Re: [Chrysler300] Letter cars at RM Auctions

["Kelly Pierce" <jkrestor300@xxxx>]

Greetings Group-
My experience with auctions is limited to Silver Auctions out here in
the wild west. He did a auction in Billings, Mt. a couple of years ago that
I attended as I know the guy who was auctioning off his "collection" of
restored, complete restorable, and parts cars, 90% Mopars. It was advertised
as a "no reserve" auction- well I found out first hand how that works- the
guy selling has "friends" come and bid on cars (fake bids/bidders)to either
up the price to his non- existent reserve or buy them and sell them back to
him. About 30+ cars were "sold" this way and this guy wound up keeping them
as they didn't meet his non-reserve selling price. I lost a considerable
amount of respect for both this man and Silver for this charade. With due
respect to Silver I don't know if he was aware of the sellers intent to do
that or not, but I think if not before the auction he must have figured it
out at some point later. Unless they are cheap parts cars- watch out for the
guy bidding against you- he may be a "buyer" for the seller! I feel from
this experience and what I have learned from the members on this web server-
If you or someone you know wants a Letter Car- get it from a member for all
the above reasons and the oblivious- Thru the club the car can be
documented. That is money in the bank and not in the auctioneers pocket! My
nickel's worth, sorry if I drug this out.. Joe Pierce 300J+Kx3+M+others.....
----- Original Message -----
From: "Owen & Jo Grigg" <ram300@xxxx>
To: <chrysler300@xxxxxxxxxxxxxxx>; "Paul Martin" <paul_martin78ca@xxxx>;
"obiwan10" <obiwan10@xxxx>
Sent: Monday, March 24, 2003 1:39 PM
Subject: Re: [Chrysler300] Letter cars at RM Auctions


> I was told by a person that follows auction sales , a good deal of the
cars
> that go to auction, are put on the block just to keep a value in the car,
> not to sell. They are bid up to just below the reserve price by fake bids.
> The seller takes away a proven value for future sale from the auction and
> that's about all.
>
> Maybe others can comment if this is true or not.
>
> Owen
>
> ----- Original Message -----
> From: obiwan10 <obiwan10@xxxx>
> To: <chrysler300@xxxxxxxxxxxxxxx>; Paul Martin <paul_martin78ca@xxxx>
> Sent: Tuesday, March 25, 2003 7:08 AM
> Subject: Re: [Chrysler300] Letter cars at RM Auctions
>
>
> > I was at the RM Auction along with Bill Madden and Timo Tanskanen when
> these cars went on the block. We felt at the time that these cars that
were
> hammered "sold" actually had not been.
> >
> > I noted this on a previous email missive to Listsrv a couple of months
ago
> when I also mentioned that it is a jungle out there when you go to the
> auction and expect to do well.
> >
> > Someday one of these magazines or other publications that claim to give
us
> the straight info in their auction reports will get the courage and
honesty
> to do a fair and accurate expose of these business's but I will not hold
my
> breath.
> >
> > Meanwhile read them for the humor that the display but take what they
say
> with a dash of skepticism.
> >
> > Roger Schaaf
> > 300 B in Calif
> >
> >
> > ----- Original Message -----
> > From: Paul Martin
> > To: chrysler300@xxxxxxxxxxxxxxx
> > Sent: Thursday, March 20, 2003 5:02 PM
> > Subject: [Chrysler300] Letter cars at RM Auctions
> >
> >
> > Check out the 3 letter cars being offered at RM
> > Auction in Novi Michigan April 23-27. They look
> > suspiciously like the cars from the Dr Paige
> > collection that RM auctioned off in Phoenix in
> > January.
> > Is sombody out to make a quick return? or did they
> > really sell at Phoenix?
> >
> > Paul Martin
> > 300F
> > Vancouver BC
> >
> > http://www.rmauctions.com/events/DS03.cfm
> >
> >
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