There are three types of people at a Barrett-Jackson Auction — those who are buying, those who are selling and those who are just there for a good time at the World's Greatest Collector Car Auctions®.
Previously, we broke down how to buy at a Barrett-Jackson auction.
But today we're highlighting those who are selling... or rather the process that goes into selling a collector car at a Barrett-Jackson Auction.
For those not in the know, in the auto auction world you will often hear the word "consignment", which is just the process of putting your car up for auction.
So, if you've got a car that you're looking to sell or just are curious about the process, here's the step-by-step breakdown for selling a car at a Barrett-Jackson Auction.
1. The first step is to complete the preliminary consignment request form found HERE.
External documentation is also required with this form. You'll need to provide a copy of the vehicle's title, copies of its Build Sheets, awards and any other relevant documents to the vehicle's value, a minimum of six photos that can be used publicly, and a short and long description that explain the vehicle's quality and history.
While in this process, please double-check that the vehicle's title and VIN (Vehicle Identification Number) are correct and match.
2. Once the paperwork in is in, Barrett-Jackson President Steve Davis will assign a lot number to your vehicle. The lot number is the order in which your vehicle crosses the auction block during a given Barrett-Jackson auction and is determined by the lineup of cars and where your vehicle fits into the docket. The lot number a vehicle receives can be disputed by the seller, but typically there is a mutual agreement between both sides.
3. Once lot number is decided upon, you will sign for the payment of the 8-percent seller's commission fee (this is for cars sold at No Reserve) and the payment of the entry fee. After this, you will submit the vehicle's official title.
Once these first three steps are done and approved, your vehicle should appear on the online docket for your select auction.
4. Create a storyboard that can be displayed at the auction when your vehicle crosses the auction block. This can include whatever you find necessary to show off both the vehicle and its potential value to a buyer.
5. This step may be the most important — transporting your car to the auction. You can easily do this with Barrett-Jackson's partners Reliable Carriers and TFX International, or choose to handle the transportation on your own.
6. Once the vehicle is on site, the fun begins. If all paperwork is completed, the vehicle will officially be checked in and moved to the display space on-site. This is where potential buyers can come inspect the vehicle before it rolls onto the auction block if they are interested in bidding on it.
7. Lastly, if you'd like to be a part of the auction process, you are welcome to drive your vehicle onto the auction block when it comes time. If you choose to forego this opportunity, a Barrett-Jackson representative will get behind the wheel. Once the bidding is finalized and the car is pronounced "sold," the ownership of the vehicle officially changes hands.
Want to Attend a Barrett-Jackson Auction?
Now that you're up to date on how to sell a car with Barrett-Jackson, make sure you don't miss out on the World's Greatest Collector Car Auctions when it rolls into town. Attend the next auction with an Official Ticket Package, including VIP hospitality, behind the scenes tours, exclusive experiences and much more!