|
Re: Russo and Steele auction
I am on my computer now and I never registered today. I registered over a year ago, yes, but as you stated I have not posted on here before. I don't want an argument over this, I just am trying to get this straight. I heard about this all when I got in to the office tonight. I think this needs to be addressed and I don't think that it is right. That is all I am saying and that is the truth.
|
Re: Russo and Steele auction
"And" O.J.'s Innocent................ https://www.yenko.net/ubbthreads/imag...s/confused.gif
https://www.yenko.net/ubbthreads/imag...mlins/flag.gif |
Re: Russo and Steele auction
I told you it was a rogue employee.
Definition: rogue An unprincipled, deceitful, and unreliable person; a scoundrel or rascal. |
Re: Russo and Steele auction
texas_musclecars7979 is the new registrant with the same IP as UcantGetit. That is different name from Texas Muscle Cars above. Just need to find out if all three share an IP address or maybe two rogue supporters are acting without his knowledge.
either way the first two....you CAN ... get this... http://i134.photobucket.com/albums/q...callcoming.jpg |
Re: Russo and Steele auction
That is all I am saying and that is the truth.
https://www.yenko.net/ubbthreads/images/graemlins/bs.gif |
Re: Russo and Steele auction
I do not have to keep defending myself. I am not blaming an employee, I don't know where it came from. All I am saying, is you all say those two were registered today. I have been registered for over a year. I know what the truth is. It doesn't matter as long as I know. My attorneys are handling the rest.
|
Re: Russo and Steele auction
Why is it, that at what seems like the end of these threads, that the word lawyer always pops up? Isn't it about the admiration of these cars any more or is it all just about money?
|
Re: Russo and Steele auction
No this is joey from Georgia!!!
Looks like you folks have been busy stirring up XXXX since I have been gone. Now for a few facts. Fact 1:Drew stated in the deleted post(someone must hope to gain from removing it) that it was the disappearing drunk bidder syndrome on the boss car and that he stepped up and done the right thing by paying the difference on the boss car out of his own pocket after reselling it.I believe reading that he said he was being the big boy. Fact 2: Now he states that his company knowingly ran the bidding up. Fact 3:The car hasn't been sold but has been returned to the original owner. Fact 4: The owner is unhappy over the condition that it was returned to him in . I dont think I need to say any more ,surely you get the point. |
Re: Russo and Steele auction
Picture this scenario. You have a COPO you have a 200K reserve on. Bidding dies at around 180K. You ask the auction house to drop the reserve. They look at you and ignore you. Reason being they risk a bad situation since the 180K bid is one of those artificial ones..The second someone outbids the artificial one, they are all over you like a rat on cheese to drop your reserve. I just cant get used to seeing artificial used in a contract of any type unless its a horse stud fee for breeding and is followed by the word insemination.
|
Re: Russo and Steele auction
Good one Chuck and what a SH_TSHOW !. Never been to one of these auctions,and after reading and hearing all this......the Novice and/or 1 time car seller or buyer has to really be like a Pro Football or Hockey player...."Keep Your Head UP "
|
Re: Russo and Steele auction
I'd bet there is going to be some consideration given to not allowing video taping on the auctions in the future. If the video didn't exist of the Boss 9 going accross the block we would have "he said she said" finger pointing. The auction house would still have theirs but it would take a ruling by a magistrate to get ahold of it. And we all know how some of it just dissapears or gets recorded over or the crucial scenes are somehow missing because someone unplugged the camera or moved it.
How's that for a conspiray theory? |
Re: Russo and Steele auction
Aloha Guys love the forum.I am just getting blown away from all this talk about shill bidding.I cant even imagine this is going on & in writing on contracts to, say it isnt so.I have been watching Barett jackson ever since it came on Speed Chanel & cant wait to watch it just like the Superbowl.After all it is like the Superbowl of Musclecars.My question is could there be shill bidding there?I know it is a No Reserve auction but I have seen some irregularities on some cars.Like some times they stop the bidding and have to go back to someone who wants to take the bid again(could it be because of a shill bidder) and some cars have to be resold for some reason not explained.Please tell me it doesnt happen there because I really want to go there one year Mahalo Irvin
|
Re: Russo and Steele auction
My attorneys are handling the rest. ............Texas Muscle Cars
Rick.............You did Nothing wrong in your Dealing's with R-S https://www.yenko.net/ubbthreads/imag...lins/beers.gif...........But......the way you handled yourself in this thread supports my "Perception" https://www.yenko.net/ubbthreads/images/graemlins/bs.gif of Used Car Salesman..... https://www.yenko.net/ubbthreads/images/graemlins/bs.gif Ken https://www.yenko.net/ubbthreads/imag...mlins/flag.gif My Lawyer is handling the Rest......... https://www.yenko.net/ubbthreads/imag...iggthumpup.gif |
Re: Russo and Steele auction
In the case where the house shill bids and "wins" the car a)why don't they have to buy it like anyone else who has a winning bid? b)if they don't buy the car after screwing up the seller's auction who pays for the seller transporting the car to and from the auction and all the associated costs?
I would be uber-pissed if I spent my time and money getting my car to an auction and the hammer dropped and the damn car showed back up at my house like a bad exgirlfriend! https://www.yenko.net/ubbthreads/imag...thumbsdown.gif It apprears from these related thread I am not the only one shocked at sanctioned shill bidding. I always figured some guys would have their buddies in the crowd to CYA, but I didn't know the house had a gog in the fight.Does Mecum shill their own auctions too? |
Re: Russo and Steele auction
[ QUOTE ]
I know what the truth is. It doesn't matter as long as I know. My attorneys are handling the rest. [/ QUOTE ] yeah, uh huh..... you originally post at 7:54pm EST, now an hour or so later you say you've already got your attorney's involved AFTER BUSINESS HOURS.... dude, your a liar, unless of course there is a pup tent in your office that they live in 24-7. https://www.yenko.net/ubbthreads/images/graemlins/bs.gif https://www.yenko.net/ubbthreads/imag...mlins/hmmm.gif https://www.yenko.net/ubbthreads/imag...thumbsdown.gif JH |
Re: Russo and Steele auction
Do you even know when I contacted them? No, so don't call me a liar. I don't care to continue this discussion. Now, you see why I never posted before. I don't care for this. I don't sell "used cars" as you state, I have high quality Muscle and Classic Cars, but that is irrelevant. I know that I did nothing wrong at RandS. I am defending the other postings but I guess you don't see that. End of this.
|
Re: Russo and Steele auction
[ QUOTE ]
Mecum shill their own auctions too? [/ QUOTE ] Now that's a good question! Does anybody know? |
Re: Russo and Steele auction
|
Re: Russo and Steele auction
Boy - This is getting hard to follow without a scorecard!
Now let me get this straight - The first real response was at 7:54 or 9:15pm? You are upset about being called a used car salesman or a liar? You know what the truth is - but no one else does? Where's my Ginkgo Biloba??? https://www.yenko.net/ubbthreads/imag...s/confused.gif Hey - welcome back joey! https://www.yenko.net/ubbthreads/imag...lins/smile.gif |
Re: Russo and Steele auction
More butter please.
|
Re: Russo and Steele auction
[ QUOTE ]
In the case where the house shill bids and "wins" the car a)why don't they have to buy it like anyone else who has a winning bid? b)if they don't buy the car after screwing up the seller's auction who pays for the seller transporting the car to and from the auction and all the associated costs? I would be uber-pissed if I spent my time and money getting my car to an auction and the hammer dropped and the damn car showed back up at my house like a bad exgirlfriend! https://www.yenko.net/ubbthreads/imag...thumbsdown.gif It apprears from these related thread I am not the only one shocked at sanctioned shill bidding. I always figured some guys would have their buddies in the crowd to CYA, but I didn't know the house had a gog in the fight.Does Mecum shill their own auctions too? [/ QUOTE ] Like it or not the auction house was trying to get bids for the car. Yes it screwed up when it dropped the gavel on it's own employee but the car apparently wasn't going to sell at what the owner wanted anyway since there was no real money at his price. The auction house does all it can to attract buyers. Problems like this seem to happen as car values fall and everyone is still clinging to the idea of what they thought their should be worth but maybe isn't. |
Re: Russo and Steele auction
""The auction house does all it can to attract buyers.""
Shill bidding up to the reserve is a difficult way to 'attract' buyers IMHO, it sounds like it's a way to attract higher prices - which brings more cars. I realize this is a circular discussion, but for many folks who are auction observers this shill bidding clause in the contracts is new info. The next generation of auction participants may very well just choose to sell their stuff privately, and avoid the auction process. |
Re: Russo and Steele auction
|
Re: Russo and Steele auction
Sure seems like alot of work and time and stress to transport your car, be there to converse with potential bidders, and then all anxiety of is the car going to sell for what YOU think it will. The price you think it's worth is ALWAYS more than what John Q public does, because they have no emotional ties to the car.
And then sit there and if it does not sell, which is common from the numbers I see, your drained worn out and now have to transport home and regroup. Why is BJ the only no reserve auction house? |
Re: Russo and Steele auction
All the auction houses do more harm than good for our sport. How many times have you heard the phase "Well at B-J this or that sold for this much, but in the real world your car really isn't worth that much"? So this creates false markets and values. And guess who wins. The auction houses. They take 8 to 10% from the buyer and seller for a total of 16 to 20%.
|
Re: Russo and Steele auction
Do they shill bid on the lesser value cars? Say the 30-50K ones? The ones the average Joe would be interested in.
|
Re: Russo and Steele auction
[ QUOTE ]
Do they shill bid on the lesser value cars? Say the 30-50K ones? The ones the average Joe would be interested in. [/ QUOTE ] Of course they do. Here is how it works. Shill bidding if less than 2 real bidders. So if the real bidder is close to the reserve, you see the guy on the floor trying to get the seller to lower his or her reserve. If the seller does the car is sold at that bid. Very seldom that the bid increases from there. |
Re: Russo and Steele auction
[ QUOTE ]
[ QUOTE ] Do they shill bid on the lesser value cars? Say the 30-50K ones? The ones the average Joe would be interested in. [/ QUOTE ] Of course they do. Here is how it works. Shill bidding if less than 2 real bidders. So if the real bidder is close to the reserve, you see the guy on the floor trying to get the seller to lower his or her reserve. If the seller does the car is sold at that bid. Very seldom that the bid increases from there. [/ QUOTE ] I think your last statement was proven incorrect by the R&S example that started this whole discussion. I think the seller dropped his reserve at $265k'ish, and the car pulled another $80k or so. I think that was a pretty good run! |
Re: Russo and Steele auction
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Do they shill bid on the lesser value cars? Say the 30-50K ones? The ones the average Joe would be interested in. [/ QUOTE ] Of course they do. Here is how it works. Shill bidding if less than 2 real bidders. So if the real bidder is close to the reserve, you see the guy on the floor trying to get the seller to lower his or her reserve. If the seller does the car is sold at that bid. Very seldom that the bid increases from there. [/ QUOTE ] I think your last statement was proven incorrect by the R&S example that started this whole discussion. I think the seller dropped his reserve at $265k'ish, and the car pulled another $80k or so. I think that was a pretty good run! [/ QUOTE ] Rarely does that happen. Watch the film footage or pay close attention at the next reserve auction you attend. You will see that this is normal business procedure. Don't think games are not played at the No Reserve auction also. |
Re: Russo and Steele auction
[ QUOTE ]
Howard, thanks for the info. I too do not see why Texas Musclecars felt this was the best course of action. They bought the car fair and square. Yes. is was "a steal", but how many of us would love to stumble into such a deal? And how many of us would void the deal if in their shoes? Before they started posting this crap, I was on their side, not now. https://www.yenko.net/ubbthreads/images/graemlins/bs.gif [/ QUOTE ] WTF https://www.yenko.net/ubbthreads/imag...s/confused.gif If the car was stolen fair and square, and since it would not appear that anyone posting here had said anything negative about Texas Muscle Cars, Rick, please tell us why have you got your knickers in a knot. https://www.yenko.net/ubbthreads/imag...lins/dunno.gif It's the auction house's way of doing business being dicussed here, not Texas Muscle Cars' way of doing business. This sounds like the time when the judge asked my lawyer if the defense had any objections to the charges being dropped. https://www.yenko.net/ubbthreads/imag...lins/blush.gif |
Re: Russo and Steele auction
A lot of people keep calling it shill bidding, but if the auction house divulges that it will place a bid on behalf of the seller then I don't think that is considered a shill bid. If a private individual has his buddy placing a bid on his car, then that is considered a shill bid unless of course his buddy really wants to buy it. I'm not trying to defend anyone here, but it's in plain writing that this is what most reserve auctions do so it should be no surprise.
|
Re: Russo and Steele auction
[ QUOTE ]
A lot of people keep calling it shill bidding, but if the auction house divulges that it will place a bid on behalf of the seller then I don't think that is considered a shill bid. If a private individual has his buddy placing a bid on his car, then that is considered a shill bid unless of course his buddy really wants to buy it. I'm not trying to defend anyone here, but it's in plain writing that this is what most reserve auctions do so it should be no surprise. [/ QUOTE ] What ever you want to call it, the end result is the same. |
Re: Russo and Steele auction
I never knew that auction houses as part of their standard business practice bid the cars up. I had heard they may have secretly done this, but to have it in their standard contract was quite enlightening. BTW its my understanding this only applies to reserve auctions.
Now if a car is bid up by the auction house (artificially)but under the original reserve and then the auction lowers the reserve and a bid is placed by a real bidder that exceeds the lower reserve then that to me is shill bidding. Again the sale price has been established artificially by the auction house and not the market. I am not anti auction, but this specific practice seems very questionable...at least from a buyers perspective. |
Re: Russo and Steele auction
|
Re: Russo and Steele auction
[ QUOTE ]
A lot of people keep calling it shill bidding, but if the auction house divulges that it will place a bid on behalf of the seller then I don't think that is considered a shill bid. If a private individual has his buddy placing a bid on his car, then that is considered a shill bid unless of course his buddy really wants to buy it. I'm not trying to defend anyone here, but it's in plain writing that this is what most reserve auctions do so it should be no surprise. [/ QUOTE ] Shill bidding was a law created to protect buyers and your words seem to express concerns only for what the sellers and auction house know of and understand?. If they're both aware of, and agree to the trickery between themselves yet hide behind words crafted to escape the real meanings and understanding of those spending the money, that certainly doesn't make anything right...or fair!. https://www.yenko.net/ubbthreads/imag...emlins/mad.gif ~ Pete |
Re: Russo and Steele auction
|
Re: Russo and Steele auction
All I can say is WOW https://www.yenko.net/ubbthreads/imag...s/confused.gif
This is very enlightening. https://www.yenko.net/ubbthreads/imag...ns/scholar.gif Pass the popcorn please. |
Re: Russo and Steele auction
[ QUOTE ]
[ QUOTE ] A lot of people keep calling it shill bidding, but if the auction house divulges that it will place a bid on behalf of the seller then I don't think that is considered a shill bid. If a private individual has his buddy placing a bid on his car, then that is considered a shill bid unless of course his buddy really wants to buy it. I'm not trying to defend anyone here, but it's in plain writing that this is what most reserve auctions do so it should be no surprise. [/ QUOTE ] Shill bidding was a law created to protect buyers and your words seem to express concerns only for what the sellers and auction house know of and understand?. If they're both aware of, and agree to the trickery between themselves yet hide behind words crafted to escape the real meanings and understanding of those spending the money, that certainly doesn't make anything right...or fair!. https://www.yenko.net/ubbthreads/imag...emlins/mad.gif ~ Pete [/ QUOTE ] BINGO! Ladies and Gentlemen we have a winner! |
Re: Russo and Steele auction
I received a phone call today that I had been expecting...but the conversation was not what I expected.
Rick Prince the owner of Texas Muscle Cars called me to discuss the email I had sent him (the one I mentioned in my previous post) with a link to the Racin Boys interview. Rick wanted to explain his side of the story about his purchase of the Shelby at the recent R&S auction. Rick told me that the car was never presented at auction as benifiting disabled children, no mention of the suposed back story of its 28 year history and the suposed reason for the sale. The title for the car was in the complaintants name and not the suposed father of the diabled children. The car was originally Lime Gold and had been repainted Candyapple Red which also was not revealed in the auction copy. He is not an expert on Fords and only learned of the color change when he got it home even though the vin# would have told him the original color if he knew how to decode it. He bought it because he thought it was a good deal on a Shelby GT500KR and figured the auto tranny was hurting its value and the reason it sold for 100K plus 8%. With this new information I'd say it was well bought but far from a steal. Rick went on to say that the guy telling the story had really upset him with his comment that Rick had taken money away from these kids. Rick has been very giving in regards to charitable causes and those comments troubled Rick greatly. He didn't answer the phone calls or call the guy as he originally said he would because R&S said they would handle it. After Rick finishes telling me all this I let him know that I nor most of the guys here think he did anything wrong and we stated so in our post and that the uproar was about the post he and Rachael/Sharon had made on the sYc where she was found out to be a liar. Rick tells me that he didn't make any post and hasn't visited this site in a while, but one of the guys who works in the shop does visit a lot and talks about this site from time to time. I ask Rick to got to his computer and read the thread about Russo & Steele and see what I'm talking about and then call me back. 90 minutes later Rick calls me and is quite bothered about the post that were made in the thread by Rachael/Sharon and supposedly himself. He says he confronted Rachael (who I have never met) who turns out is his daughter and works with him. He also confronts the guy in his shop and both deny any knowledge of the post. He then confronts Rachael a second time and she tearfully admits making all the post even the ones from him in an effort to support her Dad who had felt terrible about the way he had been portrayed in the Racin Boys interview. I admire his daughters courage but don't condone her methods and neither does Rick. I felt it best that I make this post so the truth and Ricks side of the Shelby purchase could be told. Moderators, I ask that this post stay up till Monday for all to see and then it and the posts by Rachael be deleted from the thread. |
Re: Russo and Steele auction
Thanks for the update.
|
| All times are GMT. The time now is 06:50 AM. |
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.