Auction Detail

1983 Ferrari 308GTS Targa

By Order of the United States Bankruptcy Court

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Brief Description

1983 Ferrari 308GTS Targa

Bidding Closes: Thursday June 14th @ 2:00P.M. EST

Auction Schedule

Online Bidding Only

Began: Tuesday, May 29, 2018 at 4:00 PM EDT

Ended: Thursday, June 14, 2018 at 2:00 PM EDT

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Details

Online Only Public Auction

By Order of the United States Bankruptcy Court, District of Connecticut

Chapter 7 Bankruptcy, Ronald Chorches Trustee.

Case No. 17-50267

1983 Ferrari 308GTS Targa

Bidding Closes: Thursday June 14th @ 2:00P.M. EST

Inspection: by Appointment Only

                

FEATURED ITEMS

-         1983 Ferrari 308GTS 2 Door Targa Coupe

VIN: ZFFMA13A6D0047629

Red                   

Tan Interior (Not Original)

87,760 Miles On The Odometer

 

-         The engine compartment appears to be unrestored and unmodified. It shows some dirt and oxidation consistent with the car's age and mileage. Car is missing the cap on the brake fluid & coolant reservoir.

-         The chassis shows no significant damage, only typical patina and surface rust consistent with the car's age and mileage. Exhaust components are in good condition showing typical surface corrosion. There is evidence of fluid leaks from the engine and transmission showing as grime on the rear suspension components.  The wheels show oxidation but seem to be   free of damage.   The bumpers show no damage but the finish is consistent with the car's age and mileage.

-         The overall condition of the interior is best described as fair. Door panels, carpet and dash are in good condition and free of damage. The seats are not original to the car, and the head rests were dyed to match the seats at some time but the dye has flaked off leaving the parts looking poor. The headliner fabric is dirty with multiple areas showing water stains and some tears and worn spots. The instruments are clear and appear to operate correctly. Door lock on passenger side do not work correctly

-         The paint is in generally fair condition, but is dull after long term storage. The finish shows some wear and chips typical of a regularly driven car. There are numerous chips on the mirrors, the front bumper and the leading edge of the trunk lid. The paint on the trunk lid does not match as is evident in the photos, indicating refinishing sometime in the car's history. There are a few small rust bubbles showing on the lower left front fender behind the wheel.

EQUIPMENT LOCATION

Warehouse / Storage :

36 Killingworth Turnpike

Clinton, CT 06413

AUCTION TYPE

Online Only Sale WWW. BIDSPOTTER.COM or HAMILTON-GRP.COM

 

RIGGING & SHIPPING

 

Local Pick-Up: REMOVAL IS by Monday June 25, 2018   By Appointment Only.

 

The successful bidder shall be fully responsible for removing all items purchase after full payment thereof. No items can be removed from the site without full payment. Any vehicle or trailer that is purchased must be towed from the site unless the successful bidder has a dealer plate or can show proof of a valid vehicle registration.

 

 

PROJECT SPECIFIC TERMS & CONDITIONS

Buyer's Premium: 10% buyer's premium.  
Payment Due In Full: By Tuesday 6/19/18 by 3:00P.M.

Payment Types: Bank check, or wire transfer payable to “Ronald I. Chorches, Trustee”. A credit card may be required to verify the bidder’s identity when registering on www.bidspoter.com but cannot be used to pay for the vehicle

PICKUP OF ASSETS: Bidders are responsible for their own removal. Any item NOT picked up by the set time will be considered abandoned. Removal shall be at the expense, liability, and risk of the purchaser. Purchases will be released upon presentation of a paid email receipt. Please insure that movers or anyone picking up items on your behalf have your paid receipt at the pickup location no items will be released without a paid email receipt. Bidder further agrees to be held personally responsible for all purchases made on their bidder number, and agrees that bidder will not charge back items which are not picked up during the published removal times. Buyer authorizes Hamilton Group / Robert Glass Auctions to release buyer's assets to any individual in possession of the buyer's sales receipt.

 

Primary Images

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Gallery: Ferrari Photos

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Auction Terms

Your bid is a contract: Place a bid only if you are serious about buying the item. If you are the high bidder, you will enter into a legally binding contract with The Hamilton Group, LLC. All bids are in US dollars. The sale is being By Order Of The United State Chapter 7 Bankruptcy Case No. 17-50267

A Buyers Premium of 10% buyer's premium. 

Local Pick-Up,.

REMOVAL:  By Appointment Only  Through Tuesday June 12, 2018   .

TERMS AND CONDITIONS OF THE AUCTION

By registering to bid or placing a bid, you agree to be bound by all of these terms & conditions and any other announced terms and conditions of sale or rules of the site.  All internet bidders agree that bids placed on the internet shall have the same legal effect as if they were in attendance at the auction in person.  ASK QUESTIONS BEFORE YOU BID.  THERE ARE NO REFUNDS AND NO RETURNS!!!

The Trustee shall have the discretion to accept or reject any bids. If the successful bidder for fails to conclude the sale for any reason, the Trustee shall be authorized to proceed to the next highest bid and close with that bidder.  All Items are subject to reserve.  There is no guarantee to roadworthiness or the mechanical condition of the car.

1.           All persons attending the exhibition, sale or removal of merchandise assume all risks of damage to person or property and specifically release and indemnify The Hamilton Group, LLC, from any liability.  

2.           All property is sold “AS IS”, and ALL SALES ARE FINAL.  Property is open to thorough public inspection.  It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor.  The Hamilton Group, LLC may attempt to describe the merchandise in advertising, on the internet and at the auction but makes no representations.  In no event shall The Hamilton Group, LLC be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose.  If you have any questions about the merchandise, ASK THEM BEFORE BIDDING.  Bidder shall be the sole judge of value.

3.           All internet Bidders agree to pay a buyer’s premium equal to ten percent  (10%) of the hammer price of each item they purchase.  If the hammer price of an item is $100.00, the buyer’s premium will be $10.00 for a total purchase price of $110.00.  Under state law, sales tax will be collected on this amount, unless you have a valid reseller’s tax exemption for the type of merchandise you are buying or it is a vehicle or trailer that tax will be collected at time of registration. Payment Due In Full: By 6/12/18 unless other arrangements have been made.  No Credit Cards Will Be Accepted For Final Payment.

4.           Bidders who bid online understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person.  It is the Bidder’s responsibility to determine condition, age, genuineness, value or any other determinative factor.  The Hamilton Group, LLC shall endeavor to describe in detail each item and any pertinent information about it.  The Hamilton Group, LLC will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself.  Bidder agrees that everything is sold as is and that they may not return any item they purchase for any reason accept an intentional and material misrepresentation of the item itself made by The Hamilton Group, LLC.  Bidder’s sole remedy in the event of an intentional and material misrepresentation of an item shall be to return the item, at their expense and in the same condition it was shipped to them.  If The Hamilton Group, LLC agrees that the item was materially and intentionally misrepresented The Hamilton Group, LLC will refund the Bidder’s purchase price to him/her.  Bidder agrees that under no circumstances whatsoever will The Hamilton Group, LLC ever be liable to any bidder for an amount greater than the purchase price of the item they purchased.

5.           The Hamilton Group, LLC is providing internet bidding as a service to Bidder.  Bidder acknowledges and understands that this service may or may not function correctly the day of the auction.  Under no circumstances shall Bidder have any kind of claim against The Hamilton Group, LLC or anyone else if the internet service fails to work correctly before or during the auction.  The Hamilton Group, LLC will not be responsible for any missed bids from any source.  The Hamilton Group, LLC reserves the right to withdraw or re-catalog items in this auction.

6.      The auctioneer shall advance the bidding at his own discretions or by the trustee or lien holder.  The Hamilton Group, LLC may withdraw any item before or during the auction or before payment in full is made or pickup.  Should a tie or a dispute arise between two bidders, the auctioneer may, at his discretion, reopen the bidding until the property is sold.  From time to time The Hamilton Group, LLC may accept items with reserves prices.  The Hamilton Group, LLC reserves the right to bid on behalf of the owner on items on which there may be a reserve.  The record of the auction made by The Hamilton Group, LLC shall be conclusive.

7.           Everything MUST be paid for in full at by 6/12/18.  We accept Bank Checks, Wire Transfers, or Cash. Unless exempted by law, the purchaser shall pay all applicable taxes.  Bidder agrees to indemnify The Hamilton Group, LLC against any claim if sales tax is not collected on Bidder’s purchases.  Bidder agrees to not stop payment on any check paid to The Hamilton Group, LLC. Title to the merchandise transfers to Bidder only when Bidder’s payment has been honored and pickup made.

8.           All property shall be removed from the premises by the Bidder at her/his own risk and expense within the time period announced.  ALL MERCHANDISE PURCHASED AT THIS AUCTION MUST BE REMOVED BY June 12th, 2017 BY 3:00 UNLESS SPECIAL ARRANGEMENTS HAVE BEEN MADE WITH The Hamilton Group, LLC.  ITEMS NOT REMOVED BY THIS TIME WILL BE FORFEITED AND YOU WIL STILL BE LIABLE FOR THE CHARGES.  Internet bidders should arrange to pick up their purchases within this time.  Any merchandise not removed by bidder will be forfeited.  Bidder shall have no claim to merchandise not removed by the above date.

9.           Bidder agrees that this agreement shall be governed by the laws of the state of Connecticut and hereby grants sole jurisdiction and agrees to submit to the personal jurisdiction and venue of a court of subject matter jurisdiction located in Middlesex county in the state of Connecticut.  Bidder agrees and grants that service of process on them may be obtained by mailing a certified letter, containing a summons, postage prepaid, to them at the address they provided to register.  Should a dispute arise between The Hamilton Group, LLC and Bidder, Bidder waives any right to a trial or hearing in a court of law and agrees to settle the dispute through binding arbitration in Middlesex County, Connecticut.

10.        The Hamilton Group, LLC may refuse a buyer’s number to anyone for any reason.  Bidder agrees to provide any identification The Hamilton Group, LLC may request including but not limited to: driver’s license, photocopies of credit cards.  Bidder agrees to comply with any stated additional terms or conditions associated with particular items.

11.        We want you to be happy with your purchases.  If you have questions about the merchandise, the time to ask questions is well in advance of the live auction.  No returns are allowed.  By registering for this auction, you have been added to our free emailed Auction Updated.  Each email includes a link to un-subscribe.  Please do not report our emails as spam.  Thank you for your patronage.

12. Photos Should Be Used As Examples Only; Pieces May Have Cosmetic Defects Not Shown.  Please Inspect.

13. Any Dispute In Bidding Will Be Settled by the auctioneers sole discretion.

14. The Trustee intends to sell the vehicle without any representations or warranties, express or implied, including, without limitation, representations of marketability, condition, and/or fitness for any particular purpose. The vehicle is being sold subject to any and all encumbrances and liens, whether or not these liens are known to the Trustee. The Trustee intends to sell the vehicles “as is, where is”.

 

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