Alexandria Iron & Scrap Bankruptcy Auction

Lawler Auction Company

 

Date(s) 6/1/2018 - 6/18/2018

Auction starts to close on Monday, June 18, 2018 at 2pm CST

Past Auction
Online-Only Auction
Bidding Notice:

All items must be removed on Tuesday or Wednesday (June 19 or June 20), with the exception of Lots 30, 31, and 32.

Auction Notice:

Please make note of new descriptions and information from mechanic.

Auction Information
Name Alexandria Iron & Scrap Bankruptcy Auction
Auctioneer
Type Online-Only Auction
Date(s) 6/1/2018 - 6/18/2018
Auction Date/Time Info
Auction starts to close on Monday, June 18, 2018 at 2pm CST
Preview Date/Time Monday, June 18, 2018 from 9am to 12pm
Checkout Date/Time All items must be paid for on the day of the auction, and not later than 10AM on Tuesday, June 19, 2018. We accept bank wire transfers or cash presented at our auction office in Shreveport, Louisiana. No checks accepted.
Location
Buyer Premium 10% BUYER'S PREMIUM
Description
We have been commissioned by the United States Bankruptcy Court to auction off the movable assets of Alexandria Iron & Supply Corporation, which will include all excavators, loaders, trucks, trailers, fork lifts, scales, iron and metal supplies, as well as scrap materials. This will be an online only internet auction that will be set to close on Monday, June 18, 2018 beginning at 2pm CST.
There is a 10% Buyer's Premium on all items. The Buyer is responsible for loading out their own items. Items must be picked up on Tuesday, June 19, 2018 or Wednesday, June 20, 2018 between the hours of 9am and 5pm only. We will not have staff on site after those days. The winning bidders of the supply iron (Lot #31) and scrap metal (Lot #30), and the overhead crane (Lot #32) will be given keys to the property gates to load out their own items and those two bidders will have up to 60 days to remove their items. However it should be noted that there are great security concerns on this property as we have already had several people caught stealing from this site. If the Buyer chooses to leave items on the property after June 20, 2018, they do so at their own risk. A preview and inspection will be on the day of the auction (Monday, June 18, 2018) between the hours of 9am and 12pm.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 10.00 1.00 USD
10.01 - 25.00 2.50 USD
25.01 - 100.00 5.00 USD
100.01 - 300.00 10.00 USD
300.01 - 1,000.00 25.00 USD
1,000.01 - 2,000.00 50.00 USD
2,000.01 - 3,000.00 100.00 USD
3,000.01 - 10,000.00 250.00 USD
10,000.01 - 100,000.00 500.00 USD
100,000.01 - 9,999,999.99 5,000.00 USD
Currency USD
Buyer Premium 10% BUYER'S PREMIUM
Payment Terms
No checks accepted. We accept bank wire transfers or cash payments delivered to our auction office in Shreveport. We do accept credit cards but there is a 3% surcharge for processing credit card payments. The preferred method of payment is a bank wire that must be received by Tuesday, June 19, 2018 no later than 12pm noon.
Shipping and Pickup is the responsibility of the buyers. We will be onsite on Tuesday, June 19, 2018 and Wednesday, June 20, 2018 from 9am to 5pm only. Our guys on-site cannot receive payments. Payments must be made through our Shreveport office.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.