Ferrari Mailing List: Re: RM Auctions Tops $125 Million in Sales, Ferrari 275 GTB Sells for $27.5 Million

[Michael James (cavallino_rapante]

Meh - the 'protected class' don't like other people telling them how to spend their money, even-if the Auction houses are raping them with a linear fee structure.

 

RM Auctions, like Mecum and Barrett-Jackson, are just like ebay with a three-ring circus tent and carnival atmosphere only the suckers (buyers) are the ones paying the fees, versus the sellers on ebay.  The bidding frenzy set-up looks just-like the realtors bidding-up housing prices during the Real Estate boom - What Me Worry!  We're all making Big-Bank on commission-sales!  We set the market!  FORZA and Cavallino magazine say so!  I don't know what the allure of buying cars through auctions are, other than they have cornered the market on the 'rare' car offerings.  People don't use/rely on FML anymore - too many shark-like brokers, cold-calling sellers looking to scam, forcing many to head to the auction instead.  Where's an honest buyer looking for a good deal to go?

 

M J

 

From: Erik Nielsen <judge4re [at] gmail.com>
To: Michael <Cavallino_Rapante [at] yahoo.com>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Sent: Tuesday, August 27, 2013 10:52 AM
Subject: Re: [Ferrari] RM Auctions Tops $125 Million in Sales, Ferrari 275 GTB Sells for $27.5 Million

Plenty of people care, it is a disease of the upper middle class as they haven&apos;t yet realized that no one gives a $hit what you have/who you are/what you know.  How many times do we get off track talking about watches (leave the cats out of this one)?

 

But then again, when consumerism drives 72% of the US economy, you end up trying to sell a story to justify the price. 

 

I owe you the first beer when you get back, heading to PVG mid September if you want to meet up on that side of the bigger pond...

On Tue, Aug 27, 2013 at 6:28 AM, Clyde Romero <clyderomerof4 [at] bellsouth.net> wrote:

basically who cares

these guys pump prices up on the cars for what?

too say that they sold it at some ridiculous price

please they deserve what they get

Ferrari built the cars to be driven not to be show cased 

so call me a what you will but they are the ones who drive the prices up so us the real drivers can t buy the cars and drive them 

its self cleansing I say

Jay Leno and the like are what drives the prices to ridiculous levels

and some asshole thinks he can buy and sell it for even more

bonus I say when thy get taken

serves them right

clyde in Saigon reliving the Vietnam War !

Clyde Romero

Clyderomerof4 [at] bellsouth.net.          

678  6419932

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On Aug 27, 2013, at 12:30 AM, Erik Nielsen <judge4re [at] gmail.com> wrote:

Rumors were that RM was going to donate some of their fees to charity.

They did this as a publicity move and I think they were successful.


On Monday, August 26, 2013, Larry T <l02turner [at] comcast.net> wrote:
> ahh - forgot about the fees - they were considerable - I bet RM likes those kinds of sales -
>
> LarryT
>
> On 8/25/2013 6:35 PM, Erik Nielsen wrote:
>
> The Mercedes was closer to $31.6 Mio with fees.  Still the record...
>
> On Sun, Aug 25, 2013 at 4:59 PM, Larry T <l02turner [at] comcast.net> wrote:
>
> speaking of record prices at auctions -- the latest edition of Octane reports Fangio&apos;s Mercedes W196 sold for 19.6 mil Euros/$26.4Million in the Sept. issue --   The NART quickly beat that -- a short lived record!
>
> LarryT
>
>
> On 8/20/2013 9:41 AM, Michael James wrote:
>
> Well, let&apos;s not be too harsh - the car will be used like Eddie would have, if he were still around to drive it.  It will receive World-Class maintenance, and if you&apos;re up in Canada, you&apos;ll probably still get to see it driven at-speed.  It was the only NART Spyder still doing that.....the greater the risk, financially, the more-likely the car becomes a lawn ornament.  How fun would that be?
>  
> M J
>  
> From: Adam Green <FlatCrank [at] gmail.com>
> To: Michael <Cavallino_Rapante [at] yahoo.com>
> Cc: The FerrariList <ferrari [at] ferrarilist.com>
> Sent: Tuesday, August 20, 2013 2:27 AM
> Subject: Re: [Ferrari] RM Auctions Tops $125 Million in Sales, Ferrari 275 GTB Sells for $27.5 Million
>
> There&apos;s nothing impressive about a billionaire risking millions; no more impressive than a small boy risking a dollar instead of a penny when he can afford to lose either amount.
> Adam
> ps.
> On Mon, Aug 19, 2013 at 10:55 PM,

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