Russo and Steele auction

[rubbinisracing]

I'm glad to hear that Andy and Drew are talking to resolve their differences but I want to bring another irregularity at the Scotsdale R&S aution to the attention of the members here. I visit the Boss302 Registry infrequently but noticed this thread today.

http://www.boss302.com/smf/index.php?topic=35661.0

After watching the videos one of the many things that disturbed me was the auctioneer chanting in an effort to get the consignor to remove the reserve while Drew is bending his ear. The hammer sold/no sale of this car coupled with Andy's experience leaves me with a rather bad taste in my mouth. Maybe there is some explanation for this but it sure looks like a rigged carnival game from my seat. I'm not one to spread rumors or bad mouth others but I do believe....

"An educated consumer is the best customer"

[rubbinisracing]

Here's a link to another unfortunate story concerning the Scottsdale R&S auction

http://www.racinboys.com/home/video_view/video_id/714

The video is quite long...you can skip the interview with Drew about the current market conditions and start watching at 11:45 into the video.

[Steve Shauger]

Wow this puts a black eye on all involved in this fiasco. This looks like the car in question, based on the interview.

http://www.texasmusclecars.com/webte...spx?IID=257162

[Charley Lillard]

I watched that interview and while it is too bad the car didn't sell for what he thought his reserve was he should have read the contract. The reserve is not fine print. It is one of the main points of the contract and to try and raise it when the car is on the block is absurd. What if every seller wanted to raise their reserve while their car was on the block ? Yes the dealer that bought it could have handeled it better but he is supposed to give the car back because the seller didn't pay attention to the probably LARGE print in the contract ? He finally figures this out when the car is actually on the block ? The inteview with Gaines and the other guy mentions how they think the sellers should be able to raise their reserve during the auction since they can lower it. The auction houses decide on what cars they accept for their auction based on if they think the reserve prices are realistic. That is decided months in advance. If I get them to take my crappy car because they know it will sell at my 5K reserve then I change it to 50K on auction day, I just screwed the auction house and everyone else.

[Johnny Horsepower]

[ QUOTE ]
I watched that interview and while it is too bad the car didn't sell for what he thought his reserve was he should have read the contract. The reserve is not fine print. It is one of the main points of the contract and to try and raise it when the car is on the block is absurd. What if every seller wanted to raise their reserve while their car was on the block ? Yes the dealer that bought it could have handeled it better but he is supposed to give the car back because the seller didn't pay attention to the probably LARGE print in the contract ? He finally figures this out when the car is actually on the block ? The inteview with Gaines and the other guy mentions how they think the sellers should be able to raise their reserve during the auction since they can lower it. The auction houses decide on what cars they accept for their auction based on if they think the reserve prices are realistic. That is decided months in advance. If I get them to take my crappy car because they know it will sell at my 5K reserve then I change it to 50K on auction day, I just screwed the auction house and everyone else.

[/ QUOTE ]

agreed

[camarojoe]

I agree with Charley on this one too.. he signed the contract stating it was a 100K reserve. If he was too dumb to proof read it before signing it, that's his own fault...The other part I don't get is that he says the owner had the car for 28 years, and that they did all the repair work on the car for free, yet the owner "had more than 100k in it and would be taking a loss"...how's that?

[YENKO DEUCE REGISTRY]

I guess he paid more than $100k for it 28 years ago!

What a Moron. (Him, not you! )

[Udon\'tgetit]

What does it matter if this is the car. He bought the car legally and now this seller is crying over his mistake. Obviously this guy was only doing what everybody else does at auctions and that is buying what he wanted.

[69LM1]

WOW!

Sounds too me like R&S bought a Boss if the seller was not aware of the shill bidding?

[quick-bowtie]

I want to shime in before things get heated again.. I dont know about the other deals but after talking to Drew Im sure he is dealing with them the best he can..

Ive acutally talked to Drew twice now and both times he was easy to talk to and definately cares about customer satisfaction to take the time and mend fences.

I dont want to go in the terms of our deal but IM COMPLETELY SATISFIED and will 100% comtinue to do business with Russo and Steele. By talking with Drew I could really feel he cares about his business and the hobby and the way things are run, He is a stand up guy in my eyes and really came across as a true car enthusiast that is fortunate enough make some money doing what he loves.