August 21, 2020
10:00 AM Mountain Time
Colorado Springs, CO
Day 3 - Full Facility Closure of Western Forge, a division of Ideal Industries Inc. - A Leading American Hand Tool Manufacturer
Assets for Sale Include - Machine Tools, Factory Support Equipment, Assortment of Raw Materials Including Metal Stock & Large Scrap Opportunity
Monday, August 17 & Tuesday, August 18. INSPECTION IS BY APPOINTMENT ONLY. No one will be allowed access to the facility without prior appointment. All coming on site for inspection day must sign a liability waiver and must be wearing long pants, close-toed shoes, and facemask. We also can accommodate inspections held via video calling.
An 18% Buyer's Premium will be charged on all assets purchased by buyers providing full payment is made within 48 hours following the sale. Acceptable forms of payment are cashier's check, company check (with bank letter of guarantee) or wire transfer within 48 hours of the sale close. For any Buyers failing to pay within the 48 hour stated payment period, the Buyer's Premium will be increased to 21%. Everything will be sold to the highest bidder, in accordance with the Auctioneer's customary "Terms of Sale", copies of which will be posted on the Auctioneer’s website and subject to additional terms announced the day of sale. All items are sold "As is, Where is" without any warranty, express or implied.
Agent Release Form
Example Bank Letter of Guarantee
Printable Lot Catalog
Terms & Conditions
Western Forge Auction Brochure
Smaller, hand-carry lots must be removed by Tuesday, August 25. Large assets must be removed no later than Friday, September 4. All removal is strictly on an appointment only basis. Anyone removing purchased items with a lift truck or another powered vehicle must have a certificate of insurance with a $2M General Liability policy, and that certificate must be provided to the auctioneer for review and approval prior to the auction.