Thursday SpecialLot #101-150Registration: $599.00No Commission Fee!Thursday SpecialLot #151-300Registration: $799.00No Commission Fee!Featured LotWITH RESERVERegistration: $650.00Commission: 7%Featured LotNO RESERVERegistration: $500.00Commission: 5%Prime Time LotWITH RESERVERegistration: $750.00Commission: 7%Prime Time LotNO RESERVERegistration: $500.00Commission: 5%Time SlotWITH RESERVERegistration: $800.00Commission: 7%Time SlotNO RESERVERegistration: $600.00Commission: 5%
15% Commission on all Memorabilia.
Selling Reserve or No Reserve
Consign with Motorsport Auction Group LLC (MAG Auctions) whichever way is more convenient for you. We will make the transaction of selling your classic auto as painless and seamless as possible. You can consign your automobile in any upcoming auction event you see posted on our website.
Consignments are first-come first-served and consignment line up is the same. Auction Lot numbers are not reserved without an entry fee guarantee. Even if you are not sure what vehicle you will be entering, you must purchase a lot number early to be assured of a priority position in the chosen auction event.
A consignment spot can be paid for by downloading and submitting a Credit Card Authorization form, by scanning documents and e-mailing, or by calling 1-775-997-8885 to pay with your Visa or Mastercard. All spots are assigned on a grid sheet at the time of purchase so book ASAP. A few special time slots are available at different rates. In the event you plan on requesting a special time slot, contact MAG Auctions ASAP as there are a limited number for each auction event.
Before consigning, to avoid any issues, make sure the vehicle identification number and title match. To achieve maximum funds for your vehicle, you should have the car detailed (cleaned/waxed/shined) inside, outside, and under the hood. All consignors will receive a free V.I.P. event entrance pass for themselves and a guest.
Please read the terms and conditions in our consignors registration contract before consigning your automobile as this is just a brief outline. Then just let the experience and knowledge of MAG Auctions do what it does best, sell your classic car.
Selling with a Reserve
Consigning your automobile with a 'Reserve' means you can set a minimum price at which you are willing to sell. Only you and our employees will know the Reserve price. This is a special feature for you and is kept private and confidential. In setting a Reserve, it is important to be realistic about the set price; it is only the minimum you will accept. If the bidding does not reach the Reserve amount, you do not have to sell and no other fees will be charged to you. However, when your car is on the auction block, you will have the option to lower your Reserve price to the last amount bid. Bidders would then know your automobile's reserve has been lifted and is now going to sell to the highest bidder. This can create a bidding frenzy. Then MAG Auctions' goal is to achieve as much money as possible and the auctioneer will continue to search for more active bidders.
Selling with No Reserve
'No Reserve' allows your car to be sold to the highest bidder regardless of price. With a No Reserve car on the auction block, people will know the car will sell and the highest bidder will own it. This is the best way if you want to sell your car and are willing to take a chance on what the car sells for regardless of price. Although the risk seems greater, the rewards can be greater too as the MAG Auctions team has experienced. As our consignors are realizing more and more, when properly advertised, displayed, and promoted, 'No Reserve' automobiles tend to bring more than market value. Call us if you would like to discuss the benefits of selling without a Reserve.
Unless you have already submitted your entry form, when you check-in your automobile, bring the original (no copies) Title and Registration (registered in your name unless a dealer) and any other pertinent legal documents or history. The Title and VIN # will be examined, verified, and processed at the door by one of our employees. The fuel tank lids will be sealed with tape for fire safety reasons. Ensure your automobile has no more than 1/4 tank of fuel and a good battery for starting. You, the owner, should be present at viewing and drive your own auto across the auction block; then you will be available to answer any questions from potential bidders or our auctioneer. However, if you prefer to not drive your car across the block, at your request a MAG Auctions team member will do so.
When your car sells, go to the event office to sign the necessary forms needed to complete the transaction. If your car does not sell, you still need to go to the office to pick up the Title and other paperwork to release your vehicle. However, you need to leave your auto with us until the end of the auction since we can and do receive purchase offers for vehicles long after they have gone across the auction block. So don't give up, an offer may come in up to the end of the auction event. Payment for the sale of your auto will be mailed out promptly on or before the 15th banking day along with a summary of the proceeds.