Daily tickets sold at the gate are $30 each. What is the Mecum rule? Mecum rule: if you raise your own bid to meet the reserve, the car is yours!
Full Answer
How much does it cost to go to a Mecum auction?
19/06/2020 · Herein, how much does it cost to go to a Mecum auction? Daily tickets are $20 each when purchased online prior to the auction start. After the auction. has started, Daily tickets purchased online are $30 each. Daily tickets sold at the gate are $30 each. What is the Mecum rule? Mecum rule: if you raise your own bid to meet the reserve, the car is yours!
How much does it cost to sell a motorcycle at Mecum?
26/10/2021 · How Our Fees Work. Sellers pay a $99 listing fee, with the option to add our Plus photo service for an additional $250. There are no other seller fees on BaT. Buyers pay a 5% fee on top of the final sale price to BaT, with a minimum of $250, and capped at $5,000.
What happens to my Tickets after I purchase them from Mecum?
14/03/2020 · Let's look at what it means to be a low-value car at a Mecum auction. The first day entry fee for selling a car is between $350 and $500, depending on the auction. Mecum characterizes a day-one car as one with a estimated value of less than $10,000. How do you buy a car at Mecum auction?
What is the buyer’s premium for the Mecum Las Vegas motorcycle auction?
How much do tickets cost? Daily tickets are $20 each when purchased online prior to the auction start. After the auction has started, Daily tickets purchased online are $30 each. Daily tickets sold at the gate are $30 each. At all auctions, children 12 and younger are admitted free of charge.
What percentage does Mecum Auctions take?
Vehicles/Motorcycles:In Person10%Telephone12%Internet12%
Who pays Mecum Commission?
Mecum Auctions pays the seller when payment is received and confirmed from the buyer. In the event of a Wire Transfer, payment may not arrive until the first business day after the auction. Seller checks are then mailed within 5-7 business days.
What does Mecum charge to sell a car?
Mecum will also quote you for vehicle transportation to the auction site if you desire. If your car does sell, great, but know that you'll pay a seller's commission—5 percent of hammer price without reserve, 10 percent with a $1,000 minimum on eight of the auction's 11 days.17-Oct-2018
What is the seller's fee at Mecum auction?
At our auctions, these entries really do stand out and garner additional attention from bidders. They also benefit by receiving a reduced commission rate, as the standard 10% seller's commission with a reserve is reduced to 6% for no-reserve entries.19-May-2021
What percent does Barrett-Jackson charge?
(B) Should Buyer default upon his purchase in any manner, for any reason, Buyer agrees to pay Barrett-Jackson the full sum of both the buyer's premium 15% of sale price live (17% absentee/internet) and seller's commission (15% of sale price). This sum is due and payable without relief.
What's the difference between Mecum and Barrett-Jackson?
Mecum is a reserve type auction and as a result some cars do not meet the consignor's reserve and go unsold. ... Barrett-Jackson differs from Mecum's in that it places reserves on only very few high value cars and as a result Barrett-Jackson's sell through is in the 98% range.01-Feb-2013
What is the most expensive car sold at Mecum?
The Jackie and Gary Runyon Collection of 31 vehicles totaled more than $10.7 million in sales with a 2016 Pagani Huayra (Lot S115) topping the list. One of just 100 produced and showing just 725 miles, the car sold for $2.12 million.18-Jan-2022
What is Dana Mecum net worth?
Dana Mecum is an American businessman who has a net worth of $50 million. Dana earned his fortune as the founder of the car auction company, Mecum Auctions.
How much does Barrett-Jackson charge for car sales?
8% of vehicle selling price on all vehicles over $10,000. $800 minimum seller's fee on vehicles $10,000 and under.
Does Mecum charge a buyers fee?
What Is the Mecum Buyer's Premium? If your bid is successful, you will pay Mecum buyer fees. While the buyer's premium can depend on the event, the premium for the Mecum Las Vegas motorcycle auction is: 10% standard premium at the event.05-Sept-2020
Why do they push cars at Mecum?
Multiple reasons. At the owners request as many are very finicky about who drives the car and when. Some are very loud. Some are manual transmissions and the owners don't want someone clutching the car.
What is the Mecum auction rule?
Mecum Auctions Mecum rule: if you raise your own bid to meet the reserve, the car is yours!
What is a mecum auction?
Mecum Auctions will supply an area for vehicles that do not reach agreeable selling prices so as to endeavor to secure a proper buyer for the seller/consignor. Mecum Auctions pays the seller when payment is received and confirmed from the buyer.
How long does it take for a car to be mailed to mecum?
In the event of a Wire Transfer, payment may not arrive until the first business day after the auction. Seller checks are then mailed within 5-7 business days. Mecum Auctions will not release vehicle to buyer until payment is received.
Do you leave original documents in a vehicle?
Do NOT leave any original documentation in the vehicle. Be present when your vehicle is on the auction block. Identify yourself to the auctioneers. A Mecum representative will be available during the auction block process.
How long does it take to cancel an auction?
Auction run times are estimates only, and are not guaranteed. If an auction entry is canceled within 5 days of the original entry, the fee will be refunded minus a $25 handling fee. After 5 days, no refunds or credits will be issued for canceled entries.
Can you cancel a Mecum auction without notice?
Unpaid entries will be eligible for cancellation without notice at the discretion of Mecum Auctions . Choice of sale position is based on a first come, first serve basis as entries are reserved. However, Mecum Auctions reserves the right to alter the placement of vehicles at our discretion.
How long does it take to remove items from auction site?
Vehicles/items must be removed from the auction site within 48 hours of the auction end.
Does Mecum Auctions have prime positions?
Mecum Auctions will serve the needs of all customers to the best of our ability. However, customers who do not announce the vehicle they are entering into the sale will not be eligible for those positions deemed "prime positions" in the sale.
What is a mecum?
Every motorcycle enthusiast knows the name Mecum, the largest collector auction house in the world with massive motorcycle auctions held every year. It’s a common misconception that Mecum motorcycle auctions only involve antique, vintage, and high-value collector bikes, but the auctions are actually very accessible and open to motorcycles ...
How to bid on a motorcycle at a Mecum auction?
You do not need to be a dealer to bid on a motorcycle at a Mecum auction. To make a bid, you will need to first register as a bidder. There are two ways to do this: Register to bid online. Register on-site the day of the auction.
Where is the largest motorcycle auction in the world?
Along with the smaller auctions Mecum hosts throughout the year, the company is known for its annual motorcycle auction in Las Vegas, the largest motorcycle auction in the world. Mecum auctions are also broadcast live on NBC Sports Network. In 2013, Mecum acquired MidAmerica Motorcycles to become the global leader in antique ...
Can you place a proxy bid on Mecum?
Registered bidders can use the Mecum Auctions online auctions to place absentee bids. With Mecum’s live online bidding platform, you can place proxy bids by setting up a maximum bid and allowing the system to bid automatically or bidding freely.
What is a mecum auction?
About Mecum Motorcycle Auctions. Mecum is the biggest name in motorcycle and classic car auctions. Every year, the Mecum Auction Company hosts auctions across the United States specializing in antique and vintage motorcycles.
How much does it cost to register for an auction?
If you register online, you can have your bidder credentials mailed to you or printed for on-site pickup. The registration cost online is $150. If you wait to register on-site, the cost is $200. You can register until the auction ends.
When did Mecum buy MidAmerica?
In 2013, Mecum acquired MidAmerica Motorcycles to become the global leader in antique and vintage motorcycle sales. You’ll find everything at Mecum auctions from entry-level bikes to rare investment-grade motorcycles.
How much did the 1984 Caprice Sport Coupe sell for?
It was the last of the three 1980s coupes to cross the block and sold for $8000. (Mecum Auctions image) The 1984 Caprice Sport Coupe on offer at the 2019 Mecum Auctions Kissimmee sale.
What car was sold at Mecum?
The answer was a low-mileage Caprice or Impala coupe, and the cars at Mecum exactly fit the bill. My Caprice was sold for $5K and the Impala for $2K to Wisconsin buyers. All of the Caprice coupes at Mecum were Sport Coupes without a vinyl top — a big plus in my book.
How many miles does a Caprice have?
The Caprice had 152,000 miles and would eventually need an engine and transmission rebuild and a paint job, and I wasn't willing to stick that money into a car with a vinyl top. The Impala needed everything, but family obligations have kept me from doing much work on it.
What is the benefit of consigning with Mecum?
Speaking of price, another benefit of consigning with Mecum is the ability to offer a vehicle with a reserve. A reserve price is the minimum amount that a seller is willing to accept as the winning bid; if the amount bid at auction does not reach or exceed the declared reserve amount, the seller then has the option to lift ...
Is selling a car at a Mecum auction open?
Just like bidding at Mecum Auctions, selling a car is open to everyone, and there's no better way to do it. Selling a car at a Mecum auction isn’t just for dealers or seasoned collectors and longtime auction-goers.
Trusted, expedient, & dependable Our Quality & Qualified Service
Consign your vehicle to auction and book shipping in just one phone call. Or, if you’re a buyer, schedule delivery home right from the auction floor via our enclosed trailers.
Our passion is ensuring the safety of your passion It's all about the cars
The Mecum Experience is all about providing customers with the best service, results and overall encounter from start to finish. With constant efforts made to improve that experience and ensure it’s the best it can be, the company launched Mecum Auto Transport, taking the experience, and your car, from the auction floor to your garage door.
Ease of Transport, Quality Delivery The Benefits of Using Mecum
Mecum Auto Transport allows you to consign your vehicle to auction and book shipping in one simple phone call.
Jason, Baton Rouge, Louisiana
I worked with Joe on several transports for cars I bought. I had one going to Wisconsin and two to a port in New Jersey. He is doing a great job for you—made it really easy to work with Mecum Transport. I’d be happy to endorse Mecum transport just because it was such a good experience.
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