pocket guide - Mecum Auctions

’S
BUYER
POCKET GUIDE
- 2015-
BECOME A BIDDER
HOW TO
PRE-REGISTER
1.
2.
3.
4.
FILL OUT THE BIDDER REGISTRATION FORM
by the deadline stated on the auction-specific form.
Register online or print form to fax or mail.
PAY REGISTRATION FEE of $100 (or $500 for Gold
Membership) by credit card or check. Provide credit card
information on the Bidder Registration Form or mail check
to address shown below.
SUBMIT A COPY OF REGISTRANT’S DRIVER’S LICENSE
by email, fax or mail. Email, mailing address and fax
number shown below.
PROVIDE A FORM OF DEPOSIT
Option 1: An “authorization only” hold for $500 placed
on the provided credit card (debit cards are not accepted).
Credit card holds are never charged and will drop from
a statement by the following billing cycle.
Option 2: Provide an original bank letter of guarantee
that matches Mecum’s sample letter exactly.
See sample letter online with bidder form.
5.
6.
RECEIVE TWO COMPLIMENTARY admission tickets in
the mail prior to the auction.
REPORT TO THE BIDDER REGISTRATION BOOTH on-site
and pick up credentials. Credentials act as admission
pass for the remainder of the auction.
FIND AND SUBMIT FORM ONLINE
AT WWW.MECUM.COM
*Incomplete registrations or registrations
received after the deadline will not
qualify for Pre-Registration. Forms
received that do not qualify for
Pre-Registration will be available for
completion at the Bidder Registration
area of the auction.
or email
bidding@mecum.com
or fax
(262) 275-3424
or mail
Mecum Auctions
445 South Main St.
Walworth, WI 53184
GOLD MEMBERSHIP
PERKS
Gold Bidder Registration is $500 and valid for 1 year
AUTOMATIC AUCTION REGISTRATION
No pre-registration, no bank letter and no deposit.*
COMPLIMENTARY AUCTION ADMISSION
The Gold Membership Card acts as an admission pass for the
bidder and one guest at each auction.**
EASY PICK-UP OF BADGES
While at the auction, simply visit the Gold Membership desk
within the Bidder Registration area to swipe Gold Card and
receive badges. Gold members can purchase additional guest
badges on-site. A Gold guest badge is $100; a Standard guest
badge is $50.
SPECIAL SEATING
Special seating for Gold Member Bidders and their guests
designated by “Gold Members Only” signs.
SPECIAL MAILINGS
Inclusion on Mecum’s preferred mailing list and a complimentary
subscription to the Mecum Monthly Magazine.
NOTES:
* Absentee bidding deposits will apply as outlined in the Absentee
Bidder Registration Forms. (The $100 registration fee is waived.)
**The Bloomington Gold auction requires a separate admission ticket for each person.
HOW TO
REGISTER ON-SITE
1.
2.
3.
4.
FILL OUT THE BIDDER REGISTRATION FORM
at the auction or print one in advance from
www.Mecum.com.
PAY REGISTRATION FEE of $100 (or $500 for Gold
Membership) by credit card, cash or check. Provide credit
card information on the Bidder Registration Form.
PROVIDE A DRIVER’S LICENSE
A copy will be made by a Mecum Staff member.
PROVIDE A FORM OF DEPOSIT
Option 1: An “authorization only” hold for $500 placed
on the provided credit card (debit cards are not accepted).
Credit card holds are never charged and will drop from
a statement by the following billing cycle.
Option 2: Provide a $500 cash deposit collected on-site.
Option 3: Provide an original bank letter of guarantee
that matches Mecum’s sample letter exactly.
See sample letter online with bidder form.
HOW TO BID VIA TELEPHONE
Absentee bidding is a convenient way to bid on vehicles at Mecum
auctions when attendance at the event is not an option. It is not
for everyone. Collector cars can be a high-dollar investment.
Experienced collectors typically have an agent on-site to inspect
vehicles of interest, or at a minimum, have researched the vehicle’s
history and condition in advance of the auction. Absentee bidding
is generally preferred for experienced auction bidders.
Absentee Registration closes at noon the Friday of the auction.
All forms and deposits must be received by Mecum at that time
in order to qualify as an absentee bidder.
1.
2.
3.
FILL OUT THE TELEPHONE BIDDER FORM
4.
WAIT FOR THE CALL Absentee bidders will indicate the
5.
PAY FOR PURCHASES Absentee bidders must pay no
for selected auction. Register online at www.Mecum.com
or print form to fax or mail.
PAY REGISTRATION FEE of $100 by credit card or check.
Provide credit card information on the Telephone Registration
Form. (Existing Gold Members will not be charged this fee.)
PROVIDE A DEPOSIT of no less than 20% of the maximum
dollar amount to be spent. Foreign buyers will be required
to deposit a minimum of $10,000. Deposits must be
received prior to bidding. If a winning bid is not made, the
deposit will be returned in the form of a company check
within 30 business days after the conclusion of the auction.
Deposit options: Wire Transfer or check (personal or
business check) – Checks must be received by Mecum 72
hours in advance of the auction start date.
vehicles they are interested in on the bidder registration
form. Once the receipt of the 20% deposit is confirmed,
a Mecum representative will call the bidder when those
lots are crossing the block and assist them in the bidding
process. If an absentee bidder does not wish to be on the
phone in order to bid, they may provide a maximum bid
and a Mecum representative can Proxy bid in their place
up to that maximum amount stated.
later than the first business day after their purchase (due
to banks being closed on weekends). Wire Transfer
($100 processing fee applies), personal or company check
and Certified Funds are accepted forms of payment
Special Buyer’s Premiums apply for Absentee Bidders.
See Telephone Bidder Form online for details.
BUYING A VEHICLE
STEP BY STEP
1.
2.
WIN THE BID Sign the block ticket presented by the block
clerk and keep the yellow copy.
CHECK-IN AT THE AUCTION SETTLEMENT OFFICE within
one hour of the sale to review the invoice with a Mecum
staff member. Buyers who plan to make several purchases
may opt to write one check for all purchases, in which
case a check must be put on hold in the Auction Office.
This allows Mecum to pay the sellers while buyers
continue to enjoy the auction.
• Purchases may be paid for with cash, a personal
or business check (U.S. bank checks only; must have immediate available funds), certified funds or a wire transfer (credit cards are not accepted; there is a $100 processing fee for a wire payment).
• Upon payment, a paid-in-full receipt will be issued and
the Mecum representative will then review and verify the Bill of Sale.
• The Bill of Sale contains crucial information that must be 100% accurate. The address provided must reflect the city and state that the car will be registered in (this is also the address that will appear on the title). The title will be assigned ONLY to the registered bidder who won the bid.
• Documents will be placed in a provided folder along with any literature that accompanies the car.
• A Gate Pass will then be issued which allows the buyer to drive, or have the car transported, out of the gate
at will. If paid by wire, possession of the car and Bill of Sale
are not transferred to the buyer until confirmation of funds is received. Any other form of payment allows the buyer to take immediate possession.
3.
SIGN FOR THE TITLE Titles will be sent out 14 business
4.
PAY SALES TAX The state where the auction is held
5.
days after the conclusion of the auction by UPS secondday air and will require a delivery signature confirmation.
If the car is purchased by an individual or on behalf of a
business (not a dealer), it must be registered and titled in
the buyer’s name once it is received.
determines when this step takes place. Some states
require sales tax be paid to Mecum Auctions at the time
of purchase, while others require it be paid at the time
of vehicle registration.
ENJOY YOUR NEW VEHICLE
TIMED
ONLINE AUCTION
Mecum is proud to present its newest form of bidding: Timed
Online Auctions. With the opportunity to conveniently
bid directly from a computer, handheld or mobile device,
Mecum On The Clock provides customers with an additional
bidding platform. OTC items will be available for viewing at
OnTheClock.mecum.com prior to the start of the auction. On
the specified date, the clock will begin counting down. When the
clock hits zero on an item, it will be SOLD to the highest bidder.
HOW TO BID
1. REGISTER TO BID
2. BROWSE ITEMS
3. PLACE A ONE-TIME BID – OR – A PRIVATE MAXIMUM BID
at OnTheClock.mecum.com.
or use the “search” feature to find
something specific.
One-time bids: An email notification will be sent if outbid.
Maximum bids: The system will automatically bid, entering
the lowest bid possible up to and including the maximum
bid entered. An email notification will be sent if outbid.
4.
5.
6.
Once the closing process begins, one item will close
every few minutes.
An email notification will be sent to the winning bidder
of each item.
Items will be shipped to the address provided if not
picked up within 24 hours.
ON THE CLOCK AUCTION TYPES
NO RESERVE (GREEN BOX)
A green box around the lot number indicates “No Reserve.”
This means regardless of the dollar amount reached, the lot will
be sold to the highest bidder. After a bid has been placed on a
“No Reserve” lot, red text stating that the item is “Selling!” will
appear above the blue “Asking Bid” oval at the bottom of the lot
screen. Opening bid on all “No Reserve” lots is $10.
STARTING BID (BLUE BOX)
A blue box around the lot number indicates a “Starting Bid.”
This means the starting bid is the reserve price. If a bid is placed
on a “Starting Bid” lot, red text stating that the item is “Selling!”
will appear above the blue “Asking Bid” oval at the bottom of
the lot screen and it will be sold to the highest bidder.
RESERVE (RED BOX)
A red box around the lot number indicates “Reserve.” This
means a hidden reserve has been placed on the lot, which will
not sell until a bid that meets or exceeds the reserve is made.
If a bid is made and it is below the reserve on a “Reserve” lot,
red text stating “Reserve not met!” will appear above the blue
“Asking Bid” oval at the bottom of the lot screen. If a bid has
been placed that meets or exceeds the reserve, red text stating
that the item is “Selling!” will appear above the blue “Asking
Bid” oval at the bottom of the lot screen and it will be sold to
the highest bidder.
SPECIAL FEATURES
• Once registered, use the same email address & password
for all current and future OTC auctions
• “Watch List” for items bid on & items interested in
• “Won” tab for viewing won items
• If a bid is placed in the last 5 seconds of the auction, an additional 5 seconds will be added until there are no further bids
FAQ’S
REGISTRATION
I wish to register to bid; do I need a letter from my bank in order to
write a check? No. A bank letter is simply one form of acceptable
deposit; the most common deposit is a $500 authorizationonly hold on a credit card. This authorization is a reserve on
the credit line, not an actual payment and simply qualifies a
registrant as a bidder. The $500 reserve may remain on the
credit card until the next billing statement. This deposit allows
a bidder to write a personal or company check without a bank
letter.
What is the advantage of the $100 registration fee versus the
general admission fee? General admission is per person per day.
Registered bidders are provided with bidder credentials that
allow unlimited attendance to the auction grounds for all
days of the event. Registered bidders are allowed one guest to
accompany them upon entry to the auction without charge.
As a registered bidder, the registered individual and a guest
can avoid the general admission entry fees and have better
seating right in the auction arena – and with a bidder number,
a participant can bid on any items that are crossing the auction
block.
STANDARD BIDDER
I wish to bring a cashier’s check but what happens if I don’t spend
the full amount? At the time of settlement, Mecum Auctions will
write a check for the difference.
The pre-registration deadline has passed, can I still register? Yes.
Print and sign the registration form; then pay the registration
fee and deposit on-site. Please refer to the chart online at
Mecum.com.
Does the $100 bidder registration fee apply to the entire auction,
or is it a per-day fee? The $100 bidder registration fee applies to
the entire auction – it is only paid once per auction.
GOLD BIDDER MEMBERSHIP
As a Gold Member do I need to register for each auction? Gold
Members are always considered registered. Simply bring the
Gold Card and present it for entrance to the auction and then
swipe it at the bidder desk to receive badges.
Is my Gold Membership still active? Gold Memberships expire
on the date listed on the front of the Gold Card. If there is no
expiration date listed, contact bidding@mecum.com or
262-275-5050.
What if I lose my Gold Card? Replacement cards can be
purchased during non-auction weeks through the home office
for a replacement fee of $25. Contact bidding@mecum.com or
262-275-5050.
As a Gold Member how do I register as a Telephone Bidder? As a
Gold Member, the registration fee is not charged. A Telephone
Absentee Registration form still needs to be completed along
with the necessary deposit. For more information on registering
as an absentee bidder, please review our absentee registration
information located online at Mecum.com, or refer to the front
of this guide.
AT THE AUCTION
I paid $20 at the door, can that amount be refunded or applied
to my bidder registration fee if I apply on-site? No. Bidders must
meet the pre-registration deadline to receive advance tickets and
bypass the initial general admission fee.
Can I get green sheets for each day of the auction? Green sheets, or
line-lists, are printed for individual days and made available
each morning. Visit mecum.com to print line-lists of all lots.
Do you have a catalog of all the cars? As the largest collector
car auction company in the world, it is not feasible to print a
complete catalog. Catalogs are usually printed only for vehicle
collections and for select segments at certain auctions. Mecum.
com is updated daily, even throughout the auction, with photos
and descriptions of auction lots.
How do I find a car? Vehicles are located together by auction day
(all Thursday cars in one location, etc.). If assistance is needed
finding a specific lot number, a Mecum staff member will be
happy to help.
How can I find out more information about a car? By the time
on-site inspection is taking place, the car card is in the vehicle’s
window and the Mecum website contains the most up-to-date
information Mecum has been provided by the seller. (Prior to
the auction itself, interested bidders can call the home office and
request that Mecum contact the seller for specific details.)
Can I get in the car? Yes. Bidders can respectfully open the doors
and sit in the vehicles. Bidders have full inspection rights.
Can I start the car? In most cases, a Mecum representative can
start the vehicle upon request.
Is there someone who can inspect a vehicle for me? Bidders may
have their own third party inspectors look at the car on-site, but
this service is not available via Mecum.
What time will a car run? Vehicles cross the auction block in
numerical order by lot number. Approximately 30 cars cross the
auction block per hour.
Is everything on TV? The TV live filming takes place only during
scheduled show times and includes commercial breaks, therefore
live television will include only a portion of the entire auction.
See Mecum.com for specific auction TV times.
When is the auction over each day? Auction end times vary per day
based on the number of lots and the amount of time it takes each
to cross the block.
What is Road Art? Road Art comprises the sought after vintage
items that people collect to serve as anything from garage-wall art
to tangible investments; popular items are gas pumps, signage,
brand-specific promotional items and more.
How do I actually bid? Raise a hand to one of the Bidders’
assistants – he or she will assist the bidder by relaying the current
bid price, what the next bid is, and by signaling new bids placed
to the Auctioneer.
Can I buy the car and title it in someone else’s name? No. The car
will be titled in the registered bidder’s name only.
When does the car have to be off the grounds? Typically, vehicle
security ends 48 hours after the auction is over.
Can I drive the car or do I have to have it shipped? Cars may be
driven off the grounds, towed by the buyer or commercially
shipped. (The company Mecum has on-site for shipping
arrangements is Reliable Carriers, Inc.)
Can someone else pick up the car I buy? Yes. Whoever picks up the
vehicle must have the Gate Pass in hand.
Will I need to come back to register every day, or are my bidder
credentials and guest badge good for the whole event? Bidders need
to register once per auction event. Bidder credentials and guest
badges both act as general admission for every auction day.
Can I leave the Auction and still bid? Yes. Before leaving, go to the
Bidder Dept. and complete a Telephone Absentee Bidder Form
to be put on the docket and called when the vehicle(s) of interest
is crossing the auction block. Note: Two things change when
becoming an Absentee Bidder. First, the Buyer’s Premium goes up
2%. Second, a check for 20% of maximum potential bid must be
provided in advance (a blank check can also be provided which
will leave bidding potential unlimited).
Is my bidder credential or Gold Card transferable? No. While guest
badges are transferable and can be switched between people,
bidder credentials and Gold Cards have buying power and can
only be used by the bidder themselves.
DETAILS &
REQUIREMENTS
Read the Bidder Registration form.
It is a legally binding agreement.
Buyers must register to bid. Mecum does not accept bids from
unregistered bidders.
Bidder must sign a form for each individual auction. Even if
registered at a previous auction, bidders must repeat the process.
(Gold Members only need to bring their Gold Card and swipe it at
the registration desk to create their credentials).
When purchasing a vehicle, checks must be drawn from a
U.S. Bank. If funds are not coming from a U.S. Bank, a wire
transfer must be used. (There is a $100 fee for a wire transfer.)
Buyer’s Premiums will be automatically added to the final price
(hammer price) upon settlement and payable without relief to
the Auction Company.
BUYER’S PREMIUMS ARE SUBJECT TO CHANGE.
Bidders must pay the buyer’s premiums as stated for each
auction. These are noted on the Bidder Registration form for
each auction.
Sales Tax is governed by the state in which the auction is
conducted and may be collected at time of payment.
Payment is required within one hour of purchase unless other
terms have been pre-arranged.
The seller will afford every opportunity for the bidder to view all
lots prior to sale. However the purchaser must understand that
he/she is buying property entirely upon his/her own or his/her
agent’s examination and opinion prior to the auction. All lots
are sold “AS IS, WHERE IS,” with all faults and defects. Any
guarantees written or implied as to the authenticity, originality,
or condition of any lot are not the guarantee of the Auction
Company, and should be determined by the purchaser’s own
inspection and discretion prior to the auction. The information
provided by the seller is deemed reliable, but not guaranteed.
Vehicle history report services are provided by many companies
and are available via the internet. Bidders are responsible for
deciding whether or not to purchase a vehicle history report.
ALL BIDS ARE FINAL AT AUCTION. There is no “Cooling
Off Period.” If awarded the final bid, ownership changes hands
at the drop of the gavel. The bidder owns the merchandise and is
responsible for payment in full.
2015 AUCTION SCHEDULE
JAN 16-25
KISSIMMEE // KISSIMMEE, FLORIDA
FEB 27-28
ROGERS’ CLASSIC CAR MUSEUM // LAS VEGAS, NEVADA
MAR 20-21
THE E. J. COLE COLLECTION // LAS VEGAS, NEVADA
MAR 27-28
WALKER SIGN COLLECTION // WEST MEMPHIS, ARKANSAS
APR 10-11
GONE FARMIN’ SPRING CLASSIC // DAVENPORT, IOWA
APR 9-11
HOUSTON // HOUSTON, TEXAS
APR 12
HOUSTON // HOUSTON, TEXAS
APR 23-25
KANSAS CITY SPRING // KANSAS CITY, MISSOURI
MAY 12-17
DANA MECUM’S
28TH ORIGINAL SPRING CLASSIC // INDIANAPOLIS, INDIANA
JUNE 5-6
GONE FARMIN’ NASHVILLE // FRANKLIN, TENNESSEE
JUNE 5-6
SEATTLE // SEATTLE, WASHINGTON
JUNE 26-27
DENVER // DENVER, COLORADO
JULY 30-AUG 1
HARRISBURG // HARRISBURG, PENNSYLVANIA
JULY 31-AUG 1
THE ORIGINAL GONE FARMIN’ // HARRISBURG, PA
AUG 2
HARRISBURG // HARRISBURG, PENNSYLVANIA
AUG 13-15
MONTEREY // MONTEREY, CALIFORNIA
SEPT 16-19
DALLAS // DALLAS, TEXAS
OCT 8-10
CHICAGO // SCHAUMBURG, ILLINOIS
NOV 6-7
GONE FARMIN’ IOWA PREMIER // DAVENPORT, IOWA
NOV 12-14
ANAHEIM // ANAHEIM, CALIFORNIA
MOTORCYCLE AUCTION
TRACTOR AUCTION
MOTORCYCLE AUCTION
TRACTOR AUCTION
TRACTOR AUCTION
MOTORCYCLE AUCTION
TRACTOR AUCTION
YOU HANDLE
WINNING THE BID.
WE’LL HANDLE
GETTING IT HOME.
V E H I C L E S TA K E N S E R I O US LY.
800.521.6393
E X C L U S I V E
C A R R I E R
RELIABLECARRIERS.COM
O F
NOTES
NOTES
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WWW.MECUM.COM
(262) 275-5050