Mitchel and Scott Co. - Day 2 - Online Only

Online Only Auction

Bidding Ends 1/16/2020 - 10:00 AM

Location:

1841 Ludlow Ave.
Indianapolis, IN 46201

Inspection:

Day Prior From 10:00 AM to 4:00 PM

Summary:

Two-Day Auction of 86-Year-Old Precision Contract Manufacturing Facility Including Hydromats, Centerless Grinders, Swiss Type CNC Screw Machines, Accucut Diamond Hones, Acme Bar Machines, CNC Machining, Grinding, Toolroom, Tooling, Inspection and Support Equipment

Featuring

CNC Swiss Screw Machines

  • (2) Lico Model LNT-51S Type CNC Screw Machines, Low Hours (2019)

  • Traub TNL, Index ABC, Citizen Cincom Swiss Type CNC Screw Machines

Diamond Bore Sizing Machines

  • (2) Accubore Accu-Cut 3x6/1/1SM Diamond Bore Sizing Machines, Low Hours (2018)

  • Other Diamond Bore Sizing Machines by Accubore Accu-Cut, Engis and Others

Rotary Transfer Machines

  • (2) Hydromat Epic R/T CNC Machines Models 45-12 and 25-12 (2008)

  • Hydromat V12 Trunnion Style

  • (3) Hydromat HW25-12 and HB32-16 Rotary Transfer Machines (to 2000)

  • Hydromat CNC Heads, Tooling and Parts

Grinders - Centerless and All Types

  • (4) Cincinnati Milacron / CGR 340-20 Twin-Grip (to 2018)

  • (2) Cincinnati Milacron / CGR 2-OM (to 2018)

  • (4) Cincinnati Milacron (2) 230-10 Twin-Grip (2) CM 220-8

  • Midwest Auto Sandbright Centerless Deburring Machines (to 2018)

  • Royalmaster, Centerless Lappers, Grinding Wheels, Accessories

  • Elb and Ichikawa Rotary Surface Grinders

  • CNC and Manual O.D. and I.D. Cylindrical Grinders ty Toyoda, Studer, Okamoto and Cincinnati Milacron

CNC Machining and Turning Centers

  • Traub TNA-400 Multi-Axis CNC TC (2011)

  • Okuma Genos L250E CNC TC (2017)

  • Haas VF2SS and DT1 CNC VMC's (2014) 

  • Hardinge GT-27SP and Omni-Turn Gang Tool CNC TC's (to 2007)

  • CNC Turning Centers by Mazak, Mori, Hurco, Yang and Others

  • (5) Brother CNC Drill and Tap Machines 

  • 4th Axis Tables, Toolholders, Bar Feeds and Related

Bar Machines and Related

  • (15) Acme Gridley RBN8, RB8 and RA6 Bar Machines to 3-1/2" 

  • Large Quantity Acme Gridley Attachments and Tooling

  • 52" Benex Bolt and Shaft Straightener

  • (3) Reed A22 Thread Rollers

  • (10) Brown and Sharpe Screw Machines

  • (5) Miles Vertical Broaches 

  • Chip Wringers and Processing System

Inspection Equipment

  • Capital Ind. Fanuc Robotic Arm Inspection System (2018)

  • Zeiss Contura G2 7/106 RDS CMM (2011)

  • Vici Vision MLT1 Optical Measuring Machines (2016)

  • Mahr ST-50 Surftest Machine (2018)

  • OPG Snap Video Inspection System (2012)

  • Magnetic Particle Test Benches

  • Roundness, Surface and Contour Testers by Zeiss and Mahr

  • Hardness Testers, Comparators, Lab Equipment, Granite Plates

  • 100's of Lots Inspection Tools and Equipment

Support Equipment

  • Complete Toolroom, EDM's, Mills, Lathes, Grinders, Saws

  • Complete Tool Grinding Department

  • 30' JLG Boom Lift, 25 Hours 92019)

  • (4) Sullair Air Compressor, 100 HP and 75 HP (2012)

  • Pero R1/036-EX Parts Washer (2011)

  • Finishing Equipment, Vib Bowls, Wash Line, Sand Blasters

  • Heat Treat, Surftran Thermal Deburing, Induction Hardeners, Furnaces, Ovens

  • Forklifts of All Types, Side Loader, Sit Down, Reach

  • Warehouse Equipment, Racks, Stretch Wrappers, Packaging

  • 100' Lots Shop and Support Equipment 

Day 1 - Live and Webcast - Large Machines and Support Equipment

Day 2 - Online Only - Tooling, Inspection and Support Equipment

Sale Specific Information

18% Buyer's Premium

Webcast Bidder Notice

All perspective webcast bidders must be registered and approved no later than 48 hours prior to the start of the auction. Upon registering for the sale with www.bidspotter.com you will receive information from Cincinnati Industrial Auctioneers on how to become an approved bidder. All perspective webcast bidders must post a 25% deposit of approximate planned spending budget or minimum of $5,000.00 in order to be approved. No exceptions will be made.

Removal Information

Post Auction Day Removal

After the auction day, items will be available for removal during normal business hours. Call or see auction catalog on sale day for specific removal dates and times.

Riggers


Payment Information

Cincinnati Industrial only accepts U.S. Currency in the following methods of payment of deposits and invoices:

1. Wire Transfer

The Wire Transfer method for payment of your final invoice is as follows:

Bidders must make the customary 25% deposit using one of the other stated methods of payment. The balance due on your invoice should be wired to our account within 24 hours after the auction.

Funds may be wire transferred directly to Cincinnati Industrial's account. Wire instructions will be included with your final invoice or you can call or email to receive them.

2. Company Checks (drawn on U.S. banks only)

Company checks are only acceptable if accompanied by a letter from the payor's bank guaranteeing unqualified payment to Cincinnati Industrial Auctioneers. Click here to view a sample Bank Letter of Guarantee and to view the instructions on how to successfully guarantee payment.

All checks should be made payable to: Cincinnati Industrial Auctioneers, Inc.

3. Certified Checks (drawn on U.S. banks only)

4. Cash (U.S. Currency Only)


Terms & Conditions

ONLINE TERMS OF SALE

NOTICE:  All Bidders and other persons participating in this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby.

 1.       IDENTIFICATION - All purchases are required to give full name and addresses at time of registration. Auctioneer, at its sole discretion, may deny registration to any person or entity.

2.       DEPOSIT & BIDDER APPROVAL - Each  bidder will be required to  post a deposit in cash,  certified check or bank letter of guarantee if stated or maybe required to continue bidding if monetary threshold has been reached. Failure to make a required deposit may result in suspension of bidding privileges.

3.       TIME OF PAYMENT – All invoices must be paid in full within 48 hours of the sales conclusion. Any other arrangements must be made with auctioneer prior to bidding.  If not, the merchandise will be deemed abandoned and Buyer will lose any right, title or interest Buyer may have acquired and the merchandise shall revert and repossess to Auctioneer without further notice to Buyer and the transaction shall be null and void as to Buyer.

4.       REMOVAL - All purchases must be removed not later than the date specified in the Auction Catalogue and/or announced on the website. In any case, No later than 14 days after the close of the sale. .   All goods are sold “Where Is”. Removal shall be at the expense, risk and liability of the Buyer. Purchases will be delivered only on presentation of paid bill. Auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option to remove and store at the expense and risk of the Buyer any article purchased, but not paid for and removed within the time aforesaid.

5.       MANNER OF PAYMENT – All payments must be made by cash, cashier’s check or company check with a bank letter of authorization guaranteeing funds to Cincinnati Industrial Auctioneers, Inc. All checks for deposits and balances due shall be payable to the order of “Cincinnati Industrial Auctioneers, Inc." All invoices must be paid to  the Auctioneer at the office address  2020 Dunlap St. Cincinnati, Ohio 45214 unless otherwise announced. The full purchase price on all lots sold to the same Buyer must be paid within the time fixed and before removal of any goods.

6.       CONDITION OF ARTICLES SOLD – The auctioneer shall not be responsible for the correct description, genuineness, authenticity of, or defect in any lot, and makes no warranty in connection therewith.  No sale will be set aside nor allowance made on account of any incorrectness, error in commentary, cataloging, or any imperfection not noted.  No deduction allowed on damaged articles, all goods being exposed for public exhibition, are purchased and accepted by Buyer “AS IS”, “WHERE IS” and “WITH ALL FAULTS”. Auctioneer makes no warranties or guarantees whatsoever whether written, oral or implied as to quality, quantity, condition, usability, salability, weight, measurement, year,  model, mechanical condition, performance or other specifications and without recourse.

7.       CLAIMS – No Claims will be allowed after removal of goods from premises.

8.       RESPONSIBILITY FOR NON-DELIVERY- Auctioneer shall not, in any event, be liable for non-delivery or for any other matter or thing, to any Buyer of any lot, other than for the return to the Buyer of the deposit or sum paid on said lot, should the Buyer be entitled thereto.

9.       COMPLIANCE WITH TERMS OF SALE – In default of payment of bills in full within the time therein specified, the auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages.  Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting purchaser.

10.    RISK TO PERSON AND PROPERTY – Persons attending during exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the auctioneer from liability therefor.  Neither the auctioneer nor his principal shall be liable by reason of any defect in or condition of the premises on which the sale is held.

11.    ADDITION TO OR WITHDRAWAL FROM SALE – The auctioneer reserves the right to alter the order of the sale, withdrawal from the sale any of the property listed or to sell at this sale property not listed, and also reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of the Seller will be served, the Auctioneer reserves the right to sell property listed, in bulk.

12.    SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE – Where items are sold by estimated weight, count or measure, the Buyer will be billed for and required to pay for the estimated weight, count or measure.  If, upon delivery, any shortage exists, the Buyer will receive a refund at the rate of the purchase.  If there be an excess, the Buyer will be required to take and pay for such excess, at the rate of the purchase.

13.    DISPUTE BETWEEN BIDDERS/BID INCREMENTS – If any dispute arises between two or more bidders, the auctioneer may decide the same or put the lot up for sale again at once, or resell to the highest bidder.  The Auctioneer may reject a nominal or fractional bid advance if, in his estimation, it proves injurious to the sale. The auctioneer’s decision shall be final and absolute.

14.    RESERVE – The auctioneer reserves the right to reject any and all bids.  On lots upon which there is a reserve, the auctioneer shall have the right to bid on behalf of the seller.

15.    RECORDS – The record of sale kept by the auctioneer and bookkeeper will be taken as final in the event of any dispute.

16.    AGENCY – The auctioneer is acting as agent only and is not responsible for the acts of its principals.

17.    SALES TAX – All sales are subject to state and local taxes, unless a proper exemption certificate including tax exempt number is presented at the time of payment.

18.    BUYER’S PREMIUM – The Auctioneer in its sole discretion may impose a Buyer’s Premium on any goods sold.  The Buyer’s Premium is a percentage that is added to the final purchase price of any item.  Applicable Buyer’s Premium will be posted on the website.

19.    SHIPPING – All coolants, oil and fluids must be drained from all machinery and equipment prior to removal.  All of the above must be shipped in compliance with state and federal regulations.

20.    INSURANCE – All buyers, or the buyer’s riggers must provide the auctioneer, owner and landlord a certificate of insurance in amounts acceptable to the above parties prior to removal of any machinery and equipment.

21.    ADDITIONAL TERMS AND CONDITIONS – The auctioneer may modify or supplement these terms and conditions of sale by language in the Auctioneers website, the catalog  or  via email to active bidders. 

22.    FALSE BIDS: If the high bidder fails to complete the transaction Auctioneer reserves the right to dispose of the assets in the best interest of the seller. Any High Bidder that fails to complete a transaction will be held responsible for all damages resulting from that action.

23.    MALFUCTION: ANY Malfunction, Shutdown, or Temporary loss of Service involving bidding for Items may render the results of the auction Void. In such an event Auctioneer reserves the right to remedy the situation in whatever way best represents the seller, including canceling the existing bid.


Copyright © 2019 CIA Co.

2020 Dunlap Street
Cincinnati, OH 45214

Phone: 513-241-9701
Fax: 513-241-6760

We are licensed auctioneers and longtime members of the following accredited organizations:

MDNA Logo   IAA Logo   NAA Logo   AMEA Logo

Onsite Pre-Registration

Registration for onsite bidding will be available on inspection day and/or the morning of the auction.

Proceed to the auction location and bring a Photo ID, Business Card (if applicable), Federal Tax ID Number (if applicable) and form of payment (cash or check) and/or proof of financial capability.