By Mark Weisseg
This past weekend was your Mecum auction just outside of Chi town. For those of you that have never visited a Mecum auction without a doubt about the event.
About a week or so before the real auction the entire convention middle is transformed. Huge tents are put up outside within the parking lots so that all the automobiles can be staged there. I actually say vehicles because you will discover classic cars, hot rods, vehicles, signs, buggies, and much more.
The auction survived two days and were loaded with participates and automobiles. Spectators are allowed to walk around and look at almost everything in advance. If you are lucky the master may be there and you can find out.
How the procedure works is this. Any entire body can attend the public sale and pay a daily charge to get in and just view. Bidders must pre sign up to do so and pay for the particular privilege. If you buy you then should pay a percentage of about 8 percent on top of that. Sellers furthermore pay to have there automobiles auctioned. If they sell the car they too pay a portion. Sometimes that percentage will get negotiated if the deal can be close. Normally Frank Mecum is the one that will step in to assist. His father Dana Mecum is also working the floor in making everything run smooth. And yes it does. You will find the three primary auctioneers to be very amiable as is the other people functioning the floor. Every section includes a Mecum employee working with the particular bidders. It’s really a wonderfully run machine.
If you make the deal Condition Farm Insurance is there to obtain the necessary insurance Home. Mecum has there own vehicles so you can have them deliver your brand-new purchase to your front door.
The bidding is very easy. Some vehicles are simply no reserve. Meaning, what ever will be the highest bid wins the automobile. Some vehicles have a hold price that only the vendor knows. The bidding should get to that and whomever offers the highest gets the car. Additionally there is a place known as the bidding continues desk. This is where if a vehicle does not sell you can look at there and possibly make an offer there.
It is a circus like extramarital relationship and I mean that in the many positive light. It’s a proper oiled machine. TV digital cameras are rolling with professional announcers to give the audience in your own home a bit more information. The putting in a bid can also be done by phone or by the internet. Social media marketing is a large presence as well.
It’s an automobile guys paradise. In advance of the specific event you can go on the particular Mecum web site and see when there is anything you want to bid on. You could be anywhere in the world and watch it loading live right from wherever you happen to be. For those lucky enough to attend it is like Christmas morning. As an example the 1968 Mustang GT three hundred and fifty in the picture was bet as high as $125k but failed to meet the reserve. So , that certain goes back to the owner. It had been a beautiful car. One thing which i want to mention is that the extremely bright lights for TELEVISION make almost every vehicle look solid. It’s only when you are there personally do you see bubbles, break, dents, or other products you may not see on the TELEVISION. Everything is sold “as is” and you should do your homework firat.
The auction occasion is fun for everyone plus it’s an Experience you will never forget about. So many hot rods, classics, uncommon cars, resto mods, and so forth. You won’t be uninterested and you won’t want it to finish. I would highly recommend going to one of those events. They are at various locations all across the country. Services like Barrett Jackson, Sothebys, RM auctions and so on appear to be near a major city throughout the year. Mecum just happens to be primary for the most sold. The whole experience is worth the time plus money to go. And on top of that you may be fortunate enough to buy your very own fast muscle car. The particular auctions are just jam packed along with great cars. Something for everybody is what you hear a lot.
So , now you possess a better understanding of how this technique works. It’s time for you to be able to one and enjoy the experience.