We’ve learned a few things over the past 20 years about how to buy exotic, vintage and luxury cars, whether they’re new or previously owned. So we’ve created a 5-part series to pass that information along to serious car enthusiasts like you. Part 3 in our series tells you everything you need to know about buying and selling at auction.
Celebrating its 25th anniversary, the Amelia Island Concours d’Elegance in Florida stands as one of the finest collector-car events in North America. This year, auction houses include RM Sotheby’s, Gooding & Company and Bonhams, plus plenty of events from the Concours D’Elegance and Porsche Club of America.
In a few weeks at the Amelia Island Concours d’ Elegance, Gooding & Company’s auction will offer a 75,000-mile 1994 BMW 850CSi in the stunning shade Hellrot (German for light red). Pre-sale estimates put this car between $90,000-$110,000, approximately the same price as when the car was new.
Six auction houses are featured, showcasing cars from 1924 to 1941. Marques such as Cadillac, Rolls-Royce, Duesenberg, Auburn, La Salle, Oldsmobile, Buick, and Hispano-Suiza are among the cars up for auction.
Learn firsthand the ins and outs of proper car auction etiquette from Premier Financial’s Southeast Regional Manager, Chris Warren, in his interview with The Weekly Driver.
There’s always a crop of newcomers and those reluctant to participate, lacking a clear understanding of the protocol and unwritten etiquette involved in serious car auctions. We asked a group of the world’s most experienced car auction participants for insider tips to avoid making rookie mistakes at a car auction.