Failed super cop car goes to auction
Hollywood has a huge impact on value of collector cars. This sale is a first for RK Motors' nascent auction division. Though it will physically take place in Charlotte, N.C., a portion of the Nov. 2 event will also be simulcast to Abu Dhabi. There, another auctioneer will be collecting live bids from the audience, who will watch the auction on screens measuring 30 feet by 18 feet, Mathews said. "Anybody can put their sale on the Internet. That's not a big deal," Mathews said. "We actually take the live auction effort and market it to those foreign countries." The company hopes to expand to the point where it's hosting five to six auctions a year in the U.S., while also boosting the number of international locations for the simulcasts. "Our objective is to create a network of bidders internationally and to always make the sale available to those bidders," Mathews said. This first auction will feature 250 cars sold over two days. Other highlights include a 1954 Mercedes-Benz 300SL Gullwing, a 2002 Mercedes-Benz CLK GTR V-12 roadster -- one of only six ever built, and a 1977 Chevrolet Nova NASCAR raced by Dale Earnhardt Sr. Yet many collectors and race fans will be watching the McLaren sale intently.
Auto Show: Q&A with collector-car auctioneer Craig Jackson By W.J. Hennigan November 21, 2013, 11:18 a.m. For more than 40 years, Barrett-Jackson Auction Co. has been one of largest collector-car auction houses in the world. Hundreds of the most sought-after, high-dollar automobiles cross their block in Scottsdale, Ariz.; Palm Beach, Fla.; Reno-Tahoe, Nev. and Las Vegas each year. But Craig Jackson, company chief executive, says the upcoming show in Scottsdale could be their biggest show ever. About 1,400 cars are set to be sold, including a red 1954 Plymouth Belmont one-off concept car, a maroon 1929 Duesenberg SJ Lebaron Sweep Panel Dual Cowl Phaeton, and a cherry 1967 Chevrolet Corvette L88. Also LIVE: The latest photos, facts from LA Auto Show The auction, set for Jan. 12-19, will air live on national TV for nearly 40 hours on Fox Sports 1 and 2, Fox Business and the National Geographic Channel .
With the weeks events drawing a huge international audience, its a perfect opportunity for the auction houses to capitalize, Hagerty said. PHOTOS: Highlights from Pebble Beach car week Five auction companies held sales this year: RM Auctions, Gooding & Co., Bonhams, Mecum, and Russo & Steele. Demonstrating their increasing ability to match cars with the target audience, 71 vehicles sold for $1 million or more. Thats up from 57 in 2012 and 31 in 2011, according to Hagerty. RM Auctions was the big winner among the sellers. It sold a rare 1967 Ferrari 275 GTB/4*S N.A.R.T. Spider for $27.5 million on Saturday night. That figure, which includes commission, makes it the most expensive road car ever sold at auction. In all, RMs sales during its two nights of auctions were up 31% over 2012. Rival auction house Gooding & Co. concluded the Monterey events with its final auction on Sunday night.
Buying Cars at Auction
MITCHELL Detroit Free Press Fullscreen The Carbon E7 is a purpose-built, law enforcement prototype vehicle with an aluminum space frame and turbo diesel engine. The prototype was made by Carbon Motors and already has 12,000 orders even though production will not start for 3 years. KIMBERLY P. MITCHELL/Detroit Free Press (Via OlyDrop) KIMBERLY P. MITCHELL Detroit Free Press Some key controls were on the steering wheel of the Carbon E7 KIMBERLY P. MITCHELL Detroit Free Press The Carbon E7 had a big central display terminal KIMBERLY P. MITCHELL Detroit Free Press The lights and siren panel of the Carbon E7 featured a lot of choices KIMBERLY P. MITCHELL Detroit Free Press The prototype Carbon E7 had a unique color scheme KIMBERLY P. MITCHELL Detroit Free Press The interior of the Carbon E7 had seats especially designed for big officers carrying a lot of gear KIMBERLY P.
RIVERSIDE: Manheim Riverside is the biggest wheel in the used-car market
You must keep in mind that not every estate auction is going to have a Jay Leno-type car collection to unload, however it is possible to come across some real automotive gems when you least expect it. With that said, you're limited to one or two chances to prevail in the bidding war that will inevitably ensue. Since estate auctions are one-off opportunities to sell merchandise, this factor could work in a buyer's favor. Not only are these auctions usually undiscovered by other potential bidders, it is also likely that the condition of the vehicles featured in the auction will be much better than those sold at various other auctions. Online Auction More efficient and far-reaching than conventional auctions, online auctions are strongly embraced by mainstream consumers these days -- hey, who doesn't want to buy a car from the comfort of their own home? While there's many online auctions selling automobiles, eBay Motors quickly rose as a front-running alternative for used car classifieds. With just a scroll and click of a mouse, bidders can view ranges of vehicles, from early '90s Chevy Cavaliers to a classic Chevrolet Corvette. There is no limit to the make or year of cars available online; you just have to be willing to lend the time and effort to perusing through the entire lot to find what you want. Another major advantage of buying a vehicle in an online auction like eBay Motors is that bidding is free and there are no additional costs or commissions to the buyer. The only fees are paid by the seller, totaling $90, which are the lowest fees of any auction we came across.
Schumacher’s first F1 championship car hitting auction block
The vehicles sold at auction come from a mix of sources: rental companies, fleets, dealer consignments, bank- or manufacturer-owned (including the pink Mary Kay Cadillacs, which are reconditioned and repainted white), and vehicles coming off lease, repossessions and trade-ins from buyers who bought new replacements. Hurst, 46, a Rancho Cucamonga native, is a proud 909er, as he calls himself. A graduate from Cal State Bernardino with a degree in business administration and accounting, he, his wife and two kids live in that city. He said that since joining Manheim Riverside in 1994, the most expensive car to sell was an $800,000 Bugatti. Manheim Riverside opened with four lanes in 1988. Besides more than doubling that number, the company has added a paint and body shop, full mechanical shop and reconditioning and detail facility, capable of processing more than 500 vehicles weekly. As the used-car market blew up, Manheim has expanded its operations to include consulting, financing for dealers transport, listing assistance, market reports and mobile listing, searching and bidding services. Located at 6446 Fremont St., Manheim Riverside, which employs 300, just got a bit bigger. In September the company opened its California Service Center in the former Dow Jones building once owned by the Wall Street Journal at 6900 Jurupa Ave. At the dedication ceremony recently, Riverside Mayor Rusty Bailey praised the auto auctions economic impact on the region, here. estimated at $40 million a year. The 89,000-square-foot facility, he said, will provide another major boost to the area.
Monterey car auctions set a record -- $301.9 million in sales
1, when the car that took Michael Schumacher to his first of seven World Driving Championships goes up for auction. British auction house Bonhams is set to sell the 1994 Cosworth/Ford-powered Benetton B194, and it is expected that the car will fetch a price upwards of 600,000 GBP or almost $1 million USD. This wont be the first valuable F1 machine that Bonhams has sold this year. Back in July, Juan Manuel Fangios 1954 Mercedes W196 was sold for 19.6 million GBP, which made it the most valuable motor vehicle ever sold at auction. The B194-05 chassis that will be auctioned off Dec. 1 was used in the 1994 San Marino Grand Prix known infamously as the race in which Formula One great Ayrton Senna lost his life. Schumacher won that race and went on to more wins in Monaco, Canada and France that year in the B194-05. According to Bonhams , extensive recent engineering work on the car includes a great site restoration of its Cosworth/Ford Zetec engine, a new gearbox, and a paddle-shifting gear change system. Additionally, the lucky buyer will also receive a test drive of the B194 at its current base in Spain.