Auction Season

Posted 2016-08-12 in Car

The summer is unfortunately winding down but with the release of inventory details for the upcoming fall auctions we have something to look forward to. Everything from new production cars to extremely limited and exclusive super cars dating back decades will be up for sale. To give you a better idea of what to keep an eye out for we will list some of the places where the most extraordinary cars will be sold  as well as some valuable tips  for buying cars  at auction.

The major action houses for cars, Barrett-Jackson, Mecum, Bonham’s, and Sotheby’s, all have a similar “buyer’s premium” where the buyer pays an additional fee when buying the car which goes to the auction house itself. This fee is typically around 10% of the winning bid. It’s important to have this in mind when bidding on a car, as it might get more expensive than what you at first imagined. In addition to this, it’s very important to do thorough research before you start bidding as the car may have hidden faults that could end up accounting for a lot more money than the selling price. Some auction houses allow the bidders to  get a closer look at the cars however, so take this opportunity to inspect the body for rust and look for any  leakage or suspicious construction materials.

 Among the hundreds of truly spectacular cars up for sale in the coming months, there are some that are beyond amazing, which require buyers with very deep pockets, to say the least.  We've cherry picked a few to indulge you in the absolute best of the best.

 

There are just a handful of cars that can get any petrol head’s heart pumping really hard and the 250 GT California Spider is definitely one of those. With a design that is as close as you can get to a piece of art that still serves a purpose, this car drops jaws on a regular basis. Sotheby’s expects the price to land at around $12,000,000 - $13,000,000. [Image: RM Sotheby's]

 

 When it comes to cars being able to turn heads, we would struggle to find anything in the same league as this 1950 Custom Coupé from Mercury, which is the result of 2,000 invested work hours. By looking at the outside paint job, the engine compartment and the interior, it is safe to say that these hours were not spent hanging around in the workshop. Not one single detail hasn’t been polished and perfected leaving this exceptional piece of engineering a unique testament to skilled craftsmanship.

 

Built over 80 years ago, this absolutely stunning pre-war Mercedes-Benz is one of only approximately 29 ever made and represents the absolute pinnacle of motorcar designs of the early 20th century. Its timeless design has endured to this day and has only become more sought after through the years. In 1991, this 500K underwent a meticulously thorough renovation to keep this piece of history in pristine condition and has since been carefully driven. Bonham’s auctions expect the winning bid to land around €5,000,000- €7,000,000 [Image: Bonham's]

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