| | Re: Mass. Maritime boat auction
Here is how the Auction works: Its usually 2 days, a weekend in the spring and one in the fall. When you get there they give you a list of all items on the lot; Boats, motors, trailers and assorted items. The list has the description and location of the item on the lot and the estimated value. The sheet also includes instructions on how to submit a sealed bid. There are also "charter" boats which are higher priced boats wher you have an arrangement with the owner to buy it. You have a chance to look at all of the boats and poke around on the boats of interest. There are over a dozen of each, sail boats, motor boats and trailers. Most of the power boats are good project boats. Once you find a boat you like and want, you write a check for 10% of the bid amount. You seal it in an envelope and give it to the MMA personell. The monday or tuesday after the auction weekend the highest bid gets the boat. They notify you right away and you then make arrangements to get the boat once you pay the balance. There is paperwork involved, a bill of sale and they send you an IRS tax donation declaration. If your bid is not accepted the check is destroyed. The list of boats can be found on the MMA website close to the time of the auction.