High-end classic car auctions like the Barrett-Jackson events are common on cable channels with three-digit numbers, such as Speed and HD Theater. Perfect Shelby Cobras, Ferraris with long racing pedigrees, glorious Duesenbergs, exceedingly rare muscle cars and old Mercedes roadsters so gorgeous that your eyes water cross the block and sell for insane prices.
If a dealership sends a car to auction, it’s because they decided the necessary repairs needed to make it “dealer-standard” were too expensive-often the car will looks outstanding and pass a visual inspection, and then when you get it home, you’ll find out it had a bent frame or some other major repair which can make the car quite dangerous. Dealers are in the business of making money, and if they think the car wasn’t good enough to sell, why on earth would you think it was a good bet? There’s a reason these cars go for half price at auction.
But ordinary folk typically don’t have the means to attend high-end events like these, so we have to settle for the local auction block, with all of its police impounded “perp-mobiles,” abandoned clunkers, and donated jalopies. But regardless of what kind of crap is being auctioned off, there are diamonds in the rough that can be unearthed, and as a bidder, you stand a chance of getting one for pennies on the dollar. 

MoneySupermarket.com Financial Group Limited is authorised and regulated by the Financial Conduct Authority (FRN: 303190). The registered office address of both MoneySupermarket.com Group PLC and MoneySupermarket.com Financial Group Limited (registered in England No. 3157344) is MoneySupermarket House, St. David's Park, Ewloe, Chester, CH5 3UZ. MoneySavingExpert.com Limited is an appointed representative of MoneySupermarket.com Financial Group Limited.

Watch the mood and trend of the crowd in the bidding before your vehicle comes up for sale. I've noticed that at auctions there are frugal crowds and there are spendy crowds. I don't know why this is. I've seen furniture, tools, and kitchen cabinets sell for 10% of retail. But I've also seen them sell at what you'd pay for full retail in a store at the same auction house on different days. There doesn't seem to be any rhyme or reason to it. Always be prepared to walk away. There'll be another auction in a week or two.
"As our police business has grown, we've been approached by other liquidators," Bellomo said. "This downturn has put 3,000 brick-and-mortar retail stores out of business. There is distressed merchandise all over the United States. Brand-new jewelry and watches, authentic sports memorabilia, fine art. Liquidators are coming to us and saying, 'Can you work with us the way you work with police agencies. Can you turn this excess inventory into cash?'
In recent years, public auctions have become commonly referred to as “the mechanic’s auction,” where lots can quickly become a money pit for novice bidders. There is no guarantee on the authenticity of the mileage on the odometer here, and since it’s an auction, you can’t drive the vehicle prior to bidding on it. This is a place where flood vehicles sell for top dollar after being hastily reupholstered in the hopes of duping amateur bidders, and cars with bad engines come loaded with heavy-duty oil in order to ensure it doesn’t belch smoke or leak on the auction block.
Webstore.com is an auction site that is supported by donations and advertisements, so costs are kept low, and there are no membership fees. Although not everything is sold at auction at this site, the site's online auctions are highly rated for rare and collectible merchandise and state-of-the-art electronics. Auction categories include cameras, art, music, sports memorabilia, real estate and more.
Easy Payment: Pay manually or use Auto Pay! Manual payment allows you to choose which card you want to use on every transaction. Auto Pay is set up through your account details. By keeping a valid payment method on file, your auctions will be processed automatically so that you never miss a payment! Special discounts are available to customers choosing Auto Pay.
×