I don't understand your comment. There were sufficient bids above $400k to bring it to $499k, (+ $5k fee). What do you consider a "real bid"?
Look at the history of the four top bidders: @qball121 member since 8/2019, 2 auction wins last was 12/6/19 for $236,000, 48 bids placed. He curiously bid $499,000, if he really wanted it why not go that extra 2/10s of 1% and bid $500,000? @AZ5Fxw member since 1/2017, No auction wins, 20 bids, his high bid $497,246 @anderlis member since 5/2015, 6 auction wins last was 7/11/20 for $146.000, 269 bids, his high bid $485,000 @Alex_Maxfield member since 5/2016 No wins, 22 bids, high bid $436,000 Additionally, bidding jumped from $436,000 to $485,000. Why?
Good day All, There appears to be no recent mention of Chassis 07898 (1974 246 GTS) that was (or appears to have been) sold last week for $467.5K USD: https://www.mecum.com/lots/1106692/1974-ferrari-dino-246-gts/?aa_id=540812-0 Cheers, Sam Image Unavailable, Please Login
375+ - so you analysis is that 2 or 3 of the late bidders were shills - they knew the reserve, bid to a point near it, but with no intention to win. Interesting and rather sad, if true...
That is my best guess, looking at it I think that the last real bidder was at $425k. With the commission that would be $430k--perhaps closer to actual market value than the high bid. Bear in mind that those who bid on the last day or final few hours have their credit card charged for less than a day; then the charge is released.
Is there ever a reason to bid early? Not saying that your conjecture is wrong but it seems to me that a case can be made for holding back and only showing your interest late in the game.
I definitely agree that some of that bidding is not what you normally see on BAT. I don’t know if it was shill or not, I don’t think we’ll ever know. The last bid wasn’t even near the reserve. It is now been sold, it’ll be interesting to see where it lands
Hagerty 1972 GT #1 Concours condition $640,000 #2 Excellent condition $540,000 #3 Good condition $425,000 Deep winter month, difficult sale time Bid early to stop others from giving overpricing bids. Look at the Dino jack on BAT, one high bid stopped interest and is about to sale at only $1800 THAT is why you bid high and early
A legit “concours” level car will bring more than that. In the last several weeks, there have been a couple of interesting sales. All very high numbers, higher than people would think
an all original(paint/interior) red/tan car recently sold here in monterey. amount $ unknown. i believe it was a GT
Dangerous game to play with shill bidders if true because BaT can make the difference up to reserve to make the sale happen if it's close enough. I imagine if it's 1-2 thousand below reserve they would do that to still make 3k on the sale as opposed to making nothing on a RNM...
ABSOLUTELY. I think this is mostly driven by the new generation (Gen X) that is most active in the marketplace presently. Vintage V12s have been pretty quiet overall since the last big run up in prices in 2013-2014. Many great V-12s have actually come down a bit since those days. That said, I do believe traditional classic V-12 interest will reawaken at some point, and we will see a rise in demand (and prices) for them.
Apparently, according to a dealer's very recent story on Instagram, a Dino 246GTS has just traded hands for $1M!
