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Tractor Talk Discussion Board

Re: OT---Barrett-Jackson Car Auction in Arizona


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Posted by docmirror on January 18, 2018 at 11:47:20 from (107.213.165.255):

In Reply to: OT---Barrett-Jackson Car Auction in Arizona posted by PAGlenn on January 18, 2018 at 10:28:51:

Quoting Removed, click Modern View to see

I have worked with Wayne Carini who does a lot of selling at various car auctions. He's tried to the lower the reserve on several cars during the auction and the auctioneer will wave him off, which means the bid has stalled on a fake bidder, and leave it go a bit longer to get a new real bid. Also, Mecum has been caught with a shill bidder mistakenly 'winning' a bid, auctioneer mistakenly banged the gavel and said "sold", but the car never changed hands, and the seller sued them, because the 'buyer' backed out. Turns out he was employed by Mecum.

As for the time on the block, I don't care if they have 8000 cars. If I'm a seller, and I want to have my car on the auction, it has to stay up long enough to get some movement in the crowd. I've been to many auctions and the inertia of bidding can be brisk, or it can be slow. If it's slow - then there needs to be more time built in. At these big name auction places, if the bidding doesn't take off right away, they'll just dump the car and go on to the next. If it was my pride and joy up there, and got tossed off after 20 seconds, I would be hot. They are getting PAID by the sellers, and the buyers, and the network which promotes the show. Lot of overhead money, and short shrift on the block is no excuse. Seller still has to pay his fee.


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