After 55 years in the construction business, Mike and Leslie Casto have decided to retire and contract with Xyz Auction Service to sell their line of clean, well-maintained, low-hour, late model, ONE OWNER construction equipment, as well as support tools and shop tools on a **NO RESERVE** online auction.
A few of the highlights include: 1998 Case 821B 4 yard Wheel Loader with 4077 hours ONE OWNER, Case 650L Dozer with 2858 hours ONE OWNER, 2017 Case 580 Super N Backhoe with 3191 hours ONE OWNER, Case CX160D Excavator Fully Loaded ONLY 275 hours ONE OWNER, Ford LTL 9000 with Michigan Special, Cummins engine, 15 speed transmission, wet kit, ONLY 54,076 miles ONE OWNER, New Holland 3010 2wd Tractor 1600 hours ONE OWNER, Case 1845C Skid Steer with quick attach bucket, auxiliary hydraulic 1742 hours ONE OWNER, Case SV208 Roller 514 hours, Ford CM274 4x4 Mower with front deck 1727 hours, Rodgers Detachable Equpiment Trailer, Tri-Axle 9 ton Tag Trailer, Tandem 10 ton Tag Trailer, and many other items that will be listed soon.
This is just a preliminary listing of photos and items. Please check back for detailed photos and descriptions of the auction items. Auction Location: Gaines, Michigan 48436. Live online bidding will begin at 7 am on Monday, September 8th, and lots will begin to close at 7 pm on Thursday, September 11th. Thank you for your interest!
Tuesday, September 9th from 1 pm to 4 pm
Thursday, September 11th from 9 am to 12 pm.
Load Out Dates are
Saturday, September 13th, 1 pm to 4 pm.
Monday, September 15th, 9 am to 12 pm.
Please contact us prior to bidding if you are unable to make the load-out dates and times.
All items are to be paid in full and picked up on Saturday, September 13th, or Monday, September 15th. Paid in full item(s) not picked up on Saturday, September 13th, or Monday, September 15th, without prior notification will be considered abandoned and will be relisted on auction offering for sale to the public.
All items are to be paid in full and picked up on Saturday, September 13th, or Monday, September 15th. Paid in full item(s) not picked up on Saturday, September 13th, or Monday, September 15th, without prior notification will be considered abandoned and will be relisted on auction offering for sale to the public.
Cash
Credit /Debit Card (Visa, Discover, MasterCard, and American Express)
Cashier’s Check – Payable to Xyz Auction Service
Buyer's Premium is 10% for cash and certified checks or 13% for credit cards.
Cash
Cashier’s Check (make payable to Xyz Auction Service )
Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times based on Eastern Standard Time. Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there is 10 minutes of bidding inactivity. Example - An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is placed at 8:01 the auction will extend until 8:20pm. This will give bidder 19 minutes to place another bid. If no bids are placed this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid.
All bidders will be subject to 6% State of Michigan Sales Tax. If you are tax exempt, provide our office with the documentation required for exemption.
Sales tax is calculated on total sales price which includes Buyer's Premium (therefore Buyer's Premium is also taxable).
Automatic Bidding (auto bid) option makes bidding convenient allowing you to enter the maximum bid amount* that you are willing to bid on an item. Based on your Account Preferences for notification, you may be notified whenever your auto bid increases &/or when it is exceeded.
The auction company or other bidders do not have access to see your auto bid amount. You are the only person that can see your auto bid amount (displayed in your Watch List).
Your auto bid will not “jump” to the maximum amount. The auto bid will increment up only with competing bids until either the item completes with you as the high bidder, or until your auto bid has been exceeded by another bid.
If another bidder already has an auto bid in place when you place your auto bid, the (2) competing auto bids will continue to increment until either the lower auto bid is maxed out; or if both auto bid amounts are the same the auto bid that was placed first will become winning position of the bid.
Example #1:
1. Minimum bid is at $10.00 with a $5.00 bid increment.
2. Bidder #1 places an auto bid for $77.00.
3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00.
4. Bidder #2 places an auto bid for $23.00.
5. Bids would compete with each other as follows:
Bidder #1 - $10
Bidder #2 - $15
Bidder #1 - $20
Bidder #2 - $23 (maximum auto bid placed)
Bidder #1 - $25 (high bid position)
The high bid is $25 not $28 because Bidder #2’s auto bid was exceeded at an increment other than $5.
Example #2:
1. Minimum bid is $10.00 with a $5.00 bid increment.
2. Bidder #1 places an auto bid of $77.00.
3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00
4. Bidder #2 places an auto bid for $25.00
5. Bids would compete with each other as follows:
Bidder #1 - $10
Bidder #2 - $15
Bidder #1 - $20
Bidder #2 - $25 (maximum auto bid placed)
Bidder #1 - $30 (high bid position)
The high bid is $30 because Bidder #2’s auto bid was exceeded at an increment equal to $5.
Example #3:
1. Minimum bid is $10.00 with a $5.00 bid increment.
2. Bidder #1 places an auto bid of $25.00.
3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00
4. Bidder #2 places an auto bid for $25.00 (same amount as Bidder #1 auto bid)
5. Bids would compete with each other as follows:
Bidder #1 - $10
Bidder #2 - $15
Bidder #1 - $20
Bidder #2 - $25
Bidder #1 - $25 (high bid position)
The high bid is $25 with Bidder #1 in high bid position because Bidder #1 placed the $25.00 auto bid before Bidder #2.
*Buyer’s premium and sales tax will be in addition to the winning bid amount.
A bid may be placed for any amount equal to or greater than the current required bid amount, which means your bid amount is not required to be an increment of the posted bid increment.
Example:
Current bid at $10.00 with a bid increment of $5.00.
Minimum bid required would be $15.00.
A bid may be placed for any amount equal to or greater than $15.00.
The bid amount is not required to be in increments of $5.00; therefore a bid could be placed for $17.00 or $76.00 or whatever amount you wish to bid as long as it is equal to or greater than the minimum bid required.
The winning bid may end up at any amount. It may not be divisible by the stated increment. The winning bid will be the highest
Refer to Automatic Bidding section for further explanation of the convenient method of placing an automatic bid.
You can place bids on an item before the auction starts, this is especially helpful if you will not be available on the day of the auction.
When an item status shows as “Pre-Bidding” this simply means that bids placed are not displayed on the auction site until the date the auction is scheduled to open.
Although there may actually be pre-bids placed on the item, an item in pre-bidding status will show # of bids placed as 0 and the current bid (required bid) will show as the opening bid.
You may place a pre-bid through the same process as normal bidding. You can monitor & view your bidding activity on items in pre-bid status from your Watch List.
When you place a pre-bid, if you are notified that your bid is not higher than another user’s pre-bid this means that another bidder(s) has already placed a pre-bid equal to or higher the amount of the pre-bid you are attempting to place. You will need to raise your pre-bid if you want to be in the winning position.
All pre-bids will be tallied and shown when the auction actually begins.
Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times based on Eastern Standard Time. Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there is 10 minutes of bidding inactivity. Example - An item is bid on at 7:50pm. An auction is scheduled to close at 8:00pm. When this bid is placed the ending time will automatically extend to 8:10pm. When another bid is placed at 8:01 the auction will extend until 8:20pm. This will give bidder 19 minutes to place another bid. If no bids are placed this auction will conclude at 8:20pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10 minute intervals, NOT 10 minutes from when you placed your bid.