Bankruptcy Auction for Universal Matrix Group LLC

Commercial Auction in 111 Main St, Salisbury, North Carolina, United States

20 Wednesday
20th January, 2021

Bankruptcy Auction for Universal Matrix Group LLC

Commercial Auction in 111 Main St, Salisbury North Carolina, United States

Wednesday at - 20th January , 2021

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Notes

Selling for C. Edwin Allman III, Trustee for the U.S. Bankruptcy Court for the Middle District of North Carolina Winston-Salem Division, Case B-20-50756C-7W

Importance of Terms: Please take the time to read the following set of terms and conditions for the online auction. When you register to bid, you will have to acknowledge that you have read these terms and conditions. If you intend to register the following items will pertain to you. Agency: Iron Horse Auction Company, Inc. is acting as agent of the Seller and at no time acting on behalf of the Buyer. The Auctioneer reserves the right to bid on items on behalf of the Seller as permissible by the Uniform Commercial Code. Buyer's Premium: There will be a Fifteen percent (15%) Buyer’s Premium added to the final bid price to determine the final contract purchase price. If you plan to pay with cash or certified funds please let our office know before this auction ends so we will not charge the credit card on file. 7% sales tax applies Auction Ending: Iron Horse Auction Company, Inc. Online Auctions are timed events and all bidding will begin to close at a specified time. Iron Horse Auction Company, Inc. online auctions also have an auto-extend feature. Any bid placed in the final ten minutes for an auction item will automatically extend the auction item ten minutes from the time the bid was placed. Example: If an auction item is scheduled to close at 3:00 and receives a bid at 2:51, the close time will automatically extend to 3:01. The auto-extend feature will continue until there is a ten-minute period without a bid being placed on each item in the auction. We will close 10 auction lots per 5 minutes. Outbid Notification: During this auction process, there is a chance that you will be over bid. At that time you will receive an outbid notification. The bidding software will notify bidders by email or when they have been outbid. Bidders may also find out if they have been outbid by refreshing the individual lot information. Due to varying internet connections and speed, sometimes email notifications can be delayed. We are not responsible for failure of any part of the bidding process or internet bidding. Property Information & Inspection: Iron Horse Auction Company, Inc. is not responsible for any missing or incorrect listing information. Iron Horse Auction Company, Inc. has attempted to provide accurate descriptions; however, it is the Bidder's responsibility to conduct any inspections to determine the condition and feasibility of the Bidder’s intended use. Descriptions that are provided by Iron Horse Auction Company, Inc. are provided in good faith and are matters of opinion. It is automatically acknowledged by registering that you have either personally inspected the items being sold, hired an agent to inspect the items being sold, or waived your right to inspect the items being sold. Placing a bid creates a contractual agreement to purchase the items being sold at the high bid price plus a Buyer’s Premium and any additional fees including shipping. Auctioneer's Discretion: Iron Horse Auction Company, Inc. has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Iron Horse Auction Company, Inc. or the Seller. Server & Software Technical Issues: In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Iron Horse Auction Company, Inc., or its software providers, and the Seller reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Iron Horse Auction Company, Inc., its software partners, or the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Iron Horse Auction Company, Inc. may send email notifications to registered Bidders with updated information as deemed necessary. Payment Terms: Payment is due in full at the conclusion of the auction by cash, cashier’s check, business check, wire transfer or credit card. Items will not be released from the auction site without a valid paid invoice. NO EXCEPTIONS. THERE WILL BE A $25.00 CHARGE ON ALL DECLINED CREDIT CARDS! CREDIT CARDS WILL NOT BE CHARGED FOR INVOICES OVER $5,000.00. Property Condition: All items in this auction are selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the items being sold. Descriptions of the items are believed to be correct but are not guaranteed. It is the Buyer’s responsibility to conduct any inspections prior to the auction. All due diligence periods end the date the auction is scheduled to end and prior to the end of the auction. It is possible that the property being sold is subject to local, state and federal regulatory authorities and it is the Buyer’s responsibility to ascertain if they are subject to regulation and permitting. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the items before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property. The sale of an item is not negotiable if you are not the winning bidder of other items. If you bid on an item, you will pay and pick up that item. Legal Interpretations: The laws of the State of North Carolina and the United States shall interpret this document. Disputes: Any and all disputes, claims or causes of action arising out of or relating to the sale shall be heard in the United States Bankruptcy Court for the Case-B-20-50756C-7W having jurisdiction over the Universal Matrix Group LLC. case. The bidder agrees that the Bankruptcy Court shall retain the exclusive and sole jurisdiction to resolve any controversy or claim arising out of or relating to the sale or the implementation or the breach of any contract resulting from the sale. The bidder consents to the core jurisdiction of the Bankruptcy Court, to the constitutional authority of the Bankruptcy Court to enter a final judgment and agrees to waive any right to a jury trial in connection with any disputes related to or arising out of its participation in the sale. Foreign Bidders: The Auctioneer may disregard any bid and the Auctioneer may set aside any sale to a bidder who is not domiciled in the United States unless such bidder irrevocably appoints an agent for service of process in the United States to the satisfaction of the Auctioneer. The Auctioneer must receive notice of such appointment within 24 hours after the conclusion of the bidding. Auction Bidder and/or Buyer Default: The Successful Bidder and/or Buyer not attempting to settle their invoice within 48 hours of the conclusion of the auction will be considered in default and will be black-flagged in our database as a Non-Paying Bidder. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder and/or Buyer in the event the successful high Bidder and/or Buyer does not comply with the terms of the sale. By bidding on the items in the auction, the Buyer agrees to all terms and conditions set forth. By registering and placing a bid, you agree that if you happened to become a Default Bidder or Non-Paying Bidder, Iron Horse Auction Company, Inc. has the right to charge your credit card for the entire balance of your invoice. If Iron Horse Auction Company, Inc. is able to sell your item to the next highest qualified Bidder at a price lower than the auction high bid price, the Default Bidder agrees to allow Iron Horse Auction Company, Inc. to charge their credit card for the difference in their high bid price and the actual selling price to the back-up Bidder. Auction Cancellation – Bid Rejection: Iron Horse Auction Company, Inc. reserves the right to reject any and all bids for any reason. Iron Horse Auction Company, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding even if a bid has been placed. Acceptance of Bid Prices: All bids are subject to Seller confirmation. Any and all inspections that a Buyer may want must be completed at the Buyer’s expense prior to the end of the auction. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder if the winning Bidder is in default of these terms. In the event that you find yourself as a Bidder in default, you will be black-flagged as a NON-PAYING BIDDER and not allowed to participate in any further Iron Horse Auction Company, Inc. auctions, or those of any participating software partner. Possession: Items are not released from auction sites or facilities until the Buyer has a valid paid invoice. The Buyer shall insure their items once they have been deemed the winning Bidder. Bidder Verification: The identity of all Bidders will be verified. Bidding rights are provisional, and if complete verification is not possible, Iron Horse Auction Company, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Iron Horse Auction Company, Inc. reserve the right to refuse service to any person who we feel to be fraudulent. Bidder Responsibilities: Bidder responsibilities include but are not limited to: Bidders agree to keep their username and password confidential, as they are responsible for any and all activity involving their account. When using the website, you must obey any and all local, state, and federal laws. Violations wi
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Description

ONLINE ONLY
January 13th at 8am - January 20th at 10am

PROPERTY ADDRESS
111 S. Main St

Salisbury, NC

INSPECTIONS

January 14th from 10am-2pm



CHECKOUT

January 22nd 
Please click the link on your invoice to schedule your appointment.



PERSONAL PROPERTY DESCRIPTION

 

Lot #Title
4Art Deco Table Set
5Art Deco Table Set
6Art Deco Table Set
7Art Deco Table Set
8Custom Made Bar
9Antique Showcase Cabinet
10Wine/Liquor Cabinet
11Rocking Chair
12Wood Table
13Leather Chair and Table
14Sofa and Chair
15(2) Chairs
16Entertainment Center with End Table
17Cabinet
18Antique Hall
19Antique Buffet
20Game Table
21Table
22Table
23(2) Arm Chairs
24Farm Table
25Farm Table
26Dining Room Set
27Antique Buffet
28Dining Room Set
29"Speakeasy" Door
30Dining Room Set
31Desk
32Miscellaneous Furniture
33Bar
34Mirror
35Micro Matic Kegerator
36True Merchandiser
37(4) Bar Stools
38(4) Bar Stools
39Fireplace Mantle
40Tabor Organ
41Schwinn Tandem Bike
42Miscellaneous Furniture
43(2) Wine Rack
44Sofa and Ottoman
45Chairs
46Showcase with Contents
47Miscellaneous Travel Cases
48Miscellaneous Items 
49Royal Items
50Weller Pottery
51Miscellaneous Bowls
52Miscellaneous Crystals
53Miscellaneous Items 
54Miscellaneous Items 
55(2) Pedestal
56Miscellaneous Items 
57Sculpture
58(7) Lamps
59Miscellaneous Items 
60Edison Radio Console
61Miscellaneous Items 
62End Table
63Miscellaneous Plates
64(2) Urns
65Clock
66Miscellaneous Items 
67Antique Advertising Artwork
68Miscellaneous Items 
69Miscellaneous Pictures
70Urns
71Belk's Hats and Boxes
72Coffee Tables
73(4) Shelves
74(5) Display Case
75Miscellaneous Items 
76Miscellaneous Pictures
77Miscellaneous Items 
78Miscellaneous Pictures
79(8)Waiting Room Chairs
80Mirror
81Framed Pictures
82Manet Oil on Canvas
83Framed Pictures
84Miscellaneous Pictures
85Miscellaneous Items 
86Furniture
87Furniture
88Miscellaneous Furniture
89Collection of Lamps
90Vintage Furniture
91Miscellaneous Pictures
92Furniture
93Painting
94Miscellaneous Items 
95(16) Office Chairs
96Collection Music Items
97Miscellaneous Items 
98Clown Figurine Collection
99(7) Marilyn Monroe Pictures
100Vintage Furniture
101(4) Display Case
102Framed Pictures
103Chairs
104Books
105Chandeliers
106Miscellaneous Items 
107Miscellaneous Chairs
108Settee Sofa
109(2) Vintage Chairs
111Pictures
112 Pictures
113(24) Chairs 
114Vintage Doll House
115Art Deco Table with Items
116Shelf With Items
117Pictures
118Furniture
119Art Deco Picture
120Red Loveseat with 6'x9' rug







AUCTION MANAGER
Sonny Weeks
704.200.3201
[email protected]


All items in this auction are selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the items being sold. Descriptions of the items are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspections prior to the auction. All due diligence periods end the date the auction is scheduled to end and prior to the end of the auction. It is possible that the property being sold is subject to local, state and federal regulatory authorities and it is the Buyer’s responsibility to ascertain if they are subject to regulation and permitting. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the items before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property.

Map

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Location has been calculated by address and may not be 100% accurate.

Auction Items For Sale

ONLINE ONLY
January 13th at 8am - January 20th at 10am

PROPERTY ADDRESS
111 S. Main St

Salisbury, NC

INSPECTIONS

January 14th from 10am-2pm



CHECKOUT

January 22nd 
Please click the link on your invoice to schedule your appointment.



PERSONAL PROPERTY DESCRIPTION

 

Lot #Title4Art Deco Table Set5Art Deco Table Set6Art Deco Table Set7Art Deco Table Set8Custom Made Bar9Antique Showcase Cabinet10Wine/Liquor Cabinet11Rocking Chair12Wood Table13Leather Chair and Table14Sofa and Chair15(2) Chairs16Entertainment Center with End Table17Cabinet18Antique Hall19Antique Buffet20Game Table21Table22Table23(2) Arm Chairs24Farm Table25Farm Table26Dining Room Set27Antique Buffet28Dining Room Set29"Speakeasy" Door30Dining Room Set31Desk32Miscellaneous Furniture33Bar34Mirror35Micro Matic Kegerator36True Merchandiser37(4) Bar Stools38(4) Bar Stools39Fireplace Mantle40Tabor Organ41Schwinn Tandem Bike42Miscellaneous Furniture43(2) Wine Rack44Sofa and Ottoman45Chairs46Showcase with Contents47Miscellaneous Travel Cases48Miscellaneous Items 49Royal Items50Weller Pottery51Miscellaneous Bowls52Miscellaneous Crystals53Miscellaneous Items 54Miscellaneous Items 55(2) Pedestal56Miscellaneous Items 57Sculpture58(7) Lamps59Miscellaneous Items 60Edison Radio Console61Miscellaneous Items 62End Table63Miscellaneous Plates64(2) Urns65Clock66Miscellaneous Items 67Antique Advertising Artwork68Miscellaneous Items 69Miscellaneous Pictures70Urns71Belk's Hats and Boxes72Coffee Tables73(4) Shelves74(5) Display Case75Miscellaneous Items 76Miscellaneous Pictures77Miscellaneous Items 78Miscellaneous Pictures79(8)Waiting Room Chairs80Mirror81Framed Pictures82Manet Oil on Canvas83Framed Pictures84Miscellaneous Pictures85Miscellaneous Items 86Furniture87Furniture88Miscellaneous Furniture89Collection of Lamps90Vintage Furniture91Miscellaneous Pictures92Furniture93Painting94Miscellaneous Items 95(16) Office Chairs96Collection Music Items97Miscellaneous Items 98Clown Figurine Collection99(7) Marilyn Monroe Pictures100Vintage Furniture101(4) Display Case102Framed Pictures103Chairs104Books105Chandeliers106Miscellaneous Items 107Miscellaneous Chairs108Settee Sofa109(2) Vintage Chairs111Pictures112 Pictures113(24) Chairs 114Vintage Doll House115Art Deco Table with Items116Shelf With Items117Pictures118Furniture119Art Deco Picture120Red Loveseat with 6'x9' rug





AUCTION MANAGER
Sonny Weeks
704.200.3201
[email protected]


All items in this auction are selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the items being sold. Descriptions of the items are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspections prior to the auction. All due diligence periods end the date the auction is scheduled to end and prior to the end of the auction. It is possible that the property being sold is subject to local, state and federal regulatory authorities and it is the Buyer’s responsibility to ascertain if they are subject to regulation and permitting. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the items before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property.

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