If the time is right for you to buy the Corvette of your dreams, you might want to consider heading for Illinois next weekend for the Bloomington Gold show. This event is more than a car show or auction - it's a tribal ritual. The Corvette faithful from all points of North America will be there. And a good part of the weekend is given over to horse(power) trading, with over 400 Corvettes to be auctioned by Mecum Auctions.
Buying a car at auction is a heady experience. You're spending a lot of money and the action goes lightning fast. The auction houses do that intentionally - it's designed to get you caught up in an adrenaline rush to win that car no matter what you have to spend. Plus, you don't get a chance to drive the car beforehand, or do any of the other steps I recommend when buying a Corvette. Fortunately, my good friend Paul Duchene is a student of the auction process, and he has written some good advice for auction buyers.
The Bloomington Gold Corvette Auction takes place June 25-26, at the Pheasant Run Resort in St. Charles, Illinois, and it is open to the general public. Tickets are available at the gate for $20.