

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.