Ferrari Mailing List: Re: My side of the story. I am only seeking renumerication in this matter for all parties.

[Steve Jenkins (steve]

I also caught the Milan reference, Brian.

 

Doug: If a broker told me they were sending "samples of the engine, frame,
identification, to Milan, Italy, the factory," my spider sense would start
tingling. As you get more experience in this field, yours will, too. I've
driven from Milan to The Factory. They're hours apart (and I was driving
fast - all hopped up on Cocoa Puffs(tm), natch). J

 

SJ

 

From: Brian E. Buxton [mailto:BrianBuxton [at] BuxtonMotorsports.com] 
Sent: Tuesday, October 18, 2011 6:32 PM
To: Steve Jenkins
Cc: The FerrariList
Subject: Re: [Ferrari] My side of the story. I am only seeking
renumerication in this matter for all parties.

 

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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