BaT earns a 5% commission on the sales price, capped at a maximum of $5k/sale. Source: BaT website, Bloomberg, The New York Times

Going… going… gone! Online auctions are outperforming their in-person counterparts. 

Last year, classic-car auction site Bring a Trailer (BaT) sold $829m worth of used cars. It was the first time that the site beat its biggest live-auction rivals, including Mecum Auctions, which reportedly sold $578m worth of vehicles in the same year.