AUCTION
Restaurant and Metalworking Equipment
8800 N. Industrial Road
Peoria, Illinois
Tuesday, July 14, at 9:00 a.m.

No removal of purchases will be permitted while auction is in progress.

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Bidders paying in currency in amount of $10,000 or greater will be required to complete IRS Form 8300.

We often are asked how a bidder should bring cashier's checks when the bidder does not know how much he/she will be spending. If you bring cashier's checks made payable to yourself in various increments, you can endorse them over to us and we will refund any overpayment.

We do not accept credit cards or debit cards. We no longer accept "convenience" checks drawn on credit cards since our bank will not process them. 

A 10% Buyer Fee will be added to all purchases, including real estate.

All items are sold "as is" and "in place" and "with all faults known and unknown". No property is to be removed until paid for in full. Please settle with the cashier within 15 minutes after the close of the auction. The Auctioneer and Owner or their designee reserve the right to add to, split, bunch up, withdraw or delete lots, or bid on Owner's or lien holder's behalf during the course of the auction sale. Sales tax will be charged where applicable. Leased items, if any, are sold subject to Lessor's approval. More detailed terms may be listed in auction day catalog and on the back of your bidder registration card or posted on-site for your review. 

Absentee Bids: If you are unable to attend the auction sale, we can bid for you. You must submit a blank check accompanied by a bank letter guaranteeing payment to Cotten Commercial Auctioneers, Inc. in the amount of your maximum bid plus the Buyer's Fee, if applicable. We will bid for you as if you are actually present, however, we assume no liability to bidders for missed lots where bids are not presented.
Inspection and Preview: Inspection from 1pm to 4pm on Monday, July 13, and from 8:00 AM on auction day. Although every effort has been made to publish reliable information regarding the property to be sold, Cotten Commercial Auctioneers, Inc. makes no warranty, expressed or implied, as to the accuracy of the information contained herein. The description, measurements, model and serial numbers, age, quantities, weights, condition, odometer and hour meter readings as outlined in the brochures and catalogs and invoices are believed to be accurate, but are for merely for the Auctioneer's identification of the respective items and not a warranty that such information is correct. For this reason the buyers should avail themselves of the opportunity to inspect the property to be sold prior to the auction sale. Any announcements made day of sale shall take precedence over prior advertising or printed matter.
Removal of Purchases: All purchases must be removed from the premises before 5pm Thursday, July 16, 2009. All items are sold "in place" with removal at purchaser's risk and expense. All purchases become the Buyer's responsibility at the time of sale, and the Seller and the Auctioneer assume no responsibility or liability for loss, damage, or injury to persons or property before, during, or after the auction sale. Protect your purchases once the auctioneer says "sold". The bidder agrees to hold harmless, defend, and indemnify Auctioneer for any personal injury or property claims resulting from attendance. This provision shall include unregistered persons attending with bidder. Movers and riggers must provide a valid certificate of insurance prior to dismantling any equipment.

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