SuperCar Sage

FAQ – Hammer SOLD!

Overview

About

Hammer SOLD! is a membership community auction platform for buyers and sellers of vehicles in the SC Sage database of over 70,000 Ferrari, Lamborghini, McLaren and Porsches. As a pure auction platform, limited to vehicles in the SC Sage database, Hammer SOLD! is the highest integrity online auction platform for supercars and sportscars in the world. Focused on low cost, maximum flexibility and member qualification, Hammer SOLD! provides buyers and sellers of the world’s finest marques a superior online experience uncluttered by classified ads, non-vehicle offerings and unsolicited third party interference.

Zero Commission

There are no transaction commission percentages on Hammer SOLD! If an auction ends with a buyer meeting or exceeding the seller’s price each member (seller and buyer) pays a flat platform fee of $250 regardless of the final value of the vehicle. There are no listing or bidding fees. And there are no hidden processing fees or mandatory services.

Self Service

The Hammer SOLD! auction platform is fully supported by SC Sage but is 100% self-service. Members have full control over their listings and are responsible for all content contained in their auctions, with full access to the SC Sage database to support their auction descriptive and pricing. Sellers have full access to the SC Sage database to evaluate each vehicle and its market. Support services are available from third party sources but not directly from SC Sage eliminating, all platform bias at every step of the process (eg. description creative, photo shoots, html ad builds, PPI, title handling, transaction escrow). Support services also include proxy buying a selling.

100% Transparency

Hammer SOLD! is 100% transparent. Members are encouraged to communicate about vehicles directly on or off line. As a member only platform only members can communicate or comment directly on the platform. Third party discussion regarding auctions is encouraged through Twitter using hashtags and SC Sage’s proprietary vehicle identification digits which SC Sage assigns to every VIN in its database and which are published in the auction listings.

Cost

The cost to participate in SC Sage’s Hammer SOLD! platform are as follows:

  • Registration – one-time fee – $35
  • Unlimited Bidding Privilege – active Premium, Premium Plus or Premium Pro membership in SC Sage
  • Unlimited Listing Privilege – active Premium Plus or Premium Pro membership in SC Sage
  • Buyer Concession – $250 flat fee per vehicle – no % commission – no cap on purchase price
  • Seller Concession – $250 flat fee per vehicle – no % commission – no cap on sale price

Registration

Requirements

Premium, Premium Plus and Premium Pro members of SC Sage are authorized to register for Hammer SOLD! access. Registration requires paying a one-time $35 registration fee which is used to authenticate the member’s contact information and credit facility. Because registration fees are used to authenticate through a third party provider, they are non-refundable.

If a member downgrades their SC Sage membership level from Premium, Premium Plus or Premium Pro they will lose access to their Hammer SOLD! account. To regain access to the account requires upgrading to Premium, Premium Plus or Premium Pro. When upgrading to access a previously registered Hammer SOLD! account there is no additional registration fee.

SC Sage Membership

Registering for Hammer SOLD! requires being an active member of SC Sage at the Premium, Premium Plus or Premium Pro membership level. To verify their status members must use their SC Sage email address as their Hammer SOLD! email address.

Maintaining access to Hammer SOLD! requires being an active member of SC Sage at the Premium, Premium Plus or Premium Pro membership level. At each log in the email address you use for Hammer SOLD! is used to verify your SC Sage membership status. If your SC Sage membership level changes from Premium, Premium Plus or Premium Pro you will lose access to the Hammer SOLD! platform.

Logging in to Hammer SOLD! requires an active Premium, Premium Plus or Premium Pro SC Sage membership.

NOTE: IF YOU CHANGE YOUR EMAIL ADDRESS ON HAMMER SOLD! OR SC SAGE YOU MUST CHANGE YOUR EMAIL ADDRESS TO MATCH ON THE OTHER SITE. YOU WILL LOSE ACCESS TO HAMMER SOLD! IF BOTH SITES DO NOT HAVE THE EXACT SAME MATCHING EMAIL ADDRESS ON RECORD.

Member Validation

In addition to SC Sage membership level and email verification, all registrations for Hammer SOLD! are manually validated using independent third party verification. As part of its security protocol, Hammer SOLD! uses member registration fees to validate provided name, address, telephone number and credit card.

Terms and Conditions

When registering for SC Sage members agree to to be bound by the terms and conditions of the Hammer SOLD! platform. To review the terms and conditions for Hammer SOLD! refer to the SMALL FOOTPRINT MEDIA LLC TERMS OF USE AGREEMENT.

Listing

No Limits

Premium Plus and Premium Pro members can put to auction an unlimited number vehicles concurrently and maintain their listings, subject to duration limits, for as long as they maintain an active membership in SC Sage at the required membership level. If the required membership level is not maintained all listings will be canceled. Reinstatement of authorized membership status will require creation of new listings. Concurrent duplicate listings are not allowed.

VINs

To start a new listing requires submission of the vehicle’s VIN. The VIN must be in the SC Sage database to qualify for listing. VINs submitted which are not in the database will be rejected. To pre-verify that a VIN is in the SC Sage database submit the VIN using the SC Sage VIN Check App. Members may contact SC Sage to request that a VIN be added to the database in the event that a vehicle to be listed is not present. For a current list of supported vehicles consult the SC Sage Database Models page.

Categories

Auction categories on Hammer SOLD! reflect the Marque, Model, Submodel and Body of vehicles in the SC Sage database, as applicable. Each vehicle must be categorized down to the Submodel level. Keywords can be used in the auction listing descriptions for purposes of adding terms for user searches. View the list of current categories here.

Pricing

Hammer SOLD! features true auction pricing with reserve and make an offer. Buy it now is a non-auction classified ad equivalent and therefore is not supported.

While the starting bid may be set at any number, the platform wide minimum opening bid is fixed at $5,000. We recommend setting a starting bid price of $25,000 or greater. Minimum bid increments are $5,000 up to $25,000, $250 up to $100,000, $500 up to $250,000 and $1,000 thereafter.

For no reserve auctions leave the Reserve Price field empty. For reserve auctions the reserve price must exceed the starting bid.

Duration

Listing duration is selectable in increments of 1, 3, 5, 7, 10, 15 and 30 days. Up to six automatic renewals can be preset. Everything from a one day no reserve flash sale to a 180 day continuous auction is possible.

Scheduled auctions, active auctions and any scheduled auction relistings do not expire when a member downgrades their SC Sage membership from Premium Plus or Premium Pro. However, access to the Hammer SOLD! platform is forfeited and no changes can be made. To make changes after a downgrade requires upgrading to Premium Plus or Premium Pro to to regain access.

Scheduling

Listing start date and time is fully customizable using the date scheduler. There is no limit on the start date delay. Start delays survive downgrades of SC Sage membership from Premium Plus or Premium Pro. If you save your listing as a draft be sure to update the listing start date and time before activating.

Fields

In addition to the VIN, some descriptive fields are required for listing. These are:

  • Marque
  • Model
  • Submodel
  • Transmission
  • Year
  • Exterior Color
  • Interior Color
  • Mileage

Description

A description of any length can be added to the listing. If additional images or other more detailed description are required we suggest using the built in HTML editor. There is no limit in character length for either the text or HTML editors.

NOTE: Once a listing has bids you cannot edit the description content directly. If you need to edit the description content please contact us with your changes and we will upload them for you.

HTML Editor

As an alternate to description input to the text editor members may select to use an HTML coded description using the built in HTML CK Editor. See the demo HTML template and instructions. There is no limit in character length for either the text or HTMl editors.

NOTE: Once a listing has bids you cannot edit the description content directly. If you need to edit the description content please contact us with your changes and we will upload them for you.

Model Links

Save valuable time and listing space by using the following page links to add a “Read About This Model” hyperlink to the description.

  • https://scsage.com/models/#ferrari
  • https://scsage.com/models/#lamborghini
  • https://scsage.com/models/#mclaren
  • https://scsage.com/models/#porsche

Images

Each auction listing can host up to 20 images with a minimum of 5 subject vehicle images required. There is no limit on the number of images embedded in HTML content. Uploaded images are saved as SC Sage ‘Seller Images’ and can be viewed by authorized SC Sage members using the Vehicle Page App. Auctions without the minimum of 5 subject vehicle images may be deleted.

YouTube

Listings can contain a YouTube video url embed that populates the YouTube view logo in the image stream. Clicking the video logo opens the YouTube video in a new window.

AutoCheck

All listings have auto generated links providing access to the current Experian AutoCheck report for the VIN being listed. Through the Vehicle Page App anyone can view the report, no log in required. To enable the Autocheck report for viewing log in to your SC Sage account and navigate to the Vehicle Page App. Enter your SC Sage email address and the VIN and submit search to generate the vehicle page. At the bottom of the new vehicle page click the Autocheck report banner to generate a report in a new window. The Autocheck report can now be viewed through the Vehicle Page App without logging in by entering the VIN and submitting the search.

Special

Several value add listing options are available at additional cost. These features persist for the duration of the auction listing. The value added options are:

 

  • Featured – auction listing displayed on the homepage
  • Sale Badge – banner draped over auction listing image thumbnail
  • Bold – listing header text emphasized

Bidding

PreBid

Premium, Premium Plus and Premium Pro members can bid on an unlimited number of concurrent auctions. Members are encouraged to communicate with each other regarding vehicles and their condition. It is the sole responsibility of the buyer to determine the condition of a vehicle prior to purchase. Sellers should make every attempt to make their vehicles available for inspection and to provide all buyer requested documentation during the auction.

Increments

Hammer SOLD! features true auction pricing with reserve and make an offer. While the starting bid may be set at any number by the seller, the platform wide minimum opening bid is fixed at $5,000 with $5,000 bid increments up to $25,000, $250 bid increments up to $100,000, $500 bid increments up to $250,000 and $1,000 bid increments thereafter.

Proxy

Proxy bids allow buyers to set a maximum bid price and to have their bid automatically increase when counter bids are made, up to their maximum bid.

Instant

Instant bidding allows for a bid to be automatically entered which is the minimum bid increment at the current price level.

Sniping

Winning bids placed within 5 minutes of an auction end automatically extends the bidding by an additional 5 minutes. This provides time for member notification that a previously winning bid has been surpassed.

Comments

While anyone can view Hammer SOLD! auction listings only logged in members can ask questions or comment through the platform. Third party discussion regarding auctions is encouraged through Twitter using hashtags and SC Sage’s proprietary vehicle identification digits which SC Sage assigns to every VIN in its database and which are published in the auction listings.

Closing

Winning

By making a bid, buyers are making an offer to purchase a vehicle at the bid price, which if accepted, forms a binding contract to purchase the vehicle between the buyer and the seller. If an auction ends with a buyer meeting or exceeding the seller’s price and the bids of all other buyers, the buyer is considered to have won the auction. The winning buyer is expected to close their purchase transaction in coordination with the seller. If an auction winning buyer does not close the transaction by paying for a vehicle within the time frame required bv the seller, the seller has the right to rescind the transaction with no further obligation to, and without recourse from, the buyer.

Transaction

Hammer SOLD! does not monitor nor process transactions. After the auction ends sellers and buyers are expected to cooperate fully to close the transaction and to arrange delivery of the vehicle. The platform operates on an honor system which if violated can result in the permanent removal of a member’s access to the platform. Members are encouraged to contact SC Sage regarding any issues of concern regarding an auction or transaction.

Transaction Fee

If an auction ends successfully, with a buyer meeting or exceeding the seller’s price, each member (buyer and seller) pays a flat platform fee of $250 regardless of the final value of the vehicle. If a transaction does not close after the auction ends, Hammer SOLD! buyer and seller fees are not refundable.

Warranty

Small Footprint Media LLC makes no warranty as to the vehicles sold through the Hammer SOLD! platform or the specific performance of any member. Small Footprint Media LLC performs no due diligence on listed vehicles, their condition or ownership. Members are prequalified for access to the platform only, personal histories are not investigated. Small Footprint Media LLC, its owners, employees and agents are not liable for any defects in any vehicle or any member non-performance, for any reason, whatsoever, and members hold the same harmless from and against any and all claims, liability and damages with respect to any defect in any vehicle listed for auction on the Hammer SOLD! platform or any non-performance by any member.

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