Replica sold at Barrett Jackson for $935k

[mrmustang]

Originally Posted by twobjshelbys

They do try to pump cars but take my word for it it doesn't always work. I speak from personal experience.

Shill bidding would get them shut down immediately. And if it happens at BJ then it happens everywhere. And everyone thinks they know someone who heard from someone that someone placed false bids. But noone has ever admitted it. And it it happens at BJ then it happens at Mecum and all the others. File that under old wives tales.

Bad bids do happen. I was at the BJ auction in the sky box when they auctioned the Bugatti Veyron. It went for alot less than it was supposed to. The auction stalled and the hammer went down. Someone got a really good price, everyone thought. Then about 10 minutes later after the next car or two passed over the block Craig came on with an announcement that the bidder that won the car was an unqualified bidder (didn't have the money) and that he was banned from ever attending BJ again. Craig re-opened the bidding at the previous bidder's amount who by that time had either left or didn't want it, and Craig bought the car for the false bidder's price. The car still sports a "Barrett Jackson" logo and is a "company car".

You have to read the fine print of the auction terms and conditions, usually within, they (the auction house) house reserves the right to bid on an item up to the reserve. This is not just about automotive auctions, but most specialty auctions around the world.

Bill S.