In PersonRegistration: $50.00Commission: 8%OnlineRegistration: $100.00Commission: 12%TelephoneRegistration: $100.00Commission: 12%ProxyRegistration: $100.00Commission: 12%
8% Buyers Premium on all Vehicles. 15% Buyers Premium on all Memorabilia. A $5,000.00 Deposit with a Bank Letter of Credit is required. (view example)
Consignors will receive one complimentary Bidders Badge, plus the $5,000.00 depost requirement will be waived.
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Buying in Person
Attending an auction event in person is definitely the best and most exciting way to purchase a collectable automobile. MAG Auctions will do its best to make it an enjoyable auction event that you will remember for years to come as you cruise around in your newly acquired classic vehicle. To participate as a Bidder while attending in person, you must have a valid drivers license or passport, purchase a Bidders Badge and complete a Bidders Contract.
As an attending Bidder you will have ample time to look over your potential purchase(s) to satisfy yourself that you are fully aware of the condition inside and out. In most cases you will also have an opportunity to meet the present owner to discuss the history, condition, and any other pertinent information you feel is necessary to assure you completely and confidently that this is the automobile for you.
All purchases must be paid for in full on auction-sale day by wire transfer, cash, certified check, or bank draft. Personal checks and business checks will only be accepted when accompanied by an irrevocable Bank Letter of Credit Funds, stating bidding limit in favor of MAG Auctions and correctly dated for the applicable auction event in question and duly authorized by an officer of the financial institution. This will enable you to take all your purchases home on the same auction day.
As an alternative, upon purchase (per vehicle), you must be in a position to provide a $5,000.00 deposit by credit card or cash when requested by our clerks. Note: Payment by credit card is not an available option for purchase(s) and is only accepted temporarily as a non-refundable deposit which will hold your purchase(s) until 1:00 pm the next banking day. By then, you must have paid in full for all your purchases by wire transfer, cash, certified check, or bank draft delivered to the auction site. At that time, your purchase(s) will be released.
About credit card usage for Online, Proxy and Phone Bidding: As in the Attend in Person alternative, you must purchase a Bidders Badge (number) and submit a Credit Card Authorization form in the amount of $5,000.00. Your credit card deposit will suffice for a $25,000.00 bidding limit. If you require a higher bid limit, submit a Bank Letter of Credit for the amount you believe will be needed to complete all your purchases. Payment by credit card is not an available option for purchase(s) and is only accepted temporarily as a non-refundable deposit which will hold your purchase(s) until 1:00 pm the next banking day. By then, you must have paid in full for all your purchases by wire transfer, cash, certified check, or bank draft delivered to the auction site.
Can't attend an event for some reason but still want an opportunity to purchase that dream car? We have a solution! MAG Auctions offers the ultimate way of participating as a bidder; use our Online Bidding System. As an Online Bidder, you can now enjoy the comforts of your home or office and still have the capability to participate in any of our auction events; just follow a process that only requires a few minutes to complete.
First, you must become a MAG Auctions member to be able to utilize our simple Online Bidder Registration Form. Through a MAG Auctions membership, you can register and purchase your Bidders Badge (number) online by credit card. Once all the proper information is received, we will approve your registration and provide your Bidders Badge which enables you to bid live online in the auction sale you have indicated.
Then on auction event date and time, log on to our website with your MAG Auctions membership e-mail address and password to bid on the consignment lots you wish to purchase.
MAG Auctions will try to provide as much information as possible on all consigned lots (including photos) to help you make an informed evaluation of any automobile or article in which you are interested. You are also welcome to call us with any questions or concerns, we will be happy to share our knowledge and opinion if you so choose.
Buying by Proxy
If you are unable to Attend in Person or Bid Online, you may also choose to submit proxy bids by purchasing a Bidders Badge (number), downloading a Bidder Contract form, a Proxy/Telephone Bidding form, and a Credit Card Authorization form. Fill in all documents and complete a credit card authorization in the amount of $5,000.00, then fax all documents to MAG at 1-775-420-4686. All Proxy bids must be received five days prior to auction-sale date.
A MAG Auctions representative will bid on your behalf until your bid is sufficient to purchase the lot or your maximum bid is reached. Include your phone number on all forms, but a MAG Auctions representative will only contact you if you are the successfull bidder.
Buying by Telephone
Or you may opt to be a Telephone Bidder. To bid by phone you must purchase a Bidders Badge (number), download a Bidder Contract form and a Credit Card Authorization form. Fill in all documents and complete a credit card authorization in the amount of $5,000.00, then fax all documents to MAG Auctions at 1-775-420-4686.
All telephone bidders must register a minimum of five days before auction-sale date. A MAG Auctions representative will contact you during the auction three of four lots prior to the lot(s) on which you wish to bid and will execute the bidding on your behalf in the auction room by phone.
Cellular service can be marginal at some of our auction locations and sometimes traditional telephone lines can be limited as well. As a result, available telephones will be assigned in the order we receive telephone Bidders' registrations. Please call 24 hours in advance of the auction to confirm the telephone number(s) at which you can be reached on auction-sale day.
The MAG Auctions is not responsible for errors, omissions, phone and online bidding disruptions or late-arriving bids in any way, shape, or manner, and offers no guarantees to registered Bidders that services by telephone or internet may not be interrupted or become completely unusable.