Auctions

[exeric]

I have been thinking of selling a bike and have wondered about that big antique motorcycle auction in Las Vegas. I think it's in January. I have never put a bike in an auction before and would like to get some insight from club members on how they work and what to be careful of. I know that you can put up a reserve or waive the reserve. What are the pros and cons of that? I want to keep it but I'm (that is my wife is) probably going to be selling my 1917 Henderson so I would like to get a good price for it. Yeah, yeah, yeah. . . spare me the P.W. baloney, I get that from my friends. I mention the Las Vegas auction because it seems to get the most press, but there is the Daytona auction that would certainly be easy for me to get to since I live in Florida. Looking for opinions and first hand knowledge.

[Ohio-Rider]

Exeric... If its just to keep it out of her hands that your considering putting it on the block, here's another idea. Sell it to me for a dollar, and when your ready, I'll sell it back to you for fifty cents. Problem solved. -Steve

[RSmith]

Mid America Vegas Auction

We have been fortunate to be able to attend
the last 5 Mid America Auctions and we really
enjoy them. The next one is scheduled for
January 8-10 2009 and it will be held at the South Point
Hotel/Casino again.

Here is some info about their motorcycle
auctions -

http://www.midamericaauctions.com

http://www.midamericaauctions.com/faq.asp

Payment is made to the consignor on the same day as the auction. All buyer payments must be made with good funds which are defined as cash, bank wire transfers, cashiers checks, travelers checks, personal company checks backed by a bank letter of guarantee. Sample Bank Letter of Guarantee This currently dated letter must be presented and will be attached to our copy of your bidder registration form. All methods of payment require a $500 deposit at time of bidder registration. This deposit is refundable 30 minutes after turning in your bidders number if no purchases are made.

6% buyers fee (minimum $125) will be charged, for each lot purchased at time of settlement. Mastercard, Visa, American Express and Discover are accepted forms of payment with a 3% handling charge. Bank Title Drafts are not acceptable. Arrangements can be made to leave a 10% nonrefundable cash deposit (minimum $1000) for each vehicle purchased with the balance due in the full before buyer takes possession. If the vehicle is sold on a 'Bill of Sale Only' buyer accepts all responsibility and costs in obtaining a title and/or registration in their particular state and country.


Cycle Transportation & Storage Services to and from the auction site are available by calling our office.


We are the auction company that treats you with respect at each auction, whether you sell or buy one or several American, British, German, Italian, Japanese or any marque motorcycles. If you have any questions or comments concerning motorcycle auctions, please call us.


$10 Admission fee each day.

[silentgreyfello]

IMO, a '17 henderson would probably bring more money on the RM auction in CA than the Mid-America in Lost Wages. I have been watching the results for a couple of years now as I am considering selling my '22 henderson....

RM charges more commision, but I still think you would net better with them. Best of luck!

[stevekleincustom]

Auction or ?

Exeric;

If you do not do business with Ohio Rider...I'll do the deal for a buck and you can keep the buck and I'll send you a Christmas Ham every year.

Seriously by simply making it known to a few AMCA members or mentioning an intention to sell a piece in this forum you may get a number of cash offers. Extremely nice bikes most frequently change hands without ever being pushed across the stage. I have a few bikes I bought at Mid America in Vegas...but most were offered through AMCA members over the phone. Most sellers are interested in getting a fair market price and also know the machine is going to a good home for the next chapter of its life. Auctions can bring higher prices sometimes due to the excitement factor, but the in / out fees and transportation will net you a number...and you are in front of the IRS. Serious buyers will discount the price in a cash transaction...but cash is cash. I also agree that RM attracts heavier hitters and achieves higher results on rare machines. Let's see.... where would I park a Henderson?

Steve Klein

[stevekleincustom]

Auction or ?

Exeric;

If you do not do business with Ohio Rider...I'll do the deal for a buck and you can keep the buck and I'll send you a Christmas Ham every year.

Seriously by simply making it known to a few AMCA members or mentioning an intention to sell a piece in this forum you may get a number of cash offers. Extremely nice bikes most frequently change hands without ever being pushed across the stage. I have a few bikes I bought at Mid America in Vegas...but most were offered through AMCA members over the phone. Most sellers are interested in getting a fair market price and also know the machine is going to a good home for the next chapter of its life. Auctions can bring higher prices sometimes due to the excitement factor, but the in / out fees and transportation will net you a lower number...and you are in front of the IRS. Serious buyers will discount the price in a cash transaction...but cash is cash. I also agree that RM attracts heavier hitters and achieves higher results on rare machines. Let's see.... where would I park a Henderson?

Steve Klein