Transcription of Financial Verification Payment Terms
1 445 South Main Street Walworth, WI 53184 Corporate Office: (262) 275-5050 Fax: (262) 275-3424 Email: Standard $200 Additional Standard Guest Pass Qty____ $50 Each Gold $500 Additional Gold Guest Pass Qty____ $100 Each All Bidder Registrations include one Bidder badge and one Guest pass valid all auction days. Additional Guest passes are available for purchase. Financial Verification Additional Financial Verification may be required. If applicable, a Mecum representative will contact you. Information regarding Financial Verification is available on Payment Terms All payments must be made with Funds. Accepted Payment methods differ based on Lot type. Cash Check1 Wire Transfer2 Credit Cards3 Automobiles Motorcycles Tractors Road Art4 1.
2 Mecum accepts personal, business and cashier's checks. There is a $100 fee for all returned checks. Checks must be drawn from a Bank. 2. There is a $100 fee applied to all wire transfers. 3. A surcharge of will be imposed on all transaction amounts paid for on Visa, MasterCard, Discover and American Express credit cards, which is not greater than Mecum s cost of acceptance. Debit card transactions do not apply. 4. Also includes lots of Signs & Relics, Guitars, Literature and Toys. Buyer Premiums Buyer Premiums are applied to the hammer price and are made payable, without relief, to the auction company. Automobiles Motorcycles Road Art At Auction 10% 10% 18% Telephone 12% 12% 20% Internet 12% 12% 20% Minimum Buyer Premium Based on the hammer price of an auction item, Bidder will be charged the percentage-based premium, or a minimum premium, whichever is greater.
3 Vehicles: $1,000 minimum Motorcycles: $500 minimum Registrant Information Customer # (if known) Name (as appears on ID) Date of Birth Cell Phone Alt. Phone Email Address (to which the lot will be registered) City State Zip Code Dealer/Company/Trust Name Phone Fax Dealer # Dealer License Expiration Date Dealer License State/County By signing this agreement, signer affirms he/she has read the General Bidder Rules and states that he/she will abide by the same in their entirety.
4 Signature: _____ Date: _____ This Bidder form may be executed in any number of counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument. The parties to this Bidder form shall endeavor to execute and deliver per the notice requirements contained herein original documents bearing an original signature. However, failure to deliver documents bearing an original signature shall not in any manner affect the enforceability of this Bidder form. The parties hereto agree that signatures delivered by facsimile, electronic mail or in portable document format ("pdf") shall be binding for all purposes hereof. Revised 10/18/2021 Bidder _____ General Bidder Rules Initials_____ Mecum Auctions General Bidder Rules REGISTRATION 1.
5 For purposes of these General Bidder Rules, the following Terms are defined as a matter of convenience: a. Mecum means Mecum Auction Inc. and its affiliates, successors, agents/employees, assigns, shareholders, directors, and officers. b. Lot means any item identified and made available for sale at an auction event hosted by Mecum in whole or in part. c. Bidder means a person or entity bidding upon any Lot at any auction event Mecum hosts in whole or in part. d. Consignor means a person or entity consigning a Lot for auction presentation and sale. e. The Terms Bidder and Consignor are understood as including his/her/its respective heirs, successors and assigns. 2. Bidder s participation at an auction event constitutes knowledge of, and consent to, the General Bidder Rules, even absent Bidder s signature to this Agreement.
6 3. Bidder agrees to abide by these General Bidder Rules for the entirety of Bidder s membership period. In the event the General Bidder Rules are revised, Mecum will provide notice of the revisions to Bidder prior to the first auction event at which the revised Rules are implemented. 4. Bidder is required to register for auction in accordance with Mecum s policies and procedures, which may be amended from time to time. Bidder must use the badge and/or number issued by Mecum as a condition of auction participation. Invoicing and titling will be performed consistent with the information on Bidder s completed registration. Bidder registration fees are non-refundable. 5. If any provision, clause, or part of these Rules, or the application thereof, is deemed invalid, the remainder of these Rules shall remain in full force and effect.
7 6. In all matters involving lost, stolen, or misplaced bidder badges, Bidder retains all liability for any bid, purchase, and/or action taken by anyone using the Bidder s original bidder badge or number. 7. Bidder may be subject to additional Verification measures by Mecum or any third-party vendor it may employ. 8. Execution of this Agreement (or of any other document associated with Bidder s Auction participation) by means of electronic signature or any other affirmative assent ( , initials, checking boxes, etc.) shall be legally binding, as if the instrument was the subject of an original, handwritten execution. AUCTION 9. Before bidding on any Lot, Bidder is exclusively responsible for gaining full familiarity with the auction process. 10. Mecum is merely performing an auction service and is not responsible for a Lot s description in any medium, even if the representation is made in a medium owned by, maintained by, or associated with Mecum.
8 11. All Lots offered are sold AS IS, WHERE IS . Mecum makes no representation and extends no warranty, express or implied, respecting any Lot s condition, genuineness, value, and/or quality. MECUM HAS NOT INDEPENDENTLY INSPECTED OR TESTED THE LOT AND HAS NO KNOWLEDGE OF THE LOT S HISTORY OR CONDITION. Bidder has the duty, right, and opportunity to inspect any Lot prior to bidding, and Bidder s participation in the auction of any lot is exclusively premised upon the Bidder s own determinations. Winning Bidders shall accept their Lot(s) with all faults, including, but not limited to, qualitative conditions, defects and imperfections (whether structural, mechanical, cosmetic, latent, obvious, whether mentioned or unmentioned in the Lot description). Mecum is not responsible for any defect in any Lot.
9 12. Bidder releases, waives, and discharges Mecum for any and all claims arising out of, involving, or associated with a Lot description. Bidder shall reimburse Mecum for any costs and/or expenses (including, but not limited to, reasonable attorneys fees) that Mecum incurs in defending any Bidder s claim arising out of, involving, or associated with, a Lot description. 13. Additional information is available for lots bearing matching numbers by visiting , or from Mecum, upon request. 14. Mileage claims are made by the Consignor. Bidder is solely responsible for investigating and determining the accuracy of such claims. 15. All Lots are offered for individual sale by their unique Lot number, unless otherwise noted. The auctioneer will accept bids from on-site Bidders and absentee Bidders.
10 The auctioneer has the right to place a bid for the Consignor up to the Lot s reserve. 16. In matters where the winning bid cannot be determined with certainty, the auction process may be repeated for that Lot. The auctioneer will use reasonable judgment in evaluating Bidders claims of auction confusion. However, the auctioneer s determination(s) in these circumstances is/are both final and non-appealable. 17. Mecum is not liable for lost, stolen, or damaged Lots, and Bidder shall make no claim against Mecum for such loss, theft, or damage, unless the loss, theft, or damage is directly caused by Mecum s actions or omissions. 18. Lots must be removed from the auction location within 48 hours of the auction event s conclusion. After 48 hours, any remaining Lots will be assessed a storage fee, from the facility, of $200 per Lot per day.