Curious about where the world's most extravagant car auctions take place? From rare classics to high-performance supercars, these events showcase automotive history and luxury like no other. Keep on reading this article to discover the largest car auctions worldwide. Who knows? Your dream car might just be waiting at one of these prestigious venues.
How Do Car Auctions Work?
Selling a car at an auction is straightforward. Sellers provide their vehicle and key details to the auction house, along with a minimum price known as the reserve.
When the auction day rolls around, you can bid online or show up in person. It's like a friendly competition where bidding starts low and everyone tries to outbid each other. The highest bid when the auction clock runs out gets to take the vehicle home.
But hold on, there's more! If you're the lucky winner, you've got to pay the auction house a fee known as the buyer's premium. Once all the paperwork is sorted, you can drive your car away. And if you're located far away, rest assured—the auction house usually handles auto shipping, making it hassle-free for you.
10 Largest Car Auctions Worldwide
Every year, over 9 million cars are sold at various auction venues, giving buyers the chance to explore a diverse range of vehicles. If you're a fan of collecting one-of-a-kind wheels or hunting for rare collectibles, then here are the top venues where you can try your luck:
1. RM Sotheby’s
If you're dreaming of owning a piece of automotive history, RM Sotheby’s is where it's at! They host auctions that redefine luxury and rarity, showcasing everything from vintage picks to supercars. You can either visit the venue to bid in person or join them online if you can't make it to the event.
2. Worldwide Auctioneers
Not looking for a rare find? Just want some great deals? Worldwide Auctioneers has a fantastic selection of amazing cars. Even if it is your first time bidding, with Worldwide Auctioneers you don't have to worry. They provide a friendly, accessible atmosphere for both experts and beginners alike. Additionally, you can bid in person, over the phone, or online.
3. Bonhams
Bonhams is another renowned privately-owned car auction house that specializes in high-end luxury cars. Whether you're eyeing a limited edition Rolls-Royce or a fully optioned Ferrari, Bonhams offers the opportunity to bid on these exquisite vehicles and take them home.
To participate in online bidding, you'll first need to register with Bonhams. Their bidding team will then guide you through the process, ensuring you have all the support you need to place your bids effectively.
4. Gooding & Company
Gooding & Company is one of the world's most renowned auction houses, specializing in antique vehicles and sports cars. Whether you're a buyer or a seller, this is the place to be. As a seller, you need to send your car to their headquarters for a quality check before it hits the auction block.
For buyers, you must register by completing a Bidder Registration application, and submit it along with a Bank Letter of Guarantee and your driver's license. Once that's done, you can join in the excitement and bid on your dream car.
5. Barrett-Jackson
If you're neither a buyer nor a seller but simply love the thrill of the auction itself, Barrett-Jackson will surely entertain you. This auction house offers tickets for sellers, buyers, and the general audience. The best part? The event has extensive TV coverage, so you can purchase digital tickets and enjoy the show from the comfort of your home.
Participating in Barrett-Jackson auctions is considered a luxury experience which you might not prefer to indulge in. Sellers here may have to pay an entry fee and an 8% commission on the hammer price. On the other hand buyers must pay a 10% premium on their purchase.
6. Mecum Auctions
Mecum Auction Company specializes in rare and high-performance vehicles that are not just for show but are also suitable for daily driving. These cars are known for their affordability and quality for everyday use. When bidding at Mecum, bidders pay a commission: 10% for in-person bids and 12% for telephone and online bids.
To participate, you'll need to register with the auction team. Registration options range from a basic package around $200 to a Gold Bidder Registration package costing approximately $500 per auction. You can choose the package that best fits your budget and bidding needs.
7. Silver Auctions
Silver Auctions specializes in affordable collector cars, making it an ideal destination for anyone seeking budget-friendly options. If you prefer a laid-back atmosphere without the hustle of big crowds, Silver Auctions is the place to be for bidding. Their auctions have a friendly vibe and relaxed setting, drawing enthusiasts from around the world.
8. Copart
Copart stands out as a top-tier 100% online auction house specializing in used, repairable, and wholesale vehicles. What sets it apart is its convenient on-site vehicle finder, which simplifies the entire process of finding, bidding, and winning a vehicle.
Registering with them, specifying your desired make and model, and starting your bidding journey is all it takes to drive away your next vehicle.
9. Carlisle Auctions
Carlisle Auctions specializes in rare and vintage collectibles, offering bidding options both in-person and online, with telephone bidding also available. Each method has its own registration fee. Online bidding is facilitated through a third-party system called Proxibid, while telephone bidding is managed directly by the auction house.
For in-person bidding, there's a registration fee of $100, which includes a bidder lanyard and an auction guest pass. Opting for online or phone bidding costs $50, providing you access to participate from the comfort of your own space.
10. eBay Motors
eBay Motors is another online auction site, boasting a wide array of vehicles. Whether you're buying or selling, it offers unparalleled flexibility and convenience as you can bid from virtually anywhere on the globe.
Bottom Line
Auto auctions are the ultimate gathering for automotive enthusiasts and collectors to pursue their dream cars. Once you've successfully bid on your favorite vehicle at these prestigious events, the next challenge is getting it home. This is where reliable auto shipping services play a crucial role.
Companies such as Auto Nexus Auto Transport specialize in securely transporting vehicles to your desired location. Whether you're across the country or overseas, their expertise in handling and logistics ensures a seamless process.
Best of luck!
