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 Frequently Asked Questions

Need more help? E-mail us with your questions! info@thcauction.com

General Auction Questions

What is an Absolute Auction?
What is a Proxy Bid & how does it work? What is a Left Bid?
What is a Buyers Premium?
What is a Bank Letter of Guarantee, and when do I need it?
What is an approved check?

Vehicle Auction Questions

What does "TMU" stand for in your vehicle auction page?
How do I find auction results for vehicle auctions?
What are the payment terms for vehicle auctions?
What is the Thomas Hirchak Company definition of the Light System?
What happens to the vehicles that don't sell?

Fine Art Auction Questions

What do the abbreviations stand for in your painting catalog descriptions?
(examples: SLR, O/C, etc.)

What is an Absolute Auction?

In an absolute auction the highest bid wins the auction, regardless of price.

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What is a proxy bid & how does it work?

If you want to bid at an auction but can't attend, the Hirchak Company will bid on your behalf if you make a proxy bid. A proxy bid is also known as a "left bid." You decide on what item or items you want and how much you would be willing to pay for each item.

Fill out the proxy bid form (stating the item, description and highest bid you are willing to make, along with name, address, phone, credit card, etc. as indicated) and mail or fax it to us so that we receive it by noon on the day before the auction.

The clerk from the Hirchak Company will bid on your behalf at the auction. We will bid only up to the amount you've indicated on your proxy bid form.

Bidding at Hirchak Auctions happens in increments stated by the auctioneer (starting fairly low and working its way up) so you may win an item for less than the full price you stated on your proxy bid form!

Click here for a Proxy Bid Form to print out & fax to us.

The proxy bid form is in pdf file format and you'll need Acrobat Reader to get it. If you don't have Acrobat on your computer, click on the link below to download it for free.

Click here to download Acrobat Reader for free!

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What is a Buyers Premium?

A Buyers Premium is added to the selling price of each item; it is an agreed upon percentage to pay for the costs of the auction. It is different with each auction; however, in most antiques and collectibles auctions the Buyers Premium is 10% over the selling price.

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What is a Bank Letter of Guarantee, and when do I need it?

The need for a bank letter of guarantee will be stated in the auction terms. Although we don't require a letter of guarantee at all of our auctions, you will need a bank letter of guarantee at some of our auctions if you're paying by check, including the State of Vermont Surplus Auctions.

Bank letters need to be on bank letterhead and signed by a bank officer. The following format should be used:

* * * * * * * * * *

Bank Letter of Guarantee

______________________(bank name) guarantees payment to Thomas Hirchak Company from _____________________(customer name) on account number _____________(your account #), up to the amount of ____________($ amount). This guarantee is valid for purchases at the _____________________________(auction name/auction date).

___________________________(name of bank officer)

__________________________(title)

_________________________(date)

* * * * * * * * * *

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What is an approved check?

An approved check is an in-state company or personal check with name and address printed on the check. Additionally, the person creating the check must have a photo ID and, if it is a company check, proof of authority to sign the check.

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Vehicle Auction Questions

What does "TMU" stand for in your Vehicle Auction Page?

TMU = Total Mileage Unknown

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How do I find Auction Results for Vehicle Auctions?

Results of vehicle auctions are posted the Tuesday or Wednesday after the vehicle auction in the "Results" section of our site. Use the link on the left hand side of the page to access this information.

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What are the Payment Terms for Vehicle Auctions?

A 25% deposit is due at the time of purchase. Personal check, cash, certified funds and credit card (with 3% added on acceptance.)

Each Vehicle Sale will be Assessed A Buyers Premium which will be added to your high bid price & become part of the Purchase Price. Here are the premiums:

On Sale Price*:

Your Premium

$0 - $499

$50.00

$500 - $999

$75.00

$1,000 - $1,999

$90.00

$2,000 - $4,999

$100.00

$5,000 - $6,999

$110.00

$7,000 - $9,999

$130.00

$10,000 - $11,999

$150.00

$12,000 - $19,999

$175.00

$20,000 - $29,999

$225.00

$30,000 - $39,999

$325.00

$40,000 - $49,999

$425.00

$50,000 & Over

$600.00

 

Balance due in cash, certified funds or credit card (w/ 3%). Balance can be paid Saturday after auction, or Monday or Tuesday following auction from 9 to 5.

Vehicle is not released until paid in full.

* On non vehicle items, i.e., push mowers, garden tractors, snow blowers, etc., selling under $499, the Buyers Premium is 10% of high bid price. On any purchase there is a $100 minimum deposit. If the sum of the purchase price and the Buyers premium is less than $100, the item is payable with cash in full at the time of purchase.

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Here are the detailed terms of sale, on the cover of every Thomas Hirchak Company Vehicle Catalog: 

ADDITIONAL TERMS OF SALE - This is meant to be a guide. WHILE EVERY EFFORT HAS BEEN MADE TO ENSURE ACCURACY IN THIS CATALOG, WE ARE NOT RESPONSIBLE FOR ERRORS, OMISSIONS, DELETIONS OR ADDITIONS. PURCHASERS ARE ADVISED TO INSPECT VEHICLES - mechanical, body, windshield, and interior - to make their own determination of condition. Neither the Auctioneer nor the Consignors shall be responsible for the correct description, authenticity, genuineness of, or defect in any lot, and makes no warranty in connection therewith. No allowance will be made or sale set aside on account of incorrectness, error in cataloging, or any imperfection. It is the buyer's responsibility to verify any missing information in the catalog. Please refer to an addendum or ask at the front desk. No deductions will be allowed on damaged articles as ALL GOODS ARE BEING SOLD "AS IS" AND WITHOUT RECOURSE.

PAYMENT: VEHICLES - Minimum 25% Deposit Required at time of high bid. On any purchase there is a $100 minimum deposit. If the total of the purchase price and the buyers premium is less than $100, the item must be paid in full with cash at the time of bid acceptance. ALL PRICES BID REFLECT A 3% CASH DISCOUNT THAT CAN NOT BE EARNED FOR CREDIT CARD ORDERS. Payment in full or balance due on vehicles must be paid in CASH or CERTIFIED FUNDS (personal checks accepted ONLY with bank letter of guarantee) to the Thomas Hirchak Company Office, 131 Dorset Lane, Williston, Vermont, on or before the Tuesday following the auction at 5 PM. Failure to pay balance due or stopping payment on a check will result in the loss of any and all present and future auction privileges at any Thomas Hirchak Company Auction. All vehicles must be removed from Thomas Hirchak Company property by the first Thursday following the Auction. Vehicles left beyond that date will be subject to a $10.00/day storage charge. Gates will be open the Monday and Tuesday following the auction from 9 a.m. to 5 p.m. Purchasers are urged to move their vehicles out of the storage area during these hours. Vehicles left on Thomas Hirchak Company property for more than 5 days following the Auction will be towed & impounded at owners expense, no exceptions. Thomas Hirchak Company has the right to secure any vehicle that has accrued storage. Thomas Hirchak Company is not responsible for any damage, vandalism, theft, etc. to vehicles left on Thomas Hirchak Company property at any time. All sales subject to Buyers Premium, which will be added to high bid to determine purchase price. Please refer to schedule on next page.

TRANSMISSIONS: All vehicles are sold under the Thomas Hirchak Company Light System. Please refer to next page for definition of the light system. Transmission does not apply to red light vehicles.

DEPOSIT FORFEIT: Any purchaser will forfeit their deposit under the following circumstances: failure to pay balance by the specified time; if purchaser decides that he no longer wants the vehicle, for whatever reason.

PURCHASERS ARE ADVISED TO INSPECT ALL VEHICLES AS ALL GOODS ARE BEING SOLD "AS IS" AND WITHOUT RECOURSE. NO VEHICLE OR PAPERWORK WILL BE RELEASED UNTIL VEHICLE IS PAID IN FULL.

SPECIAL CONDITIONS: Vehicles with salvage or rebuilt titles may not be able to be registered in Massachusetts or New York State. Vehicles 1990 or older with only a Bill of Sale may not be able to be registered in New York or some other states. It is the buyer's responsibility to check with the auction office prior to the auction to verify if there is a title or last valid registration for these vehicles, or the DMV of their state for requirements. No sale will be set aside due to buyer not doing his/her due diligence.

  • Vermont DMV does not require titles on vehicles 1990 and older. It is the buyer's responsibility to check with the auction office to see if there is a title for these vehicles. No sale will be set aside due to buyer not doing his or her due diligence.
  • Damaged or Rotten Frames & Strut Towers must be declared by seller. If not, buyer can void sale within 48 hours.
  • Discharged or removed air bags must be declared by seller.

KEY TERMS: Lot # - for identification and order of sale; VIN - Serial Number; Miles - Mileage or Kilometers (designated as K) to best knowledge; TMU - indicates true mileage unknown; T/A- Title Attached - Title, Bill of Sale and/or last Valid Registration not available day of Auction. Auction will provide to buyer within 10 days: Branded title: Salvage or rebuilt.

POSSESSION OF A BIDDER'S NUMBER ACKNOWLEDGES AGREEMENT WITH THE TERMS OF SALE AS POSTED, SIGNED, AND ON THE CATALOG. The name on the bidder registration will be the name on the title and the bill of sale issued on auction day. NO CHANGES. Please register accordingly.

Some of the items in today's sale have reserve bids. It is our intention to sell the items IF the high bids are confirmed by the seller(s). Buyer will be issued a "Title" or "Title w/Affidavit of Repossession" or certificate to obtain Title (US Marshal Service) or appropriate paperwork to register Motor Vehicle in Vermont. Buyer must present certificate(s), Bill of Sale, or title(s), etc., to Motor Vehicle Department to register vehicles. Announcements from auction block take precedence over previous information.

**YOU MUST BE 18 YEARS OF AGE

TO REGISTER TO BID**

Children must be accompanied by an adult at all times.

No children allowed in Auction vehicles.

 

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What is the Thomas Hirchak Company Definition of Light System?

Color of "light" is indicated in the catalog at the vehicle auctions.

Green Light

Sold with right to test drive within one hour of payment in full. Buyer must notify Auction Office within that 1 hour of any defect. Mechanically sound with no defects in engine or drive train. Drive Train includes: Clutch, Transfer Cases, 4x4 Systems (Incl. Lock out hubs, shift on the fly systems), Drive shafts, CV Joints, Gear Box, and Differential. Subject to all visible defects. Subject to not over $500.00 mechanical defects unless announced. After one hour of payment in full lapses, the transaction becomes "As Is" again.

 

 

Yellow Light

Sold with transmission test only. Subject to all other defects. Sold with transmission test drive within one hour of payment in full. Buyer must notify Auction Office within that 1 hour of payment of any defects. After one hour of payment in full lapses, the transaction becomes "As Is" again.

 

Red Light

  • All vehicles over 100,000 miles.
  • All TMU.
  • All branded titles.
  • All vehicles selling for less than $1000, automatically become red light.
  • All RVs, motorcycles, boats, trailers, buses, gray market vehicles, former police and municipal vehicles, former taxies.
  • All off block sales are strictly "As Is."
  • Sold subject to all defects, including possible transmission defects, and may imply unsafe for the road. Vehicles with branded title and/or TMU. No test drive.

 

Blue Light

Title, Bill of Sale or Last Valid Registration attached. Seller must produce title or appropriate paperwork within 10 business days. Any seller not having proper paperwork must sell under blue light. Buyer cautioned not to sell or spend money on vehicle until all paperwork is delivered.

 

White Light

Branded title - Salvage and/or rebuilt, theft recovery, abandoned or other. Check with your state's DMV Rules and Regulations regarding registering branded title vehicles. Some states, i.e.: New York, do not allow registration of salvage vehicles.

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What happens to the vehicles that don't sell?

The cars that do not sell go back to their owners. Sometimes the owners decide to run them through another auction, sometimes not.

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Fine Art Auction Questions

What do the abbreviations stand for in your painting catalog descriptions (SLR, O/C, etc.)?

Glossary of painting terms

Est.

Estimated value

Framed Size

Size of entirety, including the frame.

 

Mediums and surfaces

O/C/B

Oil on canvas-board

A/B

Acrylic on board

O/B

Oil on board

W/C

Watercolor

O/P

Oil on paper

A/P

Acrylic on paper

A/C/B

Acrylic on canvas-board

 

Signatures

SLC

Signed lower center

SLR

Signed lower right

SUR

Signed upper right

SLC

Signed lower center

SUL

Signed upper left

 

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Thomas Hirchak Company
1878 Cadys Falls Road Morrisville, VT 05661 (802) 888-4662
PHONE 800-634-7653 • FAX (802) 888-2211
E-mail: info@thcauction.com

Williston Facility: PHONE (802) 878-9200 • FAX (802) 878-0222

  

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