Classic car auctions are all the rage these days. The collector car market has been booming for the past decade or so, and auctions have been growing accordingly, both in grandiosity and media coverage. You’ve probably seen auctions taking place on TV or online, with the biggest events being Concours-like affairs, fetching record prices which make headlines for the weeks to follow.
It’s a misconception that classic and collector car auctions are reserved for the ludicrously rich, buying cars for hundreds of thousands of dollars or more. Auctions offer enthusiasts the opportunity to network with like-minded people and are a great way to learn about special interest vehicles you might not be familiar with but find you have an interest in.
The team at GAA Classic Car Auctions offers a spectacular experience for both the first-timer or the seasoned auction goer. Devoted to producing the best classic and collector car auction experience possible, folks like Johnny Ransom, General Manager for GAA, are hands on and willing to help you with whatever needs might arise, and he’s here to explain how it all works.
In our discussion with Johnny, we cover topics like:
Check out the follow-along notes, transcript and more details for this episode at GTM
- One of the newest and hottest classic and collector car auctions on the market right now. How did GAA get started? Tell us about its history.
- You have an all-indoor venue known as “The Palace.” With 6-acres under one roof, how many cars can GAA accommodate? How many guests? Are there things to do for friends & Family that might be “dragged along” to an auction?
- Is there a genre of vehicle GAA specializes in? Muscle cars, exotics, classics, foreign/domestic?
- Any famous “auctioneers” on the GAA team?
- What are things that the first-timer should know before attending an event? What are some do’s and don’t for a first time Auction goer? Expectations?
- Walk us through the selling process? What is needed to list and sell an item with GAA?
- One of the “drawbacks” we’ve heard that causes people to shy away from Auctions comes when the bidding gets out of control and then you have to pay a 5-10% auction house premium. With prices so high, why would someone go to an auction to get a car? What is the advantage of an auction over a private or brokered sale?
- In recent years especially, we’ve seen a lot of new auction companies pop up online, selling cars via the internet. What are the benefits of this format? What are the drawbacks?
- What do you see as the hot trend right now in sales? Where do you think the market is going? What do you see as the next big thing?
- and much, much more!
Cruising their website www.gaaclassiccars.com will show there is something for everyone at their events, ranging from vintage and exotics to modern classics from all genres. With bidding options ranging from in-person, to online and telephone, buying a vehicle or piece of memorabilia is simple. The first-time and seasoned auction goer benefits from a professional staff helping you enjoy the entire experience from beginning to end. You can follow the GAA team on social @gaaclassic on Facebook, Instagram and YouTube.
Upcoming GAA Classic Car Auctions!
With 6-acres under one roof in Greensboro, North Carolina, GAA Classic Car Auctions keeps their guests comfortable in a fully climate controlled environment. No sun burns, no hats blowing off, no rain – just an enjoyable time!
