BANKRUPTCY COURT ORDERED AUCTION
Selling by Order of the United States Bankruptcy Court
Bankruptcy Gun Auction
Saturday, May 26, 2012 at 8:00 am- Thursday, June 7th, 2012 at 6pm
Rockingham,NC - Richmond County
Online Only Bankruptcy Auction
Browning Model Gold Quail Unlimited
|20 Gauge Caliber, SN/114QU01086 (New), 1/4 IM8CYL/ 1/2 Mod. (86 out of 100)|
Austn & Halleck Black Powder Quail Unlimited
|(IFLU) .50 Caliber, 2 Stocks (New), SN/01510050|
Ruger Model Red Label 50th Anniversary
|20 Gauge Over/Under 3in, (New), SN/401-24149|
Rossi Combination Gun
|20 Gauge, .22 Rifle (New) SN/SP357315|
Remington Model 11-87 25th Anniversary Edition, Quail Unlimited
|20 Gauge (New), 2 3/4 or 3 (All 3 Chokes) SN/TL045080|
Browning Model Gold Quail Unlimited Caliber
|12 Gauge, 3in QU, (New) (53 out of 100) (Heritage Series Second Edition) SN/113QU01053|
Browning Citori Over/Under Heritage Series, 4th Edition
|28 Gauge, 525 Field, (New) SN/05053QUI31|
Brown Gold Hunter Quail Unlimited, 25th Anniversary
|20 Gauge Automatic (New) (5 out of 25), SN/114MV08407|
1870’s - 1880’s Percussion Half Stock
|36 Caliber Jamestown, NC (SH Ward)|
Half Stock 36 Caliber
|Precussioin Double Set Triggers Curly Maple (Engraved Initials JW)|
|11||Barrel (Unknown Maker)||Approximate 40 Caliber, Bayonet Also|
Auctioneers reserve the right to put a hold on your credit card account for an amount up to the amount of your bid prior to the end of the auction. Credit card payment will NOT be accepted above $2,000.00 unless prior approval has been made via the auction office.
Any bidder that plans on spending in excess of $5,000.00 should make arrangements with the auction office at least five (5) days in advance of the sale, as a deposit may be required to participate.
There will be a gun transfer fee of $20.00 added to the purchase price of each gun. Ed’s Gun Shop of Vass, North Carolina will be the FFL Dealer in this transaction and guns must be picked up or shipped to winning bidder’s FFL dealer within 7 business days after the end of the auction. You will be able to pick up your items starting on Tuesday, June 12th.
Ed’s Gun Shop
5560 US 1 HWY
Vass, NC 28394
The following is a sample of a Bank Letter of Guarantee of Payment:
BANK GUARANTEE FORM
DATE: ________________ (BANK LETTERHEAD)
Our bank, (bank’s name), irrevocably will guarantee any checks written to IRON HORSE AUCTION CO., INC. for the purchase of items at the Auction by (you or your company name) from account number (fill in number) up to the total amount of $______________.
(Bank Officer’s Name, Title and Phone)
Please note: AUCTIONEERS ARE SELLING THESE ITEMS BY A FEDERAL COURT ORDER. THIS MEANS IF YOU ARE A WINNING BIDDER AND DO NOT PAY ACCORDING TO THE TERMS AND CONDITIONS OF THE AUCTION, YOU ARE SUBJECT TO COURT ACTION BY THE UNITED STATES BANKRUPTCY COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA WINSTON-SALEM DIVISION.
Selling by order of the United States Bankruptcy Court - Court Ordered Auction - Case # 09-50140, In the matter of Renegade Holdings, Inc. etal.
*By bidding, you the bidder/buyer certify that you have either closely examined the item(s), have chosen to not examine the item(s)or have hired an independent agent to the item(s) for you. *If payment is not received IHAC will attempt to collect by charging the credit card in which you registered.
Conditions: All property offered for sale is strictly "AS IS, WHERE IS". All sales are final and no refunds are given. These items have been used; they do have wear and tear and are not perfect. Please inspect all items and bid accordingly. It is the bidders responsibility to determine the exact condition/authenticity of each item. By bidding, you signify that you have either closely examined the items, have chosen not to examine them, or have hired an independent agent to examine the item(s) for you. No sale shall be invalidated by reason of any defect or inaccuracy in any of the lots by reason of their being incorrectly described in the listing or elsewhere and no liability shall be borne by the auctioneers or seller in respect of any such fault or errors. This listing has been prepared only as a guide, but the accuracy thereof cannot be guaranteed or warranted by the auctioneers or the seller.
Item ownership is conveyed immediately following the end of the timed auction event. Purchases become the responsibility of, and shall be, and remain at the risk of the purchaser immediately upon acceptance of his/her bid. It shall be the responsibility of the purchaser to insure his/her purchases immediately.
In the event of a tie bid or other dispute between buyers, the
auctioneer at its sole discretion may reopen the bidding to determine the highest bidder. The auctioneer’s decision is final and absolute. The record of sale shall be maintained by the auctioneer or his designated party and will be taken as final in the event of any dispute. The auctioneer reserves the right to refuse service to any person. No sale/purchase shall be invalidated due to a buyer not winning additional lots.
Bidders acknowledge that any and all cause of action that may arise as a result of this Contract shall be interpreted in accordance with the laws of the THE UNITED STATES OF AMERICA and any action brought thereon must be in the UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT
OF NORTH CAROLINA, WINSTON-SALEM DIVISION.
Bidders who bid online understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the bidder’s responsibility to determine condition, age, genuineness, value or any
other determinative factor. The auctioneers will not be responsible for any error or omissions in the description of the merchandise.
Bidder agrees that everything is sold "AS IS" and that they may not return any item purchased.
Online bidders understand that due to the fact that we are selling these items for the UNITED STATES BANKRUPTCY COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA WINSTON-SALEM DIVISION, if you are a Winning Bidder and you fail to pay, you are subject to COURT ACTION.
Online bidders understand that in the event of problems resulting from online or webcast auction software malfunctions, internet connection disruptions or other technological related malfunctions the auctioneers nor the sellers will be held liable for internet bids that are not sent, received, or executed. Online bidders understand and agree that these are all issues that are beyond the auctioneers
control and will hold the auctioneers and seller harmless.
PACKING & SHIPPING INSTRUCTIONS
The auctioneers do not ship. Packing and shipping is the
responsibility of the buyer. Shipping may be arranged with the assistance of the auctioneers by contact prior to or immediately following the date of the auction. Shipping arrangements and costs are the buyer’s sole responsibility.
Sales Tax of 6.75% applies to all North Carolina Buyer’s unless they are tax exempt.
Iron Horse Auction Company, Inc.
PO Box 1267-Rockingham, NC 28380
800-997-2248 – NCAL 3936
Leland Little Auction & Estate Sales, Ltd.
620 Cornerstone Court
919-644-1243– NCFL 7452