Barrett-Jackson ejects Keith Martin/For all you Barrett-Jackson fans...

Skyler · Mar 28, 2007

djui5 said: ↑

Bit sensitive there aren't we?

Just kidding, don't sue me.
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Sorry to dig up this thread again, but I literally lol'd and spilt coke on my keyboard.

nodoubt said:

Rich people do *not* enjoy going to court.

It doesn't matter if the car *was* short-gaveled or not...hauling monied Bidders into court will make monied bidders avoid going to future auctions.

Game Over.

So even though BJ will win its case (most likely), it will destroy its business.
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Pulled the words out of my mouth.

nerd · Jan 9, 2008

The latest chapter.....just in time for next week's event.

www.barrett-jackson.com/statement

Kds · Jan 9, 2008

Looks like the Barret Jackson/Hemi Cuda issue is now closed just in time for their 2008 auction. Judge Clabuesch (the Cuda owner) had filed 5 counterclaims against BJ's initial defamation suite..........looks like that this is all over and done with.....just in time for their 2008 auction.

Unusual timing.....no ?

It is solely my personal opinion, and this does not reflect upon nor accrue any liability to Ferrari Chat in any way shape or form......that BJ probably paid Judge Clabuesch to settle now, shut up, and sign a statement. Notice that they do not make any mention of the 5 counter claims he filed against them in their press release ? Interesting........wonder how much they paid him to sign and drop said claims ?

You may also remember that a PR rep for BJ came here and initially posted on F-chat that there was no disgruntled judge and that this incident never happened.

Link deleted....same as previous poster.

SCOTTSDALE, Ariz. - January 9, 2008 - Officials with the Barrett-Jackson Auction Co. LLC, today announced that a settlement was reached on Jan. 7, 2008, in a suit filed against David L. Clabuesch in U.S. District Court in Arizona. In the settlement, Clabuesch exonerated the Barrett-Jackson Auction Company of all allegations of wrongdoing in relation to a situation that occurred at the company's Scottsdale event in January 2007. Details of the financial terms of the settlement were not disclosed.

Fastviper · Jan 9, 2008

nerd said: ↑

The latest chapter.....just in time for next week's event.

www.barrett-jackson.com/statement
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So what did they do? Pay him off maybe.

No Doubt · Jan 20, 2008

So, would average prices be expected to decline if shill bidding was eliminated?

No Doubt said: ↑

Why would BJ drop down to $3M on a $4.1M auction close? That's what the public isn't getting.

OK, lets pretend for the sake of argument that the final $4.1M bid was in error, an honest mistake.

Well, where was the $4M bidder? Where was the $3.9M bidder?

And that's where the fraud was going on...at a level that couldn't be ignored any longer.

Pratt had the $3.8M bid. BJ had tried to foist the $4.1 M close on the $3.7 M bidder, but that bidder was **clearly** on the video swinging both of his hands horizontally while screaming "I'M OUT!"

Now, on a $40,000 car it's not such a stretch to convince a monied bidder in the height of passionate bidding that he just "won" a car for $41,000 even though his last bid was $37,000...

...But convincing a guy who screamed "I'M OUT" at $3.7M that he just won a vehicle at $4.1 M is a much more problematic scam. And the mark didn't go for it that time.

So BJ had to scramble. They'd been busted. The $3.7M bidder was telling the TV cameras to call the FBI.

Duh.

So BJ goes to Pratt. But Pratt wasn't out at $4M. He wasn't even out at $3.9M. He was out at $3.8 M and he was savvy enough to recognize that BJ had bumped up *his* earlier bids.

Now you point out that certain people "know" that BJ sold Pratt the Futureliner for $3M...

...Well, that's a big deal. Wouldn't a real $3.1M bidder have wanted in on that action?!

Except, there was no real $3.1M bidder. That's the only thing that explains why BJ sold the Futureliner for $3M as you state.

That would be an enormous amount of auction fraud. From a $4.1M "sale" down to a $3M deal.

7 figures of shill bidding. Outrageous.
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No Doubt · Jan 7, 2013

No Doubt said: ↑

Why would BJ drop down to $3M on a $4.1M auction close? That's what the public isn't getting.

OK, lets pretend for the sake of argument that the final $4.1M bid was in error, an honest mistake.

Well, where was the $4M bidder? Where was the $3.9M bidder?

And that's where the fraud was going on...at a level that couldn't be ignored any longer.

Pratt had the $3.8M bid. BJ had tried to foist the $4.1 M close on the $3.7 M bidder, but that bidder was **clearly** on the video swinging both of his hands horizontally while screaming "I'M OUT!"

Now, on a $40,000 car it's not such a stretch to convince a monied bidder in the height of passionate bidding that he just "won" a car for $41,000 even though his last bid was $37,000...

...But convincing a guy who screamed "I'M OUT" at $3.7M that he just won a vehicle at $4.1 M is a much more problematic scam. And the mark didn't go for it that time.

So BJ had to scramble. They'd been busted. The $3.7M bidder was telling the TV cameras to call the FBI.

Duh.

So BJ goes to Pratt. But Pratt wasn't out at $4M. He wasn't even out at $3.9M. He was out at $3.8 M and he was savvy enough to recognize that BJ had bumped up *his* earlier bids.

Now you point out that certain people "know" that BJ sold Pratt the Futureliner for $3M...

...Well, that's a big deal. Wouldn't a real $3.1M bidder have wanted in on that action?!

Except, there was no real $3.1M bidder. That's the only thing that explains why BJ sold the Futureliner for $3M as you state.

That would be an enormous amount of auction fraud. From a $4.1M "sale" down to a $3M deal.

7 figures of shill bidding. Outrageous.
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...never was much followup up on the Futurliner fiasco.

alexkam · Jan 9, 2013

No Doubt said: ↑

...never was much followup up on the Futurliner fiasco.
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Common practice in the auction business. They all do it. Auction = hype = someone gets stuffed..

jm3 · Jan 9, 2013

Keith Martin has never criticized Craig Jackson for the Fiasco that ended up with his having to buy that Veyron after the high bidder couldn't pay ( the next 2 or 3 bidders wouldn't take the Veyron either, maybe their B-J paychecks couldn't cover the payments.....)

alexkam · Jan 10, 2013

jm3 said: ↑

Keith Martin has never criticized Craig Jackson for the Fiasco that ended up with his having to buy that Veyron after the high bidder couldn't pay ( the next 2 or 3 bidders wouldn't take the Veyron either, maybe their B-J paychecks couldn't cover the payments.....)
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Why would they they stole that Veyron, at 700 - 10% they're in that car 630 which is a steal for a Veyron. They aren't dummies...

No Doubt · Jul 24, 2014

GM Made This Bizarre 20-Foot-Tall Vehicle to Predict the Future | Autopia | WIRED

Davesvt2000 · Jul 25, 2014

alexkam said: ↑

Why would they they stole that Veyron, at 700 - 10% they're in that car 630 which is a steal for a Veyron. They aren't dummies...
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Didn't this car also have serious transmission issues, and therefore was part of the reason they got it so cheap ?

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