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#1
01-23-2003, 07:40 PM
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Re: Kevin Suydam Collection
I was wondering why so many cars were being sold with no reserve. It does seem like there is some underlying reason. Not to take anything away from BJ, but I was surprised to see that many no reserve cars.
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69 Z28 JL8, #'s match - being restored 
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#2
01-23-2003, 08:21 PM
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Re: Kevin Suydam Collection
A nice thing this year was the credit for your bidder fee against the purchase. I was able to use the "honey, look at the new dress I bought,I saved $40" line. Honey, by buying the truck I got back the $300 bidder fee!! [img]/ubbthreads/images/icons/grin.gif[/img] [img]/ubbthreads/images/icons/grin.gif[/img] Jim
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#4
01-23-2003, 08:34 PM
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Re: Kevin Suydam Collection
Kevin, Kevin, Kevin, you mean to tell me Ragena has never used that line on you after a day of shopping at Nordstroms?? [img]/ubbthreads/images/icons/tongue.gif[/img] Jim
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#6
01-23-2003, 08:56 PM
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Re: Kevin Suydam Collection
I am some what confused with the buy backs on the no reserves. Do you get to refuse to take the winning bid and pay the fee to keep your car or do you bid to win on your own car and then pay the fee? [img]/ubbthreads/images/icons/confused.gif[/img]
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Richard 68 Camaro Z28 68 Camaro RS/SS 69 Nova
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#7
01-23-2003, 09:36 PM
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Re: Kevin Suydam Collection
The seller-owner would have to out bid other bidders and be winning bidder. Then pays the seller commision of 8% and the buyer commission of 8%. He would be out 16% and keep his car. I understand that is what the owner of the Purple RT Hemi did and he is out $25,000 buying his own car.
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#8
01-23-2003, 09:42 PM
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Re: Kevin Suydam Collection
So, does that mean that the car was currently bid to approx. $150k? If so, then he now has to get at least $175k, wonder what his mental reserve was?
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Marlin 70 Yenko Nova-350/360, 4speed M21, 4.10 Posi (Daddy's Ride) 69 SS Nova-396/375hp, 4speed M20, 3.55 Posi (Benjamin's Ride) 67 RS Camaro-327/250hp, 2speed Glide, & 3.08 Open (Danny's Ride)
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#9
01-23-2003, 09:44 PM
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Re: Kevin Suydam Collection
Funny I think I saw Kevin and Sixtiesmuscle with Ragena at Vettefest a couple years ago. [img]/ubbthreads/images/icons/grin.gif[/img]
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 <span style="font-weight: bold"> (__{B}_____]]]]~~~~</span>Don't mess with old farts - age and treachery will always overcome youth and skill! Bullshit and brilliance only come with age and experience.
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#10
01-23-2003, 09:52 PM
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Re: Kevin Suydam Collection
Marlin, I can't remember the exact amount of the RT Hemi's bid, but it's listed in the auction results as $183,280 which includes the 8% buyer premium, which says the actual bid was about $170,000. Add the 8% seller plus 8% buyer commission and he has now paid more like $26,500 in commissions. I think this would say he has to make a non-commission sale at $190,000 to $200,000 to come out the same as if he would've let it get sold at B/J.
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