Baret Jackson Steal
#1
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Baret Jackson Steal
The 2015 Black 52 MTI Pressure makes Diamonds just hammered for $500K with the 2 spare QC4V engines
Nicely bought - congrats to whomever
Nicely bought - congrats to whomever
Last edited by speicher lane; 01-20-2018 at 08:15 PM.
#3
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Yeah I would agree with that. I just got home from spending the week there and all I can say is WOW.
#4
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If the owner bought it back he would have to pay Uncle Craig both sides commissions buyer and sellers. That is $90,000. Plus what it cost to transport and run across block. Puts it around 100k in costs to do a buy back. Either way no reserve is a gamble.
#5
It's called a "shill bidder"......since it is a boat, BJ might have worked out something with the seller on the fees/strategy.
Auctions are ripe for shenanagans!
I watched some of the cars, didn't see a "steal" among them. I have no idea why a buyer would ever want to buy anything with a structure like that. Everyone is quick to complain about a car dealer or a dealer fee of a few hundred but to start bidding against the guy across the room to be the high bidder in a circus like environment then pay the auction fees is crazy!
90% of the cars are just used cars, the internet can locate duplicates anywhere in the country. The contractor that sold 15+ cars from the 78 Pace Car Vette to the 2018 McLaren (didn't meet reserve) was getting over retail money for nice exotic cars but certainly nothing rare. He sold a 458 Speciale Ferrari......there are a dozen of them on ebay right now from 265-429K (cheap one is repaired salvage). His sold for 400K....+10% = 440K....you can buy the same car from an authorized Ferrari dealer for less! Add transport costs (which I'm sure are a premium for this event) and then the hassle/costs of attending.
Sure the other 10% of the cars they offer are one off or rare but the majority is not.
Auctions are ripe for shenanagans!
I watched some of the cars, didn't see a "steal" among them. I have no idea why a buyer would ever want to buy anything with a structure like that. Everyone is quick to complain about a car dealer or a dealer fee of a few hundred but to start bidding against the guy across the room to be the high bidder in a circus like environment then pay the auction fees is crazy!
90% of the cars are just used cars, the internet can locate duplicates anywhere in the country. The contractor that sold 15+ cars from the 78 Pace Car Vette to the 2018 McLaren (didn't meet reserve) was getting over retail money for nice exotic cars but certainly nothing rare. He sold a 458 Speciale Ferrari......there are a dozen of them on ebay right now from 265-429K (cheap one is repaired salvage). His sold for 400K....+10% = 440K....you can buy the same car from an authorized Ferrari dealer for less! Add transport costs (which I'm sure are a premium for this event) and then the hassle/costs of attending.
Sure the other 10% of the cars they offer are one off or rare but the majority is not.
#8
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Is there a story as to why it went to auction to begin with?
#9
Platinum Member
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iTrader: (6)
I like the Mecum auctions the best ( The deal maker ) Dana will lower the commission % to get the deal done.