Mecum Auction

[twobjshelbys]

All the naysayers promulgate this "shill bidding" but it's never been proven. Everyplace. BJ, Mecum, even RM.

So if you think it was, name names. Or take it to Jalopnik - they'll jump on it like a hawk on a snake.

(There was one disaster bidding I remember - it was Barrett Jackson when this clown bid about 600K on a Bugatti Veyron and the bidding stopped. He didn't have the money and was summarily removed and given a lifetime ban. Craig Jackson came back on and offered the car to the next lowest bidder who rejected, and then bought the car himself. I was in the skybox when it happened. Now the car has a BJ logo on the side. Some company car, eh?)

[jwd]

Originally Posted by twobjshelbys

All the naysayers promulgate this "shill bidding" but it's never been proven.

Mecum is well known for "chandelier" bidding. It's not illegal and they admit to it. They know what the reserve is and when it gets close to it, they'll let the real bids take over, if there are any or "the bid goes on". I've seen Dana trying to talk a seller into lifting the reserve and he said "We've got a REAL bid at $xxxxx and I'll lower the commission so you get $xxxxx in your pocket".

[mrmustang]

Originally Posted by twobjshelbys

All the naysayers promulgate this "shill bidding" but it's never been proven.

So, arriving several days before a certain WPB BJ auction (2005 I believe but may be off by a year) I fall in love with a certain A/S Boss 302, I spend a few days going over the car with the friend of the seller, the seller, and someone associated with the seller. 2 DAYS going over the car on and off with the three of them. A no reserve auction, seller expects 125K+ . Time on platform, I'm sitting center aisle, bidding happily away against a few others, when I notice one of those "associated" people (boldly on the stage no less) with a bidder assistant bidding against me. "No problem" I think, he too is excited and wants the car for himself. However, I take a step back for a minute and regroup, when a bid comes in from the side skybox closest to me, sure enough, the sellers wife is bidding on his car. Ok, I'm out car sold for $77,000, however the same seller/consigner had the car up for sale again in Michigan. VIN according to my notes was 0F02G140278 .

1970 FORD MUSTANG BOSS 302 FASTBACK A/S RACE CAR

boss 302 race car for sale

BOSS Race Car for sale in MI

Bill S.


PS: There are many more examples on cars I actively track (Shelby, Cobra R, Boss 302, etc), but none that I was as personally involved in than this one.

[DAVID GAGNARD]

Originally Posted by twobjshelbys

All the naysayers promulgate this "shill bidding" but it's never been proven. Everyplace. BJ, Mecum, even RM.

Don't remember the year,but it was when Unique in Texas was making the Eleanor cars.........they were selling the "standard Eleanor" for $150,000.00........
They ran one of the first ones thru BJ that year and "someone" ran the bidding up to around $185,000.00 and it sold for that price!!!!!!!!!!!

Funny thing, 2 weeks later the same car/SAME VIN was sitting in Uniques showroom for sale by the dealership and their new add stated:

Barrett/Jackson has set the price on these one of a kind cars,buy one for $150,000.00, drive it and enjoy it and in a year or two sell it at BJ and MAKE MONEY on it.......

If you believe BJ/RM/Mecum are all honest people, goggle lawsuits against them and see what pops up, pages and pages of legal action against all three for things they have done......

David

[Bernica]

You just surmised it quite for everyone well David!
And it doesn't just happen at car auctions....

[DAVID GAGNARD]

Originally Posted by twobjshelbys

All the naysayers promulgate this "shill bidding" but it's never been proven. Everyplace. BJ, Mecum, even RM.

So if you think it was, name names. Or take it to Jalopnik - they'll jump on it like a hawk on a snake.

(There was one disaster bidding I remember - it was Barrett Jackson when this clown bid about 600K on a Bugatti Veyron and the bidding stopped. He didn't have the money and was summarily removed and given a lifetime ban. Craig Jackson came back on and offered the car to the next lowest bidder who rejected, and then bought the car himself. I was in the skybox when it happened. Now the car has a BJ logo on the side. Some company car, eh?)

They are all so honest,take the time to read this old thread:


Russo & Steele Fraud and Breach case

[Bernica]

Originally Posted by DAVID GAGNARD

They are all so honest,take the time to read this old thread:


Russo & Steele Fraud and Breach case

I have met a certain dapper bearded gentleman from R&S before. All I'm sayin'