Many people find that the sight of a restored vintage car moving along the thruway, with a new layer of shining paint and chrome accents glimmering in the sun, brings a huge smile to their face as they review magnificent recollections of earlier times. For those like us at Leland West Insurance who value the workmanship and attention that goes into breathing life into these wonders back, a classic car auction may be an essential occasion that could even entice one to begin offering with the goal that they can guarantee the classic collectible for themselves.
Classic car auctions have for some time been a most loved sort of occasion for car lovers of any age to visit. Before the bidding gets in progress, which can get fairly warmed with an enthusiastic crowd, there is a timeframe when individuals can wander through the presentations of the vintage models and welcome the ageless and rich lines of the vehicles that will before long be offered on the auction block.
You will find that attending a classic car auction is very different from going to a public auto auction. While the general, public auctions are more plentiful, they will offer very different types of vehicles, such as salvage car parts, to seized and repossessed cars. They will not have the classic, restored vehicles that are part of a collector car auction.
In the case of public auto auctions, people hope to find a decent car at a good price that will get them to and from work. Seldom will there be much of a bidding war on the very average and ordinary vehicles that are seen at government auto auctions and the like. But all the rules change when attending a collector car auction with an enthusiastic group of avid car collectors who know all about every model and who are looking forward to either starting their own collection or adding to one they already have.
Even if you are not planning to bid on any of the vintage models that are being sold at an auction for classic cars, they are wonderful events to attend. In one place you can check out a wide range of cars from many different eras, which are in immaculate shape, having been lovingly and attentively restored, and are sometimes an improvement over the original model.
Because the market for the classic, collectible cars is a fairly tight market and there is so much interest in the vintage vehicles that are either still in great shape or that have been restored, a collector car auction is not the place to look for a bargain. If a particular model of a classic car is rather rare or in high demand, then there could be an intense bidding war that will drive the winning bid much higher than any Blue Book estimate.
At the same time, sometimes you can get a better deal through a classic car auction than if you were to buy directly from a private owner. It all comes down to who else happens to attend the collector car auction and how determined they are to have that vehicle in their garage, instead of yours.
Leland West Insurance 