- What are the fees for putting a boat in the auction?
a.) The museum receives a 10 % Commission of the final sale price of the boat. The seller receives 90% of the final sale price of the boat.
b.) $100 fee if a reserve is set, which is non-refundable unless the boat sells.
- What is the fee for buying an item at the auction?The Buyer Premium is 15%. Cash & Check buyers receive a 3% discount.
- Is my boat acceptable for the auction?Boat and Trailer have to be inspected by museum staff before paperwork is completed.
- Can I just drop items off at the museum?No. Please contact the museum by phone or email before dropping an item off. We prefer to see pictures of an item before we accept.
- What paperwork is needed prior to the auction for my boat to be included?
- a.) Auction Terms and Conditionsb.) Auction Donation or Consignment Contract Agreementc.) Bill of Sale filled out partiallyd.) Trailer Title or Registratione.) Good quality electronic photos of the boat to be used on the NHBM website prior to the auction. Preferably, photos should be e-mailed ASAP to firstname.lastname@example.org to get them on the site ASAP.Note: Registrations and/or plates must be removed from the boats and trailers prior to the auction if they don’t convey with the boat and / or trailer.
Note: Registrations and/or plates must be removed from the boats and trailers prior to the auction if they don’t convey with the boat and/or trailer.
- What does a boat owner need to know about reserves?If a reserve is desired, museum representative will contact you to discuss. There is a fee of $100 that is non-refundable unless the boat sells.
- Are there restrictions on boat sizes, running condition, etc.?Size is a subject that requires discussion with an auction committee member. All boats are sold in as is condition. All noteworthy conditions should be disclosed prior to the auction by the consignor. All consignors and / or donors are required to provide a Statement of Condition as to the working order of all engines. This should be requested at the time paperwork is submitted and received. Any and all “guarantees” are between the buyer and the seller only.
- Can I donate a boat that doesn't sell to the museum so I don't have to retrieve it?This is possible but needs to be agreed to prior to the auction.
- Who is in charge of the auction? Jack McLaughlin and Betsy Farley, however there are chair people for different elements of the auction.
- Will the museum work with me on fees if the price of my boat is high?Yes.
- How long do the winning bidders have to pay and claim their boats?Must be done the day of the auction or if negotiations are underway it will be the day the deal is finalized. It does depend on method of payment. If a personal check is used several days could be added for the check to clear the museum’s bank. Normally it takes 7 to 10 days for a personal check to clear.
- How soon will I get paid if my boat sells?The consignor will receive funds no later than 21 business days from the receipt of the funds by the museum.
- Can the payment of funds be redirected to a third party or to a different date?Yes. For tax purposes the credits will occur in the calendar year of the auction the boat was sold.
- What happens if I have consigned the boat or merchandise to the auction and it gets sold prior to the auction?All fees are due to the museum based upon the commission stipulated on the amount realized.
- What will be done to promote my boat as part of the auction?a.) The museum website is the primary method to convey consignment items to the public prior to the auction. b. ) Auctionzip.com website as well. Note: Auctioneer ID # is 26348
- What if I am not able to get my boat/item to the museum?A museum representative can get a boat or item for the auction if it is local (Lakes Region) for a fee of $200. Please contact the museum for more information.
- When can I bring the boat to the museum?Up to eight days in advance of the auction, but not later than the 5:00pm Thursday prior to the auction.
- When do I have to pick it up if it doesn't sell?All merchandise / boats and trailers must be removed from the museum property no later than 14 days after the auction. Beyond this time period the museum will remove the boat and provide storage at a rate of $50 per day until the boat is retrieved by the owner. In the event the boat remains at the museum after 90 days the museum will take possession of the boat.
- Can I sell a boat without a trailer?Yes, but the museum is unable to do any logistics work. Trailers are not available.
- Will the museum be able to help me with a trailer for the day of the auction?No. Trailers are all in use the day of the auction with multiple usages. We cannot devote a trailer to just one boat.
- Can the museum refer me to someone to relocate a boat before or after the auction?Yes. We refer people to Miles Marine towing (603-527-1887) for transportation assistance. In certain cases the museum staff can assist with relocating boats. The question should be posed to the museum staff for follow-up.
- Does my boat have to be at the auction to be included?Yes, unless special arrangements have been made.
- What sort of security is provided by the museum before, during and after the event?The museum will provide security from 6:00 PM Thursday night prior to the auction through the end of the auction on Saturday. All consignors are advised to maintain insurance against perils and losses. The museum and /or the auctioneer assume no liability for the boats, trailers or any other merchandise.
- Do I need to be at the auction when my boat is bid upon?It is recommended, but not a deal breaker. If the consignor elects to do a reserve we recommend they be at the auction but if the consignor cannot be there, they (or representative) must be accessible by cell phone.
- If there is a reserve on a boat how will the auctioneer handle it if the reserve is not met??The auctioneer will “pass” the item.
- If my boat doesn't sell can a deal be struck after the auction with any bidders?Yes. This is the primary reason we recommend having the owner be at the auction. It cannot be done if the owner is absent or unavailable by phone.
- Do bidders need to be at the auction to bid?Yes. Again this is subject to consideration if arranged prior to the auction, but arrangements will be at the buyer’s expense. Absentee phone bidders must be pre-qualified by the museum.
- How are absentee bidders secured?A Master Card, Visa or Discover card on file.
- Can negotiations be conducted with absentee bidders when boats fail to be sold? Yes. Again this must be pre-arranged.
- How may I settle what I owe on auction day?CASH – Cash & Check buyers will receive a 3% discount on Buyer’s Premium. CREDIT CARDS – We prefer Visa, Mastercard and Discover. American Express can be arranged.
- Can I register for the auction ahead of the date? Yes. Pre-register here. On the day of the auction go to the registration table under tent to check in and pick up your bidder number.