Does this markup seem outrageous?
Le Mans Master
Joined: Feb 2001
Posts: 8,017
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From: The problem is all inside your head she said to me.
Team Owner
Joined: Oct 2000
Posts: 38,897
Likes: 1,926
From: Washington Michigan
A few weeks ago I saw a post on here about a C2 that had been wrecked and was pretty trashed. It had since been restored, which it looked good...but I believe BJ was claiming it was like in original or some kind of cool condition. I don't remember the specifics or anything, but it was a pretty scary thought to think that these guys and gals go out to buy really nice cars and yet while the C2 was nice...it appears that they were being less than honest with us.
Team Owner
Joined: Apr 2012
Posts: 47,628
Likes: 65
Definitely Buyer Beware. Not sure why people rely on strangers when buying big ticket items.
However, unlike B-J auction, Christie's actually checked out the provenance and credentials of a certain rare Auto Union D Type about 5 years ago. While the bidding was to get up to several million, Christie's research team found a problem with the car's identity.
http://www.autoblog.com/2007/02/28/u...e-from-auctio/
However, unlike B-J auction, Christie's actually checked out the provenance and credentials of a certain rare Auto Union D Type about 5 years ago. While the bidding was to get up to several million, Christie's research team found a problem with the car's identity.
http://www.autoblog.com/2007/02/28/u...e-from-auctio/
Burning Brakes
Joined: Jun 2010
Posts: 942
Likes: 3
From: Louisville KY
I think the Auto Union D Type is not a great example as they were selling the car (as number 16, I believe) and it had tons of race history, but it was not that car, it was number 21 or some such. The car advertised was set to bring tens of millions, so the auction company MAY do its part to help on that, but not at an auction like Mecum or BJ where they sell hundreds if cars.
Racer
Joined: Oct 2011
Posts: 488
Likes: 2
From: Downers Grove Illinois
the purchaser without experience
if you see the car you want, when you want it (exterior color, interior color, coupe, convertible, horsepower, other), not someone who knows someone who wants to sell something you don't really want, but says it is a great deal, a dealer who has been in business for several years is a very good option. yes there is a markup, but a dealer who has been in business for years and years has been doing something right.
Last edited by 1974purchase; Feb 8, 2013 at 08:17 PM.
Burning Brakes
Joined: May 2011
Posts: 760
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From: Lewiston NY
2020 C8 of the Year Finalist - Modified
St. Jude Donor '12-'13-'14,'17, '20-'21
It is working in your favor. Pro Team and Terry are the market maker for your car - the maket maker is not the seller they bought from. For anybody in the hobby, he is helping you. From my very limited knowledge in cars, but experience in investment, his leadership is aiding anybody who owns or loves these cars and he is our warren buffet.
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Burning Brakes
Joined: Aug 2008
Posts: 1,174
Likes: 3
From: Mosquito Land, Manitoba, Canada
B-J (and the other auction houses) go with the vehicle description provided by the consignor, unless it's obviously flaky or someone presents evidence to the contrary before the auction. It's the responsibility of the bidder/buyer to do due diligence on his own ahead of time to know what he's bidding on. Anyone who bids big bucks on a car without examining it ahead of time and relies purely on the description as the car goes across the block is a fool. The auction house isn't there to hold your hand - that's the bidder's job.
Remember you are buying a auction car in a as is where is condition. There are NO refunds and all sales are FINAL, unless fraud is involved. It's your quarter.