Top 10 Collector Car Auctions in the USA

Summary

• Mecum Auctions: Largest collector car auction with a focus on volume and variety.

• Barrett-Jackson: Known for its vibrant atmosphere, charity auctions, and extensive range of vehicles.

• RM Sotheby’s: Prestigious auctions specializing in luxury and rare vehicles with a focus on historical significance.

• Gooding & Company: High-end auction house known for curating historically significant cars.

• Bonhams: Combines automotive history and art auctions, offering a unique blend of culture and classic cars.

• Russo and Steele: Features an "auction-in-the-round" format with a focus on muscle cars and interactivity.

• Worldwide Auctioneers: Boutique auctions with personalized service and rare vehicles.

• Auctions America (RM Sotheby’s): Known for American muscle and European classics, now integrated with RM Sotheby’s.

• Leake Auctions: Family-owned, with a regional focus and deep tradition in classic car auctions.

• Amelia Island Auctions: Features multiple prestigious auctions during the Amelia Island Concours, offering a blend of high-end cars.

The Allure of Collector Car Auctions in the USA

Collector car auctions in the United States are more than just opportunities to buy and sell rare vehicles; they are cultural events that attract car enthusiasts, historians, and investors alike. These auctions showcase automotive history, offering participants the chance to own a piece of the past. Whether it's the rumble of a classic muscle car or the elegance of a vintage European sports car, these auctions bring together the most sought-after vehicles and the passionate collectors who cherish them.

1. Mecum Auctions

Overview:
Founded in 1988 by Dana Mecum, Mecum Auctions has become synonymous with large-scale collector car auctions, offering a staggering variety of vehicles at events across the United States. It’s known for attracting both seasoned collectors and first-time bidders due to its accessible and diverse offerings.

Notable Events:
The Kissimmee Auction in Florida is the largest collector car auction globally, featuring over 3,500 vehicles. This event is a marathon of car culture, attracting tens of thousands of visitors each year. Another highlight is the annual Indianapolis auction, where muscle cars and rare classics dominate the scene.

Notable Sales and Vehicle Significance:
Mecum has facilitated the sale of numerous iconic vehicles. The 1968 Ford Mustang GT "Bullitt," famously driven by Steve McQueen in the movie Bullitt, sold for $3.4 million in 2020. The significance of this car goes beyond its movie fame; it's a symbol of American muscle and cinematic history. Another remarkable sale was the 1965 Shelby GT350R Prototype, which fetched $3.85 million in 2022, showcasing the enduring legacy of Carroll Shelby’s performance engineering.

Unique Aspects:
Mecum Auctions stands out for its sheer scale and the diversity of vehicles available. Whether you're interested in American muscle, European exotics, or even motorcycles, Mecum has something for everyone. The auction’s approachable format and the option to bid online make it accessible to a broad audience.

2. Barrett-Jackson

Overview:
Barrett-Jackson, established in 1971, has become a household name in the collector car auction industry. Known for its high-energy events and extensive range of vehicles, Barrett-Jackson auctions are as much about the experience as they are about the cars.

Notable Events:
The Scottsdale Auction is Barrett-Jackson's marquee event, spanning over a week and featuring hundreds of vehicles. It’s more than just an auction—it’s a festival that includes exhibitions, demonstrations, and charity events. The Scottsdale event sets the tone for the year’s collector car market.

Notable Sales and Vehicle Significance:
Barrett-Jackson is particularly known for its charity auctions. For instance, the first production 2020 Chevrolet Corvette Stingray was sold for $3 million in 2020, with the proceeds going to charity. This car marked a significant shift in Corvette history as the first mid-engine model, representing a major evolution in American sports car design.

Unique Aspects:
Barrett-Jackson is famed for its vibrant atmosphere, often described as a "carnival of cars." The live broadcasts, celebrity appearances, and the festival-like environment set Barrett-Jackson apart from more traditional auctions. The auction also features a wide variety of vehicles, from classic cars to modern supercars, catering to a diverse audience.

3. RM Sotheby’s

Overview:
RM Sotheby’s is a leader in the high-end collector car auction market, specializing in rare and valuable vehicles with significant historical importance. The auction house is known for its meticulous curation and its focus on luxury vehicles.

Notable Events:
The Pebble Beach Concours d’Elegance is one of RM Sotheby’s most prestigious events, where only the finest automobiles are presented. The auction is held during Monterey Car Week, attracting a global audience of collectors and enthusiasts.

Notable Sales and Vehicle Significance:
RM Sotheby’s is no stranger to record-breaking sales. The 1962 Ferrari 250 GTO, which sold for $48.4 million in 2018, remains the most expensive car ever auctioned. This car is one of only 36 GTOs ever built and is considered by many to be the pinnacle of Ferrari’s engineering prowess and racing heritage.

Unique Aspects:
What sets RM Sotheby’s apart is its focus on luxury and rarity. The auction house offers cars that are not only valuable but also have significant historical and cultural importance. Each auction is carefully curated to ensure that the vehicles offered are of the highest quality and provenance.

4. Gooding & Company

Overview:
Gooding & Company has established itself as one of the premier auction houses for high-end collector cars. Known for its careful selection of vehicles, Gooding & Company appeals to serious collectors looking for historically significant automobiles.

Notable Events:
The Pebble Beach Auction is the highlight of Gooding & Company’s calendar. This event is known for presenting a curated selection of the world’s most desirable cars, often setting the benchmark for the collector car market.

Notable Sales and Vehicle Significance:
Gooding & Company has handled some of the most significant sales in past years. The 1957 Ferrari 250 GT 14-Louver Berlinetta, sold for $18.5 million in 2014, is a prime example. This model is highly prized for its racing pedigree and rarity, with only nine ever built.

Unique Aspects:
Gooding & Company is distinguished by its focus on quality over quantity. The auction house is known for its rigorous selection process, ensuring that only the finest and most historically significant vehicles are offered. This attention to detail attracts top-tier collectors who value authenticity and provenance.

5. Bonhams

Overview:
Bonhams is one of the oldest and most respected auction houses in the world, with a history that dates back over 200 years. Its automotive division is known for offering a sophisticated selection of classic cars, often in conjunction with art and antique auctions.

Notable Events:
The Quail Lodge Auction, held during Monterey Car Week, is Bonhams' premier automotive event. This auction is renowned for its elegance and the high caliber of vehicles offered, attracting a global audience of collectors.

Notable Sales and Vehicle Significance:
One of Bonhams’ most notable sales is the 1954 Mercedes-Benz W196R Formula 1 Racer, which fetched $29.6 million in 2013. This car was driven by Juan Manuel Fangio, one of the greatest F1 drivers in history, and its sale set a record for the most expensive Formula 1 car ever sold at auction.

Unique Aspects:
Bonhams uniquely blends automotive auctions with art and antiques, creating a cultured and refined atmosphere. This integration appeals to collectors who appreciate the intersection of art and automotive history. The auction house is also known for its meticulous presentation and high standards of service.

6. Russo and Steele

Overview:
Russo and Steele is known for its unique "auction-in-the-round" format, which creates an interactive and engaging environment. Founded in 2001 by Drew Alcazar, Russo and Steele focuses heavily on American muscle cars and European sports cars.

Notable Events:
The Scottsdale Auction is the centerpiece of Russo and Steele’s calendar. This event is characterized by its high energy and the wide array of collectible vehicles on offer, making it a favorite among muscle car enthusiasts.

Notable Sales and Vehicle Significance:
Russo and Steele has seen several impressive sales, particularly in the muscle car segment. A standout was the 1971 Plymouth Hemi Cuda Convertible, which sold for $2.25 million. This car is one of only 11 produced and is a quintessential example of American muscle car engineering at its peak.

Unique Aspects:
The "auction-in-the-round" format is a defining feature of Russo and Steele, placing bidders closer to the action and fostering a more intense bidding atmosphere. This interactive environment, combined with a focus on muscle cars and sports cars, creates a unique experience that distinguishes Russo and Steele from other auctions.

7. Worldwide Auctioneers

Overview:
Worldwide Auctioneers offers a boutique auction experience, focusing on a curated selection of classic and rare vehicles. The company is known for its personalized service and its emphasis on quality over quantity.

Notable Events:
The Auburn Auction, held annually in Auburn, Indiana, is a key event for Worldwide Auctioneers. This auction draws a loyal following of collectors who appreciate the company’s expertise and the intimate nature of its events.

Notable Sales and Vehicle Significance:
Worldwide Auctioneers has handled several high-profile sales, including a 1935 Duesenberg Model SJ LaGrande Dual-Cowl Phaeton, which sold for $2.3 million. Duesenbergs are legendary for their craftsmanship and luxury, often referred to as the epitome of American automotive excellence.

Unique Aspects:
Worldwide Auctioneers is distinguished by its boutique approach, offering a more personalized and less commercialized auction experience. This focus on creating a high-quality, intimate environment allows for a deeper connection between the bidders and the vehicles.

8. Auctions America (Now RM Sotheby’s)

Overview:
Originally established as Auctions America, this auction house has since been integrated into RM Sotheby’s, bringing a new level of prestige to its offerings. Auctions America was known for its emphasis on American classics and muscle cars, and this focus continues under the RM Sotheby’s brand.

Notable Events:
The Auburn Fall Auction was a staple event for Auctions America, known for its large selection of American classics. Under RM Sotheby’s, the event continues to attract collectors from across the country, offering a diverse range of vehicles.

Notable Sales and Vehicle Significance:
Noteworthy sales include a 1968 Ford Mustang GT500KR Convertible that sold for $1.1 million. The GT500KR, known as the "King of the Road," is one of the most iconic Mustangs ever produced, representing the peak of the muscle car era.

Unique Aspects:
The integration with RM Sotheby’s has expanded Auctions America’s reach while maintaining its focus on American muscle and classic cars. This combination allows collectors to access a broader selection of vehicles while still enjoying the specialized attention of a focused auction house.

9. Leake Auctions

Overview:
Leake Auctions is one of the oldest family-owned auction houses in the United States, with a history dating back to 1964. The company is known for its regional focus and its welcoming, family-friendly atmosphere.

Notable Events:
The Tulsa and Dallas Auctions are the flagship events for Leake Auctions, drawing a mix of regional and national collectors. These auctions feature a wide range of vehicles, from classic American cars to more modern collectibles.

Notable Sales and Vehicle Significance:
Leake Auctions has seen several significant sales, including a 1969 Ford Mustang Boss 429 that sold for $605,000. The Boss 429 is one of the rarest Mustangs, with only 859 produced, and is highly sought after by collectors for its performance and rarity.

Unique Aspects:
Leake Auctions is characterized by its friendly, family-oriented atmosphere, which sets it apart from the more corporate feel of larger auction houses. This approach makes Leake Auctions a welcoming environment for both seasoned collectors and newcomers.

10. Amelia Island Auctions (Various Houses)

Overview:
Amelia Island, Florida, is home to one of the most prestigious automotive events in the United States—the Amelia Island Concours d’Elegance. Several top auction houses, including RM Sotheby’s, Gooding & Company, and Bonhams, host auctions during this event, making it a must-attend for serious collectors.

Notable Events:
Each auction house brings its best offerings to Amelia Island, resulting in a week of high-profile sales. The RM Sotheby’s Amelia Island Auction, in particular, is known for featuring some of the most desirable and rare vehicles in the world.

Notable Sales and Vehicle Significance:
Among the many notable sales at Amelia Island, RM Sotheby’s sold a 1995 Ferrari F50 for $3.8 million. The F50 is celebrated as the ultimate Ferrari supercar of its era, combining Formula 1 technology with road-going capability.

Unique Aspects:
The collective significance of the Amelia Island auctions is unmatched. The combination of multiple high-end auction houses and the backdrop of the Amelia Island Concours d’Elegance creates an unparalleled environment for buying and selling some of the world’s finest automobiles.

Tips for First-Time Auction Participants

Set a Budget:
Determine your budget before attending an auction. It's easy to get caught up in the excitement of bidding, so knowing your limit can help prevent overspending.

Understand the Auction Process:
Familiarize yourself with the auction process, including how to register as a bidder, the bidding increments, and what happens when you win a bid. Most auction houses offer online resources or seminars for first-time bidders.

Research the Vehicles:
Before the auction, research the vehicles you're interested in. Know the market value, history, and any potential issues that could affect the car's value. This will help you make an informed decision during the bidding process.

Attend the Auction Preview:
Most auctions offer a preview day where you can inspect the vehicles in person. This is an excellent opportunity to see the cars up close, check their condition, and verify any details from the auction catalog.

Start Slow:
If you're new to auctions, consider starting with smaller, less competitive bids to get a feel for the process. This will help build your confidence before going after higher-value vehicles.

Bid Strategically:
Watch how others bid and develop a strategy. Some bidders start strong to intimidate competition, while others wait until the last moment to place a bid. Find a method that works for you, and be prepared to adapt.

Consider Hidden Costs:
Remember that the hammer price (the final bid) is not the total cost. There are additional expenses such as the buyer’s premium (typically 10-15% of the hammer price), taxes, and transportation costs. Factor these into your budget.

Conclusion: The Thrill of the Bid

Collector car auctions in the United States offer more than just the chance to buy a vehicle—they provide a window into automotive history and culture. From the high-energy atmosphere of Barrett-Jackson to the luxury and prestige of RM Sotheby’s, these events are integral to the fabric of car collecting.

Whether you're an avid collector, a first-time buyer, or simply a car enthusiast, attending one of these top auctions is an experience like no other. And when you do find that perfect vehicle, ensuring it gets home safely is crucial. AmeriFreight offers reliable and secure vehicle transportation across the country, ensuring that your new acquisition arrives in pristine condition.

FAQ Section

How to verify the authenticity of a vehicle at auction?
Before bidding, request documentation that verifies the car’s authenticity, such as a certificate of authenticity, original build sheets, or service records. It's also wise to consult with an expert or hire a third-party inspector to assess the vehicle.

What are the hidden costs associated with auction purchases?
In addition to the hammer price, buyers should consider the buyer’s premium, taxes, title and registration fees, and transportation costs. Some auctions may also charge fees for administrative services or paperwork.

Can I finance a car purchased at auction?
Yes, some auction houses offer financing options, or you can arrange financing through a bank or credit union. It's essential to have financing approved before the auction to ensure you can complete the purchase if you win a bid.

What happens if I win a bid but can’t pay?
If you win a bid and cannot pay, you may forfeit your deposit and be banned from future auctions. Some auction houses may also pursue legal action to recover the remaining balance. Always ensure your finances are in order before bidding.

How can I transport a car purchased at auction?
After purchasing a vehicle at auction, you can arrange transportation through a specialized car shipping company like AmeriFreight. They offer reliable and secure vehicle transportation across the country, ensuring that your new acquisition arrives in pristine condition.