Kevin Hand Collector Car Collection at Auction

[iluv69s]

Stefano, with all due respect, I do believe that the fact that these 'deals' protecting the seller at 'no reserve' auctions are relevant if they do in fact exist...especially if it is a verbal agreement and not written in any contract.

Obviously, you know more than me about what happened at the auction. But apparently, there seems to be some misunderstanding whether there was some kind of a verbal agreement made to protect Kevin.

Regardless if anyone feels it is relevant, I am asking the question. Has this type of thing happened in prior auctions?..and if so, was it ever done by a handshake or was it written in the contract?

If this has <span style="font-weight: bold">never</span> happened in prior auctions, it would go a long way for me to believe that Kevin may be 'crying' over a bad business decision..

And I also remember somone here telling how thier car stalled at a certain price before reaching the reserve, and then the auction company agreed to lower the seller's comission, and upon lifting the reserve, the car took off and the selling price soared way above the reserve price. I have seen many times when the price stalled and the auctioneer talked the car up again and the price continued to climb. Obviously different circumstances and auctions..but when a precedent has been set, it makes the possibility of this happening more believable.

I think we all deserve to know the answers to these questions so we can be better informed if we decide to buy or sell our cars at auction some day..it just seems odd to me that the auction company did not allow the normal time on the block for this car..(assuming this is what happened)or even give some extra time...what was there to lose?? was the high bidder going to back out if the auctioneer hyped the car for another minute before dropping the gavel??

once again, I do not know kevin or am I trying to defend him. And I do not have a bone to pick with anyone regarding this..I am just trying to find as much info (truth) as possible ..

just my humble opinion... thanks, max

[Stefano]

An auction company is a business and technically they can make deals with both buyers and sellers of vehicles, if they are within the laws of the land.

Every auction is different, as are the potential varying circumstances.

The commissions charged to the seller are generally lower with no reserve, since the the vehicle is going to sell with 100% certainty.

Auctions do not generally negotiate their commissions on a no reserve deal, across the block, since there is no need to.

Auctions do have the option to try and negotiate a sale across the block, when a vehicle does have a reserve.

It would be a prudent business practice to have a contract spelling out all the details of any such significant transaction.

It is none of my business to discuss or speculate on other people's private deals and or contacts, especially on a public forum.

All of the details and guidelines are spelled out in the auction contracts.

Many Auctions are businesses which generate $10,000,000.00s of dollars in Sales and do not operate without contracts.

In the case of R&amp;S Arizona 2011, there is no contractual provision for allowing protection of a no reserve vehicle. The way to achieve protection through the auction is by using a reserve.

Many members ran their cars at this acuction venue, most used a the reserve method. Some sold their cars while others did not.

I ran some of my cars both ways. When we got close to the reserve on the reserved cars we took it off and sold them. When we were not close we kept the reserve on.

[Stefano]

Found in Cyber Space.

Re: Listen Closely
« Reply #23 on: March 21, 2011, 03:55:38 pm »
&quot;I knew what was coming when I made the post. You see that everytime someone posts on the site that all off the clan chip in to try to protect and cover up the obvious. Charlie Lillard either did not know the details or he is DELUSIONAL, forget about the prices of the cars. SB got CC of all people to help me out. CC sold me a 67 Shelby GT500 in 2004 that did not have the original fenders on the car, the car had been wrecked and the Shelby serial numbers were gone, then told me he had cancer , couldn't sleep at night, but , wouldn't buy the car back. Yes , this is the guy who was on the SHELBY board at the time that lied endlessly about the car. When confronted you should have heard the barrage of lies. I later found CC had quite a few upset customers. Byt the way , guess who referrred me to him, that's right SB. Now this guy and SB are suppose to help me. You had to be standing by SB when this all happened and he tried to make it seem as though a mistake had been made, why his post the following morning about something changing, what change???
CL and TC are so simple minded and full of it when they do not know the details or the screwing I had taken before by CC . Thanks for the help, then tell me its my fault. It's a good thing I could afford the situation. I expected there to be a collusion amongst the members that made posts to support SB . If they only knew, and for Tom C. to point out that someone is foolish, he is the FOOL!They are all credible ,right?? I expected this from the clan, I wish they were their, they would have taken a beer bath too! Do your homework Tom before you jump in the band wagon! &quot;

[budnate]

who is SB and CC ???

[x Baldwin Motion]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: budnate</div><div class="ubbcode-body">who is SB and CC ??? </div></div>


sorry, I had to lighten this up a little.

[black69]

Well I got sucked into this thread and came away with the thought something odd must have gone on at that auction. I don't think the color was that 'different' to justify a big price delta over an orange or blue one. A gold yenko camaro or nova or chevelle are all cool in that color. period. Anything more that a 10% price difference to a 'blue' is about all I would ever beleive. I would take it over phantom green myself.

I would not ever take a car to russo and steel because where o where all the 'in the know' guys telling the auction house, this thing should sell higher? did they not know this thing should go higher and spend more time working it (shouldn't the consigner be tugging on the houses arm to work this more? this price for a yenko is too low? I would be screaming if it was my car, don't drop that gavel!) Either they are totally uniformed (I thus would not want them gaveling for my car, unless in a reserve auction) or something fishy happened OR the market for yenkos has tanked. Its one of those 3 things in my opinion.

I would only go to mecum after what I see happened here.

[Stefano]

I understand your opinions and perspective. It's really difficult to discern exactly what happens at an auction when you are actually there and much more so when you are not. However, your conclusions are not fact. They are simply your opinions.

This thread started as a promotion for a member's cars which were going to be auctioned in Arizona at R&amp;S at &quot; No Reserve&quot;.

&quot;No Reserve&quot; will always be a major risk to a seller and the least level of risk to an auction. I assumed that risk for some of my own cars at that auction, while I chose to go with a reserve on some of the others. The auction did work with me on my reserve cars and we got them sold across the block. ( special deal ticket signed on the block )

There are numerous reasons why some consignors may or may not decide to go no reserve. The option with R&amp;S, as well as others is always up to the consignor.

So, if and when someone may be looking to turn a substantial collection or even a single car into cash, quickly, selling at No reserve is one very risky option.

Nickey Chicago, Inc. and Russo and Steele have been unjustly accused of maliciously manipulating the auction, by Kevin and his mouth piece. This is simply not true and the opposite of what actually did happen.

Now, if KH had simply stated that he was not happy with the out come or the level of service which was provide, and that in the future would take his business elsewhere, that would have been very different.

I have answered all the questions put forth, to the best of my ability, in order to clear my good name.

While this is a hobby to many it is my business and the way I provide for my family.

Kevin,IMO this would be a good time to put egos aside and for you to make a public apology.