| The G car is from a significant private collection in the north east. He also has the french 4 speed 300F convertible, the 58 Desoto Adv FI convertible and countless other incredible cars.
Auction houses legally have the right to house bid a car up to its reserve in hopes of getting the seller their asking price. I’ve gotten great deals at both Mecum and BJ, I’ve also paid very high prices, but knew who I was bidding against. Dana has for sure bought many cars, many that are coming to market now. Like any business, there is some good and some bad.
Mike
You’ve got it right. Years ago I was taillin a ‘56 Mark. For two years it would periodically show on the web in different states but with the same palm tree pictures. After some sleuthing the state location coincided with a Mucum event where it would always “sell” . ( always at a lessor price). Over four sales, the losses she can impacted to previous sales totaled close $45k! It finally landed at a dealer who spilled the beans. Marcum bought the car for a quick flip. Cranked up the reserve and transported west. Bought it back and sent it to the Midwest. Same deal. Transported south. Bought it back. Then to Harrisburg for a no sale. What nonsense! The fix is in. I think BJ and Mecum for sure are dubious operations. I have bought and sold at BJ and Mecum and I know dealers who do the same. They stroke the ring boys and the block caller and get extra attention. Heard the auctioneer stop and remind the audience the bid is way below value and then reads out the features again to try and stoke the bids again? These lots get an extra 45-60 seconds on the block because the owner has stroke. I am also personally aware of phantom bids that keep the one honest person left on the floor with a drink in his hand bidding ’till his glass is empty. How many times have you seen and heard the auctioneer stop and check the floor or telephone bidding only to go back and correct to a lower number when the real bidder passed. Buy from a club member or a regional auction where you know the people or others nearby know the car. Best for me has been from a club member who offers you an honest evaluation and an honest price, knowing that the two of you will see each other again down the road. This auction BS should be investigated and called out. M
I'd have to look but I feel like the G has been at other Mecum sales.
My takeaways in general:
Mecum owns a lot of the higher dollar stuff they offer. With his health issues, some of their star cars are repeats as he was not as active recruiting cars for a while. With that estimate, I suspect they own it.
Once when I brought a letter car to sell a few years ago, their auction 'grinder' walked up yo me before the car was on the block and asked if I'd take effectively half reserve. I laughed and said no. They ran the it up to their offer and passed the car. The whole process took 45 seconds. They then made the same offer.
I sold the car a short time later for $20k over my reserve.
It just struck me that they did not know the merchandise and/or they wanted to buy the car themselves.
That G sure is sharp. Curious if it is a factory 888 interior or not. John Lyons 860-883-3998 Excuse any typos.
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