The GAA Classic Auction Summer Edition 2021 was smokin’ here on “Prime Time” Saturday. The GAA Classics office confirmed to us that they had sold 616 cars in the three-day auction for a spectacular 91 percent sell-through rate. That is amazing! It was all part of the GAA Classic Auction, July 22-24, 2021 in Greensboro, North Carolina.
A Tuxedo Black 1970 Chevelle SS LS6 454 with white stripes sold for $250,000 at the hammer on Saturday. That followed a 1958 Corvette Resto Mod which sold for $190,000. Both were the top sales of the day in successive sales. The Corvette Resto Mod went to an international buyer over the internet. “Put your hands together,” the auctioneer cried. “The cars goin’ to Saudi Arabia.” That is just an indication of how hot the collector car market seems to be right now. Top cars are going for top money. The rush is on!
Here is a slide show of some of the most important cars we were watching for sale here on Saturday:
By the time the smoke had cleared on the GAA Classic Auction Summer Edition on Thursday they reached an amazing 90 percent sell through rate. Not many collector car auctions can boast of that kind of sales performance. So it was with great anticipation that we watched the Friday session at the Greensboro auction. And it did not disappoint.
Here are some of the top sales for the first two days.
You know, we found something out about the collector car market this weekend as the GAA Classic Auction Summer Edition proved an outstanding success. We watched closely as the GAA Classic Auction went into “prime time” on Saturday. When you watch the nationally televised auctions like the famous Barrett-Jackson Auction there are so many one-off cars and resto mods in their inventory that you don’t learn anything about actual “blue collar” collector car values. But as we watched the GAA Classic Auction this weekend we noted how your “bread and butter” classic 1950’s vehicles and muscle car era cars were selling.
Cars-On-Line.com’s Car Show team was on hand here in Greensboro, North Carolina to bring you all the action as over 650 cars are scheduled to cross the auction block. GAA’s special auction facility, which they call The Automobile Palace, was expanded to over five acres of display area all indoors. The sea of cars here was endless. So much to see.
We asked our readers to stay tuned to this page to find out what these vehicles sell for. It is a great way to keep up on collector car pricing. Classic car dealers from throughout the Southeast were on hand to buy special cars for their inventories. They tell us prices are already skyrocketing. We are predicting that collector car values will surpass their pre-COVID levels. After all, if it wasn’t for COVID, collector car values would have gone up already last year.
Here is a video walk-around of some of the cars we will be watching in Greensboro on Friday and Saturday. The video was produced by Bob Boberg of eClassicAutos.com.
Online bidding was done through a company called Proxibid, an online bidding platform. The buyers fee is 11 percent on vehicles sold over $10,000 and $800 on vehicles sold for $10,000 and under. The percentage is a little higher, 15 percent on mini-bikes with a maximum fee of $800. The buyer’s fee on memorabilia is 15 percent.
Cars-On-Line readers were able to watch the auction with us on a live stream. Click this link to review the three days individually on You Tube.