What ya think What was the last auction I believe was high at 52 https://www.mecum.com/lots/LN1021-467629/1970-buick-gs-stage-1-convertible/
Think if could be in the fifties , it would be a bargain even it there are a couple issues. After all it is rare. How many can there be left ? 50 g is much easier to swallow then 180 g for a concourse one.
Looks like they have it already set up for Chicago later in the month when it doesn't sell in Las Vegas. https://www.mecum.com/lots/CH1021-493899/1970-buick-gs-stage-1-convertible/
The thing has so much power both mufflers have the bottoms blown out.. Will get pics and walk around video for you guys later
How can they afford to do that unless for the entertainment/attention and why does Mecum allow it? Do ppl not realize that other ppl/potential buyers see the same car come up over & over? I have way too many questions, lol.
That was meant more as a joke than me being serious. There are a few other Fire Red with pearl white interior '70 GS Stage 1 convertibles out there including the one Mr. Guarise sold for $170k in Indy a few years ago, It is likely one of those.
Yes, I realized it may/may not be the samw one but more to my point is there are these same cars that show up over & over...
Yeah, I'm guessing even more here but my guess is that the auction company owns them now somehow. They have truckloads of stuff that have to go from site to site, what's a few cars?
I thought that had happened a few years ago. Mecum was buying some cars if they were low. And, then Mecum was selling/buying their cars back if the price wasn't high enough. I know I read that somewhere. I mean, who really knows who's bidding on the phones? Think about it...how can the same cars come up and sell...sell...sell?
At a Run to the Sun (Myrtle Beach, SC) Several years ago. I had a conversation with the owner of a 67 GTO owner about this topic. He and his son each had gorgeous concours level 67 GTOs at the event. He remarked that both cars were already sold to....Mecum. This fellow was a serious, no nonsense kind of guy, ie. credible. I asked if what he meant was that they had been sold by Mecum. His response was that ,no, they were purchased by Mecum. Mecums is in the car buying and selling business. Stands to reason that they would have a side gig that makes bucks for them.
Yeah, it does bring up an ethical issue. They can bid up vehicles and then collect more money from you in buyer's commission after creating artifical demand for a vehicle.
Yes it’s called collusion or Shill bidding. The used car business has always been dirty and the Classic Car business is no different. When you see the same car at a second Mecum Auction you can be 90% assured they own it. They are not in the business of dragging other peoples cars around the country. These opinions are only my perspective.
I'm liking BAT's format more and more, esp. the comments/seller interaction, no need to drag the car all over the country, always hundreds of pics/vids, and even the commission structure (limited to 5% up to $100k so $5k max.) & reasonable listing fees. Sure, you could have friends comment on how wonderful the car & seller are and shill bids & one still needs to do their due diligence but you can't limit/screen the critical comments of which there usually are - Some by knowledgeable ppl and like on any venue, some not so knowledgeable. It's almost like listing a "lead" on here and having the experts go at it which seems to keep the sellers more honest although on any car I was considering & didn't know a lot about I'd still go to a site like this and get feedback &/or look @ personally &/or hire an expert in that particular make/model car to inspect. In a nutshell, it at least seems/feels less sleezy. Is it actually? Idk.
