Mecum Auctions- Pricing

Actually,

I'm more curious about hearing from people that have actually bid before, because I'm curious what the "MECUM" checkover on the car is prior to bid? Also, what does the seller have to divulge as far as issues with the car? I know it's risky, but a car with bad compression isn't worth half the price as it would be if it were otherwise. Hope to hear from somebody. BTW, I never hear anything about classic cars where I live, so I almost have to go to conventions or watch classic TV shows. This is on HD Theater.

Thanks again!