The Pros and Cons of Selling at an Auction

Photo courtesy of Mecum Auctions Classic car auctions get a huge amount of media attention and the general assumption seems to be that it’s the most common way for people to sell a classic car. In fact, auction sales make up only about 3% of sales (by volume, not dollars) and there are very definite pros and cons to selling via auction. Here are some of the most notable: Pros Auction Companies Generally do an Excellent Job of Marketing: Auction companies, particularly the high-end ones that conduct catalog sales, spend a tremendous amount of time and money publicizing their sales, and photographing, researching and describing cars. Auction Companies Take Care of the Messy Stuff: In private sales, the responsibility for dealing with issues of title and payment fall on the shoulders of the seller.