|Location:||Cleveland, OH 44113|
|Number of Bids:||16|
|This is the final amount the asset was sold for. Winning Bid:||$2,843,623|
|It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:||$900,000|
|Your Bid Status:||Log in to view status|
|It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:||Met!|
|Auction Started:||09-06-11 08:00 AM ET|
|Auction Closed:||09-08-11 03:15 PM ET|
|It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:||5 minutes|
|BidDeposit:||$180,000 — See Instructions|
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 bidder deposit refunds are emailed within ten (10) 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.
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.
There will be a viewing held for this diamond between the hours of 9:00 AM and 3:30 PM ET on the dates of Monday, August 29th - Friday, September 2nd, 2011. Please note that only interested parties who have submitted a bid deposit will be allowed to view the diamond, NO EXCEPTIONS. Only one party will be allowed into the viewing area at a time. To request an appointment time to view the diamond, you can send an email to [email protected] and please include your name, telephone number, requested appointment time(s), and reference auction ID # 504373 or you can contact Reynell Saxon at 877-794-1542 ext 135. Because of the strict security for this asset, please note that your requested inspection time may not be available, therefore when you are submitting a request please send at least three (3) appointment times and we will try to accommodate your requests. It may be necessary to amend the time outside of your top 3 requested times, however we will try to work within your schedule. It is recommended that inspection requests are sent at LEAST 3 business days prior to the date you are requesting and you will receive a confirmation email confirming your appointment date and time as well as the inspection location.
The successful bidder has 24 hours following the close of the auction to sign a Sales Certification Form. The successful bidder has 7 business days to complete the transaction by certified bank check or wire transfer to the U.S. Marshals Service. 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 [email protected] or 877-427-7387.