|
 There's nothing quite like a collector-car auction to get an
enthusiast's pulse racing. Think of it: Dozens, if not hundreds, of cars
in one place, each about to become the property of some lucky high
bidder. An auction is the sort of place where anything can happen, which
is why the high-octane spectacles in Monterey and Scottsdale make for
must-see TV.
First Things First
All auctions, from the headline-grabbing megasales to the hundreds of
low-key events that take place in every region of the country, have
exactly the same function: They create a market that allows an owner to
sell a car for the highest possible price before a group of qualified
buyers.
The process of putting together an auction actually begins months
ahead of time. Auction houses put a tremendous amount of work into
finding consignments, usually by taking out ads and communicating with
known collectors with whom they may have done business before. It's in
the best interest of the seller and the auction company to get these
consignments in as early as possible, so that potential bidders can plan
accordingly.
Read the Whole Article
| 
