NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2020 Dec 10 @ 11:00UTC-4 : AST/EDT
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1060 Main Street, Suite 202, River Edge, NJ 07661
The auction will take place on December 9 & 10th, 2020. It will be a live Internet - Phone Bidding - Absentee Bidding auction
Delaware, 1942. $25 Specimen 4.5% Convertible Sinking Fund Debenture Bond, Black text with yellow border and background. Red specimen overprints, POCs, VF condition, HBN. Cornell-Dubilier Electric Corporation has been manufacturing capacitors for more than a century - 109 years as of this writing to be more precise. That is utterly amazing, especially since they still use the name of the company founder, William Dubilier. In 1933, they merged with Cornell Radio to form Cornell Dubilier Electronics (CDE). If you have been in the electronics field for a while, you no doubt have heard of their capacitors. In fact, William Dubilier was the inventor of mica-based capacitors. According to this obituary in a 1969 issue of Radio-Electronics magazine (he died on July 25, 1969), Mr. Dubilier held 600 patents. I found a newspaper obit that claims Dubilier was offered, but did not accept, a knighthood and pension for life by the British as a reward for inventing a submarine detection device used in World War I by the French and British governments. Mr. Dubilier also invented an electronic flash tube, several radio broadcast systems, and such diverse items as nylon window screens to one of his last developments, in 1966, a sinus-congestion mask.
Auction Location:
1060 Main Street, Suite 202, River Edge, New Jersey, 07661, United States
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CONDITIONS OF SALE
THE PLACING OF A BID SHALL CONSTITUTE ACCEPTANCE OF THESE CONDITIONS OF SALE
BIDDING
1. Unless announced otherwise by the auctioneer, all bids are per lot, as numbered in the printed Catalogue. Archives International Auctions, as agent for the consignor or vendor, shall regulate the bidding and shall determine the manner in which the bidding shall be conducted. Archives International Auctions reserves the right to withdraw any lot prior to sale (without liability to any potential purchaser or agent), to re-offer any withdrawn lot, to divide a lot or to group two or more lots belonging to the same consignor or vendor, and to refuse any bid believed not made in good faith. Estimates of sales prices contained in the printed Catalogue reflect the best judgment of Archives International Auctions and are not minimum or upset prices.
2. (a) Bids shall be made in the steps set forth in paragraph 12.
(b) The highest bid acknowledged by the auctioneer shall prevail. Should a dispute arise between bidders (including a dispute between a floor bidder and the auctioneer acting on behalf of a mail bidder, consignor or vendor), the auctioneer alone shall determine who the successful bidder is and whether to reoffer the lot in dispute. Should a dispute arise after the sale, the auctioneer's sale records shall be conclusive. On all lots sold, a commission of 20% on the hammer price is payable by the buyer to the auctioneer (22% for Archives International Live Internet bidders and 25% for Invaluable-eBayLive-AuctionZipbidders).
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(b) Each lot is sold as genuine and correctly described, based on individual description as modified by any specific notations in this Catalogue.
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SALES TAX
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APPLICABLE LAW, JURISDICTION, ETC.
9. All matters arising out of this auction shall be governed by the laws of the State of New Jersey without giving effect to the choice of law principles thereof.
ARBITRATION
10. Any controversy or claim arising out of or relating to this auction shall be settled by arbitration in the City of New York, State of New York in accordance with the Rules of the American Arbitration Association and judgment upon the award rendered by the Arbitrator or Arbitrators may be entered in any Court having jurisdiction.
JURISDICTION AND VENUE OF ACTIONS
11. The purchaser at this auction (a) consents and submits to the jurisdiction of the Courts of the State of New Jersey or New York and of the Courts of the United States for a judicial district within the territorial limits of the State of New Jersey for all matters arising out of this auction sale, including, without limitation, any action or proceeding instituted for the enforcement of any right, remedy, obligation and liability arising under or by reason thereof; and (b) consents and submits to the venue of such action or proceeding in the City of Hackensack, County of Bergen, State of New Jersey (or such judicial district of a Court of the United States as shall include the same, and (c) further consents that service of process in any action relating thereto may be effected by registered mail, return receipt requested address to the purchase at the address given to the auctioneer at the time of the sale.
BIDDING STEPS
12. Bidding Steps shall be as follows:
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BIDS BY TELEPHONE
(a) Must be confirmed in writing unless waived by the auctioneer.
(b) Any errors are the responsibility of the bidder.
(c) No bids accepted less than 1 hour before the commencement of the sale.
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PHONE BIDDING DURING THE SALE
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