Probably close to $100k when it's all done.
Ding ding ding ding ding!
Probably close to $100k when it's all done.
Ding ding ding ding ding!
Holy shit, you called it. Also holy shit: there are some stone cold retards on BAT.
Well, sometimes your friend would be right.. other times he'd be wrong.A friend of mine has a car collection of 15 or 16 cars worth $5 -$6 million, he never buys at auctions like BaT or Barrett-Jackson, he says the frenzy always drives the prices 25% - 30% higher than realistic.
What does his collection and other assets have to do with your claim that auctions like BaT and BJ (and you have to include Mecum) bring a bidding frenzy that always drives the prices 25% - 30% higher than realistic. You need to watch more Mecum auctions. The 'Bid Goes On' frequently happens for a reason. Bidding doesn't meet the Reserve or bidders aren't willing to spend more. A true test of your claim would be an analysis of specific cars (final bid) at those auctions compared to similar cars selling privately or at smaller auction venues. And don't forget to include factors like desirability, condition, mileage, correctness to original factory, etc.Given his collection and his other assets I'd say he's FAR more often right than wrong. But you're probably right also.
Don't jump mister car salemanI would be close to dying if either of you were close. If it eclipses $100k I would be absolutely shocked.
Don't jump mister car saleman
What does his collection and other assets have to do with your claim that auctions like BaT and BJ (and you have to include Mecum) bring a bidding frenzy that always drives the prices 25% - 30% higher than realistic. You need to watch more Mecum auctions. The 'Bid Goes On' frequently happens for a reason. Bidding doesn't meet the Reserve or bidders aren't willing to spend more. A true test of your claim would be an analysis of specific cars (final bid) at those auctions compared to similar cars selling privately or at smaller auction venues. And don't forget to include factors like desirability, condition, mileage, correctness to original factory, etc.
At $400K per vehicle, I'd say your friend has quite a collection.
I'm going to go out on a limb and say his friend's experience buying and selling $$$$$$ cars at multiple venues.What does his collection and other assets have to do with your claim that auctions like BaT and BJ (and you have to include Mecum) bring a bidding frenzy that always drives the prices 25% - 30% higher than realistic.
This one is going to go to the moon:
2020 McLaren Senna GTR
Bid for the chance to own a 2020 McLaren Senna GTR at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #62,493.bringatrailer.com
This will probably beat that, the Senna has an MSRP of $1.7M and I'm sure it got every penny. It's a new auction an already at $1M.Doubtful.
I think the highest $$$ spent on BaT is around $1.35mil.
This will probably beat that, the Senna has an MSRP of $1.7M and I'm sure it got every penny. It's a new auction an already at $1M.