I’ve been to several auctions and I would add a few things:
Stronger statement about Rookies - NEVER EVER buy something at your first auction. Go to one or two to get a feel of the process, how people act, buyers, sellers, and enjoy it. Regardless of venue - all auctions have some commonalities. Ask lots of questions, talk to sellers buyers — and if possible get close to the stage to watch how & listen the handlers work both sides. They are there to sell the car
Auction houses are very different. Barrett is an entertainment circus, Gooding is a high class affair. Totally different auction styles. There are auction houses that really don’t care what the seller brings - shill bidders to drive up price against a reserve- I won’t name names but there are places to avoid.
If you can’t find the owner - there is probably a reason. Avoid that car. If you can find the owner - Ronald Regan said it best. “Trust but verify”. I know I have talked to owners who were convinced of their statements - not lying but they were wrong for what ever reason. Everyone believes they had the ex-big block car and not the ex-6cyl.
not all auctions are scams - as some have stated - there are good deals, there are terrible deals, good sellers, and bad. Key to it all - knowledge is power. As the article suggests - if you don’t have the knowledge, buy it in the form of an expert.