Titletown Auction Company has announced the next phase of the court-authorized liquidation of Newcap, Inc.’s non-real-estate assets, with two separate online auctions planned for the Newcap facility located at 1201 Main St., Oconto.
The first auction will feature the contents of the warehouse and is online now and open for bidding. The auction includes a wide variety of tools, building supplies, HVAC equipment, a forklift, a 2016 Subaru Forester, freezers, and other equipment and operational assets.
The warehouse auction will begin closing Aug. 25, at 6 p.m., with one lot closing every 20 seconds thereafter. Customer pickup will take place the following day, Aug. 26, at the Oconto location.
A second auction will feature the contents of Newcap’s office and clinic at the same Oconto facility. That auction will open for online bidding following the conclusion of the warehouse auction and is scheduled to close on Sept. 15. Additional details and the complete catalog for the office and clinic auction will be posted when bidding opens.
Bidding is open to the public and takes place exclusively online through Titletown Auction Company’s website. Every lot opens with a $2 starting bid and will sell to the highest bidder regardless of price, with no reserve.
A 15% buyer’s fee and applicable 5.5% Wisconsin sales tax will be added to all purchases.
Auction catalogs, photos, bidding information, and updates are available at www.titletownauctions.com.
