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.
Full Answer
Why buy at Mecum?
3 Make the winning bid! Mecum offers more collector cars at auction than any other auction house in the world, and with 20,000 lots crossing the auction block each year, no other company offers quite the variety that Mecum does.
How do I bid at Mecum Auctions?
1 Find the collector car you want. 2 Become a registered bidder by clicking the register button below. 3 Make the winning bid! Mecum offers more collector cars at auction than any other auction house in the world, and with 20,000 lots crossing the auction block each year, no other company offers quite the variety that Mecum does.
How do I buy a collector car at Mecum?
1 Find the collector car you want. 2 Become a registered bidder by clicking the register button below. 3 Make the winning bid! Mecum offers more collector cars at auction than any other auction house in the world, and with 20,000 lots crossing the auction block each year, no other company offers quite the variety that Mecum does.
How was this matter resolved with Mecum auction?
This matter was resolved in the best way Mecum Auction, Inc., knew. Mr. **** was very difficult to work with and Mecum absorbed a considerable amount of attorney fees when this matter should have been easily settled with his cooperation. Please contact the undersigned should you have any questions.
What percentage does Mecum take?
10%Vehicles/Motorcycles:In Person10%Telephone12%Internet12%
Who pays the auction fee at Mecum?
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.
How much does the seller pay at Mecum?
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.
Does the buyer pay a premium at Mecum?
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.
How much do Mecum bidder assistants make?
Loading results...Job TitleAverage SalaryCompany NameFT Administrative Assistant/Research Assistant - Perimeter Area (2202)$62,267Mecum AuctionsFT Office Manager (2214)$95,805Mecum AuctionsFT Accountant (2224)$80,265Mecum AuctionsFT Software Sales Representative (2211)$110,888Mecum Auctions6 more rows
What is the Mecum rule?
Mecum Auctions - Mecum rule: if you raise your own bid to meet the reserve, the car is yours!
What is the Mecum rule at Mecum Auctions?
Mecum is merely performing an auction service and is not responsible for a Lot's description in any medium, even if the representation is made in a medium owned by, maintained by, or associated with Mecum. All Lots offered are sold "AS IS, WHERE IS".
How much commission do car auctions take?
Using an auction is one of the easiest ways to sell your car, but it does come at a cost as you'll have to pay the auction house a commission fee. This varies but it is usually around 5% (plus VAT). Also, the final sale price might be a bit lower than that for a private sale.
How much is Dana Mecum worth?
What Is Dana Mecum's 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. Today Mecum Auctions is one of the largest antique, vintage, and collector car and motorcycle auction businesses in the world.
Can anyone bid at Mecum Auctions?
Mecum auctions are family-friendly events open to buyers, sellers and spectators making them easily accessible for everyone to enjoy, and there are many different options for getting in on the auction action.
What is star at Mecum auction?
Katie Osborne, a reporter for Mecum on NBC Sports, says anyone who has an appreciation for classic and collector cars can get in on the action. “A star car can be your favorite car, a car you've had your eye on, or one you've had a special moment with,” Osborne said.
What is star at Mecum auction?
Katie Osborne, a reporter for Mecum on NBC Sports, says anyone who has an appreciation for classic and collector cars can get in on the action. “A star car can be your favorite car, a car you've had your eye on, or one you've had a special moment with,” Osborne said.
Is bring a trailer auction legit?
Bring a Trailer is legit, but that doesn't guarantee it's safe. It aims to be as transparent as possible, asking sellers for documents, maintenance records, photos and videos of the vehicles before listing a vehicle. Buyers and sellers can communicate during the auction process, and buyers can request an inspection.
What is a mecum auction?
Mecum auctions are family-friendly events open to buyers, sellers and spectators making them easily accessible for everyone to enjoy, and there are many different options for getting in on the auction action .
Does Mecum sell collector cars?
Mecum offers more collector cars at auction than any other auction house in the world, and with 20,000 lots crossing the auction block each year, no other company offers quite the variety that Mecum does.
Where is Mecum Auctions located?
Mecum Auctions is headquartered in Walworth, Wisconsin, and since 2011 has been ranked No. 1 in the world with number of collector cars offered at auction, No. 1 in the world with number of collector cars sold at auction, No. 1 in the U.S. with number of auction venues, No. 1 in the U.S. in total dollar volume of sales, and is host to the world's largest collector car auction held annually in Kissimmee, Florida, as well as the world’s largest motorcycle auction held annually in Las Vegas.
Who is Mecum Auction Company?
The Mecum Auction Company is the world leader of collector car, vintage and antique motorcycle, and Road Art sales, hosting auctions throughout the United States.
When did Dana Mecum start auctions?
What started in 1988 with little more than a few helpers around President and Founder Dana Mecum’s family dining room table has grown to more than 200-strong when on-site at an event today. The company boasts the longest continued single-family ownership in the auction business, and it maintains its close-knit family atmosphere with many team members who have been onboard since the company’s inception and first auction at the Rockford, Illinois, airport.
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 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.
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.
How many photos can you put on a car website?
Each individual car webpage can display more than 20 photos of the vehicle to be sold. Consult the Vehicle Photography Guidelines—which can be found at Mecum.com and within the consignment package—for more details and tips on capturing and submitting the best images to help sell any car.
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
Can you transport a car to auction?
With contracts complete, titles mailed and photos submitted, it’s time for the seller to sit back, relax and wait for the big day. Vehicle transport services are available through Mecum Automotive Transport for those interested, but sellers are welcome to get their car to the auction in any way they choose.
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 long after receiving a GT car can you resell?
Like with other publicized GT sales, there was a lawsuit from Ford in the pipeline over its agreement requiring customers not to resell for 24 months after receiving the car. And, like with the other two publicized GT lawsuits, a settlement came a few months later. Image: Mecum.
Did Ford sue Mecum for selling a 2017 GT?
A 2017 Ford GT supercar popped up on Mecum Auctions’ website in May, but it wasn’t just its 647 horsepower or potential to sell for triple MSRP that garnered attention: It was also whether Ford would sue Mecum for selling it at all. Ford did, the day the car sold, and the lawsuit ended in a settlement this week.
Did Mecum comment on Jalopnik?
When asked for details about the settlement and comment on anything related to the court case or sale, Mecum declined to comment to Jalopnik. We’ve also asked for comment from Ford, and will update if we hear back.
Did Ford sue Miller?
Ford offers the current GT to people chosen through its application process, so long as they sign the agreement mentioned earlier. Ford sued on allegations that Miller broke that agreement by a long shot, just like Ford did with professional wrestler John Cena, whom the company sued late last year for an early resale along with one of the dealers the car passed through. Ford looped the dealers and Mecum in on the lawsuits, all of which have been settled, on the allegations that they knew or should’ve known about the agreement.
