I bought a replica of a 66 Shelby American Cobra, with a monstrous 427, for 20k under the appraised value. I’ve never bought a normal car at auction. Get there early, often the seller/auction house will have an inspection report, or there are people there that will inspect it before it goes on the block.
If it’s ‘as is’, no report, and they won’t allow an inspection, don’t buy it. I recall that after that big east coast hurricane about ten years back, cars that were totaled out by insurance companies were washing up at auctions. They trucked them to the west coast to put distance from the scene of the crime.
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