Hong Kong – Auctions of traditional vehicle registration marks to be held on June 3 and 4

Auctions of traditional vehicle registration marks to be held on June 3 and 4


     The Transport Department (TD) today (May 17) announced that two auctions of traditional vehicle registration marks will be held on June 3 (Saturday) and 4 (Sunday), in Meeting Room N201, L2, New Wing, Hong Kong Convention and Exhibition Centre, Wan Chai.

     “A total of 340 vehicle registration marks will be put up for public sale at each auction. The lists of marks have been uploaded to the department’s website, www.td.gov.hk/en/public_services/vehicle_registration_mark/index.html,” a department spokesman said.

     Applicants who have paid a deposit of $1,000 to reserve a mark for auction should also participate in the bidding (including the first bid at the reserve price of $1,000). Otherwise, the mark concerned may be sold to another bidder at the reserve price.

     People who wish to participate in the bidding at the auction should take note of the following important points:

(1) Successful bidders are required to produce the following documents for completion of registration and payment procedures immediately after the successful bidding:
(i) the identity document of the successful bidder;
(ii) the identity document of the purchaser if it is different from the successful bidder;
(iii) a copy of the Certificate of Incorporation if the purchaser is a body corporate; and
(iv) a crossed cheque made payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. (For an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed.) Successful bidders can also pay through the Easy Pay System (EPS). Payment by post-dated cheques, cash or other methods will not be accepted.

(2) Purchasers must make payment of the purchase price through EPS or by crossed cheque and complete the Memorandum of Sale of Registration Mark immediately after the bidding. Subsequent alteration of the particulars in the memorandum will not be permitted.

(3) A vehicle registration mark can only be assigned to a motor vehicle which is registered in the name of the purchaser. The Certificate of Incorporation must be produced immediately by the purchaser if a vehicle registration mark purchased is to be registered under the name of a body corporate.

(4) Special registration marks are non-transferable. Where the ownership of a motor vehicle with a special registration mark is transferred, the allocation of the special registration mark shall be cancelled.

(5) The purchaser shall, within 12 months after the date of auction, apply to the Commissioner for Transport for the registration mark to be assigned to a motor vehicle registered in the name of the purchaser. If the purchaser fails to assign the registration mark within 12 months, allocation of the mark will be cancelled and arranged for re-allocation in accordance with the statutory provision without prior notice to the purchaser.

     For other auction details, please refer to the Guidance Notes – Auction of Traditional Vehicle Registration Marks, which can be downloaded from the department’s website, www.td.gov.hk/en/public_services/vehicle_registration_mark/tvrm_auction/index.html.

Harcourts Auctions Takes on San Francisco’s Iconic Lombard Street

 Harcourts Auctions is proud to be partnering with ReMax listing agent Debbie Lamica to auction off a rare two-story penthouse on one of the most famous and iconic streets in the world: San Francisco’s Lombard Street.

Harcourts Auctions, a luxury auction company specializing in seller owned property has rapidly expanded across North America and has had its eye on 1079 Lombard Street, this two-story, 3100 square foot penthouse. “Debbie Lamica and I have been talking about this property for a year now,” said Shannon Mesritz, Harcourts Auctions Regional Director of Auctions. “It’s nice to finally have it on the Harcourts Auction platform. We’re proud to be assisting in marketing such a property.” Constructed in 1907, this three-bedroom, five-bathroom home boasts majestic views of the bay area from nearly every room in the house. With direct access to three exclusive outdoor spaces, a wet bar, and two balconies, this is a social buyer’s dream home come true.

Perfectly perched near the top of the “Crookedest Street in the World,” this property is even more alluring with the possibility of an upgrade. Mesritz explained, “It’s in this location with such an amazing view of the San Francisco Bay. It also has a Bay Bridge view, which at night is just stunning…If it were completely stripped down and reconfigured…it would be absolutely stunning and just the most incredible entertainer’s house ever.” In addition, Mesrtiz added that this home’s views come with protections, “It also has restrictions placed on adjoining properties where that view can’t be built out. The previous owners purchased the rights on the adjacent building to make sure that they couldn’t build upwards and ruin their view. Kind of a unique thing to this property.”

Mesrtiz recognizes that this property might not be on everyone’s radar despite the home’s spectacular views and world-famous location. “It’s going to take a particular buyer that is more interested in such an iconic location, a statement piece, or generational piece of property that they can pass down, just because of how rarely property is available on this street. ‘Crookedest street in the world,’ as they say. It’s a special place to be.”

With this being such a rare, iconic property, the best way to maximize its value is selling through Harcourts Auctions. Harcourts Auctions pioneered the non-distressed, luxury auction platform in real estate, and despite it being a relatively new process in the Bay area, it has caught on tremendously, and as it flourishes, it will only continue to be normalized. “We are really, really proud of how quickly that uptake has been and how our agents are using it, especially as we start to look at market normalization or a little bit of correction after some interest rate hikes that seem to be spooking buyers and sellers alike. We are excited about how our growth on the platform is going,” Mesritz finished by exuding, “Especially having a property of this caliber on our platform speaks volumes about that engagement from agents in general here in the Bay Area.”

Harcourts Auctions is the leading name in home auctions in the United States and globally. They seek to redefine and reinvent auctions by bringing an unparalleled level of expertise to every aspect of the transaction. Built on transparency, trust, and a continuous drive for success, Harcourts Auctions regularly produces outstanding outcomes when buying or selling property.


Harcourts Auctions

Calista Green

+1 949 632 4955




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