top of page

Sealed Bid Auction

Pallet Racking • Material Handling • Warehouse Equipment • Office Furniture
Surplus to the Ongoing Operations of Racconto Italian Foods, Wheeling, Illinois

Auction Details

Auction Date and Time

Best and Final Bids due by

Monday, July 7, 5pm CT

Type of Auction

HyperAMS, LLC will be conducting a sealed bid auction for the surplus assets from the ongoing operations of Racconto Italian Foods, located in Wheeling, Illinois.

 

All best and final offers must be submitted by email to Seth Parker at sparker@hyperams.com by Monday, July 7, at 5pm CT.

Following the bid deadline, successful high bidders will be notified promptly.

 

Please Note

  • All assets are sold “as is, where is.” No guarantees or warranties.

  • Payment must be made within 48 hours of bid acceptance.

  • An 18% buyer’s premium will be applied to all purchases.

  • Credit Card payments will be limited to $1,500 or less.

  • Unless other arrangements have been made and agreed upon, all lots must be removed no later than Monday, July 14th.

  • Asset removal will be by appointment only.

  • Removal appointment must be made within 3 days after bid acceptance.

  • A valid certificate of insurance, naming the required additional insured parties, must be provided prior to removal if powered equipment (e.g., forklifts) will be used.

For questions or to schedule an inspection, please contact Seth Parker directly.

 

Auction Contact

Seth Parker, Director of Auction Services

sparker@hyperams.com

847-609–1922

 

Asset Location

100 Shepard Ave.

Wheeling, IL 60090

Sealed Bid Facts

A sealed bid is a type of auction where all participants submit their bids confidentially, and no bidder knows what others have offered. Once the deadline passes, the bids are opened—usually all at once—and evaluated.

 

Key Features of a Sealed Bid

  • Private Submission: Each bidder submits their offer in writing (physically or digitally), sealed from competitors.

  • No Knowledge of Competing Bids: Bidders cannot adjust their bids based on others.

  • One Shot: There's no negotiation or second chance—what you submit is final.

  • Winner Selection: The winner is the highest bidder.

Photos
Sign Up for Auction Updates

980 Carnegie Street

Rolling Meadows, IL 60008

info@hyperams.com

Tell Us How We're Doing
Google-Review.png

Memberships and Affiliations

ASA-Logo-White.png

​© Copyright HYPERAMS, LLC

bottom of page