Barrett-Jackson PB. High bid 350k | FerrariChat

Barrett-Jackson PB. High bid 350k

Discussion in '206/246' started by Skippr1999, Apr 16, 2018.

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  1. Skippr1999

    Skippr1999 F1 Rookie
    Silver Subscribed

    Dec 22, 2009
    4,216
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    Portfolio Report Sunday, April 15, 2018
    1972 Ferrari Dino
    1.
    1972 Ferrari HIGH BID $350,000 USD
    Dino 246 GT EST. PRICE $0-$0 USD
    EXTERIOR Red
    BARRETT-JACKSON
    INTERIOR Black
    Lot 722 Palm Beach
    ODOMETER 41753 mi
    CHASSIS Nº 03572
    April 14, 2018 5:28PM (EST)
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    © 2018 Live Auction Results, LLC
    [​IMG]
     
  2. premieram

    premieram Karting

    Jun 10, 2004
    211
    All over the place
    Full Name:
    Joseph T. Seminetta
    Wrong venue to sell a Dino.
     
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  3. tifoso2728

    tifoso2728 F1 Veteran
    BANNED

    Apr 30, 2014
    8,215
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    DRM
    Did it sell or not?
     
  4. premieram

    premieram Karting

    Jun 10, 2004
    211
    All over the place
    Full Name:
    Joseph T. Seminetta
  5. Neelfryer

    Neelfryer Formula Junior

    Jan 11, 2017
    319
    Beverly Hills
    Full Name:
    John
    it did not sell
     
  6. Neelfryer

    Neelfryer Formula Junior

    Jan 11, 2017
    319
    Beverly Hills
    Full Name:
    John
  7. jlonmark

    jlonmark F1 Rookie

    Mar 29, 2005
    3,174
    Beverly Hills, CA
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    Jay
    The reserve cars at BJ make it hard to know what the real #s are. I doubt there was $350 live money
     
  8. UroTrash

    UroTrash Three Time F1 World Champ
    Consultant Owner

    Jan 20, 2004
    38,961
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    Clifford Gunboat
    So are you saying what they call “high bid” is actually the reserve?
     
  9. dinogts

    dinogts Formula 3
    Owner Rossa Subscribed

    I think he's saying that there really was NO MONEY. Chandelier bidding, plain and simple?
     
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  10. tifoso2728

    tifoso2728 F1 Veteran
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    Apr 30, 2014
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    Sorry, but does "Chandelier bidding" mean shill bidding? Thanks.
     
  11. 19633500GT

    19633500GT F1 World Champ
    Rossa Subscribed

    Nov 9, 2010
    12,017
    Blueberry
    Full Name:
    Muffin-Tops
    It's hard to nail auctions houses down to "shill" bidding, because they can offer up a high "bid", like saying "$325K here on my right...", even when that bid may not exist, and if no other bids come in, they will drop to $250K and work back up. It's all a game. The easiest to follow for me have been Gooding and RM because they are both quite deliberate in their incoming bid actions, and go slow enough where they re not confusing their buyers.

    Nice Dino btw, I like @Skippr1999 's more though ;)
     
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  12. dinogts

    dinogts Formula 3
    Owner Rossa Subscribed

    "Chandelier bidding," or "rafter bidding" refers to an auctioneer looking up, as if looking far away towards that back of the room, and pointing with his hand or gavel at an illusory bidder and saying something like "I have $375,000 to you at the back of the room." Illegal for some types of auctions, but hard to prove, but usually done to create the appearance of interest in an item. In the U.S. it generally is legal but is frowned upon, and the auction house usually is required to disclose the practice or that the practice might occur during an auction.
     
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