Years ago I owned stock in my former employer. I chose to sell it (at a tidy profit) after I left. Then it went up 5 fold!!! I think I'll create a web page and have my attorney send a letter.
so let me get this straight: the OP is seeking compensation because someone paid vastly over market at an auction for a car similar to one he just sold?
the best part about this thread is that this guy had the funds to purchase a car like this.... go figure.
If this guy tries to go after Miller Motorcars legally he is going to burn thru that 30k profit very quickly and then have nothing to show for it at all. Move on with your life!
OMFG!!!! This original poster needs to grow a pair!!! I've sold 4 1973 Carrera RS's for less than $200K a pop. I sold my CGT for $315K - thankfully to buy a house that I made $600K on. Oh yeah, when I was 17, I bought an all original 1967 Shelby GT500KR for $7,500 and then thought I was a genius when I sold it later that summer for $8,000. Then there's my 10K shares of AAPL that I sold about 5 years ago after they doubled in price. To the OP.... If you find the "Do-Over Fairy", please have her give me a call after you are done whining to her!!!
2 things : That 599 that sold at Amelia was a surprise for everyone. It is unlikely that it would have sold for anything close had it been sold in the regular market. All you need are 2 wealthy people with more money than sense and you get a world record. Happens all the time. No one could have predicted that. The fact that you sold your car for a premium before that auction should have been good enough for you. If you thought you deserved more at the time, then maybe you should have kept it. I doubt Miller put a gun to your head and forced the sale. You should have known better what you owned eventhough at that time, there was no reason to think that a manual 599 would bring anything more than the 30k premium you got. Shame on you for being a cry baby.
This has nothing to do with the OP story. The dealer offered to buy the car back at a premium which should be a sign that whatever is owned by the OP is in demand. So either you are fine with the premium offered (and you understand the dealer will sell for more because that is their business) or you take a step back and realize you can get more if you sell yourself or wait. The market has been hot for years now for Ferraris. OP simply didnt know what he had in his possession despite knowing it was a 6 speed manual and saying it was "unique"..tough luck. No abuse from the dealer here.
I once offered a pair of audio headphones on the internet at a price typical of depreciation for a typical piece of audio equipment. I got multiple immediate offers, and I accepted one of them only to find out it was a bit of a collector piece that had significantly greater value than my asking price. I should have known something was wrong with the quick, multiple offers, but it never really registered with me until after I committed to the sale. I could have reneged, but my reputation and word I value more. Yeah, I kicked myself for a couple of days, and learned a lesson, and I moved on. Consumer knowledge is at one's own risk in this life.
I suggest the OP read this thread: http://www.ferrarichat.com/forum/vintage-thru-365-gtc4-sponsored-vintage-driving-machines/113281-0202-%96-bought-ebay-long-lost-even-numbered-comp-ferrari-found-4.html Knowledgeable Ferrari trader is tipped off to chassis of long-lost 1952 Ferrari 340 America listed on eBay by a seller who has no idea what he's sitting on. Knowledgeable trader purchases the chassis for $26,912. Needless to say, it was worth considerably more than that. (Today, the complete car would be worth millions of dollars.) So what does the seller do when he finds out what the chassis was worth? Does he sue? Does he whine about it? Not even close. Here's the seller's response after-the-fact: http://www.ferrarichat.com/forum/135939297-post112.
My Boxer has doubled in price since I sold it (actually pretty quickly after I sold it). I had a reasonable idea it was going in that direction at the time, but I still think I made the right choice. I made a very nice profit, and was able to do some other automotive things that I've wanted to do for a while.
What a stupid thread. I suggest we start this guy a gofundme account to buy cheese to go along with the whine.
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The incredible lack of knowledge the OP shows in his post is hilarious. So because Miller was a spectator at the Amelia Island auctions, they perpetuated a fraud upon you when they brokered a deal that earned you a profit on your car?
All the op had to do was say NO to the deal .. I think at the time you were happy with the deal or you would not have sold it...
You can buy one back at the upcoming RM Auction next month which is guiding a lot lower than US$680k.......... Here is your chance.....