If you are unable to attend an auction, Koster Industries can bid on your behalf
Thu, September 28th 2017 1:00 P.M. EDT
4903 Shady Road Strawberry Plains, TN 37871
Wednesday, September 27th 2017 from 8:00 A.M. to 4:00 P.M.
American Pacemaker Engine Lathe, with 16” swing over bed ways, 12” swing over cross slide, 54” center distance, 1-3/4” spindle hole, 1000 RPM, .002-.118 IPR feeds, tailstock, 12” 3-jaw chuck with hard jaws, Newall C70 digital readout
Toolmex Mdl. TUR630A/157 Engine Lathe, with 25” swing over bed, 14.6” swing over cross slide, 40”-157” distance between centers, 20HP main drive motor, 4.1 standard spindle bore, 18-1800 RPM, 3300# max load capacity, z-axis rapid traverse, MT5 tailstock, 17” bed width with TRI-V ways, 9900# machine weight, 3 & 4-jaw chucks,  steady rests, Newall 80C digital readout, chip pan, S/N: 50758
Hansford Davis Mdl. 15 Keyseater, with 1/16” – 1-1/2” capacity, 31” x 20” table, 19” throat, 12” max work height, 1.5” table movement, 4.5” stroke, 45 SPM, 4” cutter, 8” cutter, 12” cutter, 2HP motor, 1300# weight capacity, 40” x 44” x 48”, 440v, 3ph, S/N: 151072
Danichi Mdl. DM-300 Engine Lathe, with 30” swing over bed, 124” distance between centers, 4” spindle bore, 21” swing over cross slide, 8-650 RPM, 20HP motor, 24” 4-jaw chuck, 15” steady rest, 20” steady rest, inch / metric threading, 14” removable gap, tailstock, 4-way rapid traverse on saddle, Newall digital readout, 15,000# max weight capacity, S/N: 14330 (1976)
CNC Horizontal Machining Center:
Giddings & Lewis Mdl. 987-15HS Traveling Column CNC Horizontal Machining Center, with New Fanuc Oi control, travels: x-72”, y-36”, z-4”, 30-3110 RPM spindle speed, CAT 50 spindle taper, 20HP DC continuous spindle, 48-tool changer, coolant flood & low pressure thru spindle, chip conveyor,  22” OD built-in pallet rotary tables, B-pallet rotation 360,000 position, 84” length x 25” wide pallet size, S/N: 987-5028-88 [Located @ 5320 S. National Dr, Knoxville, TN 37914]
CNC Vertical Machining Centers:
Ameri Seiki (Viper) Mdl. DM-100 Double Column CNC Vertical Machining Center, with Mitsubishi Meldas 600M Series, 64” x 80” table, 22,046# table load capacity, travels: x-61”, y-87”, z-36”, 40-6000 RPM spindle speeds, 35HP spindle drive, CAT 50 taper spindle nose, 7.5” – 44” spindle nose to table, 102” distance between column, 30-position automatic tool changer, 44# max tool weight, 4.92” x 13.8” max tool size, 220v, absolute encoder controls, 3-axis position feedback, remote manual pulse generator, hydraulic counter balance, Turcite “B” way surface,  chip conveyors, coolant, spindle oil cooler, 1-piece base, 224” x 274” floor space, 55,115# max weight, S/N: 003445 (New 2002) [Located @ 5320 S. National Dr, Knoxville, TN 37914]
Haas Mdl. VF8 CNC Vertical Mill, with 36” x 64” table, travels: x-64”, y-40”, z-30”, 4”-34” spindle nose to table, BT40 spindle taper, 7500 RPM spindle speed, 20HP spindle drive, rapids: x-540 IPM, y-600 IPM, 20-position automatic tool changer, programmable coolant nozzle, geared head, remote joy handle, 1MB memory, 4th axis, chip auger, floppy disc drive, internal transformer, vector drive, rigid tapping, S/N: 13825 (1998)
Haas Mdl. VF5-50 CNC Vertical Mill, with 62” x 23” table, travels: x-50”, y-26”, z-25”, rapids x/y/z 710 IPM, 20HP spindle drive, 5000 RPM spindle speed, CAT 50 spindle taper, 30-position side tool tool changer, programmable coolant, geared head, chip auger, remote joy handle, floppy disc drive, high intensity lighting, tool changer, rigid tapping, 30HP motor, 17,200# max weight, S/N: 25408 (2001)
Haas Mdl. VF5 CNC Vertical Mill, with 62” x 23” table, 4” high slotted sub table, travels: x-50”, y-26”, z-25”, rapids x/y/z 710 IPM, 20HP spindle drive, 7500 RPM spindle speed, CAT 40 spindle taper, 20-position automatic tool changer, programmable coolant, geared head, remote joy handle, floppy drive, 14,600# max weight, S/N: 17407 (1999)
Haas Mdl. VFOB CNC Vertical Mill, with 14” x 26” table, CAT 40 taper, 20-position automatic tool changer, 4”-24” spindle nose, travels: x-20”, y-16”, z-20”, 7500 RPM max, 20HP spindle motor, rapid 710 IPM, 88” long x 93” wide x 106” high, 8000# max weight, brushless servo, floppy drive, chip conveyor, rigid tapping, S/N: 24981 (2001)
CNC Turning Centers:
Okuma Mdl. 762S-BB Crown Big Bore, with 21.65” max swing over bed, 15.75” max swing over cross slide, 10.63” max turning diameter, 19.68” max machine length, 3.15” spindle bore, travels: x-7.28”, z-20.47”, A2-8 spindle nose, 3500 RPM spindle speed, 12-station turret, 10” Kitagawa chuck with hard jaws, OSP700L conversation programming, 23HP spindle, 9900# max weight, chip conveyor, S/N: 1161
Okuma Mdl. 762S-BB Crown Big Bore, with 21.65” max swing over bed, 15.75” max swing over cross slide, 10.63” max turning diameter, 19.68” max machine length, 3.15” spindle bore, travels: x-7.88”, z-20.47”, A2-8 spindle nose, 3500 RPM spindle speed, 12-station turret, 10” Kitagawa chuck with hard jaws, OSP700L conversation programming, 23HP spindle, 9900# max weight, chip conveyor, S/N: 0259
Vertical Boring Mill:
King 72” Vertical Boring Mill, with 72” table, 79” max swing, 60” height under rail, 1.3 – 45 RPM table speeds, feeds .003 to .500 IPR, 30HP main motor, 36” vertical travel of turret, 60” right hand turret travel cross, 214” machine width left to right, 156” machine depth front to back, 158” machine height, 55,000# max weight,  turret heads, rapid traverse on all heads, power rail elevation, flush mounted machine, no pit required, S/N: 2545[Located @ 5320 S. National Dr, Knoxville, TN 37914]
Doall Mdl. C-916A 9” x 16” Horizontal Bandsaw, with 2HP motor, 3ph, 480v, 159” band length, 105-275 RPM variable speed, 3/16” – 24” index, 9” x 16” square capacity, 10-3/4” round capacity, 45-90° adjustable mitre cut, recirculation coolant system, 1” x .035” x 158” blade size, automatic feed, S/N: 502-95508
Buyer's Premium: 18%
T E R M S O F S A L E
NOTICE: All Bidders and other persons attending this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby.
Posted Payment Due Date: Friday, September 28th 2017
Posted Last Day of Removal: 15-Days from Invoice
BUYER INFORMATION: Each potential Buyer represents, warrants and certifies that it has provided (i) its full and accurate legal name and business address, and the full and accurate legal name and address of Buyer’s representative(s) attending and/or participating in the sale event of the Property, and (ii) the citizenship status of Buyer and its representative(s) and any foreign interest of Buyer or its representative(s)
DEPOSIT: Koster Industries Inc. Reserves the right to require a deposit upon registration including credit card deposits and holds on the credit card for a minimum of $500.00 USD. All deposits are refundable.
PAYMENTS: All payments must be made in the form of Cash, Company Check – up to $1,000, Certified Funds over $1,000, Money Order, and Credit Cards with a 3% Processing charge. Koster Industries Inc. reserves the right to charge any buyers credit card for purchases made at the sale including all fees associated with if there is no communication between buyer and Koster Industries Inc. We will make multiple attempts to contact buyer then have the right to charge credit card associated with account.
Manor of payment are to be made out to Koster Industries Inc. Payments are due upon posted time of payment, any payments over the period of one week with no communication between buyer and auctioneer could be considered abandoned and Koster Industries Inc. Will reserve the right to re-sell any and all lots purchased.
Buyer Beware: “THE BUYER ALONE IS RESPONSIBLE FOR CHECKING THE QUALITY AND SUITABILITY OF GOODS BEFORE A PURCAHSE IS MADE”. Koster Industries Inc. makes no representations, warranties, promises, covenants or guarantees, expressed or implied, as to defects in or the completeness or accuracy of the description in any advertising of any item(s) being auctioned and is not responsible for any advertising discrepancies, descriptions, nomenclature or inaccuracies of any kind. ALL ITEMS ARE SOLD ON “AS IS, WHERE IS” BASIS AND WITH ALL FAULTS WITHOUT EXCEPTION AND WITH REMOVAL AT BUYERS SOLE RISK AND EXPENSE. THE AUCTIONEER MAKES NO REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS OR GUARANTEES OF ANY KIND, EXPRESSED OR IMPLIED, AS TO THE NATURE, QUALITY, DURABILITY, CAPABILITY, FUNCTION, PERFORMANCE, VALUE OR CONDITION OF THE ITEM(S) BEING AUCTIONED OR ITS (THEIR) SUITABILITY FOR ANY USE. THE AUCTIONEER EXPRESSLY AND SPECIFICALLY DISCLAIM, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
REMOVAL: All purchases must be removed not later than Posted Removal Time. No lot can, on any account, be removed during the sale. Removal shall be at the expense, risk and liability of the purchaser. Purchases will be delivered only on presentation of paid bill. The 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 purchaser any article purchased, but not paid for and removal of any of the goods. A storage charge of $750.00 USD will be applied to anyone who does not remove within the posted time limit without prior permission from our office. for insurance reasons Koster Industries Inc. does not supply any material handling devises or equipment including but not limited to forklift trucks, cranes, pallet jacks, hand trucks, Etc. We require valid insurance from all people who work inside the facility including all machinery movers, erectors, millwrights, or any buyer operating equipment or dismantling / moving machinery - NO EXCEMPTIONS.
Koster Industries Inc. does not pack, ship crate, transport or rig any items, we provide riggers / pack & ship companies information on our website as a courtesy, they are 3rd party contactors, Koster Industries is not responsible for rigging charges, damages, Etc. We must be supplied with an insurance certificate naming Koster Industries Inc. as additionally insured for all machinery movers or anyone operating equipment within the building - NO EXCEPTIONS
RESPONSIBILITY FOR NON-DELIVERY: The Auctioneer shall not, in any event, be liable for non-delivery of for any other matter or thing, to any purchaser of any lot, other than for the return to the purchaser of the deposit or sum paid on said lot, should the purchaser be entitled thereto.
CLAIMS: No claims will be allowed after removal of goods from premises.
SAFETY DEVICES: Articles purchased may not incorporate approved activating mechanisms, operating safety devices or safety guards, as required by OSHA or otherwise. It is purchaser’s responsibility that articles purchased be so equipped and safeguarded to meet OSHA and any other requirements before placing such articles into operation.
INDEMNIFICATION: Purchaser agrees to indemnify and hold the Auctioneer harmless from and against all claims and liabilities relating to the condition or use of the articles purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such articles, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom.
COMPLIANCE WITH LAWS. Buyer shall comply with all U.S. export control laws and regulations. The Property sold under the Transaction Documents may be subject to the provisions of Export Administration Act of 1979 and the Export Administration Regulations promulgated thereunder, the Arms Export Control Act and the International Traffic in Arms Regulations, and the sanctions laws administered by the Office of Foreign Assets Control. Buyer acknowledges that these statues and regulations impose restrictions on import, export and transfer to third countries of commodities and related data, and that licenses from the U.S. Department of Commerce or U.S. Department of State may be required before such commodities or data can be transferred, and that such licenses may impose further restrictions on use and further transfer of such commodities and data. Buyer agrees (i) to notify Seller prior to any transfer of Property (including goods, commodities or data) purchased under the Transaction Documents to any parties outside of the United States, (ii) to provide an end-use certificate and a certification that the Property (including goods, commodities and data) purchased under the Transaction Documents will not be transferred to any end-user or for any end-use that is prohibited by U. S. law, (iii) to provide proof of any required U. S. Automated Export System (AES) filing prior to export of any Property (including goods, commodities or data) purchased under the Transaction Documents, and (iv) that Seller reserves the right to cancel any sale at any time in the event it determines, in its sole discretion, that any transaction arising out of the Transaction Documents does or may violate applicable U.S. export control or similar laws.
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. The execution, interpretation and performance of the Transaction Documents shall be governed by, and construed in accordance with,
the laws of the State of New York (without regard to its conflicts of law provisions). THE PARTIES HEREBY WAIVE THE RIGHT TO A JURY TRIAL IN ANY DISPUTE OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR INDIRECTLY, THE TRANSACTION DOCUMENTS, ANY OF THE RELATED DOCUMENTS, ANY DEALINGS BETWEEN SELLER AND BUYER RELATING TO THE SUBJECT MATTER HEREOF OR THEREOF, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED BETWEEN SELLER AND BUYER.
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 therefore. 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.
ADDITION TO OR WITHDRAWAL FROM SALE: The auctioneer reserves the right to withdraw from 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 all the property listed, in bulk.
SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE: Where items are sold by estimated weight, count or measure, the purchaser will be billed for and required to pay for the estimated weight, count or measure. If, upon delivery, any shortage exists, the purchaser will receive a refund at the rate of purchase. If there be an excess, the purchaser will be required to take and pay for such excess, at the rate of purchase.
DISPUTE BETWEEN BIDDERS: 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, and resell to the highest bidder. The auctioneer’s decision shall be final and absolute.
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.
RECORDS: The record of sale kept by the auctioneer and bookkeeper will be taken as final in the event of any dispute.
AGENCY: The auctioneer is acting as agent only and is not responsible for the acts of its principals.
SALES TAX: Purchaser shall also pay all applicable sales or use taxes imposed by all taxing authorities on such transaction unless purchaser shall present a resale certificate, certificate of exemption or the like, exempting the purchaser and auctioneer from the payment of any such sales and use taxes.
BANKRUPTCY: If at any time prior to payment in full, purchaser files a petition in bankruptcy or for other similar protection from creditors, or an involuntary petition in bankruptcy or other similar proceeding is filed against purchaser, then, at the option of the auctioneer, the sale may be voided.
ADDITIONAL TERMS AND CONDITIONS: The auctioneer may add other terms and conditions of sale, such additional terms and conditions to be announced prior to the auction.
CREDIT CARD DEPOSITS: This auction will require a credit card deposit. Your credit card added through the Bidspotter.com fully secure and PCI compliant registration process will be charged a $______ deposit in order to be approved to bid within the auction. You will not be approved without your credit card entered at the stage of registration being charged a deposit of $______.
CREDIT CARD PAYMENTS: Payments via credit card are accepted up to $______ final invoice total. Any invoice total larger than $______ must be paid by wire transfer or certified check. Your deposit may be applied to your final invoice amount, even if your final invoice is larger than $______.