There are three different types of car auctions: Dealers only, open-to-the-public and collector cars only. The average price of cars at these auctions depends on a variety of things and range from as low as a dollar to millions. To find a specific car's estimated value at auction refer to an after market car guide such as "Black Book."
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Just like home values, the average price of cars can fluctuate depending on the economy. In a down economy dealers-only auctions sell cars for drastically lower than the market value. In open-to-the-public and collector car auctions prices will rise and fall depending on the state of the economy.
The average price of cars at auction also depends greatly on the condition. A mint condition collector car can sell for hundreds of thousands of dollars, or the same car in poor condition can sell for just a few thousand. Sometimes improvements like touched-up paint and patched up interior can add value, but personalisation such as painting flames on the side can lower value because it is too personal. For dealers-only and open-to- the-public auctions, mileage can drastically change the value of a car also.
Car manufacturer, Duesenberg, only produced cars from 1913 to 1937 so they are very rare causing their prices at auction to be anywhere from £195,000 to more than £0.6 million. Even the rusted and torn bodies of Duesenbergs can sell for several hundred thousand dollars. At the other extreme, a Ford Taurus has been mass produced for many years, so they do not go for much money at auction.
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