Auction Items For Sale
Industrial Machinery, Equipment & Tools at Absolute Online Auction
Bidding Ends Monday, September 27th, 2021 at 6:00 PM
1647 US-27 Somerset, Ky 425021
Cornett Machine Shop has been an established business in Somerset for many years specializing in the rebuilding of engines and race car engines. This auction offers an opportunity for the purchase of many unique industrial machines, equipment, and tools.
Auctioneers Note: Purchase those rare tool and equipment items online with us. This auction will end on September 27th and items can be previewed from noon until 6:00 p.m. the same day.
PREVIEW DATE: Monday, September 27th, 2021 from 12:00 noon to 6:00 p.m.
PAY / PICK-UP DATE: Wednesday, September 29th, 2021 from 12:00 noon to 6:00 p.m. & Thursday, September 30th, 2021 from 12:00 noon to 6:00 p.m.
All items must be paid for in full at the time of pickup. We will accept cash, check or major credit card in full. There will be a 3% processing fee for credit sales.
The buyer is responsible for the professional removal of all equipment and machines.
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid. The sum of the winning bid plus the Buyer’s Premium will be the sales price.
Online Auction Ending Times:
Ford Brothers, Inc. Online Auctions are timed events and all bidding will close at the specified time. Ford Brothers, Inc. Online Auctions also have an auto-extend feature. If a bid is placed in the final 5 minutes of an auction, the close of the auction will be automatically extended 5 minutes from the time the bid was placed. For example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04. The auto-extend feature remains active until no further bids are received within a 5-minute time frame. Please monitor the countdown timer to see when the lot will close.
Staggered Closing: This online auction closes in intervals. Depending on how large (# of lots) an auction is, then we set the auction to close so many lots at a time. If it is a large auction then it will be 75-100 lots at a time. If it is equipment and has 150 lots or less, then we will close the auction approx 10-25 lots at a time, all in 5-minute intervals. Please monitor the countdown timer to see when the lot will close. Please check the auction announcements for detailed information regarding these intervals. This feature works great with the auto-extend feature to closely emulate a live auction.
All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, chargebacks, etc, will be allowed. Property is available for inspection at specified times and it is the bidder's responsibility to determine the condition. Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, chargeback, etc.
All description information has been gathered from sources which we believe to be reliable but is not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. The auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary.
Payment, Pickup, Shipping & Storage Terms:
Pickup/Payment Info: Thursday, September 30th, 2021 from 12:00 noon until 6:00 p.m. Accepted methods of payment are cash, cashier's check or personal/business check, Visa, Mastercard, American Express or Discover (with a 3% processing fee (minimum processing fee of $3) or wire transfer. All fees incurred by wired transfers will be paid by the purchaser. All purchases that have not been paid by Thursday, September 30th, 2021 at 6:00 p.m. will automatically be charged to the credit card used at registration, with a 3% processing fee (minimum processing fee of $3). All purchased items must be removed by the deadline of Thursday, September 30th, 2021 at 6:00 p.m. Any items not removed by the deadline will, at Auctioneer's discretion, be discarded or resold with proceeds retained by Auctioneer. There will be NO REFUND to the purchaser for these forfeited items.
Item Transportation: There will be NO transportation of items for the machines in this auction. Ford Brothers must be notified via phone or email([email protected]) of any items that cannot be picked up on an Auction Pickup day, if we are NOT notified then your items will be forfeited.
Forfeiture of Items: Any item/lot that has not been picked up from any Ford Brothers Auction location within 14 days will, at Auctioneer's discretion, be discarded or resold with proceeds retained by the Auctioneer.
SALES TAX: Kentucky Sales Tax (6%) will be added to the sale price. Dealers or other exempt parties must provide proper documentation to Auctioneer before bidding.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event, there are technical difficulties related to the server, software, or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
Any dispute between Ford Brothers, Inc, its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, the buyer agrees to all terms and conditions set forth.
Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages, or suits including but not limited to awards, judgments, costs, fees, etc.
Ford Brothers, Inc., reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.
Auction company employees and/or auction company may bid on and purchase auction items.
BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for Ford Brothers and all other MarkNet auctions.
If a bidder at any time feels his/her username, password, or bidder number has been compromised due to lack of security by the bidder, notify Auctioneer immediately.
For additional information, contact Ford Brothers, Inc. Auctioneers at 606-679-2212.
TIME IS OF THE ESSENCE in regard to all auction terms.