I've been to auctions and seem people pay stupid money for stupid cars, people get carried away and overbid or turn into somekind of ego issue, even online auctions, close to ending time 90% of the cars prices go above market current value.
Also beware, one friend bought a Toyota from a known auction house, paid cash and was told would get the papers in a couple of days, turned out to be a big legal mess with the guy never seeing his money back or being able to use the car as it was without papers,
Another one bought it from another well known online auction house, nothing wrong with it but the process was so slow that it took over a month for all the paperwork to finish and him getting possession of the car, think it was a bank repossesion or court impounded.
A funny car auction story is I just went with a friend to an auction at Aweer used car complex. Sat through the whole thing nothing good was on offer or prices went high, so getting bored my friend decided to fool around. A RTA Taxi Ford Mondeo with 450k kkms came up as one of the last cars for sale.
A sudanese gentle man, bid 2500, my friend said watch this he bid 3000, then the other guy went 3500.
Friend : 4000, smirking thinking he was driving the price high for the poor dude.
4000 any more offers
Going once ---- friends face turning pale
Going twice --- paler
SOLD! Almost about to cry face!
So he ended with a beige Ford Mondeo station wagon with almost half a million miles on it.
But it does end well, he sold it year down the line for 10k and I must say even with that much mileage and a trough taxi life it drove pretty well and solid, as I had it for a week when my car was in the shop.