Rand Workman Friday update

[Charley Lillard]

http://motors.search.ebay.com/_W0QQf...ssZrandworkman

[Bill Pritchard]

'71 Hemi Cuda Convert sold for $4M....plus 14% buyer premium

[Bill Pritchard]

eBay 'live' coverage ended before some of the cars had gone across the block

[12bolt]

The Auction ended just before my Car was to be described in front of about 7 people. I just Drove Home. Got in My pickup Truck. went to my shop where I keep my Trailer. Drove Home. will hit the Road early and possibly get it out before the 12 Bidders from last night even arrive! while it was a great collection of Cars and High Class Vendors and all the Flavor of exciting Auction action, they just failed at attracting any serious Bidders.

[mockingbird812]

Not sure of the rules of engagement, but did the no-sales have to be bought back by the sellers? I surely hope not. What a disappointment - this was definitely the buzz at the Pavillions Car Show in Scottsdale this eve.

[Bill Pritchard]

Very interesting to hear the "real world" report from those of you at the show/auction. My wife and I spent most of yesterday afternoon in front of the computer screen, 'watching' the action on eBay. As each car was finished, the eBay screen showed "SOLD" in a column to the left of the listing, and the final bid in a column to the right. Absolutely no indication that these were only the high bids and no sale Barrett-Jackson, Kruse, Russo-Steele, RM, et. al. are undoubtedly breathing a collective sigh of relief

[12bolt]

Barrett-Jackson, Kruse, Russo-Steele, RM, et. al. are undoubtedly breathing a collective sigh of relief

[/ QUOTE ]You mention KRUSE, they actuyally handled the Automotive aspect of this Auction! Rand/Workman are 2 New York visionaries who had a dream and turned it into reality. Sadly it did not turn out the way they planned. those two guys put out quite an effort and missed their mark. I was fortunate in many ways with this Auction. I got contacted early so I was able to get Comp'ed Entry and reduced Commission. I also am 2 hours away. The Experience was not All Bad. as a matter of Fact, had they attracted Bidder's it would have made everything complete. The COBRA that did $800K+ SOLD to the High Bidder. Several of the High Dollar Cars I personally believe were Bid within Fair Price range. I guess people see themselves getting into a higher Tax bracket with One Sale. to each his own. Me, I drove Back up this Morning realizing that why should I let my Car even run through and get bid to 2/3rd's of it's Value?. It is a beautiful sunny day here. Traffic was almost nonexistent. and then while seeing the city on the Horizon, a thought crossed my Mind. Today is 9-11. It is Morning time. 4 Years ago, at about this time, 2 Airplanes Hit 2 Buildings right over there..... Maybe just maybe, people are scared and feeling vulnerable since Katrina hit. they know our military is stretched thin. "Honey, let's stay home"! whatever the reason, it is ashame for all the folks who spent a lot of time and money traveling and shipping cars to this venture. perhaps "Kruse" should have made more than an "Honorable mention" of this show in their Auction publications. Like I said before. they had everything BUT the Bidder's. if they figure that part out, they will have a winning show on their hands for certain! will they attract The High Caliber car's they got this time? That will certainly be the other Hard item to return. Two Big Strikes. Recovery of this effort I believe unlikely.

[Bill Pritchard]

[ QUOTE ]
Not sure of the rules of engagement, but did the no-sales have to be bought back by the sellers?

[/ QUOTE ]

Sam, I would think (and hope) that the no-sales were just that....the seller is out their entry fee and expenses and that's all. What a shame for the sellers who understandably had great expectations for this event

[Jeff H]

Is there anyone that runs a "real" auction anymore. BJ forces people to list their car with no reserve or they won't take it across the stage and even then the sellers can bid on their own car to buy it back. That's not a no reserve auction. Then this auction with reserves showed fine print where the auctioneer could bid up to but not above the reserve for the seller! All this does is falsely inflate prices when there might only be 1 or 2 real bidders but the seller or auctioneer can create artificial bids to keep the price going up. Of course, BJ then requires the seller/buyer to pay the fees even if the person buys back their own car.

[njsteve]

[ QUOTE ]
'71 Hemi Cuda Convert sold for $4M....plus 14% buyer premium

[/ QUOTE ]

The cuda did not sell. I believe last bid was 4.1 million by a phone bidder I was standing next to.