Name Jasaluk LLC Bankruptcy Auction 5-30-2017
Auctioneer Lawler Auction Company
Type Online-Only Auction
Date(s) 5/30/2017
Tuesday, May 30, 2017 beginning at 2pm CST.
Preview Date/Time Monday, May 29, 2017 between 9am and 5pm.
Checkout Date/Time Payment due the day of the auction. Pick up days are Wednesday, Thursday and Friday (May 31, June 1, and June 2 only).
Location 6120 Louetta Road
Spring, TX 77379
Buyer Premium 15% BUYER'S PREMIUM
Description
We have been commissioned by the United States Bankruptcy Court (Pending Court Approval) to auction off the assets of Jasaluk, LLC, a company that provided bolts, nuts, and fasteners to the oil and gas industry for many years. The assets will be sold through an online only auction that is scheduled to end on Tuesday, May 30, 2017 beginning to close at 2pm CST.
All assets will be sold via an online internet only auction that will begin to close at 2pm CST on Tuesday, May 30, 2017, beginning with Lot # 1 and each subsequent lot closing approximately 7 seconds behind the other. In the event that a last minute (or sniper) bid is placed, the bidding will be extended out approximately two minutes for each subsequent bid on that particular lot. All items are sold "as is" without warranties or guarantees of any kind whatsoever. Buyers are encouraged to inspect items carefully before placing a bid. A preview and inspection time has been established for Monday, May 29, 2017 between the hours of 9am and 4pm, at 6120 Louetta Road, Spring, Texas 77379 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 Company'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. 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. Items must be picked up on Wednesday (May 31st) , Thursday (June 1) or Friday (June 2) only between the hours of 7:30AM and 4:30PM. A fork lift assistance will be available. Buyers are encouraged to call and make an appointment for pickup so that they are not waiting in long lines. Buyers with an appointment time will be given priority service.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 25.00 1.00 USD
25.01 - 50.00 5.00 USD
50.01 - 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 on the day of the auction.
Shipping is the responsibility of the buyer. Fork lift assistance will be available, however all buyers must bring plenty of labor necessary to load out their own items. Customers with a pickup appointment time will be given priority service.