Bidders can visit BBT’s head office in Gurgaon to view the collection before bidding, or experience a 360-degree view of the cars on the website which will allow them to have a first-hand digital experience of the vehicle.
Big Boy Toyz, a used luxury car dealership, has announced that it will hold the country’s first online auction of vintage and classic cars. This new business venture, according to BBT, allowed it to expand its consumer base into a niche segment. The BBT online auction will be launched with a wide range of brands such as Rolls Royce, Bentley, Cadillac, Austin, Land Rover, Buick, Mercedes, Chevrolet, among others in inventory. The auction will go live on December 19, 2021, at noon, allowing anyone across the world to participate.
The auction will begin with the iconic 1960 Volkswagen Beetle, for which the auction will start from Rs 1. The Beetle will be offered without reservation and will be sold at the final offer price.
All vintage cars auctioned by BBT will be appraised by experts and information about them will be made available on the website. The auction will begin on December 19, 2021 and will be webcast live on the website.
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The result of the auction will be announced on January 8, 2022 from 3 p.m. Bidders can visit BBT’s head office in Gurgaon to view the collection before bidding, or experience a 360-degree view of the cars on the website which will allow them to have a first-hand digital experience of the vehicle. BBT has also organized a dedicated helpline to assist bidders and provide information.
To ensure a smooth auction process, bidders can only participate in the auction by selecting a plan:
Hobbyists Plan: Rs 1 lakh deposit – one bidder will be eligible to bid for two cars, each car will have an estimated value up to Rs 50 lakh
Connoisseur plan: deposit of 2 lakhs of Rs – bidders will be able to bid for cars with no upper limit on the value of the cars
“Classic cars are bought for their driving experience, their history, their heritage and the feelings that go with them. Various collectors have owned these rare pieces of art and passed them down from generation to generation. We are eagerly awaiting new and passionate collectors to enter the market and bid for these exquisite and rare motor cars. We aim to make this vintage and classic car online auction a 100 crore vertical for our organization, ”said Jatin Ahuja, Founder and CEO of Big Boy Toyz.
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