Government Liquidation aka Liquidation Services had those fees at auction of Square D in Peru Indiana about 2 weeks ago (actually higher fees). Their pictures showed tools and parts in boxes, but 99.9% of the people could not preview anything. I found that I was banned from bidding because about last october I bid on, won and paid for a $12 item that was at Bloomington IU, then my 95 year old dad got ill and had several long hospital stays...and I could not pick up the item. I called multiple times to the IU contact and he understood, said "no problem". I believed they would keep my money as "liqidated damages". I found out one day befor the Square D auction (where I used to work in engineering) that there was an additional fee of $4 that had to be paid by a certified check sent by mail. It cut me out of the auction all together...AND I AM SO GLAD IT DID.
Because of former connections, my friend and I got a private showing (he was not banned like me because of a $4 fee). We went through 2 plants and found that some large items, like 40 cabinets full of tooling and parts were not listed in the sale bill but had auction numbers on them. Many big ticket items were entirely missing in the sales literature (on line ). It looked like the "Liquidity Services" was stealing this stuff to our Square D management. Our friend made an issue with Liquidity and several of the items were put onto the final auction. My associate went to $16,000 on the cabinets and lost them....so someone knew what was inside...not visible in photo's. Another friend bought some of the individual cabinets that were shown full of tools.
When friend 2 got there (after paying in full of course), the cabinets were empty. So were some of the boxes that showed tooling. Mad as H he contacted Liquidity and was simply told tough crap...that the pictures were showing only the cabinet and did not include the tools....yet all the items (except the ones not listed in the sale) showed drawers, open, full of tooling. The descriptions were notably missing any breakdown of what you were bidding on.
This was a HUGE deception (18% + 7 tax = +25%), so while you remember the fond days of Government Liquidation, don't in any way shape or form think that Liquidity Servvices is more honest than Richie Brothers....they are not and I'm so glad that $4 kept me from bidding....a blessing in disguise.
