Chuck,
Your experience was similar to mine, although I sold road cars. I know they
prefer lower reserves (they don?t earn a buyer?s premium if it doesn?t sell;
that said, I?m surprised how many cars don?t reach reserve) but BaT has several
main factors that make it a better place for me to market a car ? 1) the
auctions attract interest of knowledgeable bidders, 2) the seller can gauge the
interest of readers by reading the comments and post further information,
photos and videos if requested, 3) knowledgeable readers offer education about
a given marque and model during the auction, 4) readers can research make and
model in the BaT archives for guidance about what to expect the high bid range
would likely be (I bought a race car that had been featured on BaT 3+ years
ago, before auctions were offered, and I was able to read all of the comments
and better judge the value of the car), 5) readers and bidders can look at past
BaT auctions to gauge whether to trust the seller, 6) BaT is going to take the
5% buyers premium (up to $5000) from the high bidder?s credit account the
second the gavel falls, and 7) the two-minute clock reset allows the bidding
to reach its true limit.
The seller has to sell him or herself, establishing trust with the bidders and
readers. Just after I sold a 1957 Morgan four seater another one (seemingly a
decent example, although without a lot of sparkle) appeared on BaT and sold for
about half what mine did ? the buyer appeared only once or twice and didn?t
offer much information and the best photos (no videos were offered) appeared to
have been taken after the car was pushed out into the sunshine after the car
had had a ten year rest and recent wipe-down. The buyer didn?t tell the car?s
story in an appealing way so the bidders mostly had only the BaT description
and online photos to judge the car and seller by.
Having sold my car and that of a late friend I would feel much more confident
in buying a car through a BaT auction than eBay or an unfamiliar car dealer. I
would expect to pay more, but I could better judge the car?s condition and the
seller?s reputation. I?ve got a very nice 1970 Mini woody wagon that I?ll
probably post there in the next couple of months.
Duncan
> On Feb 8, 2018, at 5:46 PM, Chuck Arnold and/or Kathleen Kelley via Fot <fot
> at autox.team.net> wrote:
>
> Thanks Dave.
>
> I found Bring a Trailer to be an excellent site. I think they did a great
> write up given the few facts I supplied. They were helpful and in pretty
> much constant contact. There were 15000 views (!) with 276 watchers and 19
> bids. Don't think I would have gotten that much visibility anywhere else.
> The buyer is in Spokane and has raced in the same sanctioning bodies as me in
> the past. I did not know him but did know his Jaegermeister 3 liter BMW.
>
> The reserve was low in my opinion, but they justified it and stuck to it.
> Fortunately it sold for more than 5000 over reserve. That bid came in the
> last ten minutes. Most all the bidding occured in the last hour. I like
> that it was a one week auction.
>
> I would recommend them to anyone wanting to sell a race car.
>
> Hope you have a great race season.
>
> Chuck
>
> Hi Chuck,
>
> I hope that you are satisfied with the BaT auction results. Please share
> your thoughts and experience with the group.
>
> I'd say someone got a nice race car for not a lot of money. Who bought it?
> Where is it going?
>
>
>
> Dave H.
>
>>
>>
>> ---------- Forwarded message ----------
>> Date: Feb 6, 2018 6:01 AM
>> Subject: Your listing at BaT Auctions is closing in 6 hours - a few reminders
>> Cc:
>>
>> <https://bringatrailer.com/> Submit a Vehicle
>> <https://bringatrailer.com/account/listings/new/> Auctions
>> <https://bringatrailer.com/auctions/>
>>
>> Hi Chuck,
>>
>> Today is the big day! Your auction for the 1969 Triumph TR6 Race Car
>> <https://bringatrailer.com/listing/1969-triumph-tr6-4/> is set to close at
>> 12:00 PM PST, which is just less than 6 hours from now.
>>
>> As a reminder, sellers who stay helpful and engaged with the bidders during
>> the auction, and especially towards the end, help bidders buy with
>> confidence. This means more, higher bids. So get in there, and remember to
>> be calm, friendly, and polite.
>>
>> As of now, your reserve is not yet met. Given how far the bidding has
>> progressed thus far, would you like to lower your reserve to increase the
>> chances of a sale? You may do it directly in the yellow box on your listing
>> here
>> <https://bringatrailer.com/listing/1969-triumph-tr6-4/#listing-action-reserve>.
>>
>> Pro Tip: We want your car to sell just as much as you do! We do not
>> recommend sharing your reserve status or amount, either publicly or
>> privately. Our experience shows that announcing your reserve status limits
>> bidding, so keep it secret!
>>
>> We'll be standing by in case you have any concerns. And good luck!
>>
>> - Don Lilly
>> BaT Auctions
>>
>>
>>
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>>
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>>
>>
>
> _______________________________________________
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>
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>
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