Ep 7. Auction Fever

The Car Chasers is a show that follows the fast-paced world of car flipping, where car enthusiasts and professionals buy and sell classic cars for a profit. In season 1, episode 7, titled "Auction Fever," the Car Chasers team is on the hunt for their next big score at the Barrett-Jackson auction in Scottsdale, Arizona.

The episode begins with the team - Jeff, Meg, and Eric - excitedly preparing for the auction, hoping to find some rare and valuable cars to flip. As they arrive at the auction venue, they are greeted by a crowd of car enthusiasts and eager bidders, all hoping to get their hands on some of the most sought-after classic cars in the world.

The Car Chasers team wastes no time getting down to business, splitting up to explore the different auction lots and find the best cars to bid on. Jeff, the team's leader, heads straight for a rare 1983 Ferrari 512 BBi, while Meg and Eric scout out other potential gems.

As the auction gets underway, the tension and excitement in the air is palpable. Bidding wars break out over some of the most coveted cars, with prices quickly skyrocketing into the millions. The Car Chasers team stays focused on finding the cars that they can make a profit on, carefully analyzing each car's condition and potential resale value.

The episode highlights some of the most exciting moments of the auction, including the sale of a one-of-a-kind 1967 Chevrolet Corvette L88 - one of only 20 ever made - for a staggering $3.85 million. The team also takes a moment to admire a beautiful 1957 Chevy Bel Air Convertible, which sells for a more modest $165,000.

But not every car at the auction is worth the investment. The team passes on a few potential buys, careful not to make any costly mistakes. They also witness some surprising results, with some cars selling for far less than expected while others go for much more than their estimated value.

Throughout the episode, the Car Chasers team demonstrates their expertise in the classic car market, carefully weighing the risks and rewards of each potential buy. They also work together as a tight-knit team, with each member contributing their own unique skills and knowledge to the group.

In the end, the team leaves the auction with a few new purchases, including the highly coveted 1983 Ferrari 512 BBi. They also reflect on the ups and downs of the auction, realizing that even the most experienced car flippers can't always predict how the market will behave.

Overall, "Auction Fever" is a thrilling and informative episode of The Car Chasers, showcasing the exciting world of classic car auctions and the high stakes of car flipping. It also highlights the hard work and expertise of the Car Chasers team, as they navigate the complex and competitive world of classic car collecting.