King Music Company – Liquidation Auction

After 70 years in business, King Music is closing its doors.s

Location: 301 Center Ave., Brownwood, TX 76801

Lots Begin Closing November 30 at 9am CT

Inspection: Monday November 28, 11am-3pm

Removal: Saturday December 3 from 9am-4pm only

For 70 years, King Music Co. has been music headquarters for this region of Texas. This liquidation online auction includes many hard to find items such as: collector guitars, equipment & inventory of the largest musical instrument repair shop in the region, delivery vehicles & new instrument inventory. Don’t miss this opportunity.

Highlights:
Collector Guitars:
1969 Gibson Byrdland
(2) Kay 1950’s Acoustic Guitars
1956 Silvertone

New Inventory:
Electric Guitars: Ibanez, Austin, Peavey
Alvarez Acoustic Guitars
Band Instruments
Band Instrument Supplies & Accessories
Guitar Accessories
Peavey Amps
PA Equipment
Music Learning Books & Manuals

Vehicles:
2011 Chevrolet HHR, delivery
2000 Chevrolet Astro Van, delivery
1995 Chevrolet S-10 Pickup

Other Highlights:
Instrument Repair Shop Equipment & Tools
Repair Parts for Guitars & Band Instruments, 70 year accumulation
Specialty Tools for Band Instruments
Large amount of non-working band instruments
Used / Collectible Amps
Retail/Counter Type Display Cases
Ingersol Rand 5hp Industrial 2-Stage Air Compressor, 5 HP, 175 psi
Metro Racks
Pallet Racks, 4 sections
Warehouse Shelving
Cash Registers
Office Furniture

Other Collectibles:
1950’s Silver Tuba
Collectible Snare Drums
Old Inventory of 45’s & LP’s dating back to the 1950s
Large Collection of Vintage Sheet Music
Old Inventory of TV & Radio Tubes Dating Back to 1950’s in Original Boxes - Many Different Sizes
Plus many other items, too numerous to list.

Jones Swenson Auctions
Bringing Buyers & Sellers Together Since 1983
W. Scott Swenson, TX Auctioneer #7809

KING MUSIC CO. – LIQUIDATION ONLINE AUCTION – BROWNWOOD TEXAS

TERMS AND CONDITIONS

READ CAREFULLY AND COMPLETELY AS ALL AUCTIONS ARE DIFFERENT

1. This is a Public Auction. This is a Public Auction. By registering to bid in this auction, you acknowledge and agree to these terms and conditions. Lots begin closing in numerical order at 9:00 AM CT on November 30, 2016; 1 per minute, with extended bidding in effect. Bidders must provide a valid credit card to register to bid online.
2. Payment: Payment will be processed immediately after the last lot is sold on November 30th with the credit card buyer submitted at registration, unless buyer has made alternate payment arrangements PRIOR to the end of the auction (contact Auctioneer 512-261-3838 or email: info@JonesSwenson.com). Invoices over $4,000 are required to pay by bank wire or cashier’s check to be received by auctioneer no later than Thursday, December 1st. All other invoices will be charged to the credit card on file. If credit card does not go through and buyer cannot be reached by cell phone within one hour, Auctioneer may resell the items to the back-up bidder without notice. An email confirmation & paid invoice will be emailed to buyer confirming process of payment. Payment can be made by VISA, MC, Discover, or by cash or cashier’s check. Buyers should be available by cell phone (or other phone number provided at registration). Payment must be received by 3:00 PM CT November 30, 2016 unless you plan to pay with cash. Payment by cash must be made at the auction site on December 3, 2016. A Cashier’s check must be sent overnight to our office- 900 RR 620 South Ste C101 PMB200 Austin, TX 78734. A paid invoice will be required to remove purchases. No items may be removed until payment is made in full.
3. Buyer’s Premium: A 15% buyer’s premium will be added to each item purchased (“Buyer’s Premium”)
4. Texas Sales tax Sales tax will be charged unless the buyer has provided a signed Sales Tax Resale Certificate or Exemption Certificate. Prospective buyers MUST fax or email their resale form prior to the end of the auction to (512) 261-9886 or info@JonesSwenson.com
5. Removal: Saturday December 3rd 9:00 AM to 4:00 PM CT. AUCTIONEER DOES NOT OFFER SHIPPING, HANDLING, PACKING, OR LOADING. Shipping of small items is available via 3rd party: “Box-N-Mail Express”, see shipping heading below. All purchases must be removed before the deadline of 4 pm on December 3, 2016. If you cannot remove your purchases within this timeframe, do not bid. If you are buying something that takes two people to load, please bring two people with you to pick it up. There is no guarantee that Auctioneer will have someone available to assist you in loading. SHIPPING: 3rd party shipping of small items is available via “Box-N-Mail Express” in Brownwood, TX. Please contact them (phone: 325-643-1037 or email: BNMExpress@hotmail.com) by Friday Dec. 2 to make arrangements. They will make one trip to the auction site to pick-up items on Dec. 3. Auction Company will not be involved. Buyers will make payment for shipping directly to “Box-N-Mail Express”.
6. Everything is sold “As-Is”: All items in the auction are being sold, “as is, where is” without warranties or guarantees of any type and with all faults. AUCTIONEER AND SELLER EXPRESSLY DISCLAIM AND EXCLUDE THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. Bidders should rely solely on their own inspection of all items prior to the sale and should satisfy themselves as to the usefulness and value of each item. Any statement in the description or the auction marketing, regarding the items to be sold, should be considered a limited guide only. Any error in description does not relieve the buyer or his/her agent of their responsibilities to inspect. There are NO REFUNDS OR RETURNS.
7. Bidder’s Duty to Inspect and Investigate: Bidder acknowledges that the Auctioneer is providing them with the opportunity to inspect the items being offered for sale in this auction.  The Auctioneer strongly encourages bidders to attend the scheduled inspection for this auction or to send an agent, which will take place on the date listed above.  If you choose not to attend the scheduled inspection or are in doubt about the condition, completeness, or suitability of a given item, please bid accordingly.
8. Choose Wisely: We want everyone to get a good deal and most will.  However, when you bid on the wrong item or decide an item is not suited for your intended use, or you make assumptions of condition or quality, our sellers will not assume the cost of your mistakes.  You agree that your failure to inspect or otherwise become fully informed about the items offered for sale in this auction will not be grounds for a refusal to pay amounts due, nor for any claim against the Auctioneer.
9. Buyer is Responsible: Seller, Auctioneer and Buyer expressly agree that Buyer is responsible for and agrees to indemnify Seller, Auctioneer and their respective affiliates for any and all damages (whether based on contract, tort, warranty, negligence, strict liability or any other legal theory, and including special, incidental and consequential damages), losses, expenses, attorneys’ fees, court costs, etc., that arise out of or result from the removal, possession or use of any items purchased at this auction, or any other claim regarding the use or possession of any asset purchased at this auction.
10. Charge-backs Prohibited: As a bidder, you agree that you will accept all charges placed on the credit card associated with your account, and you agree that you will not charge back any amount that the Auctioneer charges to your credit card.  You agree that this provision applies equally to amounts charged in connection with any items you have won and any buyer’s premium or sales tax applicable.
11. Default and Resale:  You agree that if, after being declared the winning bidder, you fail to pay for any item that you have won for any reason, your account will be declared in default.  If you still fail to pay for any item after being notified of your account’s being in default, you agree that the Auctioneer will have the right to immediately resell your item, and you further agree to pay (a) any cost associated with the resale and (b) any deficiency between your original purchase price and the resale price.
12. Disposal of Unclaimed Items:  In the event you refuse to pay for or abandon any item that you win at auction, the Auctioneer will have the option of reselling, removing, storing, or disposing of the unpaid-for or abandoned item.  You understand and agree that you will be personally responsible for all deficiencies – and all legal, collection, transportation, and storage expenses – associated with your delinquent account and/or abandoned items.  In the event of resale, you agree to pay any cost associated with the resale as well as any deficiency between your original purchase price and the resale price.
13. Suspension of Bidding Privileges: You understand and agree that any violation of these Terms and Conditions — and/or any unsafe or illegal activity during any auction-related event — may result in the Auctioneer’s suspending your online bidding privileges indefinitely.  Nothing in this paragraph will limit the Auctioneer’s right to any other remedies at law or in equity.
14. Internet Problems: Auctioneer and Seller are not responsible for any internet connection problems that may occur during the auction. Bidders should understand that sometimes internet connection or delay problems do occur. Auction lots will not be re-sold or brought back up for bidding because of internet problems. If you have issues with placing bids, please contact HiBid Customer Service directly (352) 414-1947.
15. Missing Items: In the event an item sold in the auction is found to be missing or it is determined that an item cannot be legally sold, prior to removal, the Auctioneer/Seller will only be responsible for the refund of the purchase price, buyer’s premium and any sales tax. Buyer agrees that the only compensation due them will be the refund of actual money paid.
16. Claims and Choice of Venue:  Any claim or controversy arising out of or relating to these Terms and Conditions, or to any breach thereof, will be resolved exclusively by a state court having jurisdiction in Travis County, Texas, or in the Federal District Court for the Western District of Texas, where federal jurisdiction exists.  Each party hereby submits to the jurisdiction and venue of such courts. You agree that all claims instituted by you will be litigated on an individual basis, and will not be consolidated with any claim made by another party.  You agree that any judgments awarded may be applied to and collected from you personally or corporately.  Should you file an action contrary to this paragraph, the defending parties may recover reasonable legal fees and costs.  Further, if you bring a claim against the Auctioneer and do not prevail, and/or if the Auctioneer takes action against you as a result of your violation of these terms and conditions and is the prevailing party, you agree that you will reimburse the Auctioneer for all reasonable legal fees and costs including reasonable attorney’s fees.
17. Governing Law & Venue:  These Terms and Conditions will be governed by and construed under the laws of the State of Texas. Venue is Austin, Texas.
18. Auctioneer’s Rights, Seller’s Rights, Entire Agreement & Updates: Auctioneer reserves the right to alter these terms & conditions at any time prior to the close of the auction. Seller reserves the right to add or remove items from the auction prior to the close of the auction. Notice will be given to bidders via the revised catalog online. These Terms and Conditions contain the entire agreement between the Auctioneer and the Bidder and supersede any prior oral or written agreements relating to the same subject matter. Please monitor the auction info page on JonesSwenson.com for up to date information and notices regarding this auction.