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#1
02-21-2008, 07:57 AM
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Re: Russo and Steele auction
Good one Chuck and what a SH_TSHOW !. Never been to one of these auctions,and after reading and hearing all this......the Novice and/or 1 time car seller or buyer has to really be like a Pro Football or Hockey player...."Keep Your Head UP "
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Lately into Beaumont SD's, 66,67,68 and 69 , including a 69 2 Dr Post Beaumont , an L78 2 Dr Post Chevelle LS6 Chevelle's, LS6 and L78 El Camino and Camaro fan ! Also 2 Cdn Documented COPO's, a COPO Camaro and COPO Chevelle Love GM Products 
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#2
02-21-2008, 08:11 AM
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Re: Russo and Steele auction
I'd bet there is going to be some consideration given to not allowing video taping on the auctions in the future. If the video didn't exist of the Boss 9 going accross the block we would have "he said she said" finger pointing. The auction house would still have theirs but it would take a ruling by a magistrate to get ahold of it. And we all know how some of it just dissapears or gets recorded over or the crucial scenes are somehow missing because someone unplugged the camera or moved it.
How's that for a conspiray theory?
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Howard Growing old is a certainty, growing up isn't
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#3
02-21-2008, 08:48 AM
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Re: Russo and Steele auction
Aloha Guys love the forum.I am just getting blown away from all this talk about shill bidding.I cant even imagine this is going on & in writing on contracts to, say it isnt so.I have been watching Barett jackson ever since it came on Speed Chanel & cant wait to watch it just like the Superbowl.After all it is like the Superbowl of Musclecars.My question is could there be shill bidding there?I know it is a No Reserve auction but I have seen some irregularities on some cars.Like some times they stop the bidding and have to go back to someone who wants to take the bid again(could it be because of a shill bidder) and some cars have to be resold for some reason not explained.Please tell me it doesnt happen there because I really want to go there one year Mahalo Irvin
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#4
02-21-2008, 03:54 PM
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Re: Russo and Steele auction
My attorneys are handling the rest. ............Texas Muscle Cars
Rick.............You did Nothing wrong in your Dealing's with R-S  ...........But......the way you handled yourself in this thread supports my "Perception"  of Used Car Salesman..... Ken  My Lawyer is handling the Rest......... 
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 The Best things in life......Aren't Things
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#5
02-21-2008, 04:02 PM
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Re: Russo and Steele auction
In the case where the house shill bids and "wins" the car a)why don't they have to buy it like anyone else who has a winning bid? b)if they don't buy the car after screwing up the seller's auction who pays for the seller transporting the car to and from the auction and all the associated costs?
I would be uber-pissed if I spent my time and money getting my car to an auction and the hammer dropped and the damn car showed back up at my house like a bad exgirlfriend!  It apprears from these related thread I am not the only one shocked at sanctioned shill bidding. I always figured some guys would have their buddies in the crowd to CYA, but I didn't know the house had a gog in the fight.Does Mecum shill their own auctions too?
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#6
02-21-2008, 04:49 PM
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Re: Russo and Steele auction
[ QUOTE ]
Mecum shill their own auctions too? [/ QUOTE ] Now that's a good question! Does anybody know?
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Rich Pern 69 Camaro COPO "Tin Soldier"
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#8
02-21-2008, 05:47 PM
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Re: Russo and Steele auction
[ QUOTE ]
In the case where the house shill bids and "wins" the car a)why don't they have to buy it like anyone else who has a winning bid? b)if they don't buy the car after screwing up the seller's auction who pays for the seller transporting the car to and from the auction and all the associated costs? I would be uber-pissed if I spent my time and money getting my car to an auction and the hammer dropped and the damn car showed back up at my house like a bad exgirlfriend! It apprears from these related thread I am not the only one shocked at sanctioned shill bidding. I always figured some guys would have their buddies in the crowd to CYA, but I didn't know the house had a gog in the fight.Does Mecum shill their own auctions too? [/ QUOTE ] Like it or not the auction house was trying to get bids for the car. Yes it screwed up when it dropped the gavel on it's own employee but the car apparently wasn't going to sell at what the owner wanted anyway since there was no real money at his price. The auction house does all it can to attract buyers. Problems like this seem to happen as car values fall and everyone is still clinging to the idea of what they thought their should be worth but maybe isn't.
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#9
02-21-2008, 05:55 PM
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Re: Russo and Steele auction
""The auction house does all it can to attract buyers.""
Shill bidding up to the reserve is a difficult way to 'attract' buyers IMHO, it sounds like it's a way to attract higher prices - which brings more cars. I realize this is a circular discussion, but for many folks who are auction observers this shill bidding clause in the contracts is new info. The next generation of auction participants may very well just choose to sell their stuff privately, and avoid the auction process.
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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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