Doug,
My questions are:
1. did you ever fly in and view the car in question yourself?
2. did you personally shoot photos of the car?
3. did you have a signed document with the owner giving you the
right to sell his car, or first right of refusal for purchasing
it?
4. what exactly did the document you had sign with the purchaser
(your client?) state?
5. on a deal where you stood to make six figures, why were you not
present with the buyer when he and another Ferrari broker went to
personally inspect the car?????????????
6. Milan has never been the home of the Ferrari factory. And the
Classiche offices are in the former Ferrari foundry. Where did
this info come from?
Brian
On 10/18/11 12:40 PM, Douglas Le Grand wrote:
My history is one of ethical training and laboratory
diagnostics working as a Graduate Gemologist/Appraiser, being
trained at G.I.A. 1992. Ethics are first and foremost in an
industry where gemstone enhancement is common. Being trained
to detect enhancement, assembled, recreated and Faust
gemstones was our business. It was the business of G.I.A. the
worlds largest gemstone grading and identifying lab to train
me in the correct methodology and terminology. Of course we
were exposed to what someone who paid too much for a phoney
gemstone and tried to sell it off as the real thing. I am a
noted writer in the Rock and Gem world teaching others how to
detect gemstones for what they were. Honesty and integrity
wasn't the issue, it was using your training to identify what
you had in front of you.
When
I entered the field of high end vintage cars, adding another
item to my financial planning and securities licensing I used
my college education, GIA identifying methodology, 20 years
as, first a line auto mechanic trained at UTI, and trained
senior operating engineer for production plants. A life time
of learning and working experience.
What
happened according to the emails and fax's mailed between Mark
Ketchem, myself, and sellers contracted Brokers.
1.
May 1, 2011, Through emails and phone calls Mark Ketchem
requested a Ferrari 250 GT Berlinetti SWB. A very rare and
expensive investment type car. He was very specific about the
condition, matching numbers, non-advertised.
2.
I asked on the Ferrari List if any members knew of such a car.
3. I don't want
to name names but several people stepped up to show me what
they had. I forwarded this information to Mark Ketchem. He
turned down two of the cars as being to well advertize and too
expensive. The third car I showed Mark, was priced right, and
not advertised anywhere. When I showed him the pictures, he
said that he had taken these pictures 10 years earlier and
knew of the car. I told Mark, fine and agreed to back off.
Mark said no, that was when I told Mark if I was going to work
on the car, I need to be paid 1.5%, my share of the
commission. Mark said that he charges 5% finders fee.
Agreement was made via emails and phone calls.
4. May 20th,
2011 Mark demanded new pictures of the car, 30 to 40,
undercarriage, close up interior, the usual.
5.
May 25, 2011. After negotiating with the sellers agents, they
went to the garage in Indiana, took number of pictures. The
pictures were sent to Mark Ketcham. A contract was signed by
the sellers brokers with the agent selling the car, stating
there was an exclusive sales agreement for 30 days. I had a
contract with Mark Ketchem for 6 months in case he or an agent
of his, Mike Sheehan, attempted to buy this car.
6. I
contacted the Sellers agent directly, faxed him a letter of
intent that Mark asked me to put together for him.
7.
June 15, 2011 Mark informed me that Mike Sheehan,"Ferrari
Expert" was making a personal inspection of the car, and would
bring along someone to Classiche the car. I was informed by
Mark that he was the buyer of the car, and that Mike was
inspector. Mark said that he would buy the car, so I wrote a
Proposal, offering price that Mark agreed to and my commission
stated clearly on the Fax. 1.5% of final sales price and the
conditions. Mark's number 1 condition was that the car be
inspected by an expert, and that the engine over-stamp, could
be classische. Mark told me he sent samples of the engine,
frame, identification, to Milan, Italy, the factory.
8. June 19, 2011
Mike Sheehan flew out to Indianapolis, with John and purchased
the car.
9. I believe, as do the other brokers
involved that we have been defrauded, that a Breach of
Contract has transpired perpetrated by Mark Ketchem and Mike
Sheehan. For no reason other than to enrich themselves are
our expense.
10, All the statements made by myself can be validated in
court, with emails, written and signed contracts, photos,
etc etc.. if we can not settle this like gentleman. Even
though I am new in this business, does not give any persons
the "Right" to steal from me and use me to defraud others of
their work and expense they went through.
11.
October 11, 2011, After several attempts to
contact Mark Ketchem on the phone and email I
wrote one of the other brokers to see if he knew
of anything happening to the car. I was told the
car just sold on the East Coast to a Mr. Goldman
for $4million Dollars. That is $1 million profit
going to Mike Sheehan and Mark Ketchem who did
nothing in locating the car, and out right
defrauding myself and the other brokers. Without
brokers this business would be dead. This does not
make it the Wild West, rules need to be followed,
contracts need to be enforceable. Dishonest
persons need to be punished. Reclamation to the
injured parties need to be made.
SUMMARY:
I understand that bringing this dispute to this
forum is unusual, but, going by my background in
detecting fraud and showcasing them, this is an
issue I feel that all Ferrari Owners should know
about and be willing to listen and offer feed
back. Thank you, to everyone who has given me
their feeling, good and bad, it is all
appreciated.
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