Barrett Jackson Corvette Schedule Link
Thread Starter
Melting Slicks
Joined: Dec 2007
Posts: 2,619
Likes: 2
From: Perkasie Pa
I saw that. That was very strong money for that car. Hard to understand the 435 on Tuesday that only brought about $55,000 but being a 68 BB owner, I was glad to see it.
Last night looked like some strong money as the booze and money began to flow. Small block 67's for $100,000
Some deals but some paid way too much for some of the cars.
Last night looked like some strong money as the booze and money began to flow. Small block 67's for $100,000
Some deals but some paid way too much for some of the cars.Yeah it seems like the silly money comes out on Friday and Sat.
Thread Starter
Melting Slicks
Joined: Dec 2007
Posts: 2,619
Likes: 2
From: Perkasie Pa
Reggie Jacksons ZL-1 69 Camaro Sold for 290K but yet he was bidding on it Can someone tell me how that works????????????????? How do you bid on your own car!!!!!!!! I hope I'm wrong here.
Can someone tell me how that works????????????????? How do you bid on your own car!!!!!!!! I hope I'm wrong here.
Pro
Joined: Sep 2002
Posts: 624
Likes: 1
From: Melbourne, Fla. 6 months- New Middletown, Ohio 6 months
It is not uncommon for someone to bid on their own car. For example, if you have a car that you think is worth $300K and the bids are only $140K it may be worth it to you to buy it at $150K plus the buy and sell commissions of $27K (18%) for a total of $177,000.
I would have to wonder how much someone had in it initially that if they did sell it eventually for their $300K that they would somehow make money.
Usually the more common thing is for a seller to have a shill bidding on the car to drive up the price. I have heard rumors that some shady stuff has happened at BJ but it may just be BS!
I commented early in this thread that bottom line you have to be pretty sure of your stuff to sign up a big bucks car in a no reserve auction in this economy.
I would have to wonder how much someone had in it initially that if they did sell it eventually for their $300K that they would somehow make money.
Usually the more common thing is for a seller to have a shill bidding on the car to drive up the price. I have heard rumors that some shady stuff has happened at BJ but it may just be BS!
I commented early in this thread that bottom line you have to be pretty sure of your stuff to sign up a big bucks car in a no reserve auction in this economy.
Thread Starter
Melting Slicks
Joined: Dec 2007
Posts: 2,619
Likes: 2
From: Perkasie Pa
It is not uncommon for someone to bid on their own car. For example, if you have a car that you think is worth $300K and the bids are only $140K it may be worth it to you to buy it at $150K plus the buy and sell commissions of $27K (18%) for a total of $177,000.
I would have to wonder how much someone had in it initially that if they did sell it eventually for their $300K that they would somehow make money.
Usually the more common thing is for a seller to have a shill bidding on the car to drive up the price. I have heard rumors that some shady stuff has happened at BJ but it may just be BS!
I commented early in this thread that bottom line you have to be pretty sure of your stuff to sign up a big bucks car in a no reserve auction in this economy.
I would have to wonder how much someone had in it initially that if they did sell it eventually for their $300K that they would somehow make money.
Usually the more common thing is for a seller to have a shill bidding on the car to drive up the price. I have heard rumors that some shady stuff has happened at BJ but it may just be BS!
I commented early in this thread that bottom line you have to be pretty sure of your stuff to sign up a big bucks car in a no reserve auction in this economy.
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Intermediate
Joined: Sep 2008
Posts: 29
Likes: 0
Strong money for an A/T. It seems Sat. is the big money day , I wonder how you get your car auctioned on Sat. VS Thursday or Friday. That 69 435 car seems like a steal at 55K compared to an Auto 454 for 50K, Maybe it's just me.. 67 427/ 400 with air and 14 options for 155k
If I were a seller Sat. would be the day I would want . anyone know how they pick which day your car goes??
If I were a seller Sat. would be the day I would want . anyone know how they pick which day your car goes??
Racer
Joined: Nov 2008
Posts: 364
Likes: 0
From: Anaheim California
It appeared that the auctioneers favored cars of either high rollers they know or the charity sales. If their favorite seller did not get the bids they would break the bidding to tout the car again with compelling arguments for bidding it higher. While some poor nobodies got the bum's rush. I also thought the video did not show the cars well. Thanks for the vent. Ed
Melting Slicks
Joined: Jun 2007
Posts: 2,623
Likes: 22
From: Boise Idaho
St. Jude Donor '09-'10, '15, '17
Melting Slicks
Joined: Mar 2008
Posts: 2,336
Likes: 1
From: North Bellmore Ny
St. Jude Donor '09
It appeared that the auctioneers favored cars of either high rollers they know or the charity sales. If their favorite seller did not get the bids they would break the bidding to tout the car again with compelling arguments for bidding it higher. While some poor nobodies got the bum's rush. I also thought the video did not show the cars well. Thanks for the vent. Ed
I watched everyday and after seeing this for myself. I am more of a fan to the Mecum auctions where no matter who or what its an even playing field for the sellers/buyers alike.
Melting Slicks
Joined: May 2006
Posts: 3,438
Likes: 41
From: Raleigh NC
St. Jude Donor '13-'14
It appeared that the auctioneers favored cars of either high rollers they know or the charity sales. If their favorite seller did not get the bids they would break the bidding to tout the car again with compelling arguments for bidding it higher. While some poor nobodies got the bum's rush. I also thought the video did not show the cars well. Thanks for the vent. Ed
Racer
Joined: Nov 2008
Posts: 364
Likes: 0
From: Anaheim California
Unless I was in the in crowd I would not put a car in this auction. Another thing I did not see this year is the sugar daddy's with their "nieces" there but a lot wilth the old lady. LOL. Times must be really bad. Ed
Race Director
Joined: Mar 2006
Posts: 14,112
Likes: 28
From: Florida
Maybe they were stopping and stalling at the wrong winning bidder.
Can't have that.
Instructor
Joined: Aug 2008
Posts: 104
Likes: 1
All the Auctioneers have the pre-auction estimate from the seller right in front of them on screens. If the screen says this is a $250K car, and the bidding is stalled at $110K, everyone is working to bid it up! If they didn't they better be chosing a new career path.
Intermediate
Joined: Sep 2008
Posts: 29
Likes: 0