at least that's what we used to think, especially after watching the Barrett-Jackson auctions.
The cars that roll across the auction block are highly-rated, completely restored, low production number cars that most of us can’t afford to put in our garage. In addition, we love muscle cars and most of the cars at the Barrett-Jackson don’t fall into our favorite category.
We were happy to find out we were mistaken! Read on to see why muscle car auctions should definitely be part of your search.
Here's how it works in a nutshell:
(Note that this information in much greater detail is readily available on the Mecum website.)
You pay to park and then you pay to enter the auction site. Parking is usually inexpensive. Admission was $20 per day to enter the auctions we attended. That's it! Unless you want to buy a car...
To buy a car, you register to bid. At Mecum it costs $100 to bid and includes entry for each day + a guest pass. A $500 temp charge is put on your charge card or you can provide $500 cash. Note that there is a buyers premium to be paid on any car you purchase. This is based on a sliding scale. The latest info can be found at Mecum's website.
You will get bidder credentials that allow access to the auction floor. There is a green sheet available each day to list all the cars for sale, in order being sold.
the website in advance to see what muscle cars will be auctioned.
Once you are registered, use the daily green sheet to find the cars you are most interested in and go right to their location.
Just like at an online auction such as eBay Motors, cars can be auctioned with a reserve price. This means that the seller has determined that he will not sell the car for less than a stated price that is unknown by the people bidding. Some cars are sold without a reserve and go to the highest bidder.
Here's a tip: go early in the morning right when the action starts. Less expensive cars for sale are auctioned and you can get a real deal. We've seen classic Mustangs, Firebirds and Challengers sell below market in the early hours.
If you'd like to know more about muscle car auctions, check out the field report we posted after attending the Mecum auction in Kissimmee.
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