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Item # BV-320013  |  Lot # 2161-04
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Current Bid: $ 100   Reserve Not Met
The current Bid has not reached or exceeded the Seller's Reserve price for this Lot.
This Lot will not be sold until the current Bid has reached or exceeded the Seller's Reserve price for this Lot.
Next Bid Increment:
$ 110    
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Max. Proxy Bid:
(Proxy Bid)

Proxy Bid:

A Proxy bid is the maximum dollar amount you are willing to bid for a specific lot. The system automatically bids up to that amount on your behalf against competing bidders (if any).

EXAMPLE: You enter a "Max Proxy Bid" amount of $500 when the lot's reserve is met and the high bid is $100.  Your Proxy Bid automatically raises your bid to the next minimum bid amount, which in this example is $125, and thus makes you the current high bidder.  When a competing bidder bids $150, the system again automatically places a next increment bid of $175 for you, making you the high bidder again.  If a competing bidder bids again, proxy bidding continues until your "Max Proxy Bid" of $500 is exceeded by a bid from a competing bidder. If your high bid is not exceeded by the end of the Auction, then you win the lot.

ADVANTAGES: Should your schedule prevent you from participating near the closing of an Auction, your "Proxy Bid" quickly bids on your behalf.  Also, when your and a competing bidder's proxy bids are of equal amount ($500 in the example) at the end of the Auction, your bid wins, because you entered your $500 "Proxy Bid" amount first.

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# of Bids: 1    Refresh Graphic Refresh
End Time:
5 Days, 9 Hours, 26 Minutes
(3/27/2018  1:14pm EST)
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Brand/Model: RITTER "R-803 HD"
Year MFG: 1992
Serial #: 933
Elect./Voltage: 230 V, 60 Cy, 3 Ph.
Location: West Liberty, IA
Dimensions: 48" L  x  48" W  x  48" H
Weight: 628 Lbs (estimate)
Loading: $ 50 Loading fee
Comment: "Good" Condition machine at an "Excellent" price!

(2) Single spindle belt-driven heads, RH rotation; 2" center distance between the (2) spindles, 1 HP belt-drive motor on ea. head.

  Head adjusts via hand crank from 2" - 10" on inside spindle centers, 0" - 3" adjustable spindle stroke; 0" - 4" adjustable table height, 10" x 24" cast iron table size; 7/16" 14-screw shank, 3/4" max. bit cap.

 Complete with:

  Air operated overhead holddown clamp and foot pedal operated drill cycle.

Machine State: In storage, easily accessible
Inspection: Available for Inspection (By Appointment Only)

Final Removal Date: 4/11/2018

Note: Number of bids and bid amounts shown may vary slightly from real time.