Looking for a low mileage GT
- Thread starter drilling
- Start date
KennethClay
GT Owner
They also have to accept the vehicle, and setting an agreeable reserve price is a part of that. Plus there's the involvement of taking hundreds of photos and responding to prospective buyer inquiries--no small thing if you're already busy. Still, hard to beat the $5,000 commission cap!
Regarding the auctions themselves, it used to be that they were the ones who had the ability to market the vehicle widely and reach the qualified buyers. And they do have subject matter experts that weigh in on provenance and originality, etc. Paying for all of that takes money, which the participants pay in the form of buyer's and seller's premiums.
The internet has changed much of that. Now, distribution is free, and in the case of the BaT model, the engaged buyer / commentator universe effectively produces an expert network that can help with assessing condition, originality, etc. As for Drilling's comment that it is not realistically possible to check out a car that is a few states away, I would submit that it's not so different from an auction a few states away. You either go to see the car (or artwork, or whatever), or you have a nominee go see it for you.
Agree, reading
Internet really changed the scene of commerce. Less arbitrage to take advantage of for dealers or those with connections.
MTV8
GT Owner
partssmann
GT Owner
SYCO GT
GT Owner
Yes, I'd say a huge disparity in fees for traditional auction house versus online website auctions.
For Bring-A-Trailer, what precautions, if any, are the majority of sellers taking with respect to securing payment / funds?
Are escrows used?
Or more commonly, is it essentially, require a wiring of funds, confirmation received, and then release vehicle and title?
For Bring-A-Trailer, what precautions, if any, are the majority of sellers taking with respect to securing payment / funds?
Are escrows used?
Or more commonly, is it essentially, require a wiring of funds, confirmation received, and then release vehicle and title?
PeteK
GT Owner
No, it's not hard to find a good car. It's hard to find a good car at a relatively low price. What's your time worth?
Gene Cassone
GT Owner
Auctions make me nervous. When spending this kind of money without a quality inspection prior is more risk than I want to take! Unless you get an incredible deal with knowing you may break even after fixing all the potential problems, I am not interested. I heard too many disaster stories!
That said I do enjoy going to Scottsdale BJ week. Biggest car show there is!!
That said I do enjoy going to Scottsdale BJ week. Biggest car show there is!!
I have done it previously. Checked the car out after winning, wired fund and transferred title.
wmjim
GT Owner
I've had very good experience selling on BAT ($170k). Money is wired before release of title and car. I've bought several cars at "in person" auctions, but a LOT of due diligence is needed. And you can't test drive to check everything else out, but good for rare, hard to find cars. I'm too scared to sell at these auctions as I've heard too many stories - especially no reserve.
Newgt
Member
Not sure if this one counts:
bringatrailer.com
Superlite GT-R
Bid for the chance to own a Superlite GT-R at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #96,885.
Vincent998
GT Owner
Actually, it's not so difficult to see a car being sold on BaT. Cars are up for a week or longer, just be prepared to immediately contact seller to arrange a drive etc, then buy a ticket and fly to see and drive it. I had good luck doing that when I bought my TVR. It came up for sale, I contacted the seller, who helped me select overnight lodging, and I then bought a RT ticket to see and drive the car. Of course the car has to be worth it to you to invest the cost (time, money) of doing that. If you really want it and/or it's a rare vehicle, you can out bid anyone else. The big problem getting to drive it is the weather, esp in winter, but if it's in a warmer location, season isn't so important.
Barrett Jackson Update
2005 Red Four Option 398 Miles
Hammer 450k
Sales 495k
Seller Take Home 414k
2005 Black Stripe Delete 3100 miles
Hammer 410k
Sales 451k
Seller Take Home 377k
2006 Tungsten Four Options 1100 miles
Hammer 390k
Sale 429k
Seller Take Home 358k
Red car sold higher than expected.
Black and Tungsten sold way less than expected. Again, you lose too much money after sellers fee.
2005 Red Four Option 398 Miles
Hammer 450k
Sales 495k
Seller Take Home 414k
2005 Black Stripe Delete 3100 miles
Hammer 410k
Sales 451k
Seller Take Home 377k
2006 Tungsten Four Options 1100 miles
Hammer 390k
Sale 429k
Seller Take Home 358k
Red car sold higher than expected.
Black and Tungsten sold way less than expected. Again, you lose too much money after sellers fee.
twobjshelbys
GT Owner
Heritage lot #1397 hammer 540K. Buyer pays +10%, seller leaves 8% (no calculator handy)
2020 NGT lot #1390 went for 1.2M
The next lot, 1369 - 1969 Mustang Boss 429 went for 550K!!! I wonder what the 05-06 will be going for when they are 54 years old.
Last edited:
2112
Blue/white 06'
twobjshelbys
GT Owner
The NGT held top price until the Carrera GT came up and sold for 1.45M.
Then the F40 came and blew them all out of the water for 2.75M
Then the F40 came and blew them all out of the water for 2.75M
pacettr
GT Owner
- CarFax shows accident reported as total loss in 2011
- Two owners since 2011 and titles have not been branded as salvage
-
Heritage with 5000 miles - 473k???
Does this heritage car have some accident history? Why so low?
2006 Ford GT Heritage Edition for Sale at Auction - Mecum Auctions
View the 2006 Ford GT Heritage Edition for sale at Kissimmee 2023 in Kissimmee, FL as K165.1.
www.mecum.com
twobjshelbys
GT Owner
I dont get these auctions. Both buyers and sellers get screwed lol.