ALL BIDDERS MUST COMPLETE A CREDIT CARD AUTHORIZATION FORM BEFORE BEING APPROVED CLICK HERE TO DOWNLOAD IT This form authorizes Infinity Asset Solutions to charge the required deposit on your account. Please complete this form and return by fax: 905-669-7512 or by email: email@example.com
CLICK HERE TO VIEW FULL SCHEDULE & TABLE OF CONTENTS
Large Capacity Lathes:
Geminis Model GE-1400-S Engine Lathe
Geminis Model GE-1200-S Engine Lathe
Meuser Engine Lathe
Boring & Planer Mills:
Schiess Model 2K 300 MM 500MM Swing Vertical Boring Mill
Cincinnati Model Hypro Open Sided Planer Mill, 28' x 80" Bed
Asquith Model P29852 Floor Type Horizontal Boring Mill
Press Brake, Shear:
Pacific 750-18 Brake 750 Ton Capacity x 18'
Accushear 8100012 Shear 1" Capacity 12' Length
Welding & Rolls:
The Aronson HD4000A Welding Positioner 40,000 lbs Cap
DiPaolo 10' Turning Rolls x 1/2" Capacity Initial Pinch
Hassleholms Angle Rolls Model R6 5-5-5/8
Overhead & Rolling Cranes:
Kone 40/10 Ton Capacity
Kone 40 Ton Capacity
Grove Model TMS475LP Mobile Crane
Lorain Model MC8150 Mobile Crane, 160 Ton Capacity
Plus many more machinery, inventory & details to follow!
Fabrication & Machining
Cranes, Rolling Stock, Acorn Plates
Weld Positioners, Systems, Support Equip
Raw & Scrap Material, Plant Offices
NOTE: No Lots
Main Office Building Contents
BidSpotter Customer Service Support Department
To reach a member of our qualified support staff regarding information or questions pertaining to the bidding process; please reach us by phone, email or LiveChat
TERMS & CONDITIONS
PAYMENT: All payments must be in Cash, Certified Funds,
Wire Transfers or Company Checks must be
accompanied with a bank letter guaranteeing irrevocable
payment to Infinity Asset
Credit Card payments accepted Only For Purchases $2,000 and Under
All Online bidders must register on Bidspotter by 5 PM Tuesday November 11.
A 18% buyers premium will be added to all online purchases,
A $2000 refundable security deposit is required upon online
A 25% deposit is required at time of purchase, balance due
by 4 PM Thursday November 13th 2014
All Small Machines & Items – Nov. 21, Large Boring Mill, VTL, Geminis Lathes,
Cranes – Friday December 5
Hours: Monday - Friday between 8 am - 4 pm.
No items may be removed during auction. NO EXCEPTIONS.
Site Supervisor: Ian Mundie 519-757-7300
Accounting Contact: Caroline 519-757-7860
Banking Information (Wire Transfers):
CANADIAN WIRE TRANSFER INSTRUCTIONS.
INFINITY ASSET SOLUTIONS INC.
63 MAPLECRETE ROAD
CONCORD, ONTARIO L4K 1A5
ACCOUNT #: 1007137
TRANSIT #: 00192
BANK #: 003
SWIFT CODE: ROYCCAT2
RBC ROYAL BANK
3300 HIGHWAY #7, WEST
CONCORD, ONTARIO L4K 4M3
Auctioneers - liquidators - Appraisers 63 Maplecrete Road,
Concord, Ontario L4K 1AS Canada, Phone: (905) 669-8893
Fax: (905) 669-7512, www.infinityassets.com
Persons participating in the auction shall be bound by ALL
of the following terms and conditions, which are subject to
amendments and modifications by the Auctioneer at the time
1. This catalogue is meant merely as a guide. The
Auctioneer believes the descriptions contained herein to be
correct, but make no warranty in connection therewith.
2. Auctioneer reserves the right to sell subject to reserve
and to bid for its own account and for the accounts of
others, whether by verbal or written proxy, all lots are
subject to prior sale.
3. The Auctioneer reserves the right to refuse any applicant
the privilege of bidding or attending at the auction and may
revoke such privilege at any time.
4. All Articles will be sold to the highest bidder
conforming to the bid process, provided that the Auctioneer
reserves the right to sell articles by individual, group
lots and in bulk, as he deems appropriate. The
reserves the right to sell on behalf of third parties, its
own account or on the account of others. Should any dispute
arise between two or more bidders or as to any bid, the lot
in question may, at the
immediately put up again and resold. The Auctioneer shall
regulate all matters relating to the conduct of the auction
and his decision shall be final and binding on all bidders.
The record kept by the clerk of sale, shall in all cases be
accepted by the bidder as final.
5. All sales shall be concluded as indicated by the
Auctioneer and no Purchaser may thereafter revoke his bid.
Title to the lots purchased shall not pass until payment in
full of the purchase price is received.
6. ALL SALES ARE FINAL, ON AN \"AS IS WHERE IS,\" IN
WITH ALL FAULTS, BASIS WITH NO CONDITIONS OR WARRANTIES
WHETHER EXPRESSED OR IMPLIED, STATUTORY OR OTHERWISE,
INCLUDING WITHOUT LIMITATION, WARRANTIES OR CONDITIONS, AS
TO TITLE, DESCRIPTION, FITNESS FOR PURPOSE, QUANTITY,
QUALITY, MERCHANTABILITY, STATE, CONDITION, LOCATION OR
OTHERWISE. NO SALE SHALL BE INVALIDATED AND AUCTIONEER
SHALL HAVE NO LIABILITY FOR A MISDESCRIPTION OF ANY ARTICLE
OR LOT WHETHER CONTAINED IN A CATALOGUE, ADVERTISEMENT OR
OTHERWISE. DESCRIPTIONS HAVE BEEN PREPARED FOR GUIDE
PURPOSES ONLY AND SHALL NOT BE RELIED UPON BY THE PURCHASER
FOR ACCURACY OR COMPLETENESS. PLEASE INSPECT ALL ITEMS
BEFORE BIDDING. PURCHASERS SHALL BE DEEMED TO HAVE RELIED
ENTIRELY UPON THEIR OWN INSPECTIONS AND INVESTIGATIONS.
7. A deposit equal to 25 percent of the purchases shall be
made at the time of sale. The balance of the purchase price
must be paid in full before or immediately after the
conclusion of the auction. All payments shall be made by
way of cash, certified cheque or letter of credit payable to
Infinity Asset Solutions Inc. Deposits on account of
purchases may be made in advance of the auction and the
balance thereof will be paid immediately after the auction.
The Auctioneer reserves the right to put articles back up
for auction if deposit is not received at or before the time
8. No article shall be removed unless paid for in full and
articles purchased shall be removed within the guidelines
and terms stipulated. The Purchaser shall be responsible
for all the costs of removal and shall be liable for all
damages, including without limitation, any environmental
damage, caused during or as a result of the removal.
Purchasers shall comply with all environmental laws and
regulations including requirements as to bonding of movers.
No claims shall be allowed after removal of the purchased
9. Where available, documents of transfer, including motor
vehicle ownership documents, which are in possession of the
Auctioneer, will be provided to the Purchaser following the
auction or as soon thereafter as such documents are
10. No purchaser may assign, transfer or dispose of his
rights in any article purchased before he has paid the
purchase price in full.
11. Purchasers shall pay applicable federal and provincial
taxes, and or state tax, or furnish exemption certificates
at the time of payment for goods purchased. All purchases
are subject to Federal Goods and Services Tax (G.S.T.) at
all times. No exceptions whatsoever.
12. Time shall be of the essence. If a Purchaser fails to
make payment or remove goods within the time periods
hereinabove provided, the Auctioneer may resell the article
purchased by auction, private contract or otherwise, as the
Auctioneer in his discretion deems advisable, and the
Purchaser shall be liable for the shortfall and all costs
expenses, including but not limited to interest rates (a
minimum of 1.5% per month or 18% per annum), legal fees,
moving and storage (a minimum rate of $2.00/sq. ft. per
month) and commissions, incurred such as resale.
13. The Auctioneer assumes no responsibility or any
liability once title passes, which occurs at time of payment
in full. Purchasers are advised to prearrange for insurance
coverage of their purchase. Title will revert to the seller
in the event purchaser does not remove his purchases within
the time specified.
14. If the Auctioneer is unable to deliver an article sold
to a Purchaser due to fire, theft or any other reason
whatsoever, the Auctioneer shall reimburse the Purchaser for
all monies paid to the Auctioneer in respect of the article
and the Auctioneer shall have no further liability to the
Purchaser arising from or relating to such loss, including
without limitation, any damages or loss of profits.
15. Bidders acknowledge that any auction site is a
potentially dangerous place with noxious, corrosive and
pressurized substances being present, heavy equipment being
operated and electric circuits being live. Every person at
the Auction Site before, during and after the auction sale
shall be deemed to be there at their own risk with notice of
the condition of the premises, the activities on the
premises and the conduct of third parties, and the Bidder
shall so advise his/her agents and employees. No person
shall have any claim against the auctioneer, his agents,
employees or principals for any injuries sustained for
damages to or loss of property which may occur from any
These terms and conditions together with any amendments or
modifications expressly made by Auctioneer at the time of
auction constitute all the terms and conditions with respect
to the sale of articles at this auction. There are no
representations warranties, terms, conditions undertakings
or collateral agreements except as herein provided.
EQUIPMENT REMOVAL PROCEDURES/ TERMS & CONDITIONS The
following are the applicable procedures and terms and
conditions for the removal of equipment or other items
purchased at an Infinity Asset Solutions Inc. (?Infinity?)
1. All invoices must be paid in full prior to removal of
equipment. Each invoice must be marked ?Paid in Full? and
initialed by an authorized Infinity representative.
2. No business cards are to be placed on items purchased
until after they are sold and paid for in full.
3. All buyers are solely responsible for the removal of
items purchased by them.
4. Buyers are responsible for, at their expense:
(a) proper and safe disconnection and termination of all
electrical, gas, water and/or air lines to machines as
instructed or directed by an authorized Infinity
(b) shearing flush to the floor of all anchor bolts or
(c) erecting safety barriers around pits and holes in
the floor created by removal of equipment until repaired
(d) repair, in a first class, proper workmanlike manner,
all holes in the floor or roof created by the removal of
(e) removing, off premises, all hazardous materials
(including all contaminants) contained in items purchased;
(f) repairing, in a first class, proper workmanlike
manner, all damage caused to the premises by a buyer, its
representative or any other party hired by a buyer for the
removal of items purchased;
(g) leaving the work area in a clean, broom-swept
(h) any other specific terms and conditions communicated
by Infinity before, during or after the auction sale;
(i) removal of items purchased by the time and date set
by Infinity before, during or after the auction sale; and
(j) the safety of all of a
employees, agents or
representatives including all movers/riggers hired by such
5. Prior to removal, all buyers, or any movers or riggers
hired by a buyer, must provide to Infinity a certificate of
insurance evidencing at least $1,000,000 in comprehensive
liability insurance coverage (including workers compensation
and automobile) per person, per occurrence.
6. Prior to removal, an authorized Infinity representative
must examine and approve the removal of all items purchased
at the sale. Such approval shall be indicated by this
representative initialing all invoices.
7. No items shall be removed until after the auction sale.
Removal hours are weekdays only between 8:00 a.m. and 5:00
8. Buyers and their movers/riggers are jointly and severally
liable for all damages, costs and expenses to the premises
or any other assets which were caused by any of them, their
employees, agents or representatives whether through
negligence or otherwise. The Buyer indemnifies and saves
Infinity harmless from any and all costs, expenses and
claims suffered or incurred by Infinity as a result of any
act or omission of such buyer and/or any mover or rigger
retained by a buyer.
NO ITEMS SHALL LEAVE THE PREMISES UNTIL THE ABOVE HAS BEEN
COMPLIED WITH TO INFINITY?S SATISFACTION.
NOTE: Buyers, please provide all movers or riggers hired
by you with a copy of these procedures/terms and conditions
as you will be held liable for their conduct.