Russo and Steele auction

[Charley Lillard]

I watched that interview and while it is too bad the car didn't sell for what he thought his reserve was he should have read the contract. The reserve is not fine print. It is one of the main points of the contract and to try and raise it when the car is on the block is absurd. What if every seller wanted to raise their reserve while their car was on the block ? Yes the dealer that bought it could have handeled it better but he is supposed to give the car back because the seller didn't pay attention to the probably LARGE print in the contract ? He finally figures this out when the car is actually on the block ? The inteview with Gaines and the other guy mentions how they think the sellers should be able to raise their reserve during the auction since they can lower it. The auction houses decide on what cars they accept for their auction based on if they think the reserve prices are realistic. That is decided months in advance. If I get them to take my crappy car because they know it will sell at my 5K reserve then I change it to 50K on auction day, I just screwed the auction house and everyone else.

[CamarosRus]

I fully expect this post to dissappear.............

Regarding both B/J and R/S I am interested in learning why so many people condone fabricated clones, with misc alledged "documentation" being passed off as original and survivors.

Why do most people turn a blind eye on cars that are obvious repaints, incorrect "original" parts and have Photoshop documentation........

I can understand the auctioneers greed, the sellers greed....but to hear the Speed Channel announcers tout the low milage, the documentation, and ALL the originality, is just so upsetting to me, knowing otherwise.
Why isnt there litagation and public outcry to hold down some, if not all of these sellers..........

[sYc]

[ QUOTE ]
......I dont want to go in the terms of our deal but IM COMPLETELY SATISFIED and will 100% comtinue to do business with Russo and Steele..........

[/ QUOTE ]

Cool..glad to see things worked out. The club can always use an extra $2100.00.

[x Baldwin Motion]

I am very sorry to hear anyone takes a hit like that. Sure, you are selling the car to feed hungry kids. I believe that people can fall on hard times and have to sell their prized possesion. That sucks.

I do not believe I can sign a contract that says $100,000.00
when I MUST HAVE $140,000.00.

I can't hang around for five days and not check my contract.

I can't go to the block without my contract !!

As far as the buyer (dealer) being a man of his word, ..... please ! He sells used cars!! He is one of the many who take advantage of persons in this hobby (though he bought the car legally and fairly).
This is a sad fact of life.

This situation does not appear to be the auction house excercising their right to an advantage in a gray area.

[x Baldwin Motion]

the post above is in reference to the video link on first page.( edit time elapsed, sorry)



[ QUOTE ]
....but to hear the Speed Channel announcers tout the low milage, the documentation, and ALL the originality, is just so upsetting to me, knowing otherwise........... ?

[/ QUOTE ]

Those SPEED guys are only reading from que cards and information sheets that are provided by the auction house based on the sellers description. Mike Joy is NOT part of the conspiracy to sell you a 427 with a six banger vin. Any of his other color commentary is surely based on his vast knowledge of that make and model car, not the particular specimen on the block!!

[Xplantdad]

Andy...see, I told you so! Awesome!

[Johnny Horsepower]

[ QUOTE ]
I watched that interview and while it is too bad the car didn't sell for what he thought his reserve was he should have read the contract. The reserve is not fine print. It is one of the main points of the contract and to try and raise it when the car is on the block is absurd. What if every seller wanted to raise their reserve while their car was on the block ? Yes the dealer that bought it could have handeled it better but he is supposed to give the car back because the seller didn't pay attention to the probably LARGE print in the contract ? He finally figures this out when the car is actually on the block ? The inteview with Gaines and the other guy mentions how they think the sellers should be able to raise their reserve during the auction since they can lower it. The auction houses decide on what cars they accept for their auction based on if they think the reserve prices are realistic. That is decided months in advance. If I get them to take my crappy car because they know it will sell at my 5K reserve then I change it to 50K on auction day, I just screwed the auction house and everyone else.

[/ QUOTE ]

agreed

[camarojoe]

I agree with Charley on this one too.. he signed the contract stating it was a 100K reserve. If he was too dumb to proof read it before signing it, that's his own fault...The other part I don't get is that he says the owner had the car for 28 years, and that they did all the repair work on the car for free, yet the owner "had more than 100k in it and would be taking a loss"...how's that?

[YENKO DEUCE REGISTRY]

I guess he paid more than $100k for it 28 years ago!

What a Moron. (Him, not you! )

[Charley Lillard]

Hard to overlook the big bold reserve box.