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Auction

Saturday, July 18
11:00 p.m.

Auction will be Conducted at: 823 Pike Road, West Palm Beach, Florida 33411

Assignment for Benefit of Creditors, In Re: Coral Steel

Case Number: 50-2020-CA-001524-XXXX-MB • Leslie S. Osborne, Assignee

INVENTORY

Trucks

1994 White GMC/Volvo Model WG64T Road Tractor
(Series 60 Detroit Diesel Engine
1994 White GMC/Volvo Model WG64T Road Tractor
(Series 60 Detroit Diesel Engine)
1998 MACK Model CH613 Road Tractor
1998 MACK Model CH613 Road Tractor
1999 Mitsubishi Flatbed Truck
(Model FE649F6SLUA4)

TRAILERS

1981 Hercules 40 Foot Flatbed Trailer
1974 Great Dane 40 Foot Flatbed Trailer
1970 Brown 44 Foot Flatbed Trailer

MACHINERY

Clark Forklift - Model CGP30 (Propane Powered)
1995 Caterpillar Forklift - Model DP70
15,500 Pound Capacity
Triple Mast
84 Inch Forks
Komatsu Model WA180-1 Front End Loader
Includes Forklift & Bucket
New Orbital Control Value

STORAGE CONTAINERS, FUEL TANKS & AIR-COMPRESSORS

(4) 40 Foot Ocean Shipping Containers
(2) 20 Foot Ocean Shipping Containers
(2) Red Fuel Tank 500 Gallon Capacity With Rotary Pump
(1) White Fuel Tank 105 Gallon Capacity With Rotary Pump
(1) 5 Horsepower Model E-57, 3-Phase Air-Compressor
(1) 10 Horsepower, 3-Phase Air-Compressor
(1) 15 Horsepower, 3-Phase Air-Compressor

STEEL FABRICATION EQUIPMENT

2005 Schnell Ideal Cage Fusion Welding Assembly Machine
Model 12/25UL #0840051367
3 Payout Stations, Coil Holder & Transformer
Controller #03050678
40 Foot Table
Canton 22A Alligator Shear
10-Horsepower
Left Hand 24 Inch Blades
Eaton Air Clutch/Brake
Magnate Electric Motor
Canton 11A Alligator Shear
10-Horsepower
Left Hand
Air Clutch
Industrial Motor
KRB Shearline
60 Foot Double Side Infeed Table
40 Foot Double Side Gauge Table
42 Inch Pass Through
(20) KRB 5 Bin Pocket Assembly
KRB Controller, Analogue & Manual
2006 Rodchomper Bender/Cutter Model RBRE14MD (20 Horsepower)
2003 Rodchomper Bender/Cutter Model RCBE8 (10-Horsepower)

OTHER ITEMS

Assorted Office Furniture
Assorted Printers
Assorted Pallet Racking (Unassembled)
Assorted Steel
(1) Pallet Blackboard
Roofing Felt
Much, Much More

PHOTOS

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TERMS & CONDITIONS OF SALE

1. BIDDER REGISTRATION:

  • The auction is open to the public and all bidders are required to register with the Auctioneer. Bidder Registration will begin at 9:00 A.M. on Auction Day.

2. PREVIEWS:

  • Assets offered at this auction will be available for previews two hours prior to auction.

3. AUCTION SITE:

  • The auction will be conducted at 11:00 A.M. on Saturday, July 18, 2020 at 823 Pike Road, West Palm Beach, Florida 33411.
  • Directions - Florida Turnpike to Exit 97 (Southern Boulevard). After paying toll, continue to Southern Boulevard and turn right. At Pike Road turn right and continue to auction site. Please watch for auction signs.

4. DEPOSITS & FINAL PAYMENT:

  • Payment in full is expected at the conclusion of the auction by Cash, Cashier's Checks or Money Orders. Corporate checks will be accepted when accompanied by a current Bank Letter and made specifically for this auction and addressed to National Auction Company guaranteeing payment and subject to verification at the time of Bidder's registration.
  • Bidders who leave the auction site without paying in full are required to make a deposit in the minimum amount of 25% of the full purchase price and advise auction staff when they are returning with the balance due. If no deposit is made, the Auctioneer and/or Assignee may determine to resell the assets.
  • Balances will be due no later than Monday, July 20, 2020 no later than 12:00 P.M. Final payment must be in the form of Cash, Cashier's Check or Money Order only.

5. FLORIDA SALES TAX:

  • All sales are subject to rules of the Florida Department of Revenue.
  • Florida dealers or those who are purchasing for resale are asked to bring a copy of their Resale Certificate to the auction which must be presented at the time of Bidder registration.
  • Sales Tax due on vehicles offered and sold at the auction should be paid at the time the Certificate of Title is transferred.

6. FORM of AUCTION:

  • This auction is conducted pursuant to an Order of the Circuit Court of the Fifteenth Judicial Circuit In And For Palm Beach County, Florida on behalf of Leslie S. Osborne, Assignee.
  • All top bid prices are subject to confirmation by the Court-Appointed Assignee. Confirmation is expected following the conclusion of the auction.
  • It is expected the Assignee or his Representative will attend the auction in person or by Cell Phone. Confirmation of top bid prices is expected following conclusion of the event.
  • Please be advised Certificates of Title are available and will be given to Purchasers after payment in full is received by the Auctioneer.

7. BUYER'S PREMIUM:

  • A 10% Buyer's Premium will be added to all top bids and included in the total purchase price.

8. METHOD of SALE:

  • The method and order of sale will be at the Auctioneer's discretion.
  • Determination and recognition of bid increments will be at the discretion of the Auctioneer.
  • In the event items are offered at the auction and bids are not received, the Auctioneer may remove them from the order of sale and offer them at a later time or await specific instructions from the Assignee or his Representative.
  • The Auctioneer and Assignee reserve the right to add or delete any item (s) from the auction. All top bid prices are subject to confirmation by the Assignee. of the Trustee.
  • The terms and conditions of sale may be changed by announcement from the auction podium with any such announcement taking precedence over previously printed materials or oral statements made.
  • Bids will only be accepted from bidders who have registered with the Auctioneer.
  • In the event of disputes between bidders or tie bids, the Auctioneer's decision will be final.
  • The Auctioneer reserves the right to ask for additional deposits from any bidder during the course of the auction. In the event a deposit is requested and not given, vehicles previously sold may be subject to resale at the option of Assignee or Auctioneer.
  • All information contained in the Auction Flyer, Post Cards, newspaper ads, web site or furnished by staff members is believed to be correct but is not guaranteed. Bidders must rely upon their own information, judgment and inspection of the assets being offered.
  • The auction may be electronically recorded to provide a record of the event. Any recording is the property of National Auction Company and the Assignee.
  • Purchasers are not permitted to resell any inventory purchased during the auction to third parties or reassign auction clerking tickets to other bidders.
  • In the event a Top Bidder fails to make final payment, any deposit given will be subject to forfeiture.

9. REMOVAL of PURCHASES:

  • All purchases must be removed from the premises as soon as possible. The auction site will remain open on auction day until 5:00 P.M.
  • Purchases can be removed on auction day after payment in full at the option of the Auctioneer but no later than Monday, July 20, 2020 by 3:00 P.M. Items left after that time could be subject to storage charges.
  • Purchasers using towing companies or other transporters are asked to identify them to National Auction Company staff.

10. AUCTIONEER CONTACT INFORMATION:

  • If additional details are needed please contact George Richards at (954) 658-5033 (cell) or grichards@natlauction.com (E-mail).

MAP

For further information on how the auction
method of sale can work for you, please contact us at:

Office: 561.364.7004
Cell: 954.658.5033

National Auction Company
Licensed Real Estate Brokers & Auctioneers

Mailing Address: 7958 Pines Boulevard #506, Pembroke Pines, Florida 33024
Office Address: 1900 SW 100 Avenue, Miramar, Florida 33025
AB640 AU899

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