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Thanks Duncan! I was curious about the reserve price and how BAT set it. I =
am on that website often and have seen several lately not hit their reserve=
even though the bidding seemed reasonable.
Sent from my iPhone
On Sep 13, 2016, at 6:35 AM, Duncan Charlton <duncan.charlton54@gmail.com<m=
ailto:duncan.charlton54@gmail.com>> wrote:
Yes, I've sold two Morgans there since April. You enter the information, p=
hotos, videos, etc. on their website and give them your best reasons for fe=
aturing your car. If they accept it, your listing fee is $250. Stay near =
your computer throughout Day One and for the last six hours or so. You'll =
want to be able to answer questions quickly. You need very good photos, sh=
ot in good light, and a walk-around video plus some driving video will help=
put bidders at ease. You can also submit links to your own Flickr page or=
Youtube for additional photos and videos, or add them later in the comment=
s windows once the auction starts. Bidders have to register with their cre=
dit card, so once the auction ends, the high bidder's card is immediately d=
ebited 5% of the purchase price, most likely minimizing the chance someone =
will back out.
BaT insisted on low reserves on both Morgans, most likely because they look=
ed at what they thought were comparable sales via completed eBay auctions (=
which had been very low for many months). It's in their interest to see it=
sell (so they get their cut) and they have the leverage to insist on a low=
reserve. Bidding remained stale until the last 15 minutes of the schedule=
, and then things took off. Three bidders in both cases drove up the price=
. The countdown clock at a BaT auction resets to two minutes every time so=
meone places a bid in the last minute, so in both cases, my auctions ran fo=
r another 25-30 minutes while bidders kept hiking the price.
Commenters liked the photos and video and the car's story in both cases... =
make sure to tell "the story" of your car, whatever it is. Nobody cared ab=
out the number of miles or minor problems but readers and bidders really li=
ked knowing the history of both cars, particularly the second one I sold, w=
hich had belonged to my late friend Frank, who had raced it in Europe and t=
he US and restored it twice. His wife, son and daughter started commenting=
about halfway through the auction and Frank's racing buddies starting comm=
enting, too. That one garnered a remarkable sales price.
When the auction was over, I heard from the high bidder within 24-36 hours =
and both wired money straight to my account. I ended up holding both cars =
for a few weeks while they arranged shipping from Texas to VA or DC.
So - some benefits over eBay are: 1) readers and bidders are all car enthus=
iasts and tell their friends about anything interesting on BaT, 2) bidders =
must register with their credit card and are less likely to back out, and 3=
) the reset on the countdown clock keeps bidders from sniping each other wi=
th last-second bids, and really helps the seller by allowing the bidding to=
continue.
Duncan Charlton
Elgin, Texas USA
On Sep 12, 2016, at 6:45 PM, Dennis DeLap <yellow-green@sbcglobal.net<mailt=
o:yellow-green@sbcglobal.net>> wrote:
Does anyone on the list know how to sell a car on Bring a Trailer?
_______________________________________________
http://www.fot-racing.com
Archive: http://www.team.net/archive
on54@gmail.com
_______________________________________________
http://www.fot-racing.com
Archive: http://www.team.net/archive
ook.com
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<div>Thanks Duncan! I was curious about the reserve price and how BAT set i=
t. I am on that website often and have seen several lately not hit their re=
serve even though the bidding seemed reasonable.<br>
<br>
Sent from my iPhone</div>
<div><br>
On Sep 13, 2016, at 6:35 AM, Duncan Charlton <<a href=3D"mailto:duncan.c=
harlton54@gmail.com">duncan.charlton54@gmail.com</a>> wrote:<br>
<br>
</div>
<blockquote type=3D"cite">
<div>Yes, I’ve sold two Morgans there since April. You enter th=
e information, photos, videos, etc. on their website and give them your bes=
t reasons for featuring your car. If they accept it, your listing fee=
is $250. Stay near your computer throughout Day
One and for the last six hours or so. You’ll want to be able t=
o answer questions quickly. You need very good photos, shot in good l=
ight, and a walk-around video plus some driving video will help put bidders=
at ease. You can also submit links to your own
Flickr page or Youtube for additional photos and videos, or add them later=
in the comments windows once the auction starts. Bidders have to reg=
ister with their credit card, so once the auction ends, the high bidderR=
17;s card is immediately debited 5% of the
purchase price, most likely minimizing the chance someone will back out.
<div class=3D""><br class=3D"">
</div>
<div class=3D"">BaT insisted on low reserves on both Morgans, most likely b=
ecause they looked at what they thought were comparable sales via completed=
eBay auctions (which had been very low for many months). It’s =
in their interest to see it sell (so they get
their cut) and they have the leverage to insist on a low reserve. Bi=
dding remained stale until the last 15 minutes of the schedule, and then th=
ings took off. Three bidders in both cases drove up the price. =
The countdown clock at a BaT auction resets to
two minutes every time someone places a bid in the last minute, so in both=
cases, my auctions ran for another 25-30 minutes while bidders kept hiking=
the price.</div>
<div class=3D""><br class=3D"">
</div>
<div class=3D"">Commenters liked the photos and video and the car’s s=
tory in both cases... make sure to tell "the story” of your car,=
whatever it is. Nobody cared about the number of miles or minor prob=
lems but readers and bidders really liked knowing the history
of both cars, particularly the second one I sold, which had belonged to my=
late friend Frank, who had raced it in Europe and the US and restored it t=
wice. His wife, son and daughter started commenting about halfway thr=
ough the auction and Frank’s racing buddies
starting commenting, too. That one garnered a remarkable sales price=
. </div>
<div class=3D""><br class=3D"">
</div>
<div class=3D"">When the auction was over, I heard from the high bidder wit=
hin 24-36 hours and both wired money straight to my account. I ended =
up holding both cars for a few weeks while they arranged shipping from Texa=
s to VA or DC.</div>
<div class=3D""><br class=3D"">
</div>
<div class=3D"">So — some benefits over eBay are: 1) readers and bidd=
ers are all car enthusiasts and tell their friends about anything interesti=
ng on BaT, 2) bidders must register with their credit card and are less lik=
ely to back out, and 3) the reset on the
countdown clock keeps bidders from sniping each other with last-second bid=
s, and really helps the seller by allowing the bidding to continue.</div>
<div class=3D""><br class=3D"">
<div class=3D"">
<div class=3D"">Duncan Charlton</div>
<div class=3D"">Elgin, Texas USA</div>
<div class=3D""><br class=3D"">
</div>
<br class=3D"Apple-interchange-newline">
</div>
<br class=3D"">
<div>
<blockquote type=3D"cite" class=3D"">
<div class=3D"">On Sep 12, 2016, at 6:45 PM, Dennis DeLap <<a href=3D"ma=
ilto:yellow-green@sbcglobal.net" class=3D"">yellow-green@sbcglobal.net</a>&=
gt; wrote:</div>
<br class=3D"Apple-interchange-newline">
<div class=3D"">
<div class=3D"">
<div class=3D"">
<div style=3D"font-family: Calibri,sans-serif; font-size: 11pt;" class=3D""=
>Does anyone on the list know how to sell a car on Bring a Trailer?</div>
</div>
</div>
_______________________________________________<br class=3D"">
<a href=3D"mailto:fot@autox.team.net"; class=3D"">fot@autox.team.net</a><br =
class=3D"">
<br class=3D"">
<a href=3D"http://www.fot-racing.com";>http://www.fot-racing.com</a><br clas=
s=3D"">
<br class=3D"">
ate.html</a><br class=3D"">
Archive: <a href=3D"http://www.team.net/archive";>http://www.team.net/archiv=
e</a><br class=3D"">
Forums: <a href=3D"http://www.team.net/forums";>http://www.team.net/forums</=
a><br class=3D"">
ncan.charlton54@gmail.com">
http://autox.team.net/mailman/options/fot/duncan.charlton54@gmail.com</a><b=
r class=3D"">
<br class=3D"">
<br class=3D"">
</div>
</blockquote>
</div>
<br class=3D"">
</div>
</div>
</blockquote>
<blockquote type=3D"cite">
<div><span>_______________________________________________</span><br>
<span><a href=3D"mailto:fot@autox.team.net";>fot@autox.team.net</a></span><b=
r>
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span><br>
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<span>Archive: <a href=3D"http://www.team.net/archive";>http://www.team.net/=
archive</a></span><br>
<span>Forums: <a href=3D"http://www.team.net/forums";>http://www.team.net/fo=
rums</a></span><br>
<span>Unsubscribe/Manage: <a href=3D"http://autox.team.net/mailman/options/=
fot/explore8@outlook.com">
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r>
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