Finest schedules online auction for late September

Bradley Farrell in the Finest's headquarters/showroom | Finest photo
Bradley Farrell in the Finest’s headquarters/showroom | Finest photo

The Finest Automobile Auctions Company is undergoing a management reorganization and says its inaugural online sale will take place in late September.

Faced with ongoing and major health issues, Bradley Farrell, Finest founder and chief executive, will take a leave of absence. Meanwhile, the company’s board of directors is pursuing a new executive to run the auction house, which recently was sued by vendors who say they were not paid for their work at the company’s live auctions. Continue reading

Vendors go to court seeking money from Finest auctions

The auction venue for The Finest sale last year in Aspen | The Finest auction photo
The auction venue for The Finest sale last year in Aspen | The Finest auction photo

The Finest Automobile Auctions, still wants to pursue its goal of interactive, online sales of collector cars, but for now the company is not staging additional on-site auctions and is being sued by several vendors for nearly $600,000.

“In a holding pattern,” a spokesman for the auction house said. “The board is deciding what to do next. We may restructure.” Continue reading

The Finest does only $2.6 million at Boca Raton sale

1997 Lamborghini Diablo sells for $197,000 | The Finest photo
1997 Lamborghini Diablo sells for $189,000 | The Finest photo

The Finest Automobile Auctions sale in conjunction with the Boca Raton Concours d’Elegance posted sales of $2.6 million with a 52 percent sell-through rate.

Those figures include the post-block sales that are part of The Finest’s auction format, which includes a 72-hour sales extension after the last hammer drops at the live auction. Nonetheless, only 37 of the 71 lots offered went to new owners. Continue reading

Finest auctions working toward Boca Raton, Danbury sales

Bradley Farrell preparing for the Finest's first auction in its Connecticut facility | The Finest photos
Bradley Farrell preparing for the Finest’s first auction in its Connecticut facility | The Finest photos

Bradley Farrell may be the owner and chief executive, but that doesn’t mean he doesn’t handle seemingly mundane tasks as his year-old collector car auction company prepares for its upcoming sales.

One of those sales will take place this spring in The Finest Automobile Auctions’ 48,000-square-foot headquarters and showroom in Danbury, Connecticut, where the CEO sweeps the floors when he’s not negotiating for an auction consignment or working on yet another way to revolutionize the collector car auction process. Continue reading

Aspen/Snowmass results endorse new auction house’s mission

Balloon festival vantage of The Finest's Aspen/Snowmass auction venue | The Finest auction photos
Drone provides overhead vantage of The Finest’s Aspen/Snowmass auction venue | Aerial photos by Kyle Blaney of Proxibid

One of Bradley Farrell’s missions in launching the immodestly named Finest Automobile Auctions company was to break some traditions. One of those traditions was “grinding,” putting pressure on consignors to lower their reserve prices when bids on their vehicles were falling short of those levels on the auction block.

Instead, Farrell would extend the bidding period, by as much as 72 hours after action on the block had ended. He believed that someone who would bid only to a certain level during the public auction would be willing to increase a bid when away from the heated auction environment. Continue reading

Docket set for inaugural Aspen/Snowmass collector car auction

1932 Bugatti Type 49 roadster tops a docket designed for the Colorado mountain environment | The Finest auto auction photos
1932 Bugatti Type 49 roadster tops a docket designed for the Colorado mountain environment | The Finest auto auction photos

Rocky Mountain peaks and golden-leafed aspens — it only seems fitting — will provide backdrop for the first classic car auction in Aspen/Snowmass, Colorado, and Bradley Farrell, founder of The Finest Automobile Auctions, thinks he’s assembled a sales docket that fits the local environment.

“For the demographic here, while it’s a very wealthy community and could afford multi-million-dollar cars, it’s not the right thing to do for your first auction here, for the first auction ever here,” Farrell said of the sale taking place Saturday. Continue reading

The Finest adds another auction venue: Boca Raton Concours

Scene at the 10th annual Boca Raton Concours d'Elegance | concours photos
Scene at the 10th annual Boca Raton Concours d’Elegance | concours photos

The Finest Automobile Auctions announced Thursday that it has added a third sales venue to its schedule and will stage a collector car auction in conjunction with the 11th annual Boca Raton Concours d’Elegance next February 11 at the Boca Raton Resort & Club north of Miami, Florida. Continue reading

Finest tops $3.4 million at its Elegance at Hershey auction

1968 Lamborghini 400GT is on the auction block | The Finest photos
1968 Lamborghini 400GT is on the auction block | The Finest photos

The Finest Automobile Auctions has announced total sales of more than $3.4 million for its inaugural sale at The Elegance at Hershey last weekend. A 1968 Lamborghini 400GT sold for $577,500 and a 1927 Bugatti Type 38A brought $440,000.

Continue reading

Finest sets docket for inaugural auction at Hershey Elegance

1949 Maserati A6 1500 coupe among featured vehicles at The Finest's auction at The Elegance at Hershey | Finest photos
1949 Maserati A6 1500 coupe among featured vehicles at The Finest’s auction at The Elegance at Hershey | Finest photos

The Finest Automobile Auction makes its live-auction debut June 11 when it stages a collector car sale in conjunction with The Elegance at Hershey, an annual concours d’elegance held at the famed Hershey Hotel in Pennsylvania. Continue reading