INFORMATION FOR ALL AUCTIONS:
The trade show opens first thing each morning and will remain open thru the prime time sale. Whether you’re looking for team uniforms, shock absorbers, a complete engine, new chassis or just tips to improve your racing operation, you’ll find what you need at these trade shows. The admission to the trade show is included in your admission to the auction sale. Arrive early and stay late!
Arrive early, sign-up for a free bidder’s card and pick-up a free catalog. All items (lots) are numbered and displayed so you can inspect them before the bidding starts. Bring lots of cash so you are ready to buy through the auction and from the many trade show exhibitors who will have displays. And be sure to bring a truck and trailer big enough to haul your purchases home. Applicable state sales tax will be charged.
All Auction Sales Terms and Conditions – Each auction requires CASH, cashiers check or travelers check. Personal and Business Checks will not be accepted. VISA, MasterCard, American Express are accepted. There is a 5% buyers premium on all sales in Illinois and Wisconsin. There is an additional 5% fee on all credit card sales. Iowa sales will have a flat 10% buyers premium. Please come financially prepared to settle for your purchases. Applicable state sales tax will be charged.
** HERE’S HOW TO SELL
With some thought, effort and organization, sellers (consignors) at racers auctions will make money. Your items will be numbered, displayed and sold and then you will receive a check for the sale amount, less the auctioneer’s commission. Items which you can no longer use may be just what the other racers need and they’ll be bidding against each other to get them! The auction does the advertising, attracts the crowd and the bidders.
These are consignment auctions which means your items are turned over to the auction for sale during the auction. These are not “flea markets,” “private sales,” or “swap meets.” EVERYTHING SELLS. If you are considering selling at these auctions, we suggest studying the “Auction Commission Schedule” thoroughly. As you can see, the highest commission percentages are charged on the smallest sales. It is to your advantage to group or pool small items together, when possible, so they are sold as a single “lot” number. The commissions are calculated individually on each lot sold, not the total sales of each consignor. Bring good stuff…not junk. Junk and wrecked parts are just a waste of time for everyone involved. NOTE: One Pallet Is NOT One Lot. We will NOT Sell used race tires. Do not bring them. Brand new tires may be consigned under a “T-Lot.”
Check the schedule to see when consignments are first accepted. Other than pre-registered PRIME TIME and adjacent to prime time lots, those consigning early receive the better selling times. Our recommendation is to call in advance or send in this registration form to get “pre-registered lot assignments.”
Once all lots are full, no further consignments will be accepted. Any licensed vehicle or trailer consigned to the auction must have clear title and it must be on file in the cashier’s office. Small or loose parts should be put in an open box and the box labeled. Items zip tied to pegboard typically show off a nicer display of your part(s) and sell higher. Have items boxed or organized as you would like to have them sold. Precision parts and assemblies should be wrapped in clear plastic. Heavy items should be brought on rolling stands. Most small and medium size items to be auctioned will be placed on wooden pallets for display and movement within the auction building. Note that the auction staff may change the way you want to “group items” together or split them up.
EXAMPLE: SALE (C-lot; race car, reserve: $2700, highest bid: $3000) This car found a new home, it sold. The cashier will collect the bid price ($3000) from the buyer, deduct the listed commission ($3000 X 5%) of $150 and send the seller a check for the balance of $2850.
EXAMPLE: NO-SALE (C-lot; race car, reserve: $2700, highest bid: $2400) This car goes back home. It did not sell. In this case the consignor (seller) must forfeit the $100 no-sale amount already posted. The consignor then removes his car from the building.