How is it a crime? I know a lot of dealers who would have multiple accounts to bid their cars up. It might be against the rules of eBay Motors / BaT etc but how is this a crime?
But it's not organized crime or racketeering by bidding up your own cars or having someone else bid them up, is it deceptive, yea but that's not illegal.
everyone try to get as much as possible but with such people doing this bad handling I not like to do business ever
Crime or no crime, I believe we can all agree the prices are inflated and at times illogical. Image Unavailable, Please Login Sent from my iPhone using FerrariChat
you are right, but this here is a thread about testarossa prices, not japanese junk cars, even this supra is one of the better ones
I would suggest you to lookup and/or freshen up on the IRS and DOJ guidelines..... you might be surprised. I MIGHT have given away my profession/vocation with that suggestion.
As a point of reference, there are indictments and convictions for doing the similar in the real estate market. If you do a web search, you will find the cases.
There is something of a pattern going on..I monitor Bat every day.. In some / many cases...As soon as a particular model sells at a great great high level price...another of the same model comes up within the hour...almost like the 2nd car is riding the crest of the dollar wave to the next crest... Well thought out biz plan 4 sure!
Send me a link to case law for a person bidding up their car or having a friend bid it up, my attorney disagrees with your statements and would also like to see case law, no not for real estate but for an example of someone being prosecuted and found guilty of bidding up their own car or a friends car, and what does the DOJ or IRS have to do with bidding up a car? I can tell you, absolutely nothing!
You are on point. I had this exact experience as they sat one one of my vehicle for more than a month. I attempted to contact BAT, with no response from them. Only when the similar vehicle to mine closed auction, did they reach out. Sent from my iPhone using FerrariChat
I suggest you find yourself a new attorney. The Donnelly Act - General Business law Code section 340-347, is an antitrust law that prohibits bid rigging and price fixing. It can also be considered a form of wire fraud, which is a federal offense. Sent from my MAR-LX1M using Tapatalk
A quick Google search for "bid rigging auction lawsuit" yields one example right out of the gate: Bidder Pleads Guilty to Rigging Bids at Online Auctions for Surplus Government Equipment https://www.justice.gov/opa/pr/bidder-pleads-guilty-riggings-bids-online-auctions-surplus-government-equipment So sure, it isn't necessarily your request to see a straight car auction, but its not too far off. Here's also an article on renewed interest BY THE DOJ Antitrust Division to go after bid rigging which specifically calls out the automotice parts industry: https://www.bakerlaw.com/webfiles/Litigation/2019/Articles/05-09-2019-Hittinger-Mariani-Legal-Intelligencer.pdf Bottom line is that while it is very hard to prove, it is most certainly illegal. So if one could prove through statistical analysis that BaT (or anyone else) allows it, then they'd be in legal trouble. Can we go back now to TR price trends?
To be fair, BAT likely doesn't list two of the same models simultaneously to give each their own due spotlight. Obviously it also helps the next one go higher as the one before set a "benchmark"
7100 world wide .the amount of 512 and tr in usa is low not 7100 ,tr is still a bargain compared to a countach .love to look at a countach but tr is the better driving exprience imo
Absolutely insane! Too much money floating around out there, and some people would say in the hands of the wrong people. Meanwhile, most 512 BB's struggle to break $300,000, and they made a lot less of them.
