VEHICLE CHECK OUT
Saturday, March 9th – Monday, March 11th (NO EXCEPTIONS)
Via Del Rey
Check out hours 10:00 A.M. – 4:00 P.M.
ON-SITE BIDDER REGISTRATION
Tuesday, March 5th – Friday, March 8th
Road A1A
AMELIA ISLAND19
Florida State
Check in hours 10:00 A.M. – 4:00 P.M.
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Tuesday, March 5th – Wednesday, March 6th
Fernandina Beach Municipal Airport
Amelia Is land Pkw
VEHICLE CHECK IN
SCHEDULE OF EVENTS Rd.
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5th – 6th / Gates open at 9:00A.M. – 5:00P.M. 7th – 8th / Gates open at 9:00A.M. – 10:30P.M.
THE AUCTION BEGINS / AUCTION RECEPTION Gates Open 9:00 A.M. – Close Extended Credential Holder Preview 9:00 A.M. – Close Auction Begins Promptly at 3:00 P.M. General Admission $30.00
Auction Reception
Open to Credentialed Holders, Bidders, Consignors & VIP ONLY Hosted Bar and Buffet 3:00P.M. – 4:00P.M.
nd Pkwy. Amelia Isla
Thursday, March 7th – Friday, March 8th
The Ritz-Carlton, Amelia Island
Conceptual and Design - Ty Woodhall - Russo and Steele - ©2019
Auction Estimate: $1,300,000 – $1,500,000
Auction Estimate: $175,000 - $225,000
Auction Estimate: $2,100,000 – 2,300,000
Auction Estimate: $275,000 - $325,000
Auction Estimate: $150,000 - $175,000
Auction Estimate: $320,000 - $360,000
Auction Estimate: $650,000 - $750,000
Auction Estimate: $175,000 - $225,000
Auction Estimate: $150,000 - $175,000
Auction Estimate: $205,000 - $245,000
Auction Estimate: $135,000 - $165,000
Auction Estimate: $95,000 - $125,000
Auction Estimate: $90,000 - $120,000
Auction Estimate: $160,000 - $190,000
Auction Estimate: $140,000 - $165,000
Auction Estimate: $375,000 - $425,000
Auction Estimate: $75,000 - $85,000
Auction Estimate: $45,000 - $60,000
Auction Estimate: $195,000 - $235,000
Auction Estimate: $80,000 - $110,000
Auction Estimate: $65,000 -v $80,000
Auction Estimate: $640,000 - $710,000
Auction Estimate: $45,000 - $65,000
Auction Estimate: $95,000 - $125,000
BUYER AND SELLER TERMS AND CONDITIONS PRE-REGISTRATION
RUSSO AND STEELE BIDDERS CREDENTIALS
Admittance to the Wednesday through Sunday Auction Programs is included with the $200.00 purchase of your Russo and Steele Bidder Credentials (one Parking Pass included and one guest). Additional guests $75 each.
ACCURACY
All statements contained in vehicle description are from the owner or owner representative. Russo and Steele LLC does not verify, authenticate or validate any portion of this representation and is not accountable for buyer’s interpretation of the description. By contract agreement, Buyer assumes full responsibility to check all facts and perform any inspection deemed necessary prior to bidding and purchase. UNLESS OTHERWISE STATED, BUYER SHOULD ASSUME VEHICLES ARE NON-MATCHING NUMBERS AND MILEAGE TO BE NON-ACTUAL.
CATALOG DELETIONS
Russo and Steele does not control the arrival of consigned vehicles nor is the auction house responsible for ensuring advertised cars are present on the auction block. If you are planning to travel to Scottsdale to bid on a particular lot, it is suggested that you consult our website for all updates at: www.russoandsteele.com. and call our Bidders Office to confirm arrival by first Preview day. Complete sale lists will be available the day of the sale with preview beginning on Wednesday at 9:00 am and continuing each day through Sunday as gates open at 9:00 am.
CATALOG ADDITIONS
Due to the lead time for catalog printing the inclusion of every vehicle may not occur. Approximately 800 automobiles in total will be offered for sale. For an up to date list of consignments, bidders are advised to visit our website at: www.russoandsteele.com just prior to the sale. In addition, printed docket listings will be provided during each sale day Preview on site.
Your bidder credentials must be activated to allow you to bid on cars in the sale. Bids may not be accepted in any form from unregistered bidders. In order to activate your credentials your method of payment must be confirmed. Please refer to the Sample bank letter of guarantee included in this catalog. To avoid on-site lineups we urge you to pre-register for bidding by January 4th – Pre Registration deadline. After January 4th all Bidder registration will occur on site beginning January 13th. Registration Office opens each day thereafter at 9:00 AM.
PRE-REGISTRATION DEADLINES
If you are interested in pre-registration, please complete and then download the Bidders Application Forms from our internet website at: russoandsteele. com. Completed applications accompanied by your Bank Letter of Guarantee or Bidder Collateralization Form accompanied by credit card (front and back) copies may be emailed to bidders@russoandsteele. com or faxed to our office at: (602) 252-6260 until Monday, January 8th. All other registrations may be submitted at the event site beginning Saturday, January 13th, with preview of vehicles beginning on Wednesday at 9:00 am and continuing each day through Sunday. Gates open at 9:00 am.
BUYER’S PREMIUM
Bidders are reminded that the purchase price to be paid by the highest bidder will be the final bid price plus a buyer’s premium of a flat 10% of the final bid price (12% for Phone/Absentee/Online).
BUYER’S TERMS AND CONDITIONS
sale Russo and Steele requires payment be made by means of bank wire transfer ONLY. No Checks, No Cashier’s Checks, No Money Orders. Out of state and out of country residents include a non-negotiable $30 Drive Permit from DMV and a $100.00 document fee. J.P. Morgan Chase Bank, N.A. - ABA #122100024 Russo and Steele Trust Account - #379256206 Payment may be made on the day of the sale for each lot in the following forms: bank wire transfer or cash, Russo and Steele must report cash purchases over the amount of $10,000 to the Internal Revenue Service.
VEHICLE RELEASE POLICY
No vehicles will be released for any reason until MONDAY - regardless of payment status, following the auction sale. No exceptions. No vehicles will be released or placed in transports until FULL payment is RECEIVED in the holding account of Russo and Steele noted above.
TAXES AND BILLS OF LADING
Russo and Steele will collect sales tax from local buyers. No city, county, or state taxes will be applied to purchased vehicles transported out of state by a USDOT/MC licensed common carrier for out of state residents. If you plan to ship your new vehicle, Russo and Steele recommends obtaining a bill of lading PRIOR to office processing. In order to exempt you from applicable taxes the cashier will need a copy of your bill of lading and out of state driver’s license. Please be prepared to present these documents at our Cashiering Office.
Detailed buyer’s terms and conditions are printed on the reverse side of the bidder agreement. Please make sure that you have read and understand these terms and conditions prior to bidding on an automobile at the INSURANCE Russo and Steele auction. All sales are FINAL with no recourse, and the Russo and Steele does require you to carry insurance on all purchased responsibility of the Buyer to accurately determine any and all aspects of the automobiles. Insurance coverage should begin immediately following vehicle are satisfactory BEFORE submitting a bid on the block is mandatory. consummated sale as indicated by the fall of the gavel. In Arizona, the Department of Motor Vehicles requires proof of insurance to be on file at the time of settlement. Please provide this proof to cashier with payment for PAYMENT your purchases. Russo and Steele Auction records the bidder’s number of the successful bidder upon the fall of the gavel and will provide a sales receipt at that time. Payment in full is required by 3:00pm Monday following the auction, DEALER INFORMATION or in the event of National Holiday, the first banking day following the close In order to claim sales tax exemption as a dealer please attach a copy of the Auction Sale. To expedite the process for all parties involved in each of your CURRENT dealer’s license and resale license or seller’s permit or
BUYER AND SELLER TERMS AND CONDITIONS transaction privilege tax license to the bidder’s agreement. Having this documentation on file will accelerate the settlement process. Representatives of dealers who’s names do not appear on the dealer’s license will need to present a letter from the license holder on the dealer’s letterhead assigning authority to the representative, in addition to the current dealer’s license. Payment for dealer purchases must be paid by Electronic Wire Transfer secured by an executed company check for the full purchase price and any related charges.
Heisler at Bidders@russoandsteele.com for details.
SHIPPING
Shipping arrangements are the sole responsibility of the Buyer and all vehicles must be removed from the Auction Site by Wednesday following the auction, no later than 4:00 pm. Reliable Carriers and Pilot Transport will be available on site to assist with your transportation needs, however the designated shipper is at the sole discretion and responsibility of the Buyer.
Without all exemption information on file at the time of settlement Russo and Steele must collect all applicable taxes. Once taxes are collected and recorded applications for refund must be made directly to the Arizona Department of Revenue. Russo and Steele is unable to refund collected taxes.
Vehicles not removed by Wednesday following the auction at 4:00 pm will incur substantial daily storage fees of up to $350.00 per day. Should vehicle need to be towed, a minimum $500.00 tow fee will be added. These fees are non-reversible.
PRE-AUCTION PREVIEW
TERMS AND CONDITIONS OF PURCHASE
The automobiles to be auctioned will be on display for Registered Bidders
and their guests at the auction site beginning on Wednesday at 9:00 am and continuing each day through Sunday as gates open at 9:00 am. The Russo and Steele staff will be available to answer any questions you may have regarding the auction process. We would like to remind potential buyers that the descriptions of the automobiles at the sale are not warranties and that each auto is sold “as is, where is.” Russo and Steele encourages potential buyers to inspect the vehicles before bidding to ensure to their satisfaction the condition and repairs or restoration. All risk of loss or damage passes to the buyer upon the fall of the gavel. It is suggested that you pre register your bidders credentials in order to facilitate your bidding experience.
GENERAL BIDDING
Russo and Steele reserves the ability, as a courtesy to our consignors, to position vehicles offered in an order most conducive to their sale. Please note, vehicle consignment numbers in our auction catalog are for reference only and hold no bearing to the order in which they will appear on the auction block. The auctioneer will accept bids from bidders present in the sales room, absentee bid, proxy bid, and internet bids. Absentee bids and Proxy bids may be submitted to our staff prior to the sale. Please contact Edette
All sales are final. Once a bid is placed no bidder may retract a bid made during the sale for any reason. The “Bidders Paddle” and number assigned to each bidder is the sole responsibility of that individual. This bidders number is non-transferable, and all bids utilizing this assigned number are the sole responsibility of the assigned bidder. All payments are due on or before 3:00 pm Monday following the auction via Electronic Bank Wire Transfer. In the event of a National Holiday, full payment must be made via electronic wire transfer by 3:00 pm the first official banking day following the auction sale. All payments must be in the form of bank wire transfer or Cash ONLY. Cash payments will be reported according to US Federal government requirements. No cars will be released until full payment is received. All sales are “as is” and “where is”. Bidder is responsible for all verification of condition, inspections, authenticity and completeness of any vehicle purchased. No warranties or representations of any sort are made by the Russo and Steele Auction. Statements printed in catalogs, brochures, signs, window cards and verbal statements made by auctioneers or auction staff are representations made by the seller and Russo and Steele has no obligation to verify or authenticate any such claims or representations. Any announcements made at the time of the sale supersede any earlier printed information. Buyer is responsible for all risk of loss or damage immediately upon purchase of the vehicle. All vehicles must be removed from the auction site by 4:00 pm on Wednesday following the auction. If a vehicle has been
left on the auction site Russo and Steele will arrange to ship and store the automobile at the buyer’s expense. Final bid price does not include 10% (12% Phone/Absentee/Online) buyer’s premium or applicable taxes. Buyer is responsible to pay all city, state or other taxes due where the buyer does not qualify as exempt. Proof of exemption is the buyer’s responsibility. All terms of sale posted on the auction premises, printed in sale brochures or forms, publicly announced or otherwise published are incorporated herein by reference. Please reference the complete terms and conditions on the reverse side of Consignment and Bidder Agreements.
SELLER’S TERMS AND CONDITIONS
Seller’s terms and conditions are printed on the reverse side of the consignment agreement form. Please make sure you have read and understand these terms before consigning your vehicle to the sale. Seller’s please enter auction site from Loop 101 and McDonald Exit 45. Head west on McDonald and turn right (north) on Pima Road. Continue north to auction site past Indian Bend Road/Talking Stick Way (look for Russo and Steele signage on the right.) In the event seller’s vehicle does not sell, the seller is responsible for having the no-sale vehicle removed from the site, no later than Wednesday following the auction by 4:00 pm. Vehicles left on-site after will incur a $350.00 daily storage fee. If Russo and Steele needs to have vehicle towed from auction location, a $500.00 fee will be added. These fees are non-reversible.
VEHICLE RELEASE POLICY
No vehicles will be released for any reason until MONDAY - regardless of payment status, following the auction sale. No exceptions.
PAYMENT
Payment of seller proceeds will be made as soon as possible following completion of sale, generally within fifteen business days. A bill of sale will be provided which outlines the commissions payable. Russo and Steele will not make payment until Russo and Steele has been paid by the Buyer. Please be advised however, that by contract, Russo and Steele has up to 30 days to fully reconcile payment to seller.