Auction

Man, another im gonna miss, Really like the 41 pick up, thanks for sharing.

Are you going???
 
Last edited:
Is it just me, or does it bothers others that these auctions charge 10% Buyers Premium? Then when you add on the sales tax that even an out-of-state Buyer pays ... :mad:

I dunno, I guess it is just me but to me these Buyer's Premiums are kinda like buying something on eBay and then the Seller charges 3X more than what the actual shipping charges are to make a little more money off of you. I guess it is a sneaky way of legally getting a Bidder to pay a little more at the auction. :(

.
 
I agree with Brent, have been going to auctions of all types for 25 Years, I tend to not go to ones with buyers premium.
 
I agree with Brent about the buyers premium. At least they are up front about it. This auction is just 20 miles from me and I doubt if I will go. By the way the 1928 niagra blue roadster is one that I redid back in the 80's. The man probably turned over in his grave about the "BB gun" statement on the auction sheet. The man had collected "air rifles" for most of his life. I called them "BB guns" once and he really set me straight. He had "air rifles" from vintage Daisys to German built air rifles powerful enough for deer hunting. Quite a collection.
 
Richard Wilson said:
I agree with Brent about the buyers premium. At least they are up front about it. This auction is just 20 miles from me and I doubt if I will go. By the way the 1928 niagra blue roadster is one that I redid back in the 80's. The man probably turned over in his grave about the "BB gun" statement on the auction sheet. The man had collected "air rifles" for most of his life. I called them "BB guns" once and he really set me straight. He had "air rifles" from vintage Daisys to German built air rifles powerful enough for deer hunting. Quite a collection.
Click to expand...

Who was the owner and what's the story behind the auction ?
 
I can't remember the man's name but I did sell him a 28 roadster about five years ago at a car show. He had me drive it over to his house. While there he showed me some of his collection. He had about ten Model A's stored in a garage at that time and an Air Rifle museum in his office. The man died a couple years ago and I guess his daughter sold off some of the collection to friends and now the rest is going to auction. Best I remember the Model A's were all drivers and not show quality.
 
the Sport Coupe looks just like one that's on Craig's list here.
auction is only about 23 miles from my home so I might have to go,
at least long enough to see if the prices for parts are sane or crazy.
the Willys pickup looks interesting too, I've been thinking about finding an old 4WD truck.....
 
Richard Wilson said:
I can't remember the man's name but I did sell him a 28 roadster about five years ago at a car show. He had me drive it over to his house. While there he showed me some of his collection. He had about ten Model A's stored in a garage at that time and an Air Rifle museum in his office. The man died a couple years ago and I guess his daughter sold off some of the collection to friends and now the rest is going to auction. Best I remember the Model A's were all drivers and not show quality.
Click to expand...

I couldn't help but think the same thing when I was viewing the auction sale bill. Generally speaking when you have THAT many Model A's, the parts collection generally includes many more parts and a much better selection. I can't help but think it has been "cherry picked" first before it is being offered to the public.

Personally, if I had been the daughter, I would have listed the cars on eBay, and the remaining parts would have waited until the Maggie Valley Swap Meet where I would have paid someone to take them there and sold. She would likely make/made more money than what she will be making paying the auction company to transport that stuff to the fairgrounds and also pay for the auction commissions.
 
I will skip this one,10% after a long drive...the Phone bidding is the other thing. I have in the past called the Auctioneer and let them know I would be driving 4-500 miles one way,and ask if they would wave the 10% fee for me. Most will agree.
Wick
 
Wick said:
I will skip this one,10% after a long drive...the Phone bidding is the other thing. I have in the past called the Auctioneer and let them know I would be driving 4-500 miles one way,and ask if they would wave the 10% fee for me. Most will agree.
Wick
Click to expand...

Interesting. So who is actually getting the Buyer's Premium? Is it the Auctioneer or the Seller? I was told (by an auctioneer) that it is a sales incentive added by the Auction Co. and given to the Seller to entice the Seller to choose that auction company. I also hear that this is done when there will be lots of labor needed to handle and auction when the items will likely not command a very high lot price.
 
Ed said:
Just my 2 cents worth.


The one reason I believe they are using the buyers premium is to discourage "lookers" from attending these auctions. The serious buyers will adjust their purchase price to compensate for the buyers premium. The "lookers" are usually wanting a deal and will not attend an auction with a premium.
Click to expand...
I will be a "looker" but can easily become a "serious buyer".
depends on how close my opinion of fair market value is to actual bid amount.
if other bidders think they are at Barret-Jackson, I'm outta there.
still trying to reverse my lifetime propensity to buy high and sell low..........
 
Last edited:
Ed, here's one thought on "lookers" they will generally always get the bids going. It's just that they drop out early as they won't spend any money or give the true worth of something. Therefore other than the time it takes for a worker to register them and print their number on a card, what is the auction company losing by having them attend?

As far as these cars bringing fair market value, my initial thoughts are there are too many cars being offered at once. With two speedsters that are very similar being offered within minutes apart, in all likelihood there will be two bidders there that really want one. If there is one car, then the price would soar as they bid against one another. The same applies with the Roadsters as there are three to choose from. If someone just wants to buy a Model A for pleasure (maybe a typical grandpa), there are 4 open cars (not counting the speedsters) and two closed cars. Granted there will probably be some dealers there looking to purchase for inventory but they cannot give top dollar and have any room for profit. That is why I feel there are too many cars being sold at once. Maybe I am wrong??
 
Brent , Sometimes the auctioner does Not charge the seller a fee for selling but the buyer pays a premium of around 10- 15%. Check out jamesjuliaauctions.com He has a auction comming up that he will get the very high end stuff to sell and items that go over a certain price level do not get charged a seller's fee.
 
most of the time the buyers premium goes to the auctioner to cover his expense of manpower, inventory sorting and palleting items , especailly with heavy iron, it usally takes alot of men alot of time to get everything set up for the auction in lots and inventory, its not just the auctioner with a mic, but alot of other people before and after.
 
CLICK HERE for latest auction bill and on-line bidding.

Thought I would offer this update and pose a question, it appears the auctioneer has set a fairly "stout" opening bid of $50.00 on each item lot. With the 15% premium added to that, $57.50 makes for some pricey merchandise. :eek:

:rolleyes: Surely at those prices they should get at least one bid per each auction lot don't you think?? ;) :D


.
 
You must log in or register to reply here.
Back
Top