This 1958 Chevrolet Corvette barn find recently sold for $74,800 at a KIKO online auction. Sitting in a garage for decades, the automatic convertible boasts a twin four-barrel, 327 engine (replaced) and a 160-mph speedometer with only 43,386 miles.
After extensive marketing and bidder reach, the car sold to the highest bidder and headed to its new owner on the West Coast.
A variety of collector cars and luxury vehicles have crossed the auction block this year, drawing excited bidders both onsite and online.
Auctions are a powerful tool for selling high-value assets, such as classic cars, motorcycles, and boats. Auctions let buyers determine the true market value of collectibles through competitive bidding.
The auction method of marketing involves using a concentrated campaign to target the right bidders and generate significant publicity and exposure for the items being sold. This broader reach increases the chances of finding the right buyer who’s willing to pay a premium for unique items.
If your clients need advice on how to value or sell a classic car, antique motorcycle or luxury vehicle, contact a KIKO team member today!