A Sealed Bid Sale means that no one knows what anyone else is bidding. Each bidder places a private bid based on their own assessment of the asset.
No warranties, expressed or implied, by Cooper Capital Specialty Salvage, LLC, are made as to the condition of any asset offered and no adjustments will be made once the asset has left the storage facility.
Midnight, eastern standard time, on the date indicated.
Bids are accepted through midnight, eastern time on the date indicated. You receive a confirmation email of the bid that you placed. The bid can also be seen in ‘My Salvage’. Your bid will remain on record until the bidding ends.
Bidding has ended and no additional bids are being accepted at this time. Bids are reviewed by Cooper Capital Specialty Salvage, LLC to determine the winning bidder or if the bid period should be extended.
A winning bid has been accepted. The bidder has been notified and we are awaiting payment. No further bidding is accepted.
In order to take part in our on-line bidding process, you must register your contact information. There is no fee to register with Cooper Capital Specialty Salvage, LLC.
No. No deposit is required to register or place a bid.
You must be registered on our website to place a bid. Follow the login instructions.
The minimum bid amount is an amount placed on an asset to serve as a guide for novice bidders. Most assets bring considerably more than the minimum bid and the minimum bid amount does not obligate Cooper Capital Specialty Salvage, LLC to sell the asset.
The minimum bid amount does NOT reflect the current bid.
You cannot place a bid below a minimum. If you have questions, please email email@example.com.
No. These facilities are contracted for storage purposes only. They are not to provide information regarding the previous or current condition of the asset. Contact Cooper Capital Specialty Salvage, LLC for any and all questions.
You must obtain a waiver form from Cooper Capital Specialty Salvage, LLC. This form is available on every asset on the website. Should the form not be available, please contact us either by email (firstname.lastname@example.org), or by calling (860) 395-4745. The waiver form must be completed and transmitted back to Cooper Capital Specialty Salvage, LLC and must be presented to the storage facility in order to personally inspect an asset.
Due to insurance regulations and safety liability at our storage faclities, no work of any kind may be performed by a potential bidder. Cooper Capital Specialty Salvage, LLC performs mitigating work deemed necessary prior to placing an asset out to bid.
The winning bidder will be notified by email.
We DO NOT accept credit cards. At this time we accept wire transfer only. The instructions will be provided to you in the Bid Award Terms and Conditions.
If a trailer is included, it will be listed with a separate set of specifications under "trailer information". Please look carefully for "NO TRAILER" as most of our assets are NOT sold with a trailer.
This is not an absolute auction. We retain the right to accept or reject any and all bids. Please review "What is the minimum bid amount," above.
Rarely does a bid deadline change. At times, we are forced to amend a bid deadline date. We reserve the right to re-list an asset if additional information is obtained.
If the vessel is sold in a title state, you will receive a title. If it is a registration state, you will receive a registration and a Bill of Sale. If it is documented with the United States Coast Guard, you will receive a USCG Bill of Sale and a Certificate of Documentation. Please note that all selling paperwork is made out in the name and address of the registered bidder. No exceptions are made.
All documents requiring signatures must be received at Cooper Capital Specialty Salvage, LLC. In some cases, the paperwork could be delayed and we reserve the right to have 90-120 days from the date of sale to get the paperwork to you.
Caveat emptor is Latin for "let the buyer beware." Make your own assessments of all assets prior to engaging in the bidding process.
A survey is proprietary information. It is owned by the insurance company and not available to the public. Our descriptions are based on the survey.
Are you interested in a salvage asset? If so, you can register to bid on our website. We allow dealers, individuals, old, young, tall and short. There are no restrictions. Make sure to sign up for our email blast to receive auction updates and special offers. Also, be sure to add cooperss.com to your approved sender list.
No. Bidding is open to all who follow the Terms and Conditions.