📝 Description
A public auction is being held for scrap electric equipment containing copper admixtures, categorized as other property not classified as real estate. The starting bid for this lot is 135000 EUR. The scrap includes various electrical components such as electric motors, motor stators with windings, coils, and electrical units. The total estimated weight of the scrap metal is approximately 150 tons. Buyers should note that no quality guarantee is provided for this scrap metal. All terms of sale relating to the condition and removal of the assets are strictly defined, and the winning bidder confirms they are aware of all circumstances, including potential residual debris or construction material residue from dismantling work.
Registration for the auction is open from 2026-07-13 until 2026-07-17. The draft purchase agreement and general rules are publicly available on the organizer's website. The auction will commence on 2026-07-22 09:00:00 and conclude on 2026-07-23 13:59:59.
Asset inspection is scheduled on business days from 2026-07-07 to 2026-07-17, between 8:00 and 15:00 (with a lunch break from 11:30 to 12:00) at Elektrinės g. 34, Drūkšinių k., LT-31152, Visagino savivaldybė. Inspection times must be coordinated in advance with VĮ IAE darbuotojais.
To participate, a mandatory deposit of 14000 EUR must be paid into the VĮ IAE sąskaitą AB Swedbank account. The winner must pay the full amount within 5 business days of the auction closing. The winner bears all costs for retrieving the purchased assets, including loading and transportation using their own resources and transport. The asset weight will be determined using VĮ IAE turimomis automobilių svarstyklėmis (60 tonų arba 30 tonų). For every day the asset removal deadline is missed (the total withdrawal period is 30 calendar days after payment), a storage fee equal to 3 percent of the sale price (minimum 10 EUR) per day will apply.
Registration for the auction is open from 2026-07-13 until 2026-07-17. The draft purchase agreement and general rules are publicly available on the organizer's website. The auction will commence on 2026-07-22 09:00:00 and conclude on 2026-07-23 13:59:59.
Asset inspection is scheduled on business days from 2026-07-07 to 2026-07-17, between 8:00 and 15:00 (with a lunch break from 11:30 to 12:00) at Elektrinės g. 34, Drūkšinių k., LT-31152, Visagino savivaldybė. Inspection times must be coordinated in advance with VĮ IAE darbuotojais.
To participate, a mandatory deposit of 14000 EUR must be paid into the VĮ IAE sąskaitą AB Swedbank account. The winner must pay the full amount within 5 business days of the auction closing. The winner bears all costs for retrieving the purchased assets, including loading and transportation using their own resources and transport. The asset weight will be determined using VĮ IAE turimomis automobilių svarstyklėmis (60 tonų arba 30 tonų). For every day the asset removal deadline is missed (the total withdrawal period is 30 calendar days after payment), a storage fee equal to 3 percent of the sale price (minimum 10 EUR) per day will apply.
❓ Frequently asked questions
What is the starting price for the electric equipment scrap and when is the auction held?
The starting price is 135000 EUR. The auction begins on 2026-07-22 09:00:00 and ends on 2026-07-23 13:59:59.
What is the final deadline for auction registration and what is the required deposit?
Registration closes on 2026-07-17 23:59:59. The mandatory deposit required is 14000 EUR.
Where and when can the sold scrap metal be inspected?
Inspection takes place on business days from 2026-07-07 to 2026-07-17 at Elektrinės g. 34, Drūkšinių k., Visagino savivaldybė. The time must be scheduled in advance.
What are the main conditions for asset collection and removal?
The winner must pay within 5 business days and remove the assets within 30 calendar days following payment. All removal, loading, and transport costs are the responsibility of the Winner.
What penalties apply if the Successful Bidder misses the asset collection deadline?
For every day the removal deadline is missed, the Winner pays a storage fee of 3 percent of the sale price (no less than 10 EUR) per day.
What does the sold asset include, and is there a quality guarantee?
The asset includes electric motors, stators with windings, coils, and electrical units. No quality guarantee is provided for the scrap metal.