Can I Sell my Car at a Mecum auction?
Selling a car at a Mecum auction isn’t just for dealers or seasoned collectors and longtime auction-goers. It’s an opportunity that is wide open to anyone looking to pass their cherished collector car onto its next devoted caretaker.
How do I offer my car for consignment at Mecum?
Customers are encouraged to call Mecum at (262) 275-5050 to discuss their consignment options with a customer service or consignment agent, but for those who know exactly which auction they want to offer their car at, they’re welcome to skip right to filling out a Request for Position form at Mecum.com.
What happens to my Tickets after I purchase them from Mecum?
Mecum Auction Daily tickets are sent via digital delivery. This means after the purchase, you will be sent an email that contains all of your tickets. These tickets are Adobe PDF documents that you can then print out. Each ticket has a unique barcode that will be scanned at the gate when you attend the auction. I lost the Email with my tickets.
Will a Mecum representative be available during the auction block?
A Mecum representative will be available during the auction block process. Sale position will not be confirmed until entry fee is paid. 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.
What is a mecum auction?
How long does it take for a seller to receive a check from Mecum Auctions?
How many photos can you send to mecum?
How long does it take to cancel an auction?
Where to find auction specific seller fees?
When are consignment positions confirmed?
Can you cancel a Mecum auction without notice?
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Does Mecum charge the seller?
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 percentage does Mecum auction take?
10%Vehicles/Motorcycles:In Person10%Telephone12%Internet12%
What is the buyers fee at Mecum?
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.
How much does it cost to be a bidder at Mecum Auto auction?
Important People You Do See When you watch an auction, in addition to Guests ($30/day), Standard Bidders ($200 cost), Gold Bidders ($500 cost) and VIPs, the block area is where you see Mecum Auctions staff members (all wearing black shirts) who are directly involved with getting vehicles sold.
Is Barrett-Jackson or Mecum better?
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. So looking at the number of cars sold the nod goes to Mecum's with 1,811 cars sold, 35% more than their Scottsdale rival Barrett-Jackson who sold 1,343.
Do you pay tax on auction sales?
All income from auctions, traditional or online, and consignment sales is generally taxable unless certain exceptions are met. This income is usually considered either “business” or “ordinary” income. In certain circumstances, such income can qualify for capital gain treatment.
What is the sellers premium at Mecum Auctions?
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.
What is the Mecum rule?
Mecum rule: if you raise your own bid to meet the reserve, the car is yours!
Why do they push the cars at Mecum?
Pushed, market wise, for show: There are certainly high-end cars that are pushed at auctions. They show up at premium times and are given a showcase presentation. Sellers often don't pay to get the car into the show and if sold, the sales commission might be as low as 1%.
How much do Mecum bidder assistants make?
Loading results...Job TitleAverage SalaryCompany NameFT Administrative Assistant/Research Assistant - Perimeter Area (2202)$62,643Mecum AuctionsFT Office Manager (2214)$96,358Mecum AuctionsFT Accountant (2224)$80,737Mecum AuctionsFT Software Sales Representative (2211)$111,572Mecum Auctions6 more rows
What is the Mecum rule at Mecum Auctions?
Mecum is not liable for lost, stolen, or damaged Lots, and Bidder shall make no claim against Mecum for such loss, theft, or damage, unless the loss, theft, or damage is directly caused by Mecum's actions or omissions. Lots must be removed from the auction location within 48 hours of the auction event's conclusion.
How does bidding work at Mecum auction?
The system allows you to bid freely on items of interest and be a part of the live auction action with each upcoming lot; or, alternatively, you can opt to place proxy bids simply and easily by entering your maximum bid and letting the system bid on your behalf.
What is the sellers premium at Mecum Auctions?
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.
How much do Mecum bidder assistants make?
Loading results...Job TitleAverage SalaryCompany NameFT Administrative Assistant/Research Assistant - Perimeter Area (2202)$62,643Mecum AuctionsFT Office Manager (2214)$96,358Mecum AuctionsFT Accountant (2224)$80,737Mecum AuctionsFT Software Sales Representative (2211)$111,572Mecum Auctions6 more rows
What is the Mecum rule at Mecum Auctions?
Mecum is not liable for lost, stolen, or damaged Lots, and Bidder shall make no claim against Mecum for such loss, theft, or damage, unless the loss, theft, or damage is directly caused by Mecum's actions or omissions. Lots must be removed from the auction location within 48 hours of the auction event's conclusion.
What is a 10% buyer's premium?
For those unfamiliar with the auction buyer's premium, it is a fixed fee charged to a successful bidder at an auction, on top of the amount bid. The most common rate is 10 percent. For example, when you bid $100, you actually pay $110. A successful $500 bid becomes $550. Advertisement.
Consigning a Car with Mecum Auctions - Mecum Magazine
Promotional Benefits of Consigning with Mecum • Each car receives its own dedicated page on Mecum’s website, where more than 20 images can be posted, along with a bulleted list of information highlighting the vehicle’s most important and desirable features
My Mecum Auction experience - FourEyedPride.com
I bought a Trans am last October, because I always wanted one to replace the one I had "back in the day". I figured I would replace one of my other cars with it. After working all winter on it, and replacing the entire interior, I drove it a few times and found that I didn't enjoy driving it. It didn't make me happy. I enjoyed my other cars much more.
Register To Bid | Collector Cars | Mecum Auctions
Register To Bid. Register to bid on any of the more than 20,000 auction items offered annually. Bidders can now enjoy the freedom and flexibility of buying a classic vehicle using the preferred bidding methods and registration types below.
How To Bid | Collector Cars | Mecum Auctions
Mecum has been specializing in the auctioning of collector cars and special-interest vehicles since 1988 and has further expanded to offer motorcycles, vintage tractors, Road Art® and more.
What is the benefit of selling a car on 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 the reserve and sell their car to the highest bidder or let it go to Mecum’s Bid Goes On department for more off-the-block bidding action. While the auction platform by nature tends to ensure that the most appropriate market value for any vehicle is achieved, this level of protection is something many sellers find comforting when sending their most prized possessions across the auction block.
How many pictures are there on Mecum?
• Each car receives its own dedicated page on Mecum’s website, where more than 20 images can be posted, along with a bulleted list of information highlighting the vehicle’s most important and desirable features
What is a mecum car?
To consign a car with Mecum is essentially like hiring an entire team made up of hundreds of experts and well-trained individuals, all dedicated to achieving the most value possible for the car’s sale. Instead of finding a place to park the car along a busy road with a sign in the window or spending time trying to promote its availability on various websites or in specialty enthusiast publications, Mecum consignors can keep their cars parked safely in the garage until it’s time to head for the stage, and all of that promotional work is assigned to the dedicated members of the Mecum team. So, what sort of promotional work goes into the magic Mecum mix? Let’s take a look.
What does it mean to consign a car to Mecum?
When all is said and done, consigning a car with Mecum means getting the best promotional team in the business, the eyes of countless interested buyers, and the ease of kicking back and watching as those buyers clamor to make it their own.
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.
How do Mecum tickets work?
Mecum Auction Daily tickets are sent via digital delivery. This means after the purchase, you will be sent an email that contains all of your tickets. These tickets are Adobe PDF documents that you can then print out. Each ticket has a unique barcode that will be scanned at the gate when you attend the auction.
Is parking allowed at Mecum?
No, parking is not controlled by Mecum; any and all applicable charges are handled separately by the venue.
Can you bid on items at Mecum?
No. In order to bid on items at an auction, you must register with Mecum Auction, execute a Bidders Agreement and pay any Registration Fees. If you decide to register as a Bidder at the auction, your Daily Ticket purchase price will be refunded to you.
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.
Who loaded the Caprice coupe after the sale?
Tom Truhlar loading the Caprice coupe after the sale.
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 seller to receive a check from Mecum Auctions?
Seller checks are then mailed within 5-7 business days. Mecum Auctions will not release vehicle to buyer until payment is received. Should either the buyer or seller default on any part of the transaction, Mecum Auctions shall remain entitled to any and all fees and commissions by the defaulting party.
How many photos can you send to mecum?
Include the auction and lot number in the email subject line. Mecum can advertise up to twelve quality photos on our website. Consult the Vehicle Photography Guidelines document in your consignment package for more details.
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.
Where to find auction specific seller fees?
Auction specific seller fees are found in the request for position forms.
When are consignment positions confirmed?
Note - Consignment positions are not confirmed until request for position forms and payment are received.
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.