Topic: Antique cars auctions

[70CB750]

I figured somebody here would know the answer.  What is generally required to participate in an antique car auction?

Registration, proof of funds, ID, what else?

[madScientist]

Depends on the auction usually. Some of the higher end auctions I've participated in required me to pay a $20-$100 "processing" fee along with provide my drivers license and a statement of funds.

The others just required my drivers license and had a provision that you must put 10% (or $500 in some cases) of the vehicle selling price down, sign a contract, and provide the full amount within 5 business days. If you missed their deadline for full payment there are LOTs of fee's / penalties and other badness.

[70CB750]

Thank you.

[vfourfreak]

Hi Prokop,

check out Bonhams, they do a lot of auctions of antique and vintage bikes and cars .

http://www.bonhams.com/how_to_sell/9884/

Kev

[70CB750]

Thanks, Kev.

[Dimitri13]

Tons of money, I presume.

[70CB750]

For sure!

This is for a guy from overseas, not for me 

[Don R]

If you're bidding I was told they want proof of funds. Go to the bank first.