How to sell a car at auction ?

William, you have a PM.

 

You're selling the Countach...?!? :::Gasp!:::

Say it ain't so...!

 

William, I'd be interesting in hearing what you find out. I'm thinking of selling a Porsche that I have stashed in CT and the Mannhien auction in PA. Are you thinking of a public auction like RM or somebody like that?

DrTax

 

I'm certainly interested in how you make out. - I've sold aircraft on Ebay with very good results. Just be ready for a TON of questions unless you provide every detail that you can think of. I started my auctions a bit lower than I wanted, but with no reserve, and free delivery in the US. That seemed to attract quite a few buyers, with the results being more than I expected.

I always include a phase like thee following:

10% deposit by wire transfer within 48 hrs of close required

The wire eliminates any problems with fake bank checks, delays, etc. and lets you know if the buyer is a non-payer in enough time to offer it to the next highest bidder. Any problems, you have the money and the car.

For how much are you thinking of listing?

 

I have gone to Auburn a few times, and No Reserve works best. It gets more people in the action. It is also important to have the right crowd, so choosing your auction will determine the audience. Choose wisely.

 

Hints for selling at auction:

1. Register in time so you get a picture in the brochure

2. Full detailing--Don't try to sell a dirty car. (many people do, believe it or not)

3. For three day weekend auctions like BJ, pay for placement on Saturday afternoon. (Friday people are gauging the market and getting warmed up and they feel comforatble by Saturday)

4. Full documentation service records, all keys, covers, manuals

5. Drive the car yourself from the holding area to the auction block. This is a major pain, but, many people miss the pre-sale viewing and do the inspections as the cars are queing and you need to be there to answer questions.

6. Auctioneers will try harder for no reserve cars. They will work it. It is a good strategy for low value cars or cars where there is a very wide buyer universe, I am unsure of where your car fits in here. Regardless, you can lift the reserve on the block and the auctioneers will give you a few more minutes of block time

7 Make sure you calculate sellers fees, listing fees, and transportation into your alchemy do decide whether or not you should go the auction route.


Rob


www.bridgehamptonmotoringclub.com

The Finest Collector Car Storage Facility on the Planet

 

Bring it to Barrett Jackson next year and call it a muscle car.