eBay vs BAT vs auction for selling a car?, thinking of selling my six again... |
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eBay vs BAT vs auction for selling a car?, thinking of selling my six again... |
siverson |
Sep 12 2019, 01:33 PM
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#1
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Advanced Member Group: Benefactors Posts: 2,448 Joined: 5-May 03 From: San Diego, CA Member No.: 654 Region Association: Southern California |
Does anyone have any experience selling a car via auction? Specifically, I am thinking about selling my six again and Gooding & Co could take it in their Scottsdale auction in January.
I advertised my car many months ago for $95k, and had lots of interest and someone bid it to $85k on eBay, but a deal was very made. I haven't been in a big hurry since I still really like the car. Gooding charges $1000 to place it in the auction, plus they take 8%-10% of the sale price. Plus the buyer pays a 12% premium. And they require no reserve for anything less than $250k. The rep I spoke with said the "expected price" in the catalog would be $80k-$100k. Hmmm... So... suppose it sells for $100k in auction, I take home $91k best case, and the buyer pays $112k. What's the best way to sell a six at the moment? BAT? eBay? Auction? 914world? Other? Thanks, Steve Attached thumbnail(s) |
JOEPROPER |
Sep 18 2019, 02:31 PM
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#2
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The answer is "no" unless you ask... Group: Members Posts: 1,184 Joined: 21-November 15 From: White Plains New York Member No.: 19,387 Region Association: North East States |
For reference, a '75 2.0 didn't hit the reserve at high bid $29,500, so I guess you would be able to set your reserve wherever you want.
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DickSteinkamp |
Sep 18 2019, 02:56 PM
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#3
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Senior Member Group: Members Posts: 500 Joined: 27-February 17 From: Bellingham, WA Member No.: 20,876 Region Association: None |
For reference, a '75 2.0 didn't hit the reserve at high bid $29,500, so I guess you would be able to set your reserve wherever you want. This from the BaT website... A reserve is the minimum price that a vehicle will sell for. We work with sellers to set reasonable reserves, and avoid vehicles with reserves that are not realistic. Reserve values are not shown on the listing, nor do we announce when reserves have been met (we think that leads to bidding games). FAQs I had a Mercedes W114 that was not accepted by BaT due to the reserve I needed. I sold it on eBay. BaT reserves are generally fairly low relative to the market. That way they are more confident the car will meet reserve and sell and that they will collect the 5% commission from the buyer IMHO the reserve on that recent one on BaT was unrealistic (but so was the bidding). It was offered by a big time Corvette dealer and BaT may have been doing them a favor due to the 32 cars they have listed on BaT. |
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