69 Z28 Sold for $112,000

[SuperCars]

I have heard a number of high profile collectors speak about the "no reserve" flat fee commision agreement. I don't know if it is true or not, as I have never brought a car to auction. So maybe I am just too suspicious when I hear sales prices that seem unjustified. But to each their own; as guys with unlimited funds have every right to spend it on whatever they want to if it makes them happy.

[Charley Lillard]

I know some of the smaller auctions sometimes have agreed to reduce fees if the dealer has to buy the car back but Barrett is so big that they are at the Mercy of nobody. 10 Dealers could refuse to bring cars to Barrett and it would have no effect. I have a Friend that is a Dealer and he has alot of Consignment cars. He tried to do Barrett with Reserves and was told they could only be listed with no Reserves. He explained to them that he does not own the cars and the car owners have net prices that he has to get before he can sell their cars. If those net prices were not met, they would have to made up out of his pocket. He could effectively be Bankrupted if everything went wrong. He did not bring any cars and only a couple People asked me why he wasn't there.

[NWYENKO]

RUMOR here in the NW is that sometime in the last few months 6 guys ponied up $20k each and bought the Zepher for the purpose of taking it to the auction. REMEMBER I said RUMOR. Jim

[SamLBInj]

[ QUOTE ]
RUMOR here in the NW is that sometime in the last few months 6 guys ponied up $20k each and bought the Zepher for the purpose of taking it to the auction. REMEMBER I said RUMOR. Jim

[/ QUOTE ]
I was thinking of something along those lines, There are alot of members on this site and with all the knowledgable people here it would be a no-brainer to get as many people as we can and pitch in maybe 5-10K each and start buying up cars for the purpose of making money. Kinda like a stock club but with cars. We have people all over the country and in Canada to look and check out cars and with the prices the way they are I would rather do this than buy stocks. May even get enough cash to build a track with storage buildings and rent that out for special events..I believe there is something like this for road race cars down in Texas somewhere where everyone owns a piece and they can also use all the different cars for a certain yearly additional fee and run them around the track. You could even get into the restoration end.
Anybody??
Sam

[TimG]

We are hauling a Chevelle LS6 Convertible to the BJ auction in March and they clearly stated that the buyer and seller fee will apply if the buyer purchases his own car. They also did not want the car to go across the block with a reserve. They generally put lots of pressure on you to remove the reserve when the bidding stalls. This generally brigns the bidding back to life a bit.

[Charley Lillard]

Barrett Jackson is doing a auction March 18-21 in Palm Beach Florida. I was told that GM is selling off a bunch of cars that they have had tucked away.

[SamLBInj]

[ QUOTE ]
Barrett Jackson is doing a auction March 18-21 in Palm Beach Florida. I was told that GM is selling off a bunch of cars that they have had tucked away.

[/ QUOTE ]
I will be there, anyone else? Nothing like Palm Beach in the spring
Sam

[mc25t190]

i agree, that deal was offered to me when i was going to take a car there last year, i kindly refused and didn't like them trying to force me into a low reserve. i will never, repeat never register or buy a car from BJ.

[KLONECO]

thank you for the pictures Charley.......I really enjoyed viewing them...