THE SHOP

December '20

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42 THE SHOP DECEMBER 2020 SPECIAL REPORT: EDITOR'S NOTE: This is the second in a two-part series examining car auctions and their connection to the specialty automotive aftermarket. Articles from Part I appeared in the August 2020 issue of THE SHOP. B ack in March, the collector car market braced itself for the largest crash since the late 1980s. Instead, the special-interest auction scene proved itself a testament to American persever- ance by remaining alive and well, despite an unprecedented pandemic and other challenges. As it turns out, elite car collectors did not panic by selling off their prized posses- sions. Likewise, resourceful car enthusiasts seized the opportunity to purchase and/or resurrect restoration projects as a result of government stimulus payments and stay- at-home mandates. "A byproduct of everything going on in the world is people shifting away from the doom and gloom," says John Kraman, ana- lyst and TV broadcaster at MECUM Auc- tions. "Instead, they are investing in things that make them truly happy, whether that's a new boat, RV or collector car of their dreams." HAMMER TIME The Hagerty Market Rating provides a monthly pulse check on the collector car The special-interest auction scene has proved itself a testament to American perseverance by remaining alive and well, despite an unprecedented pandemic and other challenges. (Photo courtesy Carlisle Events) By Stefanie Galeano-Zalutko SPECIAL REPORT: AUCTIONS The Bids Keep Coming In-person & online auction events continue to meet pent-up demand. Resourceful car enthusiasts have seized the opportunity to purchase and/or resurrect res- toration projects as a result of government stimulus payments and stay-at-home mandates. (Photo courtesy Carlisle Events) AUCTIONS PART II

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