In April I look forward to
Barrett Jackson muscle car
auction for their quarterly auction on muscle cars, however, and this mostly
has nothing to do with Barrett Jackson. I hold responsible this on the
Speed network since they do the filming. They don't always do a good job
filming the car that is coming up for auction. Of course also I have to say
the Barrett Jackson does take the car off before the auction on the
particular muscle car is over which is something I do not agree with.
Mecum
car auction however, car auction competition in my opinion
does a better job in their video photography to show us the cars that are
being auctioned off. As one example, Mecum’s car auction consistently shows
the interior of the car where Barrett Jackson’s car auction will always
consistently show the same footage of the side of the car or the engine
repeatedly, Barrett Jackson muscle car auction I believe has higher ratings
because their own Speed network versus Mecum. There
is also another large muscle car auction I almost for got to mention
and they are Russo
and Steel. We hope that someday these muscle car auction will
come to popularity like baseball and football.
A two-sided question comes to mind when a friend will
ask me about a muscle car auction. I will ask this person “are you buying or
are you selling?” Especially since buying at an auction is so much
different than selling a car at an auction. There's a lot of research one
has to do prior to the auction. Number one is what car and my interested in?
If it's a 1969 Shelby Mustang or a
Camaro SS one would be in a high
competitive position with other buyers which will drive the price up. So
let's say that you're interested in buying a Camaro SS. And, you're open to
the years from 1967 to say 1971. First thing you need to start doing any
research is finding out what these cars are actually selling for in past
auctions it will take some work so you'll need to create a spreadsheet. Top
line of the spreadsheet might have price, the date, what auction it was sold
at, and whatever else you'd like to see at the top of the spreadsheet like,
whether the Camaro is in SS, Camaro SS clone, Camaro SS with matching
numbers Camaro SS convertible, engine size and the list can go on. You may
want to create a spreadsheet for each car year you are interested in. As
another example in 1967 Camaro SS with a big block engine may be just one
spreadsheet. And on the left-hand side you try to list as many Camaro SS
with big block engines as possible to get a general idea what they are
selling for. After you've grabbed an average from this car you can create
one master spreadsheet as a summary of all the cars you're interested in.
This is one of the good ways to become prepared when getting ready to make a
bid. This same method can be used for the seller as well but, it would be
much easier for the fact that you only have one car to do the research on.
This gives you a good idea of what your car could possibly sell for and
whether or not you want to add a reserve. Keep in mind, when adding a
reserve; even though it is a safety net it can sometimes inhibit a higher
price for the car. As a buyer at a muscle car auction it's always good to
get there on the first day for there is always less competition and high
chance that you may get a really good deal on the muscle car that you are
interested in. As for the seller, it would behoove you to try to get the car
to sell on a Saturday or Sunday when these are the days when you have a more
packed crowd and a higher chance to get a higher price.
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