Real-Estate Bid. Buyer Hereby Grants Seller, Its Buyers, Agents, Invitees, Sub-Contractors And Riggers Unobstructed Expense Free Access To The Property Until Midnight March 15th 2017. REMOVAL OF ASSETS. Removal Of The Assets From The Premises Will Be Conducted In A Workmanlike Manner, Consistent With Good Industrial Practice. Any Assets Requiring Disassembling And Moving Will Be Done At The Expense Of The Purchaser From Seller Who Shall Provide A Commercial General Liability (Combined Single Limit Per Occurrence) Certificate Of Insurance Naming The Seller And Buyer/Bidder As Additional Insured In A Minimum Amount Of $1,000,000.00. Seller Or Its Purchasers Will Have No Obligation To Cap, Tie, Disconnect Or Remove Electrical Wires, Water Lines, Air Lines, Etc. Beyond The First Connection Located At The Asset And Buyer Will Not Be Responsible To Fill, Clean Or Safety Guard Any Existing Pits Or Remove Stud Bolts From The Floor Or Debris Or Trash Which Remain After The Removal Of Assets Or Restore Any Non-Load Bearing Walls Dismantled During The Removal Process. Any Assets Remaining On The Premises After March 15th, 2017 Shall Be Deemed To Be Abandoned And Buyer/Bidder May Remove, Discard Or Otherwise Dispose Of Such Items With No Responsibility Or Liability To Seller Or Anyone Claiming Through Seller.

LOT 2 - MAIN BUILDING OF APPROX. 2,400,000 SQ. FT., RAIL SPUR, OFFICE BUILDING, BASEBALL FIELD, RESERVOIR & LAND (+/-) 301 ACRES
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"

No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. Closing Expenses To Be Mutually Shared As Is Customary In Normal IL. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Seller To Pay Post-Closing Utilities And Security Until Midnight March 15th, 2017. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalog Are Not Part Of The Real-Estate Bid. Buyer Hereby Grants Seller, Its Buyers, Agents, Invitees, Sub-Contractors And Riggers Unobstructed Expense Free Access To The Property Until Midnight March 15th 2017. REMOVAL OF ASSETS: Removal Of The Assets From The Premises Will Be Conducted In A Workmanlike Manner, Consistent With Good Industrial Practice. Any Assets Requiring Disassembling And Moving Will Be Done At The Expense Of The Purchaser From Seller Who Shall Provide A Commercial General Liability (Combined Single Limit Per Occurrence) Certificate Of Insurance Naming The Seller And Buyer/Bidder As Additional Insured In A Minimum Amount Of $1,000,000.00. Seller Or Its Purchasers Will Have No Obligation To Cap, Tie, Disconnect Or Remove Electrical Wires, Water Lines, Air Lines, Etc. Beyond The First Connection Located At The Asset And Buyer Will Not Be Responsible To Fill, Clean Or Safety Guard Any Existing Pits Or Remove Stud Bolts From The Floor Or Debris Or Trash Which Remain After The Removal Of Assets Or Restore Any Non-Load Bearing Walls Dismantled During The Removal Process. Any Assets Remaining On The Premises After March 15th, 2017 Shall Be Deemed To Be Abandoned And Buyer/Bidder May Remove, Discard Or Otherwise Dispose Of Such Items With No Responsibility Or Liability To Seller Or Anyone Claiming Through Seller. SPECIAL NOTE: This Property Lot Will Be Legally Plotted And Divided By The City Subsequent To The Auction At The Cost Paid By The Seller. Buyer Agrees The City May Require Minimal Additional Property Line Set Backs And As Such The Buyer Hereby Agrees To Whatever The City May Impose As Such. Utilities And Sewers Relocations Will Be The Buyers Responsibility.

LOT 2A - DEMOLITION OF MAIN BUILDING OF APPROX 2,400,000 SQ. FT – FOR DEMOLITION ONLY, NO LAND, DEMO TO BE PERFORMED DOWN TO SLAB
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"

No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. DEMOLITION TO BE TO SLAB LEVEL, SLAB ON GRADE TO STAY. UNDERGROUND SEWAGE AND TANKS TO REMAIN IN PLACE. RAIL SPUR TO REMAIN IN PLACE. DEMOLITION COMPLETION BOND REQUIRED SATISFACTORY TO SELLER IN THE AMOUNT OF $1,000,000.00. Closing Expenses To Be Mutually Shared As Is Customary In Normal IL. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Seller To Pay Post-Closing Utilities And Security Until Midnight March 15th, 2017. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalog Are Not Part Of The Real-Estate Bid. Buyer Hereby Grants Seller, Its Buyers, Agents, Invitees, Sub-Contractors And Riggers Unobstructed Expense Free Access To The Property Until Midnight March 15th 2017. REMOVAL OF ASSETS: Removal Of The Assets From The Premises Will Be Conducted In A Workmanlike Manner, Consistent With Good Industrial Practice. Any Assets Requiring Disassembling And Moving Will Be Done At The Expense Of The Purchaser From Seller Who Shall Provide A Commercial General Liability (Combined Single Limit Per Occurrence) Certificate Of Insurance Naming The Seller And Buyer/Bidder As Additional Insured In A Minimum Amount Of $1,000,000.00. Seller Or Its Purchasers Will Have No Obligation To Cap, Tie, Disconnect Or Remove Electrical Wires, Water Lines, Air Lines, Etc. Beyond The First Connection Located At The Asset And Buyer Will Not Be Responsible To Fill, Clean Or Safety Guard Any Existing Pits Or Remove Stud Bolts From The Floor Or Debris Or Trash Which Remain After The Removal Of Assets Or Restore Any Non-Load Bearing Walls Dismantled During The Removal Process. Any Assets Remaining On The Premises After March 15th, 2017 Shall Be Deemed To Be Abandoned And Buyer/Bidder May Remove, Discard Or Otherwise Dispose Of Such Items With No Responsibility Or Liability To Seller Or Anyone Claiming Through Seller. SPECIAL NOTE: This Property Lot Will Be Legally Plotted And Divided By The City Subsequent To The Auction At The Cost Paid By The Seller. Buyer Agrees The City May Require Minimal Additional Property Line Set Backs And As Such The Buyer Hereby Agrees To Whatever The City May Impose As Such. Utilities And Sewers Relocations Will Be The Buyers Responsibility.

LOT 2B - LAND (+/-) 301 ACRES (UPON WHICH MAIN BUILDING IS SITUATED UPON), LAND ONLY, BUILDING TO HAVE BEEN REMOVED DOWN TO SLAB
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"

No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. DEMOLITION TO BE TO SLAB LEVEL. UNDERGROUND SEWAGE AND TANKS TO REMAIN IN PLACE. RAIL SPUR TO REMAIN IN PLACE. DEMOLITION COMPLETION BOND REQUIRED SATISFACTORY TO SELLER IN THE AMOUNT OF $1,000,000.00. Closing Expenses To Be Mutually Shared As Is Customary In Normal IL. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Seller To Pay Post-Closing Utilities And Security Until Midnight March 15th, 2017. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalog Are Not Part Of The Real-Estate Bid. Buyer Hereby Grants Seller, Its Buyers, Agents, Invitees, Sub-Contractors And Riggers Unobstructed Expense Free Access To The Property Until Midnight March 15th 2017. REMOVAL OF ASSETS: Removal Of The Assets From The Premises Will Be Conducted In A Workmanlike Manner, Consistent With Good Industrial Practice. Any Assets Requiring Disassembling And Moving Will Be Done At The Expense Of The Purchaser From Seller Who Shall Provide A Commercial General Liability (Combined Single Limit Per Occurrence) Certificate Of Insurance Naming The Seller And Buyer/Bidder As Additional Insured In A Minimum Amount Of $1,000,000.00. Seller Or Its Purchasers Will Have No Obligation To Cap, Tie, Disconnect Or Remove Electrical Wires, Water Lines, Air Lines, Etc. Beyond The First Connection Located At The Asset And Buyer Will Not Be Responsible To Fill, Clean Or Safety Guard Any Existing Pits Or Remove Stud Bolts From The Floor Or Debris Or Trash Which Remain After The Removal Of Assets Or Restore Any Non-Load Bearing Walls Dismantled During The Removal Process. Any Assets Remaining On The Premises After March 15th, 2017 Shall Be Deemed To Be Abandoned And Buyer/Bidder May Remove, Discard Or Otherwise Dispose Of Such Items With No Responsibility Or Liability To Seller Or Anyone Claiming Through Seller. SPECIAL NOTE: This Property Lot Will Be Legally Plotted And Divided By The City Subsequent To The Auction At The Cost Paid By The Seller. Buyer Agrees The City May Require Minimal Additional Property Line Set Backs And As Such The Buyer Hereby Agrees To Whatever The City May Impose As Such. Utilities And Sewers Relocations Will Be The Buyers Responsibility.

LOT 3 - RACE TRACK LAND (+/-) 119 ACRES
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"

No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. Closing Expenses To Be Mutually Shared As Is Customary In Normal Il. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalog Are Not Part Of The Real-Estate Bid. Special Note: This Property Lot Will Be Legally Plotted And Divided By The City Subsequent To The Auction At The Cost Paid By The Seller. Buyer Agrees The City May Require Minimal Additional Property Line Set Backs And As Such The Buyer Hereby Agrees To Whatever The City May Impose As Such. Utilities And Sewers Relocations Will Be The Buyers Responsibility.

LOT 4 - SAKURA (1) LAND (+/-) 44 ACRES
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"

No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. Closing Expenses To Be Mutually Shared As Is Customary In Normal Il. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalog Are Not Part Of The Real-Estate Bid. Special Note: This Property Lot Will Be Legally Plotted And Divided By The City Subsequent To The Auction At The Cost Paid By The Seller. Buyer Agrees The City May Require Minimal Additional Property Line Set Backs And As Such The Buyer Hereby Agrees To Whatever The City May Impose As Such. Utilities And Sewers Relocations Will Be The Buyers Responsibility.

LOT 5 - SAKURA (2) BUILDINGS & LAND (+/-) 42 ACRES
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"

No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. Closing Expenses To Be Mutually Shared As Is Customary In Normal Il. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalog Are Not Part Of The Real-Estate Bid. Special Note: This Property Lot Will Be Legally Plotted And Divided By The City Subsequent To The Auction At The Cost Paid By The Seller. Buyer Agrees The City May Require Minimal Additional Property Line Set Backs And As Such The Buyer Hereby Agrees To Whatever The City May Impose As Such. Utilities And Sewers Relocations Will Be The Buyers Responsibility.

LOT 5A - SAKURA 1 & 2 BUILDINGS & LAND (+/-) 86 ACRES
"AS-IS AS INSPECTED WITH ALL ITS FAULTS"

No Representations Or Warranties Of Any Kind Other Than Free And Clear Title At Closing. Closing Expenses To Be Mutually Shared As Is Customary In Normal Il. Closing Cash To Be Paid In Full 21 Calendar Days From The Auction Date And To Be Held In Sellers Escrow Account. The Closing Will Take Place Upon Completion Of The Below Special Note. If Cash In Full Is Not Received By Seller On Or Before 21 Calendar Days, Buyers Deposit Is Forfeited As Liquidated Damages. All Taxes, Fees, Utilities Etcetera To Be Prorated At Closing. All Security, Utility Deposits Etcetera To Be Returned To Seller At Closing. Buyer/Bidder Agrees All The Assets Being Sold Hereunder In The Multi-Day Auction Catalog Are Not Part Of The Real-Estate Bid. Special Note: This Property Lot Will Be Legally Plotted And Divided By The City Subsequent To The Auction At The Cost Paid By The Seller. Buyer Agrees The City May Require Minimal Additional Property Line Set Backs And As Such The Buyer Hereby Agrees To Whatever The City May Impose As Such. Utilities And Sewers Relocations Will Be The Buyers Responsibility.

Registration Info

INSTRUCTIONS TO BID
BIDDERS MUST AGREE TO ALL TERMS & CONDITIONS
ONSITE & INTERNET BIDDERS
All internet bidders must register for this auction at least 72-HOURS PRIOR TO SALE DATE.
DEPOSIT REQUIREMENTS FOR ONSITE BIDDERS:
IF YOU ARE BIDDING ON-SITE PLEASE DO NOT REGISTER ONLINE!!
Registration is available onsite the day of the sale. ***All onsite bidders must provide 25% of approximate bid amount which will allow a buyer to spend 4 times the deposited amount the day of the sale. $500 cash minimum is required which will only allow a maximum spending amount of $2,000. Acceptable forms of payment for ON-SITE are via:

1. Cash

2. Wire Transfer: Please Note - All wire transfers payments must include an additional $30 domestic & $45 international wire transfer fee - incoming & outgoing

3. Cashier's Check: Made out to Biditup Auctions Worldwide, Inc.

4. Blank Company/Corporate Checks: For deposit only with valid driver's license, matching business card & BANK LETTER OF GUARANTEE. Checks will be given back at the end of the sale if buyer is not a successful bidder OR if successful bidding the checks will be returned after BIU receives a cashier's check or wire transfer for final payment.

DEPOSIT REQUIREMENTS FOR ONLINE BIDDERS:
Minimum: $2,500 required which allows a spending limit of $10,000.
If you are planning on spending above $10,000 you will need to deposit 25% of your maximum anticipated spending. (This will allow a spending limit up to 4 times the deposit amount sent)

Example: $5,000 deposit = allows up to $20,000

You will only be allowed to bid up to 4 times your deposit amount so please estimate your deposit accurately. We will restrict any bidding beyond the above.

Forms of payment for deposits accepted online:

1. CASHIER'S CHECK made out to Biditup Auctions Worldwide, Inc. and delivered to our office prior to the sale 11426 Ventura Blvd, 2nd Floor, Studio City, CA 91604

2. WIRE TRANSFER . Please contact our office for current wire information 818.508.7034 or email wire instruction request to [email protected].

We no longer accept company checks for online bidding with bank letter or credit cards, NO EXCEPTIONS.

Preferred Buyers: **As a courtesy to members of the Machinery Dealers National Association (MDNA) deposit requirements are waived and verified members will be approved to bid up to $20,000 without deposit. Please provide us with your MDNA number, a copy of your business card, drivers license and email for verification. If planning on bidding over $20,000 please wire transfer the entire amount you anticipate exceeding or you will be prohibited from bidding beyond the $20,000.
Those who do not post the deposit will not be approved. NO EXCEPTIONS! IF YOU
ARE SHORT ON THE DEPOSIT, YOU WILL NOT BE ALLOWED TO BID
ALL DEPOSIT REFUNDS WILL BE RETURNED IN THE SAME METHOD OF DEPOSIT THAT WAS RECEIVED, WITHIN 5-7 BUSINESS DAYS.
PLEASE EMAIL [email protected] FOR WIRE TRANSFER INFORMATION.
There is a $30 incoming wire fee and $45 outgoing wire fee applied to final payments only.
PROXY BIDDERS
All proxy bidders must register for this auction at least 48-HOURS PRIOR TO SALE DATE.
All proxy bidders must post a 25% deposit of your planned spending budget in the form of a WIRE TRANSFER, ACH or Cashier's Check made out to BIDITUP AUCTIONS WORLDWIDE, INC. with a $2,500 MINIMUM DEPOSIT in order to be approved to bid.
Those who do not post the deposit will not be approved. NO EXCEPTIONS!
PLEASE EMAIL [email protected] FOR WIRE TRANSFER INFORMATION.

Payment Info

* All Items Subject to Seller's Acceptance of Online Bids *

BUYER'S PREMIUM

ONLINE: 6%
ONSITE: 6%

***Please fax resale certificates to Biditup Auctions (818.508.3025) prior to bidding.***

Acceptable Payment Methods:
1. Cash
2. Cashier's Check
3. Wire Transfer

Auctioneer must approve all payment methods prior to bidding. The Auctioneer reserves the right to determine the validity of all cashier checks and letters of guarantee.

PLEASE NOTE: WE DO NOT ACCEPT CREDIT CARD PAYMENTS. NO EXCEPTIONS!

Removal Info

  • Removal dates: TBA
  • Removal times 8:00 AM - 4:00 PM Monday through Friday.
  • No items released until payment is received in full.