There’s always a crop of newcomers and those reluctant to participate, lacking a clear understanding of the protocol and unwritten etiquette involved in serious car auctions. We asked a group of the world’s most experienced car auction participants for insider tips to avoid making rookie mistakes at a car auction.
Last month in Scottsdale, Arizona, a restored 1958 Alfa Romeo Giulietta Spider Veloce sold for $176,000 at the Bonhams auction in Scottsdale (including premium). Think about that: $176k can still buy a 40-year-newer Ferrari 550 Maranello, or a brand new Porsche 911 Turbo with a smattering of options.