Quote:
Originally Posted by MOTORHEAD
MooreRB:
Iwas all set to do BAT, but they wanted me to go lower on my reserve. I did see crazy prices for Cobras, so I thought that might be the way to go, but I already have a bid equal to their desired reserve, so I decided to try Cobra Country first, as I would not be forced to sell when reserve was met.
Ted
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Yes, the only drawback to a reserve-price auction is that you have to sell if the hammer price exceeds the reserve... However, here are just a couple counter-points to consider (just for conversation's sake):
1) if you had a solid offer in hand that would have exceeded BAT's reserve, then all you would have been looking for was the next highest bid beyond that, right?
I've been a member of BAT for more than 10 years (going all the way back to when BAT truly was a small-potatos auction site catering to "eclectic/niche" car and car parts markets. It has (obviously) grown into what it is today- a powerhouse for heavy 6-figure (and 7 figure) premium cars.
2) Every Cobra auction on BAT will draw more views in one week, than your cobra country listing will bring in a month. I've done the web-traffic stats between the two, and there is no comparison. BAT brings MILLIONS of eyeballs per day. CobraCountry brings thousands per month (some months they crack 10,000).
3) From a confidence perspective (And this is nothing but personal opinion based on my own experience with BAT)- I'm convinced that the BAT bidder population is just about the most sophisticated there is- BAT auctions RARELY end in spectacular deals for the buyer (it does happen, just very occasionally)- Most of the time, BAT auctions end with the car bringing either all the money (and a fair deal to both buyer and seller) or they (for whatever reason) go completely crazy (as the auction for the $67k factory five mark2 roadster did) and the seller gets to whistle, all the way to the bank...
But in the end- Yes, auctions can be extremely stressful for a seller, and you will be dealing with people asking hard, pointed questions (and making sharp, unfiltered commentary) about your car in a public forum, while also having to deal with the "Peanut Gallery" of voices that are going to offer unlimited opinions, without any intention of ever putting their money where their mouth is... all true, and if you don't want to deal with that aggravation, then you probably made the correct choice...
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