Ferrari Mailing List: Re: EBay vs BaT

[Brian E. Buxton (BrianBuxton]

The issue with BAT is they don't want you to advertise anywhere else, which is ridiculous.

-- 
Brian E. Buxton 

Auto Acquisitions and Consulting  |  5411 S.R. 261, Unit 903  |  Newburgh, IN 47629
(812) 760-5513 mobile  |  (812) 476-2284 fax

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Brian Buxton Enterprises, Inc.
Nationwide Enclosed Auto Transportation


Founder & Past President
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On 12/31/19 5:41 AM, Cody Laird via Ferrari wrote:

Charles,

Your review of BaT is spot on save one feature that separates it from EBay: last second bids reset the clock to two minutes. This is more akin to a live auction where the auctioneer says third and last time and a new bid is offered. 

Watching my Mondial t coupe with Clyde miles on the car (~102k) that just sold for 47,500 was a great example. There were over 20 bids in the last seconds. It was as close to an in person auction with peanut gallery commentary to boot. Exciting.

Maybe just maybe, and I’ll get flamed for this thought I’m sure, that some in the market realize a car driven regularly At a reasonable annual rate (3000 miles/year) is more reliable and marketable than one that sits around. 

To all F-listers, I hope you have a very Happy New Year!

Best,
Cody

Sent from my PDP-8

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Today's Topics:

  1. Re: Ebay prices (Charles Perry)


----------------------------------------------------------------------

Message: 1
Date: Mon, 30 Dec 2019 18:28:33 +0000
From: Charles Perry <charles [at] carolinasound.com>
To: Clarence Romero Jr. <clyderomerof4 [at] gmail.com>
Cc: The FerrariList <ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] Ebay prices
Message-ID:
   <228C6E1BCD60FC4BAB9722FD5F3C96F1014444EAAB@CSC-SBS7-SRVR.CarolinaSound.local>
   
Content-Type: text/plain; charset="utf-8"

For the record, Bring a Trailer does use reserves and most cars have them. Typically they will make it clear in the headline listing if it is a No Reserve car. The difference is that when you list a car with BaT, you have to work with them to set the reserve. They want cars to sell, they know what they typically go for, and so they help owners be realistic about what it needs to be to actually sell the car. If you're an insane guy that thinks your low miles 2012 Camry SE should reserve at $48k because it has the rare green floor mats instead of the usual black, BaT will refuse your listing.

They also allow the seller to pull the reserve late in the game if the car is getting close so that you don't lose a sale over $500 or whatever. And if the car doesn't make reserve, they will put the high bidder in touch with the owner and see if they can work things out privately. That actually can save you money since then you don't pay BaT their 5% commission, but it's a nice courtesy to serious car people.

So you can see why their model works pretty well. That said, for some reason I don't feel like Ferraris bring as much on BaT as they sometimes do elsewhere, but that's essentially Clyde's point ? a disproportionate number of us think our cars are worth more than they might be.

-- charles


From: Ferrari [mailto:ferrari-bounces+charles=carolinasound.com [at] ferrarilist.com] On Behalf Of Clarence Romero Jr.
Sent: Monday, December 30, 2019 8:09 AM
To: Charles Perry
Cc: The FerrariList
Subject: Re: [Ferrari] Ebay prices

In my opinion the true market is Bring a Trailer
Without question
That?s where the rubber meets the road so to speak
If your car is worth what you think it is you will get your price
You don?t set a reserve and the car goes
Period no BS
Auctions have too much hype associated with it and Cav and FML are doing meth!
I will give you an example
This Saturday a guy shows up with a 512Bi they were all euro cars
His was a good one from Canada he paid $75k for it 7 years ago
The asking price now in FML is around $270-300k
He opened the hood on the car
Sorry guys it?s a 12 cylinder 1982 308 yes Virginia
Same poorly designed stuff on the this car
Me, I am not paying anywhere near that for a car with no ABS marginal A/C and the list goes on, he even had the TRX tires on it which suck, I had them on my BMW M-6;
Yea I know
Too each there own
The car had 20,000 Kms on it
It was a moving bomb
The only saving grace is that the car was owned by the guy who makes the beefed up tranaxles for the TR
So it had that going for it
Sorry for the long rant

Happy New Years guys



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On Dec 29, 2019, at 11:50 PM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:
?
I?ve noticed with RM?s auctions this past year, they sent out their ?lots still for sale? emails with many of the headlining cars still up for grabs. Cars that would?ve easily sold last year or the year before.

It?ll be interesting to see the upcoming Arizona auctions and what results they will be bring. I?m thinking it?ll be more of the same as this past year (flat).

On a side note, I was in Vegas last month and I was quite shocked to see all of the high-end stores empty of customers. A good indicator to me that; a) there?s too many of them and b) middle-class discretionary income isn?t as healthy as it?s being touted to be.

Peter

Sent from Mail<https://go.microsoft.com/fwlink/?LinkId=550986> for Windows 10


From: Clarence Romero Jr.<mailto:clyderomerof4 [at] gmail.com>
Sent: December 29, 2019 4:57 PM
To: PeterGT4<mailto:dino308gt4 [at] hotmail.com>
Cc: The FerrariList<mailto:ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] Ebay prices

I don?t know if it will get that low but you never know
575 prices are sinking fast
And the 550 crowd is in denial!



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Scars are Tattoos with better stories !

If you have no enemies, you have no character !

Clyde Romero


Confidentiality Notice:  This e-mail ( including attachments ) is covered by the Electronic Communications Privacy Act, 18 U. S. C., Sections 2510-2521, and is intended only for the persons or entity to which it is addressed, and may contain confidential or privileged material.  Any unauthorized review, use, disclosure, dissemination, copying, forwarding or distribution is prohibited.
This email transmission, and any documents, files or previous email messages attached to it, may contain confidential information that is priviledged.  If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information containes in or attached to this message is STRICTLY PROHIBITED.  If you have received this transmission in error, please immediately notify us by reply e-mail at Clyderomerof4 [at] gmail.com or  by telephone at (678 6419932)and destroy the original transmission and its attachments without reading them or saving them to disk.



On Dec 29, 2019, at 2:52 PM, Erik Nielsen <judge4re [at] gmail.com> wrote:
?Let me know when a 88.5+Testarossa in grigio becomes available at $45k.  I expect the next economic downturn should have them come out of the woodwork.



On Dec 29, 2019, at 1:30 PM, Michel Savard <mysavard [at] videotron.ca> wrote:

I?ve been accumulating a few data about the prices of Ferraris (Testarossa-one day I?ll get a 12 cylinders and 360-just being curious) on Ebay. If Ebay is a good yardstick, then prices of Ferraris are getting lower and lower. Or it?s just that people don?t want these models.
Here are the final prices/bids when they were relisted, most with RESERVE NOT MET (RNM) without any informations on each car:

Testarossa:
1990 red 35,000 / 66255 RNM
1992 512 tr black 78,000 / 11886 RNM
1988 red 75000 / 80000 / 65000 / 66766 / 70100 / 50900 all RNM
1988 white 70700 / 75255 RNM
1986 red 10000 / 40000 / 62555 / 50200 RNM
1988 burgundy 50000 / 65855 / 55655 RNM

1998 355 red spider 40600 RNM

360:
2002 red spider sold 52,000
2001 silver coupe 60100 / 61500m or best offer/ RNM
2002 modena black 22100 / 25000 / 20100 / 50100 / 40600 /40100 RNM
2001 yellow BUY IT NOW at 45800
2001 yellow spider 49800 RNM
2003 red 54900 BUY IT NOW
2001 red 52200 RNM
2001 silver sold at 45950 BUY IT NOW
1999 red coupe 59100 RNM

456 1997 auto black BUY IT NOW 30750 (today)

Michael Savard (1981 308 GTSi)
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