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Closed78 replies

Off to see the Wizzard

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Barry S (Goofycat)Barry S (Goofycat)
Originally Posted by Troy Sloan:

Vince.

Tell us how it works.  Is there a cost to put it in the auction?

What does it cost if it sells?

 

As an example, let's say it sells for $25,000, what do you net? What does the buyer actually end up paying?

Buyer pays taxes, new car registration, insurance and an additional 8-10% of the "hammer" (selling) price to the auction company, depending on whether the car is purchased in person at the auction or over the phone. To bid over the phone, a cashier's or certified check must be mailed to the auction company for a certain percentage of the "estimated" selling price of the vehicle on which you wish to bid. Call Mecum for all the details. I did, and they were very helpful. No, I didn't bid on any of the cars, but was curious as to how the process worked.

Barry S (Goofycat)Barry S (Goofycat)

Also, if you attend the auction in person, you can hear the car run, provided that you can find the owner. You can't actually drive the car because there may be hundreds in the lot, and the auction company frowns on driving tests or outright disallows driving the car. So....in a sense, you are buying the car sight-unseen as far as the mechanical stuff goes. However, it seems reasonable to think that the chances of purchasing a restored car that has not had the internals thoroughly reconditioned are probably slim, especially if the seller has the history, receipts, etc. to prove what was done to restore the car.

 

I would have bid on a stunning red 1969 Porsche 912, but I knew it would be out of my price range. Can't wait to see what it sold for.

 

If you know the pricing history on the open market for the particular car you are after, you will have a good baseline as to how high not to bid, and you might get a real bargain, unless of course there is someone else who is drooling over the same car and whose bid limit is higher than yours. I enjoy watching Wayne Carini's strategies at the auctions he attends on his TV show Chasing Classic Cars.

 

The Mecum Anaheim auctions, held the past weekend, will start on Thursday, 11/21 on the Velocity Channel.

Last edited by Barry S (Goofycat)
Cuzn Vinny 90264Cuzn Vinny 90264

If you log onto Mecum.com you can follow every single car (it's free)

TV only shows a small amount of cars in between commercials....

Thursday-Saturday starts at 10:00 on line.....

 

To answer Troy's question further it cost 350.00 for Thursday, 500.00

for Friday & up to 1,000.00 for Saturday to have your car cross the block.

I signed up for Thursday at 350.00 but they bumped me to Friday at the same price.

I believe the seller is also on the hook for another 4% of final sale, but that is negotiable when the car actually crosses...

 

Cuzn Vinny 90264Cuzn Vinny 90264

Typical Mecum auction, lots of hot rods,50's classics etc

Set the tub in it's place, top down, some spec sheets,

looks real shinny under the lights.....

There is another Vintage speedster, of the standard variety, red

exterior, 1915 motor.

At least 3 or 4 transporters, and a notch...

being among all those cars give me a chubby.....

 

Jimbo, off the 5, take Disneyland Dr to about 100 yards past Katella, left turn

into the parking lot...easy peasy.....

Cuzn Vinny 90264Cuzn Vinny 90264

There was a nice couple, and an older gentleman that wanted the tub, but neither ended up being the final winner.....

It drew a lot of attention sitting in the room, I was just hoping it would meet the reserve, so Dana Mecum wouldn't put pressure on me to lower it, but it went right past the reserve, which took the pressure off me....

YABBA DABBA DOOOOOOOOOOOOOOOOOO

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