Bring a Trailer, the San Francisco-based online auction platform for vintage cars and collectibles, is giving Sotheby’s and Barrett-Jackson a hard time. The company surpassed $1 billion in sales in September and is expected to close the year with $1. 3 billion, a significant increase from $829 million in 2021.
Since its inception in 2007, it has experienced tremendous growth in popularity, selling an average of 700 cars per week. It is about to reach the 100,000 auction mark by the end of January.
This year, Bring a Trailer sold its five most expensive cars, with a 2017 Ferrari LaFerrari Aperta selling for $5. 36 million.
Auctions are held on demand, like all online auctions, with some cars for sale by the millions. While the best-selling cars are in the spotlight, the lineup in Bring a Trailer caters to all enthusiasts and offers everything from infrequent Porsches to 36,000. 1993 mile Geo Metro convertible which sold for $11,671 this year.
Bring a Trailer also has a network of over 900,000 active users, buyers and distributors who comment in real time to offer information and experience to other members who may be new to the game, or who are looking for quick information that may not be temporarily obtained from the seller.
Some of the most prestigious auctions, such as the recently sold Porsche 911, are shown as “wholehearted”, which may be an ambitious move for dealers of all levels, but is a testament to the seller’s confidence in strength, knowledge and enthusiasm. group shopping at Bring a Trailer.
BaT is also more transparent than top companies. It is the first marketplace that makes all effects permanent on the website, with reliable real-time knowledge about the vintage car market and its low payouts. Sellers pay a fixed payment of $99 and the buyer’s payment is 5% above the final sale price, but capped at $5,000.
The company even recently negotiated a Sherman tank.
Sherman tank
“The volatility of the economy this year has led more buyers and merchants to adopt our online auction style due to low fees, superior good fortune rate and ability to transact quickly,” said Randy Nonnenberg, co-founder and president of Bring. A trailer.
Randy Nonnenberg
“Our type of stocks provides a type of investment choice as well as an emotional investment, and any of those points remain strong, whether in an emerging or falling economy. This led more buyers than ever to register and bid on BaT cars at the time of the year, when other economic signals were so positive.
Some about Bringing a trailer for new bidders:
Can I bid if I am in the United States?
Yes, as long as you have a valid card registered with Bring a Trailer.
Can I buy a car that has arrived at the reserve?
It’s possible. When an auction ends and the reservation is not achieved, the dealer receives the touch data from the bidder. From there, it’s up to either of them to reach an agreement.
Can I cancel my offer?
No. Es like an auction. If you make an offer, you are bound and expected to fulfill your offer.
Can I touch a dealer after an auction closes?
BaT provides a seller’s touch data after an auction closes. If you need to be notified when a specific template is triggered, you can sign up for “template page alerts. “
How can I get a car?
If you need a car or have one, you can use the Contact Seller button in the list to contact the dealer and set up an ion.