We are particularly interested in vehicles that meet the following criteria:
High Restoration Standards: Vehicles restored to exceptional quality tend to generate more interest.
Rarity: Unique or hard-to-find vehicles naturally attract more bidders.
Popularity: Well-known models with a strong following often achieve higher bids.
These factors contribute to competitive bidding, often leading buyers to exceed their initial budget to secure a sought-after item.
Vehicles Less Suited for Auction:
From our experience, certain types of vehicles are less likely to meet their reserve prices at auction. This includes:
Common Vehicles: Models that are frequently available through other channels may not generate the bidding excitement necessary for a successful sale.
Recently Listed Vehicles: Vehicles that have been offered for sale through other platforms within six months of our auction may struggle to attract new interest, especially if the original asking price remains unchanged.
Understanding Market Value:
It’s important to note that the market value of a vehicle can fluctuate and is not solely determined by past purchase prices or restoration investments. While we understand the sentimental and financial value of your vehicle, auction outcomes are influenced by current market demand.
Our Approach to Reserve Prices:
Given the auction model, where commissions are applied to both the buyer and the seller, we must be critical in determining minimum reserve prices. No matter how unique or special a vehicle may be, if the reserve price is, in our professional opinion, set too high, we will opt not to include the vehicle in the auction. This ensures that neither the buyer, the seller or the auction house invests time and resources in a sale that is unlikely to materialize.
With our extensive experience handling numerous lots, we believe we can accurately assess realistic minimum reserve values.
Let’s Discuss Your Vehicle’s Potential:
We are happy to provide a professional appraisal and advise you on whether your vehicle is suited for auction at this time. Our goal is to help you achieve the best possible result, and we’re here to guide you through the process with transparency and expertise.
If you’re considering consigning a vehicle, we encourage you to reach out to us for a consultation. Together, we can determine if your vehicle aligns with the unique dynamics of an auction environment.
Contact us today to discuss the potential of your vehicle or collection. We look forward to working with you!
Note: While this information is intended for potential consignors, we believe transparency benefits all parties involved. Buyers can trust that each vehicle in our auctions has been carefully selected to ensure quality, desirability and fair pricing.
