Category: Auctions

By on May 13, 2021

fastest-selling

April’s fastest-selling used vehicles were led by the BMW 2 Series, according to iSeeCars. The 20 fastest-selling used vehicles averaged 28.7 days, 1.2-1.7 times faster than it took to sell an ordinary used vehicle. The fastest-selling used vehicles included a mix of sports cars, luxury vehicles, hybrids, and minivans.

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By on April 2, 2021

VIN 001

VIN 001s are a rarity few can appreciate, let alone afford. Barrett-Jackson, auctioneers with aplomb, moved a handful of them last weekend at their auction in Scottsdale, Arizona.

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By on March 29, 2021

Dodge Challenger

A 2,000 horsepower 1970 Dodge Challenger was selected Best in Show from a group of 50 vehicles at the Barrett-Jackson auction this past weekend in Scottsdale, Arizona, and awarded the 2021 Barrett-Jackson Cup. The Challenger was among five finalists, including a ’32 Ford Tudor, ’55 Chevrolet Bel Air, ’63 Chevrolet Bel Air Wagon, and a ’70 Ford F-100 Pickup.

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By on April 12, 2018

Mopar fans are among the most steadfast automotive enthusiasts in history. Their ability to openly express their love for post-war luxury, classic muscle, and turbocharged compacts from the 1980s remains unrivaled. While an advocate for General Motors or Ford can certainly appreciate disparate models within their chosen nameplate, Mopar enthusiasts frequently push the envelope of sanity — at least, that’s the stigma.

If you’re unfamiliar with the stereotype, log into any car forum and write that you’re considering swapping an LS motor into a Plymouth, Dodge, or Chrysler. Congratulations, you just made a dozen new enemies. On the flip side of that coin, owning a vintage Mopar can win you a lot of respect within the community. While not equal in terms of prestige, owning a Dodge Aspen wagon will still net you loads of brownie points with anyone driving a Coronet Super Bee Six Pack or Omni GLH-S. Hell, at this stage in the game you might even get a thumbs up for buying a Plymouth Reliant.

Unfortunately, Chrysler’s immediate future doesn’t look nearly as bright as its often dicey past. That’s especially true for Dodge. The Viper is dead, the Challenger can’t go on forever, and annual sales are less than half of what they were 10 years ago. But its fiercely loyal enthusiast community remains, and they’ll have an opportunity to purchase the final examples of what may end up being the brand’s two most illustrious models.  Read More >

By on January 21, 2018

2019 Mustang Bullitt

While Ford hasn’t announced the pricing of the new Bullitt Mustang, the first example just sold for three-hundred grand at auction. We’re presuming future production models will be considerably more affordable because, damn, that’s a lot to spend on an appearance package and a few extra horses — even if the end result is undeniably cool.

Fortunately, all the proceeds went to supporting the Boys Republic — a charity near and dear to Steve McQueen. In addition to being remanded to the school after his own mother signed a court order that he was “incorrigible,” a matured McQueen often visited its children during the holidays and frequently donated large sums of money to the organization.  Read More >

By on June 19, 2017

Image: 2009 Maserati Touring Bellagio Fastback, image via Classic Driver

Our last Rare Ride was a true bespoke vehicle — a one-of-one Rolls-Royce coupe which drew mixed opinions from our readers. But we’ll have none of that today, as I expect only passionate and flair-y discussion once you’ve reviewed this beautiful Maserati Touring Bellagio Fastback.

Prepare yourselves.

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By on December 1, 2016

1982 Phillips Berlina brown front quarter

It seems that I’m not good at handicapping auctions. I’m sure it’s a skill that can be acquired through practice and repetition. But between the drudgery of a day job and wrangling a pair of kids, in-depth sales analysis will always get pushed to the back burner.

Still, exploring a single interesting car is never a problem. Maybe call it a Digestible Auctionable?

As I digitally strolled through the over six hundred lots offered this weekend at Mecum’s Kansas City sale, today’s 1982 Phillips Berlina stopped me cold, returning me to my teenage years and, of all things, my cheap toy-store mountain bike.

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By on November 23, 2016

RM Sotheby's Milan Auction Header, Images: RM Auctions, Inc.

Our annual feast of dead bird, fine pigskin, family arguments, cheap electronics, and roughly 200 (of 600) good episodes of The Simpsons is upon us. And once again, we take a glimpse into the wild world of classic car auctions, sure to be another magnificent family tradition.

Due to the holiday weekend here in the States, this week we look east to Milan for RM Sotheby’s Duemila Ruote 2016, an auction featuring over 400 collectibles — all at no reserve. I loved looking through this catalog. The exotics are awesome, of course, but the relatively pedestrian cars that we just don’t see here are what catch my eye.

Or, with one example, turn my stomach.

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By on November 17, 2016

1959 Volkswagen Samba red front quarter

It seems that I have much to learn about the classic car auction scene. A yearly January couch session with beer and remote in hand is clearly not enough to understand how cars go under the gavel. Depending on how I feel like keeping score, I’ve slipped well below the Mendoza line in my two short weeks handicapping vintage auto sales.

Fortunately, I have another chance for redemption this weekend. Once again, Mecum is doing the selling, this time in sunny Anaheim, California. I’m now seriously regretting not flying west to cover this week’s Los Angeles Auto Show.

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By on November 10, 2016

1982 Jeep Scrambler white custom woody

Well, that didn’t go as planned. Though, working from a baseball analogy, batting .250 isn’t too bad. More on last week’s picks later — on to the new stuff in sunny Florida!

For years, Carlisle has been shorthand for a series of massive swap meets in a central Pennsylvania town. I’ve not had the pleasure of a Carlisle event yet, but I’m imagining a million-acre orgy of rusty cars and parts. In other words, heaven.

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By on November 3, 2016

Mecum Auction Dallas 2015

I have a sickness. I can’t stop shopping for classic cars I’ve no hope of buying. While I’ve been shopping eBay, Craigslist, various forums, and other classic sites over the years, I’ve never spent much time looking at auctions. The prices seem inflated — especially when the auction house’s cut is considered.

But perhaps that’s a good thing. Private party sales via classifieds introduce a significant element of risk, either via outright fraud or the natural problems of handing over either a title or a wad of cash to an outright stranger. Classic car auctions are appealing since there is a nominally neutral third-party involved in the transaction.

So, I’ve decided to virtually wade into the crowd and see what’s coming Across The Block. In an occasional series, I’ll pick out several interesting cars coming up for auction that weekend, discuss them briefly, and make wild guesses to their eventual hammer price.

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By on April 15, 2016

Mark stands in front of his demolished Ford Focus, Image: © 2013 Matthew Guy/The Truth About Cars

Note: I’ve mentioned my one-time demo derby experience in the comments on a few occasions, so here’s the full story. This piece originally ran on Autos.ca and was later republished on autoTRADER.ca. It’s republished here with permission. I hope you enjoy it. —MS

Public auctions are usually a sea of bad decisions waiting to find a home in a new idiot’s garage or driveway. At one particular auction over the summer, I was the idiot, and my bad decision lay in wait with bated breath in the lot of automotive shame.

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By on January 4, 2016

Escort_wreck_006

Salvage and rebuilt vehicle listings on Craigslist (and other classified sites) are ubiquitous. They often manifest themselves as late-model metal with low prices and even lower standards of ad copy.

But have you ever wondered how those vehicles end up on Craigslist in the first place? What happens to a salvage or rebuilt vehicle between the time it’s sold at auction and its first appearance on your local classified site?

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By on December 10, 2015

titleloan

Many people rely on title loans when money is tight, regardless of their infamous predatory nature and high interest rates. However, getting that loan is much like playing Russian Roulette — and with similar odds. According to a recent PEW study, one out of every nine title loans results in a repossession, with the titled vehicle eventually heading to auction. 

Recently, I received a notice that a large title loan vendor was to auction off over 500 vehicles. My curiosity got the better of me. Armed with the auction run list and a VIN history tool, I decided to take a look at what ends up at these auctions and how they get there.

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By on September 3, 2015

Used cars

Going to visit a dealer on a rainy day or the third Sunday after a holiday might not help you get a better deal on a used car, but tracking how long it’s been sitting on the lot may work in your favor. Aged inventory takes up valuable lot space while interest adds up every day motivating most dealers to drop the price to sell it quickly.

Most cars arrive on a dealer lot arrive from wholesale auctions or customer trade-in and are paid out from dealer funds or by a loan through floorplan financing. As with most loans, interest and fees are paid until the loan is satisfied for the floorplan. Each day of interest cuts into the potential profit for a vehicle so dealers try to move inventory as quickly as possible.

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