Calgary Auction, like new BP clone mill (40 taper), larger lathe (16"), radial arm drill and a saw - all bank repo few years old

[Tom Kitta]

https://alberta.hibid.com/catalog/215974/july-8th---heavy-equipment-and-industrial/

closes tomorrow.

 

[DavidR8]

The mill looks decent @ $4300...

 

[Tom Kitta]

Oh it does so far - remember it closes tomorrow. That mill is easily worth 6000. Current price with fees is around 5000 so it has another 1000 to go or it will be a steal. That is the same model but few years younger then my mill. Note machines are almost new.

 

[Janger]

It is 3 phase. It's nice with great accessories. What would it be new? 15K?

I like the band saw and the radial arm drill. Wish I had room and some reason to own that huge thing!

 

[PeterT]

Nice looking big boy lathe. Wonder what it will fetch when the dust settles.
https://alberta.hibid.com/lot/67545...l-bore-lathe/?q=&g=all-categories&ref=catalog

 

[Tom Kitta]

Price new is around 20k for the mill.

 

[historicalarms]

Lot 531 (Hyd. band saw) is looking like a steal as well

 

[Tom Kitta]

Lathe sold for 12000 plus fees. Mill reached 6500 but did not sell (limit not reached).
Radial arm reached just 2200 and did not sell.

Note that 6500 with fees (and tax) is around 7500.

 

[YYCHM]

Don't understand? Didn't sell for what reason?

 

[Tom Kitta]

Did not sell as reserve price was not met. The radial arm saw was TF-1600 - i.e. 1600mm arm. Large machine. Certainly over 20k new. I have baby TF-900. TF-1600 is huge like 5t monster.

Mill probably had reserve of something like 8k. Radial arm similar 8k. They need to ship them to richie bros to get better price.

 

[YYCHM]

Don't they publish the reserve price as min bid?

 

[Tom Kitta]

No. They did not. They probably did not want to kill interest & foster "auction fever".

 

[Janger]

Thanks for the commentary Tom. That's a 20K mill!