CAR, TRUCK, MOTORCYCLE anD RELATED VEHICULAR EQUIPMENT APPRAISALS SERVING ENTHUSIASTS AND INDUSTRY SINCE 1994





UPDATE (October 2023): The Collector Car Market is Healthy, but...



There are quite a few anomalies appearing in the market and quasi-trends that make it difficult to predict values and provide buy or sell recommendations.


Unlike the stock market, much of the collector car market is influenced by emotion and disposable income, not corporate balance sheets or profit and loss statements. In addition, ease (and sense of security) of buying and selling are also factors. Consider the number of options available to obtain your dream collectible(s). The popularity of online auction platforms have increased considerably and the popularity of these platforms has grown considerably post-COVID similar to the increase in remote work arrangements. In the US, Bring-A-Trailer, Hemmings, Hagerty and of course Ebay bring thousands of cars to market every week.

Sell though rates on these sites are impressive considering most buyers never even see the vehicle in person until it arrives in their driveways! For week ending August 28th 2023, Bring-A-Trailer sold 572 vehicles alone! On the 29th, 92 more cars sold at a sell through rate of 75%.






WOULD YOU BID ON THIS 1966 SUNBEAM TIGER WITHOUT SEEING IT IN PERSON?



The online bidding platforms are attractive. As a buyer, they allow you to peruse hundreds of cars without leaving your home. You can ask questions and request more pictures or videos. You can benefit from the questions and observations of others, some who might even know what they are talking about!


As a seller, you can set a reserve (recommended), don't have to travel to an auction site and usually pay less in the way of premiums and fees. However as a seller, you're on the hook for comprehensive photography including documentation, have to endure lots of questions and little real payment guarantees.


As a buyer, you likely have not actually seen or driven the vehicle, so you may end up being disappointed (Yes, I have been there). So in the end, weigh the risks and proceed with caution.


You can mitigate your risks. Do your research and consider hiring a local appraiser to check into your prospective purchase/sale and provide some professional advice. It’s usually money well spent.