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Tom Krefetz and a prospective car buyer Looking over a vintage car for auction, Barrett-Jackson Classic Car Auction, Scottsdale, Ariz.
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Inside the Auction Take a whirlwind auction tour, and see how to save a couple of bucks in online bidding--or thousands of dollars among true collectors. Learn how a dream classic sports car might be affordable, then share the best-kept secret of the auction world: the behind-the-scenes bargains after the hammer has fallen. Whether your budget is a hundred or a hundred thousand, you can enhance your buying power.
General Auctions
- Don't start bidding for your item right at the beginning.
- You must bid using one of three distinct methods.
- Verbal bids must be clear to avoid error and missed bargains.
- Phone bids will protect your identity.
- Absentee bids will keep you from overspending.
- Start to bid when it's down to two people, and one of them is hesitating.
- Avoid bidding in round numbers.
- Predetermine your bid range, or your final bid price.
- Despite the excitement, don't get carried away and over bid.
- Don't give up. Items that don't meet their reserve are often negotiable post auction.
Resources
Doyle New York
Kathleen Doyle, CEO and Chairman
212-427-2730
www.doylenewyork.com
Sotheby's
New York City
212-606-7000
www.sothebys.com
Ann LeConey
Interior Designer
241 East 78th Street
New York, NY 10021
212-472-1265
Classic Car Auctions Resources
Classic Showcase
San Marcos, California
Sales: 760-747-3188
Restoring and buying: 760-747-9947
www.classicshowcase.com
Barrett-Jackson Classic Car Auction
Scottsdale, Arizona
480-421-6694
www.barrett-jackson.com
eBay
- For items over $500, eBay suggests using an escrow service to monitor the transaction, protecting both parties.
- On any give day, there are more than 12 million items across 18,000 categories listed on eBay."
eBay for Dummies by Marsha Collier, et al
collierad.com/coolebaytools
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