Global Online Auction

SHORT NOTICE SALE – GEAR ENGINEERING & MANUFACTURING CO. – IKEGAI AX20Z & FEMCO DURGA-25E CNC LATHE, BARBER-COLEMAN 16-36 & NO. 3 GEAR HOBBER, RED RING GEAR SHAVER & HARD TOOTH GEAR HONE, FELLOWS #7 SHAPER, LOTS OF TOOLING & MORE

Auction Dates:
Starts: Tuesday, September 20, 2016 - 11:00am (PST)
Ends: Friday, September 23, 2016 - 11:00am (PST)
Auction Type: Global Online Auction
Location: 2826 Norton Ave, Lynwood, CA 90262
Description:

SHORT NOTICE SALE – GEAR ENGINEERING & MANUFACTURING CO. – IKEGAI AX20Z & FEMCO DURGA-25E CNC LATHE, BARBER-COLEMAN 16-36 & NO. 3 GEAR HOBBER, RED RING GEAR SHAVER & HARD TOOTH GEAR HONE, FELLOWS #7 SHAPER, LOTS OF TOOLING & MORE

(1998) Femco Durga-25E CNC Lathe • (1985) Ikegai AX20Z CNC Lathe • Barber-Coleman 16-36 Gear Hobber • Barber-Coleman No. 3 Gear Hobber • Red Ring Hard Tooth Gear Hone • Red Ring Gear Shaver • Fellows #7 Shaper • 14" x 30" Logan Chucker • Index Vertical Milling Machine Sunnen Precision Honing Machine • Kalamazoo 8" Buffer • Rockwell Hardness Tester • Granite Surface Plate • Material Rack w/ Bar Stock • Lots of Tooling • & More

Photo Gallery:

Featuring:

• (1998) Femco Durga-25E CNC Lathe, 12-Station Turret, 8" 3-Jaw Chuck, Tail Stock, FongeX Chip Conveyor, Fanuc Series 0-T Control
• (1985) Ikegai AX20Z CNC Lathe, 12-Station Turret, 10" Kitagawa 3-Jaw Chuck, Tail Stock, Fanuc System 6T Control
• Barber-Coleman 16-36 Gear Hobber
• Barber-Coleman No. 3 Gear Hobber
• Red Ring Hard Tooth Gear Hone
• Red Ring Gear Shaver
• Fellows #7 Shaper
• 14" x 30" Logan Chucker
• Index Vertical Milling Machine
Sunnen Precision Honing Machine
• Kalamazoo 8" Buffer
• Rockwell Hardness Tester
• Granite Surface Plate
• Material Rack w/ Bar Stock
• Lots of Tooling
• & More

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 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 reception@biditup.com.

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 WIRETRANSFER@BIDITUP.COM 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 WIRETRANSFER@BIDITUP.COM FOR WIRE TRANSFER INFORMATION.

Payment Info:

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

BUYER'S PREMIUM

ONLINE: 18%
 

***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.

Please note: BidItUp is not affiliated with any machinery rigging, transport or export company. The names and contact information of available companies are provided solely as a courtesy to our buyers. BidItUp does not endorse or guarantee the services of any machinery rigging, transport or export company, and cannot be held responsible for any damage or other problems incurred as a result of the actions of those companies. We encourage buyers to employ the service provider of their choice, provided they can supply BidItUp with the required forms and insurance certificates.