330 GTS Bill Harrah’s on BaT

RNM

 

bid to 1,95m but not sold

 

The top two bidders(@Itwip52, @PeterCarey1) who did all of the bidding beyond $1.7mm both joined BaT in February 2025. Neither has purchased anything on BaT.

 

fake???

 

You mean 10359.
10357 is a 275 GTB/4 Berlinetta.

Marcel Massini

 

From personal experience I know that some new new bidders are not real buyers. I learnt this directly from the seller. As a result, I will no longer bid if there are newly registered bidders on a BaT auction.

 

So are the big action houses immune to shill bidding also?

I had an exceptionally bad buying experience at Gooding where they were paid handsomly and literally lost items then refused to divlge the facts. All I saw was Gooding's bad behaviour

I also had a BAT buyer get a fantatstic low price on my offered Porsche then refuse to pay until post aucton inspections and conditions were satisfied that he requiered AFTER he had won. I never got paid and the BAT was a biggie waste of time

 

Virtually all auctions have shills.
In the USA it is legal for auction houses to bid on behalf of the seller up to(just under) the reserve. At times the house will bid on behalf of the seller up to reserve minus the agreed upon seller's commission. BaT does not engage in this practice.
The point that I was trying to make is that the high bid in a RNM auction is not a result--that is a fallacy.
Furthermore, you cannot assume that a BaT auction that ends with a sale results in an actual transaction. It just means that the successful high bidder paid the commission(capped at $7500).

 

And some have considered me as an idiotic conspiracy theorist whenever I’ve offered/shared my opinions/views similar to above.
Glad to know I’m not alone.

 

The seller's own more active BAT account also bid early on in the auction.

BAT is so far from the right venue for this car (or really, any car of this calibre), but the car's already been burnt up by too many failed sales, what's one more at this point.

 

From reading this thread, and the car's history, it sounds like BaT did just fine for the car. It hit its value, less the obscene auction fees. Based on what people are saying here, 1.95 sounds more than fair. (Unless those were fake bids.)

 

The car was a No Sale.

 

Well, according to this thread, and other recent auctions, it was bid to its value. (Assuming the other auctions have an equal amount of shill bidding.)

 

Sorry to point out obvious, but if a lot, be it a baseball card, car, heifer or a painting, is a No Sale/RNM at any auction, every bid, whether fake/shill or real, on it is meaningless/pointless* to establish a “value” for that lot.
Only time a “value” of anything can be or is established is when there’s a finalized sale (or at least that’s what I was taught in my early teens). Everything else is just speculation.

* Just like all the analyzing & handwringing about the markets/prices/values in online forums/topics like this one.

 

I agree.

The comment was BaT was the wrong place for it.

Can we say BaT was no worse a venue for it than other physical auctions since they were also RNM.

 

Another 330 GTS "result":
https://rmsothebys.com/auctions/mi25/lots/r0023-1966-ferrari-330-gts-by-pininfarina/

 

It would be interesting to see a true 100 % freshly done restoration on BAT and see where the chips fall .. pick you model .. I would have to think that money would find it .