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.
This is the last sale location for Extra Space Storage Inc in this area,The next Sale after today will be on Wednesday March 20, 2019. Our 1st sale is ESS @ 9:30 AM at 1204 28th St. Grand Rapids, MI We then proced to ESS @ 10:30 AM at 4438 Spartan Industrial Grandville. Next is ESS @ 1:00 PM at 3512 Martin Luther King Blvd. Lansing, MI After Lansing is Mt. Clemens & then Shelby MI .GO TO our Web Page www.tateauctioneers.com click HOME Page...
Do the homework, sometimes even ‘bad’ car can be a great deal at an auction. I recently bought a minivan that was listed as having a blown transmission. A little research discovered this is a common problem for that make and year. At the preview, I had my mechanic (whom I trust) on speed dial and got an estimate on the spot to replace the transmission with a new, 5-year warrentied rebuilt one. The bids on the van were low (who’d buy a vehicle with a bad transmission?), and even with the purchase price, the cost of the new transmission and towing to my mechanic, it still came in way below KBB value. And I know it has a worry-free transmission for the next 5 years. So don’t let even a ‘problem’ car scare you off if you’re willing to do the homework and hassle of getting it fixed.
You could tell that most people knew each other. It felt like these few dozen bidders were part of an exclusive network of junkyard owners and flip-artists who have been bidding on cars against each other for years. Every now and then, when one guy outbid another, you’d see the losing bidder lean over to a friend and talk shit on the winner. “He just buys cars for the sake of buying them. He probably makes no money,” I heard one guy whisper. Police auctions are full of mysteries and secrets.
These programs are meant to benefit taxpayers as a whole, but could they benefit you, the individual taxpayer? Can you bag a bargain at a government auction? "GSA's goal is to maximize return to the federal government," the GSA spokesperson said. So they're not giving this stuff away. In fact, the government sets "reserves" or minimums for the most valuable property it auctions off. But judging from a wide tour of current government auctions and bids, there are still opportunities to walk away with valuable goods for a great price. Here's a look at who's selling what, where, and for how much.
In economics we tend to think of auctions as a good way to get at the true price of an object. Of course, it isn’t quite perfect as there’s still problems with information asymmetries, and people can get a winner’s curse because the people who err in thinking the car is worth more than it actually is are the ones who are likely to win. On the other hand, the price can go lower if there just aren’t enough people at the auction for that to happen– you need at least two people over-valuing the object and willing to pay for it for one of them to over-pay.
LARGE PUBLIC AUCTIONSATURDAY, MARCH 16, 20199:00AMKIRBY LYONS AUCTION FACILITYBLDG. #2 (White Building) 5317 Sebring-Warner Rd., Greenville, Ohio 45331Doors open at 8:00AM*PREVIEW DAY IS FRIDAY, MARCH 15th FROM 12:00PM TO 5:00PM* 1999 MAZDA MIATA CONVERTIBLE – ALUMINUM UTILITY TRAILER – 4-WHEEL SCOOTER – ANTIQUE & MODERN FURNITURE – [ View Full Listing ]
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