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AUCTION ID #: 426164 Bookmark and Share
USMS: Wooden Sofa Table with Fold Down Leaves
Item 426164  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: Not Met
Status: Closed
Auction Started: 11-03-09    08:00 AM ET
Auction Closed: 11-05-09    02:00 PM ET
Asset Details
Seller Information
      
Seller Name: USM
Rating: Not Applicable
Location: Brooklyn, NY    11205
View Seller's other items
 
 
Bid Increment: $100
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $500
Auction Type: Regular Auction
Source: Government
Deposit Required: $100    
Overtime Period: 5 min
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PROHIBITED PARTIES

The contractor, its employees, and their families and/or persons acting for and/or on behalf of the contractor are prohibited from bidding on any property offered for sale by the United States Government.

In order to avoid a conflict of interest, or the appearance of a conflict of interest, the following classes of persons are prohibited from purchasing, either directly or indirectly, property forfeited to the United States which is to be sold under this contract or any subcontract to this contract.

To view the entire Prohibited Parties Terms please click here.

View all USMS auctions at Bid4Assets


Asset Description
The U.S. Marshals Service offers the following asset for auction:
  • Wooden sofa table with fold down leaves and brass Egyptian pharaoh head gilt brass ornamentation at corners and as brass pull handles on faux drawers, gilt brass ornamentation at corners and as brass pull handles on faux drawers, gilt brass claw feet on casters, dents and scratches on top, dents on sides and corners, crack on front drawer, loose wheel hardware.
  • Measurements: 28 ½”H x 59 ½”W x 24” D.
  • Property is in good condition.

This is pursuant to a Final Order of Forfeiture as to Specific Property dated March 23, 2009.

Additional Details
For more information about this asset including photos, specs and more (when available), click here.
Bidding Requirements
To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller.

Non-winning bidders' deposits are refunded within (10) ten business days after the close of the auction. This deposit cannot be applied to other auctions.

To find out more about the BidDeposit requirement, click here.
Additional Terms of Service
Sold by the U.S. Marshals Service, which reserves the right to refuse any bid for any reason. Please see the document "General Terms of Sale" found in the due diligence area for further information. Bidders should conduct their own due diligence to determine value. The U.S. Marshals Service will not release the asset to the winning bidder until it has been confirmed that all funds have been received, including the initial bid deposit placed in order to bid on this asset. This may take up to ten (10) calendar days from receipt of the total bid amount.

The assets offered for sale by the United States Marshals Service are either seized by and/or forfeited to the United States under federal forfeiture laws. All Buyers of these assets must understand that the United States, and/or its agencies, agents, officers, employees, and/or assigns (hereinafter referred to as "Seller") has acquired the subject property through seizure and/or forfeiture, and has little or no direct knowledge concerning the title, nature, value, source, authenticity and/or any other aspect or characteristics of these assets.

THEREFORE, the Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed.

All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.

In addition, all Buyers must agree to release and hold harmless the Seller from any and all demands, rights and causes of action, arising from, or to arise from, or by reason of, the Government's seizure, forfeiture, ownership, possession, management, use, sale and/or transfer of these assets.

Inspection Details
This property will be available for inspection one time only on Thursday, October 29th, between the hours of 10:00 AM and 3:00 PM ET. Please contact inspections@bid4assets.com to schedule an appointment (please include name, telephone number, requested appointment time, and reference “Furniture”). Appointments must be scheduled before 3:00 p.m. ET on October 28th. Inspection will take place BY APPOINTMENT ONLY.
Settlement Requirements
  • Certified/Cashier's Check
  • The successful bidder has 24 hours following the close of the auction to sign a Purchase Agreement. The successful bidder has 7 business days to complete the transaction by certified check to the U.S. Marshals Service. The U.S. Marshals Service will not release the asset to the winning bidder until it has been confirmed that all funds have been received, including the initial bid deposit placed in order to bid on this asset. This may take up to ten (10) calendar days from receipt of the total bid amount .If the successful bidder does not perform, the bidder will forfeit his/her/its Bid Deposit to the U.S. Marshals Service. The successful bidder has 10 business days to transfer the asset from the USMS location and will bear the costs and responsibility for the transfer of this asset.

    For assistance, please contact Bid4Assets’ Customer Service team at service@bid4assets.com or 877-427-7387.

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