For the last 24 years Palm Springs Exotic Car Auctions have delivered hundreds of hot rods, sports cars, muscle cars and classics to auctioneers.Â There are hundreds of buyers and sellers who visit the auctions every year and for obvious reasons, they keep coming back.Â Regardless of whether you have a classic you are looking to get rid of or are looking to get your hands on a beauty, these auctions are the place to be.
The story began back in 1985 as Keith McCormick hosted his first exotic car auction.Â Although it was nowhere near the standards of todayâ€™s auctions, it certainly got the tradition underway.Â Today, Keithâ€™s car auctions are some of the most prestigious, respected, and successful ones in America.
The events are held every year in the months of November and February on the grounds of the Spa Resort Casino located in downtown Palm Springs, California.Â It is as if every year the auctions get bigger and even more cars enter.Â The auction in November of 2009 was the largest yet with 496 lots total and 332 lots sold.
When it comes to car auctions, numbers do not lie.Â Over the years, the Palm Springs Exotic Car Auctions have put up impressive numbers to say the least.Â They have accumulated well over 235,000 in auction attendance and over 17,046 cars have been displayed.Â There have been over 11,762 successful sales which equates to 69% of the cars displayed.Â 10% of the cars that do not sell end up being sold by the staff during the sale and many vehicles listed to be sold at no reserve end up selling to the last bidder.
What separates this auction from others is the wide variety of luxurious vehicles that appear year after year.Â The auction that just came to a close in February featured everything from a 1967 Rolls Royce to a 1965 Ford T-Bird to a 2003 Mercedes Benz SL 500.Â There were vehicles all the way from 1929 to 2009 for buyers to choose from.Â And with several different models and makes at the auction, there was a little bit of something for everyone. (more…)