Russo & Steele
 

Has anyone heard how Stefano did at Russo Steele? I thought his red Olds was due to hit the block last night.

Re: Russo & Steele
 

It goes tonight. Money is weak at RS,to their credit they are working the bidders hard and giving decent block time.

Re: Russo & Steele
 

Friday you could hear crickets there...Lets hope today does better.

Re: Russo & Steele
 

My friends here from IL went to R-S on Thursday....they told me it was $15 to park (triple what it's been in the past) and $30 spectator entrance fee (50% increase). Could explain the sound of crickets.

Re: Russo & Steele
 

All the auctions to seem to be increasing all their prices.
I have to wonder how many sellers end up ahead when it ends up costing them approx 20% in fees?
I your car gets bid to $100,000 the buyer pays $110,000 but seller walks away with $90,000.
You have to be a real risk taker to put your car on the block at no reserve in my opinion.

Dave

Re: Russo & Steele
 

Other than the very small circle of FRIENDS Here.............How else does a buyer hear about the average
"NICE" cars up for sale ???? The "NICE" cars with or w/o docs .....with out original power train
but otherwise nice paint, interior, chrome, detail ????

Re: Russo & Steele
 

It seems the Auction Companies are making money from several different angles,
Back in the good old days a seller paid a reasonable entry fee and maybe a 5% to 8% commission if his car sold ,,,now the seller pays a big entry fee, a bigger fee if you want a good auction time, and buyer gets charged a commission also,

Re: Russo & Steele
 

My experience with R&S: Early sign up (August or so) may allow you to avoid entry fee altogether or at most a nominal fee ($100 to $150). Your car, generally, will drive what slot it gets. They will not put a $25K car shortly before (or after) a $300K car. The flow of the auction is like a sine wave (gradually ramping up in value then ebbing in value and so on) The auction house wants to draw in the big spenders by putting prestigious/rare/well done/desirable cars in the hot slots such as 8:00 pm. on Fri or Sat. Of course there are exceptions to the rules too that seem to defy logic.