Bring a Trailer wallops the big auction houses!

[PeteK]

In 2021, BaT pulls in far more than Mecum, Sotheby’s, B-J, et al. Read it and cheer, or weep, depending on your predilections. I’m firmly in the cheering section.

Bring a Trailer sold $829M in cars in 2021, walloping auction houses

In 2021, the online car auction site Bring a Trailer sold $828.7 million worth of cars, a 108% gain over the $398 million it sold in 2020 — and a full quarter billion dollars ahead of its closest live-auction-house competitor.

www.seattletimes.com

 

[2112]

”Moving online removes the middle men in an inherently opaque industry cloaked by backdoor deals, insider favors and clubby agreements between power brokers.”

Exactly

 

[mmlcobra]

Nice!

 

[Specracer]

Was also recently reported on Hagerty (or hemmings, cant remember), that 1% of BaT users are selling 24% of the volume (dealers). No doubt selling dynamics are changing (again).

 

[texas mongrel]

Chatted with David Gooding in a bar at last year’s Amelia Island event. He is steadily moving towards the on-line auction model, easier, more profit. I tried to use BAT twice, once for my McLaren and once for the new GT. Both times they were easy to deal with but so incredibly slow that I sold the cars privately long before the auctions went live

 

[Specracer]

Gooding is living up to that, as their Scottsdale presence is a preview, but the auction is on line. Noticed when in Scottsdale for the rally that their traditional site (next to the mall) had signs that the site was under development. No clue if that was also factor. Too bad, Gooding has always been my favorite to attend. Kettlecorn......

 

[QuickSilverShelby]

In 2021, BaT pulls in far more than Mecum, Sotheby’s, B-J, et al. Read it and cheer, or weep, depending on your predilections. I’m firmly in the cheering section.

Bring a Trailer sold $829M in cars in 2021, walloping auction houses

In 2021, the online car auction site Bring a Trailer sold $828.7 million worth of cars, a 108% gain over the $398 million it sold in 2020 — and a full quarter billion dollars ahead of its closest live-auction-house competitor.

www.seattletimes.com

Yeah, but at Barrett Jackson you can get 8 free drinks a day and see sights like this. It's worth the price of admission just for the entertainment value and the rows upon rows of amazing cars.

QSS

 

[Tomcat]

I tried to use BAT twice, once for my McLaren and once for the new GT. Both times they were easy to deal with but so incredibly slow that I sold the cars privately long before the auctions went live

I have not used them but a few of my Friends are "regulars". They say that BaT staggers/times listings to not saturate the market with certain brands/styles/models.

 

[GTinTN]

Whatever they are doing seems to be working. Curious about the comment from Texas Mongrel, what kind of wait time did you experience and how would that compare to an in-person auction? Thanks!

 

[QuickSilverShelby]

Curious about the comment from Texas Mongrel, what kind of wait time did you experience and how would that compare to an in-person auction? Thanks!

I too was wondering what the wait times are?

QSS

 

[Specracer]

Im sure it depends on WHO you are, one of their KEY dealers? Or joe schmo (like me). Last I heard, its around 3 months. And don't forget, what they post is curated, so your vehicle may not even be accepted.

 

[extrap]

Go here https://bringatrailer.com/auctions/ and sort "Bid: High to Low" and 2019, 2006 and 2005 GTs make up 3 of the top 7 cars currently on BaT.

 

[white out]

...

 

[ChipBeck]

Gentlemen,

I've sold two vehicles with BAT (CJ-5 and Shelby Mustang) and bought one. It's time consuming getting your car's auction up and live and until you've sold a car or two with them they will vet you as well as your car. But it's super easy and fee cheap for buyers to use and their reach is incredible. Sellers tend to use them over and over. Cheers.

Chip

 

[pe2unia]

I too was wondering what the wait times are?

QSS

4-6 weeks right now

 

[wmjim]

I've used them only once, but it was a great experience. About a 6 week process between descriptions and photo submissions, and waiting before going live. I'm confident it was the best result possible for my situation (C2 corvette restomod). And a $99 fee compared to BJ auction would have been $17,000 plus!
Having said that, I truly enjoy the experience of attending Gooding, RM, BJ and others, and would be sad to see them fade away. Kind of like my wife with retail shopping therapy vs Amazon!

 

[texas mongrel]

Whatever they are doing seems to be working. Curious about the comment from Texas Mongrel, what kind of wait time did you experience and how would that compare to an in-person auction? Thanks!

In both cases it was months

 

[PeteK]

Yeah, but at Barrett Jackson you can get 8 free drinks a day and see sights like this. <snip>

QSS

View attachment 65297

.

 

[QuickSilverShelby]

The cars........I was talking about the cars..........cmon .

QSS

 

[Shawn]

Aside from the sidebar comments how is bat different then eBay? Any estimates on eBay annual sales numbers?