HTHM Posted August 18, 2011 Report Posted August 18, 2011 Apparently the auction is this Friday. Sad to see them go.
Terry Posted August 18, 2011 Report Posted August 18, 2011 yeah I think you can bid on-line or in person http://www.bidspotter.com/forms/event.php?event=14829 http://www.hilcoind.com/sales/sale.asp?SALE_ID=2104&SALE_REFERENCE_ID=HGUMKLWLXZ72720118351
irishfield Posted August 18, 2011 Report Posted August 18, 2011 Man... if you ever needed a trailer that's the place to be. Gonna be a real long day, suspect they'll be using more than one auctioneer and selling from different areas at the same time so take a friend if you want to buy something. I want this...
irishfield Posted August 18, 2011 Report Posted August 18, 2011 Also be certain that what you want is actually in Innisfil. The North Bay locations stuff is being sold by Webcast from Innisfil !
whitbyboatguy Posted August 18, 2011 Report Posted August 18, 2011 With my luck I would buy a trailer online and it would be suitable for an 8ft boat! How is one supposed to know if the item is in innisfil or north bay?
asdve23rveavwa Posted August 18, 2011 Report Posted August 18, 2011 Some nice stuff up for grabs. Thanks for the link Terry!
Pikeslayer Posted August 18, 2011 Report Posted August 18, 2011 Whew! 18% buyers premium, then don't forget HST. I registered anyways and have a few items targetted.
whitbyboatguy Posted August 18, 2011 Report Posted August 18, 2011 Whew! 18% buyers premium, then don't forget HST. I registered anyways and have a few items targetted. I think it is 15% if onsite. don't forget "plus shipping". Winning in Innisfil only to have the other items you wanted in North Bay would not be so great. If I had time to kill like all these retired guys I would be up there even if it was just to kill time.
asdve23rveavwa Posted August 18, 2011 Report Posted August 18, 2011 I think it is 15% if onsite. don't forget "plus shipping". Winning in Innisfil only to have the other items you wanted in North Bay would not be so great. If I had time to kill like all these retired guys I would be up there even if it was just to kill time. What retired guys??? Pretty sure everyone that has replied is still working? Unfortunately. My joke is the 65 in FRANKIE65 is the # of years I still have to work to retire comfortably!
206 Posted August 18, 2011 Report Posted August 18, 2011 Crap on day shift this week...You think this stuff will go for a decent price? maybe I should be sick tomorrow:whistling:
irishfield Posted August 18, 2011 Report Posted August 18, 2011 It will go for wholesale price or better most likely. You'll have every dealer (that's still in business) there bidding. They'll all stop bidding at wholesale and the private guys will take it further. You may or may not save about 40% and then you'll pay a 15% buyers premium. I may go waste a day tomorrow...
misfish Posted August 18, 2011 Report Posted August 18, 2011 (edited) Dont waste yer day Wayne. Stay home and cut wood. Im not even thinking about taking a day off for this one. I won a great blow up pool chair for Betty for our week get away. Im good,,,,,,,,,,,,,,or is that gold? LOL Edited August 18, 2011 by Misfish
Cast-Away Posted August 19, 2011 Report Posted August 19, 2011 Holy cow, did anyone scroll through the stuff? These folks were swimming in marine parts and company vehicles.
irishfield Posted August 19, 2011 Report Posted August 19, 2011 (edited) ..and that's exactly what killed them in a depressed market.. inventory that they paid for when the US dollar was stronger and couldn't sell. Nobody needs 200 folding boat seats.. that appear to be all in the same friggin colour. Edited August 19, 2011 by irishfield
Nipfisher Posted August 19, 2011 Report Posted August 19, 2011 If any of you "lucky" buyers out there pick up something in North Bay I may be able to assist with delivery. Looks like I'll have some time on my hands soon. Could also store stuff here if needed. PM me after the auction closes.
HTHM Posted August 19, 2011 Author Report Posted August 19, 2011 My understanding was GE Capital calling the loan is what forced them under.
whitbyboatguy Posted August 19, 2011 Report Posted August 19, 2011 My understanding was GE Capital calling the loan is what forced them under. That really sucks. I know most loans can be called at any time (my mortgage I think too) but I never heard of that happening.
bigbuck Posted August 19, 2011 Report Posted August 19, 2011 They must have been overextended on their Line of Credit or they fell behind in payments. Whatever happened, it's too bad for the employees, hopefully they didn't get shafted too badly. There are a few props there that I'd be interested in but don't really need and the price is going to be driven up so I'm out. Now if they had a nice Volvo Penta Dual Prop lower unit........
irishfield Posted August 19, 2011 Report Posted August 19, 2011 Yah think Buck.. GE looking for a 5.5 million dollar payment when they, Sandy Cove, only had about $500k in total retail stock + the boat inventory that wasn't selling. Too many dealers did what they'd done every year and filled their floor with 3rd party finance "floor plans" (boats) and can't make the interest payments in todays market and lack of sales.
grimsbylander Posted August 19, 2011 Report Posted August 19, 2011 ..and that's exactly what killed them in a depressed market.. inventory that they paid for when the US dollar was stronger and couldn't sell. Nobody needs 200 folding boat seats.. that appear to be all in the same friggin colour. Strangely, I was thinking the exact same thing. The last thing you want to see is a business going down and you certainly don't want to knock them, but wow, it looks like they were expecting a big $ season that never materialized. Considering the listed auction items are what's left after a few weeks of agressive selling, they seem a little "fat" for inventory. Not that I'm an expert in marine sales though. But where I work, I don't let our purchaser buy anything that not directly related to an existing customer purchase order without me signing off first. Times are too tough to carry overhead. IMHO
Oryx Posted August 19, 2011 Report Posted August 19, 2011 When do you think some of this stuff will end up on Kijiji? Someone flipping it to make a quick buck.
HTHM Posted August 19, 2011 Author Report Posted August 19, 2011 When do you think some of this stuff will end up on Kijiji? Someone flipping it to make a quick buck. Tonight.
206 Posted August 20, 2011 Report Posted August 20, 2011 Anyone make out on any items? Please tell me prices were bid way up it will make me feel i didn't miss anything lol
bucktail Posted August 20, 2011 Report Posted August 20, 2011 Had my daughter bidding for me. Got a new prop for my Yamaha for 50 bucks, perfect since I kissed the French with it a few times thhis spring. Also got the Yamaha genny inverter for 450, msrp 982, Ive been looking for this exact one as its only 35 decibals and can be run on the front of your boat as you fish. Alot of guys on the Bassmaster tour are running it on there boats when they use there trolling setup all day. the 4stroke 9.9 and 8hp mercs went for 1500 not alot of saving there. Oh and they had 382 of the same seat in stock!!
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