LADENBURG Automobilia Auctions not paying consignors? | Page 6 | FerrariChat

LADENBURG Automobilia Auctions not paying consignors?

Discussion in 'Collectables, Literature, & Models' started by 375+, Dec 5, 2022.

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  1. 375+

    375+ F1 World Champ
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    Dec 28, 2005
    13,414
    Not a big fan of his work but nonetheless . . .
     
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  2. Lusso123

    Lusso123 Formula 3
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    Oct 18, 2010
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    Marshall Buck
    I agree, I'm also not a fan of his work, but selling/dumping so many at once with no reserves and getting poor results is never a good thing. Not good for anyone... not for the artist, collectors, and dealers.
     
    trashidelek! and 375+ like this.
  3. Jack-the-lad

    Jack-the-lad Seven Time F1 World Champ
    Owner Silver Subscribed

    I wish I’d known about the auction and I guess I’m the proof of Gooding’s poor publicity.
     
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  4. Seppefan

    Seppefan Karting

    Aug 24, 2021
    187
    Good for the buyer.
     
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  5. Lusso123

    Lusso123 Formula 3
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    Yes and No. Only good for the buyer right now.... good unless, or until the time the buyer(s) want or need to sell. History of sales & prices private and public (especially one like the Gooding/Pullman sale) almost always get factored into resale prices and what others might be willing to pay. In general low prices can lead to depressed values prices/sales in the future for some items. Not great for the buyers on most items.
     
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  6. trashidelek!

    trashidelek! Formula Junior

    Nov 18, 2004
    922
    I could not agree more. The Pullman Gallery have always had a very consistent aesthetic as to what they sell. As others have also mentioned, I have never been particularly enthusiastic about most of it. Irrespective of that, taking your rather unique type of merchandise and establishing a fairly broad and very public record of low open market values can only dim one's long-term business prospects. Simply put, how can you ask someone to pay $XX,XXX for something, with any degree of credibility, when a simple Google search is likely to pull up Gooding's results with the same or similar stuff for $XXX?
     
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  7. Lusso123

    Lusso123 Formula 3
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    Absolutely! I completely agree!!!

    It's not rocket science, but then again, maybe to some sellers and observers it might be!
     
  8. Buchpilot

    Buchpilot Formula Junior

    Sep 3, 2021
    634
    Germany
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    Sven
    On a positive note I can report that I bought the original Millanta book ('Ferrari Automobili 1947-1953') at the recent Marcel Seidel Ladenburg auction (incredibly for just 119 euros incl buyer's premium!). And the whole transaction was perfect: the invoice was sent swiftly, I received a confirmation of payment and just a day later shipment confirmation with DHL tracking. Moreover, the book arrived already, in mint condition. I am very happy with all that.
     
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  9. Buchpilot

    Buchpilot Formula Junior

    Sep 3, 2021
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    Sven
    At the Ferrari Online Auction of Marcel Seidel Ladenburg last Sunday, I was happy to get a very special signed (Piero Ferrari) edition of Piloti, che gente from 1987. Within the next 5 days, I got the invoice, confirmation of payment, confirmation of shipping including tracking, and today the book itself!

    Perfect service, you can't do this any better!
     
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  10. Marcel Massini

    Marcel Massini Two Time F1 World Champ
    Honorary

    Mar 2, 2005
    24,748
    Sunday, 9th June 2024, I purchased various lots from Automobilia Ladenburg (Seidel) for a total of Euro € 9'775.80.
    As always I paid immediately. I have been a client for many years and always asked for delivery by Fedex, fastest possible way (not the sihtty economy nonsense), all at my expense, of course.The distance between Ladenburg and my place in Switzerland is 330 kms.
    As of today, 20th June 2024, 9.25 am, I haven't received anything yet.........

    Marcel Massini
     
  11. Buchpilot

    Buchpilot Formula Junior

    Sep 3, 2021
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    Sven
    I think the problem is not the geographical distance but rather the political and institutional distance. To live in total isolation from the rest of the world can have some disadvantages. It's not a matter of Marcel Seidel Ladenburg but rather of your incompetent government ...
     
  12. Marcel Massini

    Marcel Massini Two Time F1 World Champ
    Honorary

    Mar 2, 2005
    24,748
    FWIW Switzerland does not live in total isolation.......
    In the meantime I have received an email of apology by Automobilia Ladenburg confirming that they made a mistake and sent the stuff by economy........
    As for incompetence of governments I think this should better be discussed in the P&R section.........

    Marcel Massini
     
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  13. Seppefan

    Seppefan Karting

    Aug 24, 2021
    187
    Today is the 24th of June. Ni-Cola say on there website that the next auction is on 17&18th May. These auction houses are really on it.
     
  14. Nicola Testa

    Nicola Testa Rookie

    May 10, 2023
    36
    #139 Nicola Testa, Jun 27, 2024
    Last edited: Jun 27, 2024
    Well, at least I have already received the items I bought in their May auction a week or 2 ago. Still waiting to receive the money of the stuff I sold in said auction though. I can't remember how long that took last time, 8 weeks or something so for the time being I'll just wait and see.

    In any case on their website I only see the May auction referenced to in the past tense today, with a link to the post-auction sale. Do you still see it referenced as an upcoming auction? Perhaps it's changed in the past days now that they've added the actual date of the next upcoming auction.

    Small word of warning about Ni-Cola's automatic bidding: they immediately enter your maximum bid, no steps in between like on some other sites. The way the process is described could make you assume they use incremental bidding, but no. Wham bam, your maximum bid from the first second. That's one way to win an auction. :) Next time I'll try to bid real time because this was a costly lesson.
     
  15. 375+

    375+ F1 World Champ
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    Dec 28, 2005
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    +1 completely agree.
     
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  16. Nicola Testa

    Nicola Testa Rookie

    May 10, 2023
    36
    On the bright side, I won 5 items that way. On the negative side, I won 5 items that way.
     
  17. Lusso123

    Lusso123 Formula 3
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    Thanks for the warning, that's very surprising.... and not in a good way! I have not bid with them, but thought I probably would at some point. Now with this extra and important info, there would have to be something I really wanted very much in order to set my schedule to bid in real time, which is a hassle, and of course there is no guarantee that I wouldn't get outbid. I've often done phone bidding with a few UK auction houses, which is fairly inconvenient too given the time difference, but has definitely helped me win some items.
     
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  18. Nicola Testa

    Nicola Testa Rookie

    May 10, 2023
    36
    With realtime online bidding I'm always afraid of my internet connection hanging or lagging a bit. Some items pass the block in a few seconds, that doesn't allow for much space in the online bidding process. I haven't tried realtime bidding yet, so maybe -likely- it works just fine in practice.
     
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  19. 375+

    375+ F1 World Champ
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    Dec 28, 2005
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    Every online bidding platform is different, you must familiarize yourself with each company's system. I often bid on lots that I have no interest in buying just to see how it works. It's difficult to get around the fixed bidding increments but possible on some platforms. Proxibid, HiBid , LiveAuctioneers are pretty rigid and there isn't much you can do.
    What is particularly annoying is that in person bidders are not held to the same bidding increments as online bidders. In some cases it is best to submit absentee bids(though not at Ni-Cola).
     
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  20. Lusso123

    Lusso123 Formula 3
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    That's why I prefer phone bidding or in person when possible. I have had problems on occasion with bidding online both directly with auction houses and a few of the platforms out there. Also with absentee bids. Best for me has always been live on phone, and in person.
     
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  21. Nicola Testa

    Nicola Testa Rookie

    May 10, 2023
    36
    I've never tried live on phone, but is it as simple as saying your next bid when the auctioneer is questioning the room? Or is there an intermediary person you're talking with to bid.
     
  22. 375+

    375+ F1 World Champ
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    Dec 28, 2005
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    You will be speaking with a representative of the auction company who conveys your bid to the auctioneer.
     
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  23. Nicola Testa

    Nicola Testa Rookie

    May 10, 2023
    36
    Thanks!
     
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  24. Buchpilot

    Buchpilot Formula Junior

    Sep 3, 2021
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    Sven
    Jack-the-lad, ursoenzo and readplays like this.

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