These days it seems a classic car auctioneer is starting up almost every week. OK, that’s an exaggeration, but as interest in older cars develops with the rise of modern classics, it encourages more people into the business.
That’s good because it offers choice, but at the same time, both vendor and buyer need to know just what kind of service they’re getting. So is it time to level out the playing field, install some transparency and insist that any company solely selling classic cars should be a member the National Association of Motor Auctions (NAMA) trade association?
While it’s there to look after its members, it also aims to raise standards. It also operates a code of practice and, if required, a conciliation service. Disputes between classic buyers and auctioneers are infrequent, but the increasing number of buyers means a greater chance of disputes, which in turn could damage the industry and a pretty good reputation that’s been built over the years.
For a Johnny-come-lately auctioneer to drag that reputation down would be unfair, so perhaps it’s time for all classic auctioneers to sign up with the NAMA.