Bidding OPEN NOW in the Online Auction – Disposition of Seized Horses – Crundwell

September 7th, 2012 1:40 PM | No Comments

Online Auction: September  11 & 12, 2012
Live Auction in Dixon, Illinois: September 23 & 24
Performance Horses (Part 1) and related equipment, Sunday, September 23
Performance (Part 2) and ALL Halter Horses, Monday, September 24

Important Notices
Buyer’s Premium will be charged at this Auction
10% Buyer’s Premium for horse purchased up to $250,000
8% Buyer’s Premium for horses that sell for more than $250,000
Buyer’s Premium is added to the final bid to establish the purchase price

$250 Deposit Required to Register for Bidder’s Number
Deposits are 100% Refundable for unsuccessful bidders.
Deposit will be applied to purchase price for successful bidders.

LIVE AUCTION – FREE ADMISSION 

How It Works- Bidding & Buying in the Online Auction

  • Online Catalog Available Now at http://professionalauction.com.
  • Bidding is OPEN NOW.
  • Lots in Session One will begin closing at 7:00 PM ET on Tuesday, September 12, 2012 at the times stated for each entry.
  • Session Two will begin closing at 7:00 PM ET on Tuesday, September 12, 2012 at the times stated for each entry.

Four Steps and what you need to know about them.

  • Register
  • Bid
  • Pay
  • Pick Up Your New Horse

Register to Bid:  See Below for Information

Your Bidder’s number will be good for the online auction, for the live auction, and to bid remotely at the live auction.

Pre-purchase Veterinary Exam – Online Auction Horses Only
Contact Professional Auction Services, Inc. to contact the horse’s caretaker to make arrangements for Pre-Purchase exams.

Bidding and Buying:

Bidding is OPEN NOW. Lots in Session One will begin closing at 7:00 PM ET on Tuesday, September 12, 2012 at the times stated for each entry.  Session Two will begin closing at 7:00 PM ET on Tuesday, September 12, 2012 at the times stated for each entry.

Bidding on lots will close every 3 minutes. If late bids (last minute) are received on a horse, an additional 2 minutes will be added to the countdown timer on that lot. Only after a 2 minute period passes with no additional bidding will the bidding close.

After the bid opening, a bidder may place individual bids that are $50 higher than the previous bid up to $2,000, after this level is reached bid amounts go to $100 as indicated by the auction system. Alternatively, a Bidder may place confidential maximum (proxy) bids where they declare the maximum dollar amount they want to bid, and the computer will bid on their behalf until they have successfully purchased the horse or the asking price exceeds the amount of their maximum bid. Maximum bids are strictly confidential and are not known by other buyers or the seller.

  • Review your bids BEFORE you click on the BID button.
  • You will be notified that your bid has been placed.
  • You will be notified if you are outbid.

 Buyers will be notified if they are the successful purchaser of a horse via email, immediately after the bidding closes, unless the horse is sold subject to seller confirmation.

Buyers are required to complete payment through Professional Auction Services, Inc. within three (3) days of the close of bidding on each horse they purchase or once the sale is confirmed for a horse subject to seller confirmation.

It is the responsibility of the buyer to arrange for transportation to get their new horse delivered. The seller may charge board for keeping the horse after 5 days from the date the auction closes.

PAYMENT – Online Auction:

Acceptable forms of payment:
Winning bidders will receive an emailed invoice shortly after the close of the auction. Pay from that invoice. If you do not receive an invoice, please contact by telephone at 800-240-7900 or by email info@professionalauction.com

***BALANCE OF FULL payment is due within 3 days after the auction. ***
Acceptable forms of payment for the Online Auction: Credit cards up to $2,500 of purchase price (Visa, MasterCard, American Express) and/or bank wire transfer and cashier’s or official bank checks made payable to Professional Auction Services, Inc.  All Credit Card Sales are Final

INTERNATIONAL BUYERS ONLY, including Canada and Mexico:
BY Advance deposit with PAS of the FULL AMOUNT of intended purchase price by wire transfer, or cash equivalent in U.S. Dollars.  Any unused funds will be returned in the same form as received or by PAS company check within ten business days from auction.

Pick up your horse.
You are responsible for picking up your new horse or making arrangements for it’s transport.  You will receive an email confirmation of payment that you or your transporter will to present to the caretaker of the horse.  The caretaker will also have your information.

The Buyer must remove the property purchased from the auction premises within 48 hours after payment but in any event not more than five (5) days after acceptance of the offer by Seller. Seller is not obligated to offer other storage arrangements to Buyer and will consider such requests on a case by case basis. Any purchases not removed within 48 hours of payment or within five (5) days after acceptance of the offer by Seller, whichever occurs first, or for which other arrangements have not been made, shall be deemed to have been abandoned by the Buyer to the Seller who will assume all right, title, and interest in the asset.

Do your homework!
It’s up to you to decide which horse to bid on and how much you want to bid.  You are bidding and buying based on your own inspection.
Be certain that you are bidding on the right horse.
Know the Terms and Conditions.  You will be bound by them whether you read them or not.
This is an overview of the Online Auction procedure. Be sure to read the Terms of Sale. Please ask for assistance if you need help with any aspect of the Online Auction.

Further details will be available at http://professionalauction.com as they become available.

Register to Bid NOW

Your bidder number is good for both auctions

  • September 11 & 12 – Timed Online Auction
  • September 23 & 24 – EDJEcast live auction online bidding or for bidding onsite

Please DO NOT login with your previous username and password on the online.professionalauction.com web site.  Follow the instructions below.  You will be taken to our secure shopping cart to make your deposit.

At  http://online.professionalauction.com/

  • Choose “Create An Account” in gold box, top left, or “Register to Bid” in auction listing
  • Complete Form to create user name and password with Edje Auctions.
  • A pop up window will appear with instructions to continue to EDJEcast  auctions page.
  • Log in with username and password (on your first visit choose auction interest.)
  • Scroll down list of auctions to and Select – DISPOSITION OF SEIZED HORSES

September 23, 2012
- Choose: Register to Bid
- Complete the required information

* You will automatically be sent to the secure shopping cart where you will your enter credit card information      for $250 bid deposit.
- Once your credit card has been charged you will receive an email with our bid number and the terms and        conditions of sale.  You will also receive an email with the receipt for your credit card charge.

Your bidder number is good for both auctions
September 11 & 12 – Timed Online Auction
September 23 & 24 – EDJEcast live auction online bidding or for bidding onsite.

Further details will be available at http://professionalauction.com as they become available.
No Liens

The U.S. Marshals Service has been ordered by the Court to sell all horses within the defendant’s herd, regardless of location.  A lien or encumbrance will not be assessed as a part of any sale price.  Transfer of a horse will occur forthwith following sale.  The U.S. Marshals Service will coordinate with the AQHA to effect ownership transfer following sale.  The Court’s Order reads, in part:

3. at page 5 – “. . .the United States Marshals Service shall sell the defendant properties in the most commercially feasible manner, including but not limited to live and online auctions; it is further ordered,”

6. at page 6 – “In furtherance of the interlocutory sale and disposal, the United States Marshals Service or its authorized agent is authorized to prepare and sign any and all documents relating to the sale and transfer of ownership of the defendant properties.”

9. at page 6 – “Rita A. Crundwell shall execute any documents necessary to effectuate the interlocutory sale and disposal of the defendant properties; it is further ordered.”

11. at page 6 – “This Court shall retain jurisdiction in this matter to take additional action and enter further orders as necessary to implement and enforce this protective order directing the interlocutory sale of the above-identified property.”

Further details will be available at http://professionalauction.com as they become available.

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