Russo and Steele auction

[rubbinisracing]

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Looks like user Udon'tgetit just registered today, and is trying to post under an alias:





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Same member number, new name and location.

Profile for Udon'tgetit

Email
Member # 7978
Name Sharon Stevens
Title newbie
Total Posts 5
Homepage
Occupation
Hobbies
Location San Antonio, TX
Bio
ICQ Number
Registered on 02/20/08 08:44 AM

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Busted! She works for/with Rick Prince the owner of Texas Muscle Cars...clink this link below for a view of his old web page which mentions her by name. I really don't see the need to hide as I think we all agree that by winning the bid for 100k on the Shelby he made a great buy and the consignor screwed up.

http://web.archive.org/web/200701052...ctinformation/

I may be somewhat responsible for the 2 new registrations...I have known Rick for about 3 years and after I posted the link to the "thats racin" show I sent him an email with a link to the same website that I did here. I wanted him to see it first hand as I'm sure someone would ask him about. I don't know how they found about the discussion here but I'm sure someone saw it here and alerted him.

[sYc]

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.

[Steve Shauger]

Geez at this point I certainly wouldn't recommend this dealer to anyone. I am sure they will come up with an excuse that some rogue employee did this.

[camarojoe]

deja-vu....

[ANDY M]

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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.

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WTF
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.
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.

[Jeff H]

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.

[redbaron]

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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.

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What ever you want to call it, the end result is the same.

[Steve Shauger]

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.

[SUPERSPORT]

[SSjeff427]

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Still laughing!