Name Bennu Oil & Gas, LLC Bankruptcy Auction 4-7-2017
Auctioneer Lawler Auction Company
Type Online-Only Auction
Date(s) 4/7/2017
April 7, 2017 at 2pm.
Preview Date/Time There will be no preview date for this auction. Bidders must utilize the photos on file, as items have been disassembled and moved to a warehouse facility.
Checkout Date/Time Buyers must pick up their merchandise from the Houston, Texas warehouse on Monday, April 10th, Tuesday, April 11th, or Wednesday, April 12th. However all items must be paid for in full by April 7, 2017 after the auction closes.
Location 6100 W. by Northwest, Suite 190
Houston, TX 77040
Buyer Premium 15% BUYER'S PREMIUM
Description
We have been commissioned by the United States Bankruptcy Court to conduct an Online Only Internet Auction for the purposes of liquidating the office furniture and fixtures of Bennu Oil & Gas, LLC. The assets have been moved from Bennu's uptown office location to a warehouse facility operated by EDM Office Services, Inc. so that they can be sold to the highest bidder. Winning bidders may pick up their merchandise at EDM's warehouse or they can hire EDM to deliver and install the furniture at their location. All photos were taken of the merchandise before it was disassembled and taken to EDM's warehouse location at 6100 W. by Northwest, Houston, Texas 77040. This auction was orginally set to end on March 31, 2017, however the Court has ordered us to move the closing date to Friday, April 7, 2017 beginning at 2pm CST.
All items are sold "as is" without warranties or guarantees of any kind whatsoever. Please examine photos carefully before placing a bid. There is a 15% Buyer's Premium on all items. We are required to collect sales tax on all purchases. Buyers may pay with bank wire transfer or by credit card. If a credit card or debit card is used, a 3% surcharge will apply. Cash payments are also accepted at Lawler Auction Compay's Shreveport Office only and must be paid on the day of the auction or by 10AM the next business day. Otherwise the credit card on file will be charged and a 3% surcharge will apply. If you wish to pay by bank wire transfer or by cash at the Shreveport office, please notify us by email or put a note in the "Auctioneer's Notes" section of the bidder account. Otherwise the credit card on file will automatically be charged immediately after the auction is over. We are required by state law to collect sales tax on all purchases. The auction will begin to close, starting with Lot # 1 and with each subsequent lot closing about 7 seconds behind the other. In the event that a last minute bid is placed (often referred to as a "sniper bid"), the bidding on that particular lot will be extended for two minutes each time a bid is placed on that lot. If you are bidding on multiple lots, it can get confusing watching every lot so we strongly recommend entering a Maximum bid, where the system will automatically bid on your behalf in increments up to your maximum bid. Other buyers will not be able to see your maximum bid. Buyers that do not elect to have EDM deliver and install their winning bids may pick up their merchandise themselves at EDM's Warehouse during normal business hours on April 10th, April 11th, and April 12th.. Buyers who do not pick up their merchandise during those three days will be charged a $9 per day storage fee by EDM for each day past the three day pickup days. EDM will not charge a load-out fee for customers wishing to pick up at their warehouse within the 3 day period. EDM will waive storage fees for customers who elect to have their items delivered and installed by EDM. For pricing information on delivery and installation, contact EDM directly at 713-862-5101. EDM has agreed to offer delivery and installation of the office furniture in this auction. EDM has agreed to deliver and install the following items for the following prices: U-Shaped Desk with Hutch $160 L-Shaped Desk with Hutch $120 Tasks Chairs and Guest Chairs $12 Stackable Chairs $5 File Cabinets $25 Bookcases $25 Tables $25 TV's $75 Conference Tables $125 Plotters $45 Marker Boards $65 Tack Boards $65 Lounge Chairs $15 End Tables $10 Plants $15 Shredders $10 Drafting Tables $35 Benches $25 Art work and framed photos $15 Projectors are $10 (EDM will not install projectors) For items to be delivered beyond 30 miles, there is a $2 per mile charge on a truck load. For more information or questions on delivery, contact EDM directly by calling (713) 862-5101 or (832) 544-8060.
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 - 300.00 5.00 USD
300.01 - 500.00 10.00 USD
500.01 - 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 15% BUYER'S PREMIUM
Payment Terms
The credit card will be charged after the auction unless the buyer notifies the auction company in advance that they will be paying with a bank wire or cash at Lawler Auction Company's Shreveport office by 10AM on April 1, 2017.
Shipping is the responsibility of the buyer. However delivery and installation is available from EDM Office Services, Inc. Their phone number is (713) 862-5101.