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Bid History for Inductotherm Induction Furnace
Auction Start Date: 07/22/21 2:54 PM ET
Auction End Date: 07/23/21 4:15 PM ET
Asset ID: 3844   Number of Bids: 1

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Inductotherm Induction Furnace
Auction Closed
High Bidder: f*****y
Sold Amount: $15,500.00
Buyer's Premium (12.50%): $1,937.50
Total Price: $17,437.50
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Terms and Conditions
8 visitors
Make/Brand
Inductotherm
Make/Brand
Inductotherm
   
Condition Category
Used/See Description Industrial Equipment, General
Condition Category
Used/See Description Industrial Equipment, General
Inductotherm 75Kw induction furnace and outdoor cooling unit. It can melt iron, steel, stainless, bronze, or other metals that react to a magnetic field. It’s got a tilt box and lift swing, which has never been used. It has not been run for several years. In 2018 the unit had a temperature sensor fault on one of the cooling lines for the high frequency transformer. The manufacturer recommended a rehose and a coolant flush and fill, we ordered the parts. The coolant flush and fill was performed in the summer of 2019, which cleared the fault on the high frequency line. The rehose was never completed as it is too complicated an undertaking for our staff, parts will go with the unit. The last time it was run in Fall ’19, it threw up an error code and shut the machine off. We think it was a Hi Limit Temperature fault. The gauges were in the normal ranges, it did not overheat, which indicates a bad sensor, or one that needs calibration. Do to the changing directions of our Sculpture department, the limited use of the furnace, and the cost of repair and ongoing maintenance, we have decided it is time to sell. We have a bunch of coolant hose, ~35 gallons of high purity ethylene glycol, and a few misc. parts.

We’ve received an estimate of $25,000 (at our location) for the manufacturer to perform a field service rehose and calibration, which they think will return the unit to working order. In the process of doing the rehose, they may uncover parts that need replacement, which are not included in the quotation. We’ve include this as information only. The unit will be sold as is, where is, no warranties.

Purchase price for a new furnace and cooling unit is approximately $200,000. The manufacturer does offer complete refurbishment services at their manufacturing facility. Please contact them for more information.

Upon payment after auction win, de-installation will occur by university staff. Buyer should plan to be able to load palleted components onto their courier's truck for pick up. Cooling tower (last two photos) will not be palleted, and may need to be craned by the buyer as it is located on a slab several feet above the parking area. Schedules for these steps will be negotiated after successful auctioning.

Questions and AnswersQuestions and Answers
There are currently no questions posted for this asset.
 
Seller InformationSeller Information
view other auctions from University of Kansas
Seller Name University of Kansas
Asset Contact (Phone: 785-864-0662)
Asset Location 1851 Westbrooke St
Lawrence, Kansas 66045-4418
Map to this location
InspectionInspection
Most items offered for sale are used and may contain defects not immediately detectable. Bidders may inspect the property prior to bidding. Inspection is by appointment only. Please see the contact above to schedule an inspection.

PaymentPayment
Wire Transfer
Wire Transfer is the only payment option for this item. The Wire Transfer Transaction Summary page will provide payment and account information. The Wire Transfer must be completed within 5 days unless otherwise specified below.

PAYMENT MUST BE MADE ONLINE -- To make online payment, log into your Liquidity Services account and select 'My Bids'. Please follow the instructions there.

Payment in full is due not later than five (5) business days from the time and date of the Buyer's Certificate. Payment must be made electronically via the payment methods listed below.

TAX EXEMPTION: Where taxes are applicable (see the Buyer's Certificate), Tax Exempt documents must be provided to this seller within 24 hours of the auctions close and before payment is made. Please see the contact below for any questions.

RemovalRemoval
Property may be removed by appointment only and appointments must be made at least 24 hours in advance. All items must be removed within ten (10) business days from the time and date of issuance of the Buyer's Certificate.

The Buyer will make all arrangements and perform all work necessary, including packing, loading and transportation of the property. No Assistance will be provided. A daily storage fee of $10.00 may be charged for any item not removed within the 10 business days allowed and stated on the Buyer's Certificate.

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Special InstructionsSpecial Instructions
NOTICE: If you are the winning bidder and default by failing to adhere to this sellers terms and conditions your account with Liquidity Services WILL BE LOCKED.

Guaranty Waiver. All property is offered for sale 'AS IS, WHERE IS.' University of Kansas makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final.

Description Warranty. Seller warrants to the Buyer that the property offered for sale will conform to its description. Any claim for misdescription must be made prior to removal of the property. If Seller confirms that the property does not conform to the description, Seller will keep the property and refund any money paid. The liability of the seller shall not exceed the actual purchase price of the property.

Quick Asset Lookup (QAL) #: 6084-3844 (GD)