Pit Stop: Auction Pro Tips with John Kraman (Patreon Special Re-release)

This Pit Stop mini-sode offers a detailed conversation with John Kraman discussing the behind-the-scenes aspects of Mecum Auctions, the strategies involved in planning and hosting auctions, and the unique characteristics of various auction events. It highlights key auctions such as the massive Kissimmee auction and the more exclusive Monterey event, illustrating how each auction has its own distinct personality. John emphasizes the importance of 'numbers matching' in the valuation of collector cars, the rising popularity of restomod vehicles, and the pivotal role of the aftermarket industry in supporting the collector car market. The conversation also delves into the impact of visibility and mainstream media on the growth of car auctions, the benefits of no-reserve auction entries, and the evolution of auction practices including absentee bidding. Additionally, the episode covers logistical details for spectators and potential buyers and sellers, while underscoring Mecum's position as a leader in the auction world.

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00:00 Diving into Mecum Auctions

01:05 Kissimmee vs. Monterey Auctions

04:55 Spectator Experience at Auctions

06:57 Benefits of Buying and Selling at Auctions

10:12 Numbers Matching and Car Authenticity

16:19 Restomods and Car Modifications

18:57 Generational Preferences in Car Collecting

19:18 Defining the Younger Buyer

20:04 The Robust Collector Car Market

20:41 Aftermarket Parts and Their Impact

22:58 Selling Your Car at Auction

25:22 The Consignment Process

25:40 No Reserve vs. Reserve Auctions

28:32 The Evolution of Auctions

30:56 Absentee Bidding and Online Auctions

35:50 Mecum Auctions: A Leader in the Industry

37:08 Conclusion and Contact Information

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This episode has been brought to you by MECUM Auctions the world leader of collector car, vintage and antique motorcycle, and Road Art sales, hosting auctions throughout the United States. The company has specialized in the sale of collector cars for more than 35 years, now offering more than 22,000 lots per year and averaging more than one auction each month. Mecum Auctions is headquartered in Walworth, Wisconsin, and since 2011 has been ranked No. 1 in the world with the number of collector cars offered at auction and is host to the world's largest collector car auction held annually in Kissimmee, Florida, as well as the largest motorcycle auction held annually in Las Vegas. Mecum's Road Art and Mecum On Time divisions offer a wide-variety of collectibles for live and online auctions.

This episode is sponsored in part by Garage Style Magazine. Since 2007, GSM has been the definitive source for car collectors, continually delivering information about Automobilia, Petroliana, Events and more... because after all, what doesn't belong in your garage?