If you are unable to attend an auction, Koster Industries can bid on your behalf
Tue, November 28th 2017 2:00 P.M. EST
3064 Lawson Blvd. Oceanside, NY 11573
Monday, November 27th from 8:00am to 4:00pm
60 Ton Minster #6 OBS Open Back Non-Inclinable Air Clutch Punch Press, flywheel type, 120 SPM, with 6” stroke, 2.75” slide adjustment, 13” shut height, 32” x 21” bed area, 14-1/4” x 24” ram face, dual palm buttons, inching / single stroke / continuous, Durant digital counter, S/N: 6SS-29971 (2000)
22 Ton Bliss Mdl. C22 OBI Punch Press, flywheel type, with 2.5” stroke, 2.25” adjustment, 9.25” shut height, mechanical clutch, air actuated, dual palm buttons, 14-1/4” x 23-1/4” bed, S/N: H53748, HP42203 (1964)
15 Ton Rousselle #15H Horn Press, flywheel type, with mechanical clutch, 3” stroke, 170 SPM, 1-1/2” adjustment, hand crank elevating table, 11” x 16” bed, S/N: 19640
27.56” x 32.48”cc Liefeld Mdl. PNC350-29/4 Heavy Duty CNC Spinning Lathe, with 28.74” max blank diameter, 15.74” length of transverse slide travel, 4480# longitudinal thrust, 4930# transverse thrust, 236 IPM – 315 IPM, longitudinal slide speed, 8.0 m/min rapid motion, 7.87” ejector stroke, 13.78” tailstock stroke, 2680# tailstock thrust, 5.5kw main spindle drive, 560-2800 RPM spindle, tool mount, Size 6, S/N: 10.2682.0
56” x 44” Pyribil Spinning Lathe, with sliding bed, straight & angle rest
30” x 27”cc Pyribil Spinning Lathe, with belt pulley, rest
26” x 36”cc E.O. Grabo Spinning Lathe, with Mdl. 500 Drive-All drive, rest
 22” x 32”cc E.O. Grabo Spinning Lathes, with pillar blocks, Drive-All 5HP drives, rest
5’ X 10ga. Tennsmith Mdl. LM510 Power Shear, with 24” front operated manual back gauge,  front supports, continuoius / single stroke, 5’ squaring arm, S/N: 18401
17” x 40” Howa Mdl. 1000 Lathe, with inch / metric threading, 8-spindle speeds, 60-1500 RPM spindle speeds, Camloc spindle, coolant, 2-1/8” spindle bore, steady rest [no thread cutting / no power feeds / speed change not working]
14” x 30” Takisawa “Maxturn” Mdl. TSL-800D Gap Bed Lathe, with inch / metric threading, 1800 RPM spindle speed, steady rest, S/N: 284050072
47” Diameter Circle Shear, with pneumatic holddown, 5-1/4” min diameter (approximately)
20ga. Niagara Motorized Circle Shear
20ga. Pexto Mdl. 299-C Motorized Circle Shear, S/N: 7/56
20” DoAll Mdl. 2013-V Vertical Bandsaw, with welding / grinding attachment, 26” x 26” tilting table, 13” under height, 55-5200 FPM, vari-speed, S/N: 457-86258
10” x 12” DoAll Mdl. C-4 Horizontal Bandsaw, with ¾” blade, 3/4HP motor, S/N: 234-66411
Millrite Mdl. MVI Vertical Mill, with 3/4HP motor, single phase, 2-axis Sony Millman digital readout, 8” x 32” table, hand feed
SPOT & WIRE WELDERS
Lincoln Power Mig 180C Welder
Approximately 30-KVA Alphil Rocker Arm-Type Spot Welder, with weld timer, S/N: N/A
30-KVA Alphil Mdl. G18 Rocker Arm-Type Spot Welder, with weld timer, 220 volts, S/N: N/A
SHEET METAL EQUIPMENT
8’ x 14ga. Chicago Dreis & Krump Mdl. 814 Hand Brake, with counter weights, S/N: 107224
36” Pexto #696 Bench Type Hand Brake, S/N: 83/28
30” Pexto Slip Rolls, with 2” diameter rolls, manual, bench mounted
Curtis Mdl. 5E1VT6-A6 5HP Vertical Tank Mounted Piston-Type Air Compressor, with 60-gal. tank
5” x 10” TML Hand Feed Surface Grinder, with 5” x 10” Brown & Sharpe magnetic chuck
6” Baldor Mdl. 500 Double End Carbide Grinder, 1/2HP, single phase, with work lamp, pedestal type, S/N: A-59-343
8” Stanley Type 610 Mdl. G 1HP Double End Bench Grinder, S/N: G96240
1HP U.S. Electrical Tool Co. Double End Buffer, 1HP, pedestal type, S/N: 319056
Delta 12” Disc / 4” Belt Combination Sander, S/N: GK6744
14” Delta 1/2HP Single Phase Floor Type Drill Press, with 10” x 10” table, S/N: 94-4249
Royersford #15 Kick Press
2700# Mitsubishi Mdl. FGC15 Propane Forklift Truck, with side shift, hard tires, triple mast, 190” reach, attachment #55E-SS-A093, S/N: AF81B-53246 [delayed delivery]
MISCELLANEOUS SHOP RELATED
Including: 15” 3-jaw Buck Forkardt Mdl. 3AT15R chuck, 9” 3-jaw Buck chuck, 4-1/2” 3-jaw chucks, Speedaire 30” capacity sandblaster, 3 & 4-jaw chucks, pallet jacks, holddown sets, 6” 3-jaw chuck, #11 Dumore tool post grinder, #57-031 Dumore Mdl. 8526 tool post grinder, 9” Troyke rotary table, Aloris BX tool post & holders, power tools, milling vises, R8 collets, allen wrenches, sockets, junior punch set, drills, taps, benches, inspection items, etc.
Buyer's Premium: 18%
Sales Tax: 8.625%
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: Wednesday, November 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.