Get the Information
Having all the required information is the single most important step. Know which classic cars are available in the area and who is willing to part with them. Also know all those who are professionally involved in the trade within a considerable distance as well as these will be willing to travel to make a buck or two from these auctions. You should also be aware if any such event takes place in general and if so, what is the usual response.
Get the License
Like all other business, you will need to get clearance from the local authorities to be able to conduct the auction. They will require certain security and other requirements to be met. Once the clearance has been received, you can conduct the auction.
Hire a Professional Auctioneer
Make sure that you hire a professional auctioneer for the auction who has considerable experience in the field. The professionals are able to present each and every product quite well and in an attractive manner. They can also raise the emotions in the bidders to fetch a better price.
Make sure that all the arrangements are well in place. Advertise ahead of the auction time so that people know about the event. You must facilitate the buyers as well as the sellers and their cars very well. The better the auction has been set up, the more likely you’ll get more sales and thus make more money.