The Spectacle of Keith McCormick's Exotic Car Auction

A Premier Event for Car Enthusiasts

The Auction Experience

Keith McCormick's Exotic Car Auction is more than just a sale; it's a three-day festival of automotive passion. The event kicks off on a Friday morning with a check-in day, setting the stage for the excitement to come. By 3:00 p.m., the engines start to roar as the first 100 vehicles of the weekend are presented for auction. This initial day is particularly enticing, offering free admission to the public and complimentary food for registered bidders—an excellent opportunity to preview the cars and plan bidding strategies.

A Diverse Collection on Display

The variety of vehicles at McCormick's auction is staggering. Attendees can feast their eyes on everything from vintage Ford Mustangs to the classic gangster cars of the 1920s. The event continues through Saturday and Sunday, with gates opening at 8:00 a.m. and the first car crossing the auction block at 10:00 a.m. Over the weekend, more than 400 vehicles will be auctioned, with general admission priced at $10 per day or $15 for a two-day pass.

For Buyers and Sellers

Sellers can register their vehicles for an entry fee of $300, covering all three days of the event. Those seeking premium exposure for their high-end vehicles can opt for prime time lot numbers and display locations, though it's advisable to reserve these spots early due to high demand. For those unable to attend in person, the auction is also streamed live online, ensuring no one misses out on the action.

The Economic Impact of Classic Car Auctions

While the McCormick auction is a highlight for car aficionados, it also has a significant economic impact. Classic car auctions contribute to local economies by attracting tourists, generating hotel stays, and increasing spending in the area. According to a report by Hagerty, the collector car market is robust, with a total sales volume of $1.3 billion in auction transactions in 2020, despite the challenges posed by the COVID-19 pandemic (Hagerty).

Trends and Statistics

• The global classic car market was valued at approximately $25 billion in 2020 and is expected to grow to over $30 billion by 2027 (Statista).
• The average sale price for classic and vintage cars has seen a steady increase, indicating a healthy and growing market.
• Online auctions have gained popularity, with a significant portion of classic car sales now occurring through digital platforms.

Conclusion

Keith McCormick's Exotic Car Auction is not just an event; it's a celebration of automotive history and design. Whether you're a serious collector or a casual enthusiast, the auction offers an unparalleled opportunity to witness the grandeur of the world's most exquisite vehicles. As the auction continues to thrive, it not only fuels the passions of car lovers but also drives economic benefits for the community and the broader classic car market.