Become a MemberRegister • Member Login

Buying Fees

Online (ProxiBid)
Registration: $100.00
Commission: 12%
Telephone
Registration: $100.00
Commission: 12%
Proxy
Registration: $100.00
Commission: 12%

12% Buyers Premium on all Vehicles. 15% Buyers Premium on all Memorabilia. Online bidding will be through the Powered by Proxi Bid system. Bidders will be required to register with Proxi Bid in advance to guarantee the opportunity to make a bid. 
Note: Bank Letter of Credit may be waived based on your previous history with us.
Contact Us for more information

Buying Information

All purchases must be paid for in full on auction-sale day by wire transfer, cash, certified check, or bank draft. Personal checks and business checks will only be accepted when accompanied by an irrevocable Bank Letter of Credit Funds, stating bidding limit in favor of MAG Auctions and correctly dated for the applicable auction event in question and duly authorized by an officer of the financial institution. 

As an alternative, upon purchase (per vehicle), you must be in a position to provide a $5,000.00 deposit by credit card or cash when requested by our clerks. Note: Payment by credit card is not an available option for purchase(s) and is only accepted temporarily as a non-refundable deposit which will hold your purchase(s) until 1:00 pm the next banking day. By then, you must have paid in full for all your purchases by wire transfer, cash, certified check, or bank draft delivered to the auction site. At that time, your purchase(s) will be released.

Buying Online

Buying online will be through the Powered by Proxi bid live system. You will be required to register with Proxi bid in advance to bid during the auction. MAG Auctions will try to provide as much information as possible on all consigned lots (including photos) to help you make an informed evaluation of any automobile or article in which you are interested. You are also welcome to call us with any questions or concerns, we will be happy to share our knowledge and opinion if you so choose. All purchases will fall under the Powered by Proxi bid terms and conditions. 

Buying by Proxy

If you are unable to Bid Online, you may also choose to submit proxy bids by purchasing a Bidders Badge (number), downloading a Bidder Contract form, a Proxy/Telephone Bidding form, and a Credit Card Authorization form. Fill in all documents and complete a credit card authorization in the amount of $5,000.00, then fax all documents to MAG at 1-775-420-4686. All Proxy bids must be received five days prior to auction-sale date.

A MAG Auctions representative will bid on your behalf until your bid is sufficient to purchase the lot or your maximum bid is reached. Include your phone number on all forms, but a MAG Auctions representative will only contact you if you are the successfull bidder.

Buying by Telephone

Or you may opt to be a Telephone Bidder. To bid by phone you must purchase a Bidders Badge (number), download a Bidder Contract form and a Credit Card Authorization form. Fill in all documents and complete a credit card authorization in the amount or $5,000.00, then fax all documents to MAG Auctions at 1-775-420-4686.

All telephone bidders must register a minimum of five days before auction-sale date. A MAG Auctions representative will contact you during the auction three of four lots prior to the lot(s) on which you wish to bid and will execute the bidding on your behalf in the auction room by phone.

Cellular service can be marginal at some of our auction locations and sometimes traditional telephone lines can be limited as well. As a result, available telephones will be assigned in the order we receive telephone Bidders' registrations. Please call 24 hours in advance of the auction to confirm the telephone number(s) at which you can be reached on auction-sale day.

The MAG Auctions is not responsible for errors, omissions, phone and online bidding disruptions or late-arriving bids in any way, shape, or manner, and offers no guarantees to registered Bidders that services by telephone or internet may not be interrupted or become completely unusable.