Publisher & Editor-in-Chief
GOING, GOING, GONE! The popularity of Barrett-Jackson and other high-end collector car autmotive auctions has grown phenomenly thanks to them being televised on cable TV. And buying and selling vehicles has never been more popular, even on much smaller local scales. So, whether you’re on the market for a collector car or you have one you’d like to sell, before you head off to the auction there are several things you really need to know and understand. We spoke with Terry Michaelis at ProTeam Corvettes to get some expert advice and pointers. Among them are what the various terms mean, what banking and payment arrangements you’ll need to have in place, selling with and without a reserve price and lots more – especially about not becoming the victim of vehicular fraud. So, to give you tips on how to avoid being duped as well as what possible remedies you may have, we went to the expert in this area as well, attorney Bruce Shaw, Esq. Bruce is a a past Bloomington Gold Instructor and a past NCRS National Judge. Shaw is a hands-on motorhead who restored a 1966 427/425HP Corvette that received the Duntov Award. His practice, the Law Offices of Bruce Shaw, PC, has more practical experience with American collector cars than any other law firm in the U.S.! Read on, learn and benefit from this knowledge.
5