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My Restomods are off to Barrett-Jackson

 
Old 01-20-2019, 11:24 AM
  #81  
kenba
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Wasn't there but watched online with my friend you met at the auction that had 4 cars there. He didn't do very well either. Seems like this was the year for pickups & land rovers. There is no rime or reason what sells for what at auctions. The trick is to guess what's going to be hot next year. It's a game we play.
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Old 01-20-2019, 11:26 AM
  #82  
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Originally Posted by Not Red Rob View Post
I want to give a huge thank you to Elio from LS Classics, not only does he build amazing products but he is a great guy, he was a life saver for us tonight at the auction, the 65 arrived dead and BJ never told me until they came to take the car and the battery had been completely drained by the transporter. Elio spent $500 on booster packs and worked on the car with the mechanics for over 2 hours to get the life back in the battery to get the car to drive across the block. If any of you ever have the opportunity to work with him, I can guarantee you will be impressed.
I have worked with Elio in the past, great guy! He not only does exceptional work on resto mods, he also is one of the premier restorers of NCRS/Bloomington mid years Vettes. Very sorry to hear that you did not do well with your cars.
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Old 01-20-2019, 11:36 AM
  #83  
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Rob.
I hope overall you came out ok. I was also surprised the Morrison car didn't do better. I think the sweet spot to sell Saturday was between 3-6 Scottsdale time. Even watching on tv I could tell there was a change in the room. Told my wife I wouldn't have been happy about going after a charity car like your 57 did. Sometimes those charity cars suck all the momentum out of the room and it takes a while to come back around. Don't be discouraged you and Jaime build some nice cars. Maybe try Mecum Indy it's fairly close for you.
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Old 01-20-2019, 12:07 PM
  #84  
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question for you B/J sellers, not that anyone knows for sure but do people like Ron Pratt, Rick Hendrick and the guy in the sky box Staluppi (sp) do they pay full freight on commissions?
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Old 01-20-2019, 12:22 PM
  #85  
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Originally Posted by car junkie View Post
It would depend on what and why I was selling.

I would like to read the BJ contract on this stuff, are they allowing sellers to bid on their own cars to prevent low ball sales on no reserve cars?

If that's true, then everyone including the bidders would know it. Straight forward enough I guess but it's hard to say that that is not a deception on some level.

What's in the contract about "friend" shill bids? or is this something that's not even brought up, wink wink, it's legal!

Like I said, my research indicates shill bidding, at least in AZ, is not illegal. Is it unethical?, yeah, I think it is. In an advertised "no reserve auction", if shill bidders are involved, that's a kind of hidden reserve that can be used to take advantage of gullible bidders. From my perspective, that's where BJ makes a large portion of their profits.

BTW, I'm not excusing willful ignorance on the part of bidders, all this info is out there and easily found.

Buyer beware.

This is is ALL auctions ...not exclusive to BJ, Mecum has owner buybacks all the time. Know what you’re willing to pay, the value of the car, and bid up to it. Venues like this thrive on bidding wars and a touch of alcohol to loosen the inhibitions a bit.
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Old 01-20-2019, 12:25 PM
  #86  
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Originally Posted by car junkie View Post
It's the very definition of shill bidding.

Read again
"Not sure, but that’s what we were told by the owner of one of the $200k cars that was parked beside mine. He possibly had a friend bid with the agreement to buy back."

The seller of this car decided it was in his interest to have a friend bid the price up and if he ended up buying it back and losing even more on this car, THE GAMBLE, it was worth it to him.

This is very easy to understand!
Not shill bidding. If the guy buys his car back he pays the 10% buyers premium and same sellers premium. Then takes his car back to find a buyer willing to pay what he feels is the right price. A gamble yes but perfectly legal and all bidders and sellers are aware who can bid!!! If they don't want to gamble go to a reserve auction like Mecum. Who is the scammer you were talking about? Buyers and sellers are all aware before signing an agreement with the auction house.

Last edited by RJ1; 01-20-2019 at 12:38 PM.
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Old 01-20-2019, 12:36 PM
  #87  
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Originally Posted by SurfnSun View Post



This is is ALL auctions ...not exclusive to BJ, Mecum has owner buybacks all the time. Know what you’re willing to pay, the value of the car, and bid up to it. Venues like this thrive on bidding wars and a touch of alcohol to loosen the inhibitions a bit.
Absolutely no reason to buy your car back at a reserve auction!!! Why would a seller ever buy back their car at a reserve auction?
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Old 01-20-2019, 02:43 PM
  #88  
Not Red Rob
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It was a difficult night, back on the road heading home. I can’t see anything wrong with the guy having his friend buy the car, it cost the guy almost $40k to keep the car. I’m certain you as the seller cannot bid on your own car. It was a pleasure getting to meet Everyone, got to hang out with Kurt Bush, Dave Kindig, Christie Lee & Art Morrison throughout the week, along with quite a few Forum guys. Also had the owner of the 63 split window that Dave Kindig built on the show come by several times, and loved the cars.

Gonna lick my wounds and take a little break, then back at it again.
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Old 01-20-2019, 03:31 PM
  #89  
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Originally Posted by RJ1 View Post
Absolutely no reason to buy your car back at a reserve auction!!! Why would a seller ever buy back their car at a reserve auction?

bc BJ is almost exclusively no reserve. Mecum does no reserve also. At a reserve auction, you’re right.

Last edited by SurfnSun; 01-20-2019 at 03:33 PM.
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Old 02-07-2019, 06:31 PM
  #90  
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Agree Elio is great to work with. Did my 62 and now installing his product on my 67 with LS.
Really provides that extra cool factor to the ugly but performance driven LS.
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Old 02-07-2019, 07:27 PM
  #91  
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Rob,
Did Adams give all the car sellers bags of product?
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Old 02-10-2019, 11:56 AM
  #92  
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Originally Posted by Bigredwing View Post
Beautiful cars and although I could never afford one I respect the skill it takes to design and build one, let alone the quantity you offered at auction. One area on many resto's that drives me crazy is when overly large wheels with low profile tires are used. For some reason it just does not look right to me. Yours were excellent. As far as not selling well, it appeared to me as a viewer that they were presented too close together. The TV announcers seemed to be less enthusiastic and commented "oh well, ANOTHER restomod vette" quite often. I don't know if that rather bored response was reflected in the room or not but it came though the TV to me. I'll keep my eyes open now for more of your creations. Is there a name for your garage or shop that I can follow? Thanks.



about the look of the wheels and tires. " drives me crazy is when overly large wheels with low profile tires are used"

Last edited by CorvetteMikeB; 02-10-2019 at 11:57 AM. Reason: new sentence
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Old 02-11-2019, 10:52 AM
  #93  
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Originally Posted by 67's View Post
Rob,
Did Adams give all the car sellers bags of product?
I'll answer for Rob...no, they did not.
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