Bids and Beauties: Your Go-To Guide for Navigating the World of Classic Car Auctions

by AutoExpert   |  13 September, 2023

Share :

Who else shares our excitement about classic car auctions? Imagine being in a room with beauties like a 1967 Shelby GT500 or a 1957 Mercedes-Benz 300 SL Roadster. Whether you're a casual observer or aiming to add a classic to your collection, let’s delve into how to make the most out of these captivating events.

The Why: More Than Just Rubber and Metal

Classic cars are more than just vehicles; they're a slice of history, an art form, and, surprisingly, a compelling investment option.

For Instance: A 1962 Ferrari 250 GTO was auctioned for a record-breaking $48.4 million at RM Sotheby’s in 2018. That's more than most people make in a lifetime!

Classic Car Auctions

Doing Your Homework: Research, Research, Research

Before you head to any auction, whether it's Barrett-Jackson, RM Sotheby's, or Bonhams, get to know your potential buys. Say you're interested in a 1970 Plymouth Superbird; you'd want to know that its average auction price recently hovers around $250,000.

Classic Car Auctions

Dress Code: Make a Statement

We've been to these events, and we’ve seen how a put-together look can set you apart. We're not saying black-tie, but maybe ditch the gym clothes.

Real Story: We know of a bidder who clinched a 1965 Aston Martin DB5 for around $1.5 million, and he credits part of his success to the confident aura his attire gave him.

Classic Car Auctions

Where to Go: Picking Your Auction Playground

There are different types of auctions: online, live, or telephone-based. At a live auction like Barrett-Jackson, for example, you can inspect a 1985 BMW M3 with an expected price range of $60,000-$70,000 before making a bid.

Classic Car Auctions

The Art of the Bid: Making Your Move

Remember the Ferrari 250 GTO? A keen understanding of bidding tactics could help you win such a prize. Start with smaller bids, read the room, and when the time is right—go big!

A Bit of Auction Lore: Veteran bidders sometimes employ tricks like bidding in odd numbers to throw off the competition!

After the Gavel: Taking Your Prize Home

You’ve won, but remember, there's more—transaction fees, shipping, maybe even restoration. Say you've won a 1971 Plymouth Hemi Cuda for $3.5 million; you might be looking at an extra $350,000 in fees!

Classic Car Auctions

To Sum Up: Keep Cruising

Win or lose, every auction teaches you something new. Keep your eye on the prize and, who knows, maybe one day you'll be the proud owner of a vehicle as iconic as the 1956 Jaguar D-Type that sold for $21.78 million!

Recomended:

Revitalize Your Ride: The Ultimate Guide to Professional Car Detailing - Photo
Tips & Tricks
Revitalize Your Ride: The Ultimate Guide to Professional Car Detailing

Car feeling a little less "brand new" and a little more "mystery crumb monster?"  Yeah, we've all been there. Food bits falling, beverages spilling, other nasty stuff - da

AutoExpert
Choosing the Perfect Leather Seat Color for Your Car: Black vs. White - Photo
Tips & Tricks
Choosing the Perfect Leather Seat Color for Your Car: Black vs. White

Okay, so you've decided to pimp your ride with some swanky leather seats – good choice! But now you're stuck on the color. Black? White? Decisions, decisions...This isn't a black

AutoExpert
Lady Gaga Rocks Car Part Dress at Chromatica Ball Premiere - Photo
Others
Lady Gaga Rocks Car Part Dress at Chromatica Ball Premiere

Lady Gaga never disappoints when it comes to red carpet entrances, and for the premiere of her new concert film "Chromatica Ball," she went full-on gearhead glam. Yes, you read that right &n

AutoExpert
Automotive Nightmares: Share Your Worst Car Horror Stories! - Photo
Others
Automotive Nightmares: Share Your Worst Car Horror Stories!

We've all seen them, those cars that look like they were assembled by squirrels with wrenches. We're talking massive panel gaps that would make a Fiat Multipla blush, interiors that rattle lik

AutoExpert
How to Choose the Perfect Car: Your Essential Guide to Matching Life with the Right Ride - Photo
Tips & Tricks
How to Choose the Perfect Car: Your Essential Guide to Matching Life with the Right Ride

Imagine you're standing in a showroom packed with shiny new rides, each one promising the world. But how do you know which one actually fits your life? That's where this guide comes in, your f

AutoExpert
Ten-Time Champion: Meet The Land Cruiser 10th Victory Edition - Photo
Car News
Ten-Time Champion: Meet The Land Cruiser 10th Victory Edition

To commemorate their tenth straight Dakar Rally victory, Toyota unveiled a limited-edition Land Cruiser J300 in the UAE. The Land Cruiser 10th Victory Edition boasts dark highlights, 18-inch alloy whe

AutoExpert
A Tribute To Legends: Bugatti Chiron Super Sport Honors Type 55 - Photo
Car News
A Tribute To Legends: Bugatti Chiron Super Sport Honors Type 55

This special Chiron Super Sport we have here is an homage to the legendary Type 55 Super Sport. In homage to the original Super Sport, this "55 1 of 1" custom vehicle showcases Jean Bugatti&

AutoExpert
2026 FlexEVan Unveiled, U1st Vision Concept Revolutionizes Mobile Services - Photo
Others
2026 FlexEVan Unveiled, U1st Vision Concept Revolutionizes Mobile Services

A consortium of businesses known as the Software République introduces You First Vision, also known as U1st Vision. This "technology demonstrator," which claims to "hail a new er

AutoExpert
A Whiff Of Racing: Nissan's 'Smell My Dust' Combines Tire And Cherry Blossom Scents - Photo
Others
A Whiff Of Racing: Nissan's 'Smell My Dust' Combines Tire And Cherry Blossom Scents

The new Nissan perfume has a hybrid scent that combines the scents of tires and cherry blossoms—a nod to Japan's international fame for the flower. "Smell My Dust" is the name of t

AutoExpert
New Volkswagen Golf GTI Clubsport Brings More Power, More Style - Photo
Car News
New Volkswagen Golf GTI Clubsport Brings More Power, More Style

On May 31, the new Volkswagen Golf GTI Clubsport will make its formal appearance. Here's another teaser from WV, adding to the collection that has been building up to this point.Aside from a r

AutoExpert