Any opinions about the Mecum Houston GTs (3 of them)


Sinovac said:
Many of those auctions are a joke. Watch a RM or Sotheby's auction to see how it should be done.
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Agree. Liked it better at RM with Max Girardo.
 
Dwhite said:
Agree. Liked it better at RM with Max Girardo.
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Max Girardo is a pro. Note how he actually identifies the bidders.

https://m.youtube.com/watch?v=VWC9HpMKU9U
 
shelbyelite said:
That was not originally a heritage car. That's a previous salvage car that was repainted to gulf colors by "someone" in Texas
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At least it looked dry.
 
If the guys running these things are shill bidding someone with a bull horn and a badge should shut them down.
 
GTdrummer said:
If the guys running these things are shill bidding someone with a bull horn and a badge should shut them down.
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Sadly my understanding is they 'are allowed' to shill bid up to reserve
 
jaxgt said:
Sadly my understanding is they 'are allowed' to shill bid up to reserve
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"Advance the bidding"

"Protect the reserve"

The states in which it's legal have bullshit terms for it. It's shill bidding.
 
what was the name of the big outfit who ran the Auburn, IN auction Labor Day? I think they are long gone due to their inappropriate behavior and letting people pay cash under the table at their auctions to avoid taxes. it was totally ridiculous but like I said, the back of the entry form (in small print) said they were allowed to bid the cars up which a lot of them still do today. I will give Sothebey's and RM some respect for not pulling that crap from what I have seen.
 
NorthwoodGT said:
what was the name of the big outfit who ran the Auburn, IN auction Labor Day? I think they are long gone due to their inappropriate behavior and letting people pay cash under the table at their auctions to avoid taxes. it was totally ridiculous but like I said, the back of the entry form (in small print) said they were allowed to bid the cars up which a lot of them still do today. I will give Sothebey's and RM some respect for not pulling that crap from what I have seen.
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http://autoweek.com/article/car-news/rm-auctions-buys-auburn-complex-kruse
 
THamonGT said:
Overall condition was very good with very little wear showing with the 46,000+ miles. I think the package was slowing the bidding somewhat. I was told today that the $175,000 was a real and very firm bid and the estate owner would not take that for the vehicle. Nothing as to appearance was a,deimnt to the vehicle.
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Thanks. I was not able to attend or have anyone I know look at it. I did contact Mecum, and they (as of a few days ago) were willing to entertain offers. I think thats standard practice as long as the seller agrees from what I can tell. May be gone by now though. Based on pictures (sure not like looking at something with your own eyes of course) the car looked nice. The Heritage just looked and appeared to me after the results were published as just too spooky to follow up on. Thanks again!
 
smackdab said:
Thanks. I was not able to attend or have anyone I know look at it. I did contact Mecum, and they (as of a few days ago) were willing to entertain offers. I think thats standard practice as long as the seller agrees from what I can tell. May be gone by now though. Based on pictures (sure not like looking at something with your own eyes of course) the car looked nice. The Heritage just looked and appeared to me after the results were published as just too spooky to follow up on. Thanks again!
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good move on the Heritage. far too many stories on that one. maybe Shelby can educate us more on that one.
 
NorthwoodGT said:
good move on the Heritage. far too many stories on that one. maybe Shelby can educate us more on that one.
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Waiting for Darth Vader to jump in with the story. His internet access has been restored.
 
Sinovac said:
Max Girardo is a pro. Note how he actually identifies the bidders.

https://m.youtube.com/watch?v=VWC9HpMKU9U
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+1

He is by far the best.
 
Well, I posted about a potential auction sale. I guess i should stray away from it based on this thread.


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I've never bought a car at auction, although I've been to a few. It seems to me that auctions typically go one of two ways: (1) the car is bid up quickly and sells higher than the seller expected, he's happy, and the auction house looks good. (2) the car does not get to its reserve, the auction house sometimes tries to shill bid, the seller goes away unhappy and the auction house looks bad. Rarely, something in between happens.

After watching a few, it also seems that the high-price auctions are fueled by too much alcohol and excitement (as others have observed). I was casually watching a BJ auction on TV this morning, and a 1961 VW microbus sold for over $200K! That's nuts. A VW?? Yeah I know they are rare 'cause most of them rusted way a long time ago, but still...

After all that, and what's been written here, I can't see why anyone would buy a car at auction. Always buy from a private owner, or a specialized dealer that provides full records.
 
PeteK said:
After watching a few, it also seems that the high-price auctions are fueled by too much alcohol and excitement (as others have observed). I was casually watching a BJ auction on TV this morning, and a 1961 VW microbus sold for over $200K! That's nuts. A VW?? Yeah I know they are rare 'cause most of them rusted way a long time ago, but still...
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Prices on those have been in that price range and going up for the past two or three years, so that's a real market. The real question is why. I suspect it will collapse like the Dodges did in Mopar Mania 8 or 9 years ago.
 
twobjshelbys said:
Prices on those have been in that price range and going up for the past two or three years, so that's a real market. The real question is why. I suspect it will collapse like the Dodges did in Mopar Mania 8 or 9 years ago.
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The "greater fool" principle in action...
 
Sinovac said:
Many of those auctions are a joke. Watch a RM or Sotheby's auction to see how it should be done.
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I second that opinion. I have always thought the fast pace jibber jabber too much for my brain to process. RM is probably my favorite... It is also reassuring to hear an auctioneer speaking with a proper English accent.


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Charlie Ross and Gooding get my vote for the best auction experience
 
PeteK said:
The "greater fool" principle in action...
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The Emperor has no clothes?

Special K said:
I have always thought the fast pace jibber jabber too much for my brain to process.
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But when you are confused as to whether you are chiding a batter to swing and miss or are buying cattle for your ranch, you may pay more for the car rolling across the block.
 
It seems the same 40+ Gts (online) have been around for months so maybe auctions are where a few have sold.
 
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