Roy at BJ

[Michael J.]

Re: Roy at BJ

I wish you wouldn't put these two in the same category....as they are on opposite ends of the "truth" spectrum.

tc

+1, you got that right.

[Loren L.]

Re: Roy at BJ

Yes, Roy was there, saw him on TV. He quit bidding at just about what I figured the car was worth, remember it is an auction, the auctioneer did not "lie" in his description if you sorted out the facts he presented from the hype. (Lots of hype) Repaint BC/CC 390 converted to 400hp. I cannot remember a claim as to original block or not, but I caught the note that it was a converted 390, no mention of the original pieces. Buyer Beware!

Probably most easily explained by assuming that the reserve amount was "one or two" bids away, at which time B-J could celebrate another "payday" and collect both "seller commission" and "buyer premium".

[Dick W.]

Re: Roy at BJ

Probably most easily explained by assuming that the reserve amount was "one or two" bids away, at which time B-J could celebrate another "payday" and collect both "seller commission" and "buyer premium".

Oops! Wrong auction firm Loren

[Michael J.]

Re: Roy at BJ

Oops! Wrong auction firm Loren

B-J charges 8% sellers commission for no reserve, 10% for a reserve, plus sellers fees to consign, they also charge a 10% buyers commission on the same sale hammer price, plus more bidders fees, they make make out like bandits, literally.

[Dick W.]

Re: Roy at BJ

B-J charges 8% sellers commission for no reserve, 10% for a reserve, plus sellers fees to consign, they also charge a 10% buyers commission on the same sale hammer price, plus more bidders fees, they make make out like bandits, literally.

I stand to be corrected but I believe the the Orange County auction was an absolute auction, meaning NO reserve.

[William C.]

Re: Roy at BJ

They mentioned a number of cars that the reserve was not met on, some of which they announced as "Sold" when the hammer came down. Never did figure if the buyer dropped reserve or auctioneer just got in the "sold" habit. I did notice they worked over the sellers to lower the reserve pretty hard when the bidding stalled...

[Michael J.]

Re: Roy at BJ

They mentioned a number of cars that the reserve was not met on, some of which they announced as "Sold" when the hammer came down. Never did figure if the buyer dropped reserve or auctioneer just got in the "sold" habit. I did notice they worked over the sellers to lower the reserve pretty hard when the bidding stalled...

Right, that's what I heard too, and that old guy with the long, stringy hair was in some folks' face when the bidding stalled for sure.

[Roy S.]

[Gene M.]

Re: Roy at BJ

Roy, It is nice having someone we know give us a "rundown" on what we see on tv. They all look good on tv, but to get a look at it in the eyes of someone we know makes that car really look as good as it appears on tv.

What kind of questions did BJ ask?
thank you.

[Michael J.]

Re: Roy at BJ

That's an excellent rundown on the situation, heck when I saw you bidding, like I said, I phoned in a bid when it was near $65K. But I thought they said something to the effect that that guy with his hand up bidding knows Corvettes, more than anybody, or something like that. I would not dispute that you do know more about Corvettes than anyone in the world, that was a truthful statement at BJ.

[Roy S.]

Re: Roy at BJ

Roy, What kind of questions did BJ ask?
thank you.

As you know Barrett-Jackson does Award Confirmation documents on every vehicle, in addition to that starting last year they do Document Validations on every vehicle that has purported GM documents and we provide Shipping Data Reports from each vehicle that they request it on. So they cover their bases, and they change the window description accordingly they do not want anyone buying a car and then them having to unwind the transaction because of misrepresentation. In the real world it improves their bottom line. Regardless of what anyone thinks about their practices, it creates a word I like to see used transparency, they are not trying to hide anything they know. With that said they end up at times with cars that are potentially really good cars or potentially really bad cars. In Orange County they had this 1967 Elkhart car which the Shipping Data Report indicated went to Clayton, MO that’s all they had no paper, no award history, so they asked me to look at it and I did. I told them the bad news was it was not a 400hp car, the good news was in my opinion it had an original engine and it was a factory 390hp car, with its original trim tag. So they changed the write up they used my name in the write up which I have no problem with they did not use NCRS in the write up, check it out NCRS is not there. Did they say I was the NCRS Judging chairman they may well have but I can guarantee you that I do not let them put that on a window card or description. There were other cars there with issues pointed out by the NCRS documentation we provide and they changed the write up on every car, even to the point that one car claimed it was restored to NCRS standards by retired NCRS judges they took that out of the description. One car claimed to have an original tank sheet, the document validation rejected the document they made the owner remove all reference to the tank sheet and remove the document from the property room. There was another car claiming to be original motor with a protect-o-plate, problem was shipping data showed the car went to Texas, the motor was an IM coded California smog motor, and the protect-o-plate said the same. Can’t happen Texas cars did not get smog equipment in 1966, motor was a poor restoration at best and protect-o-plate on the other hand was a high dollar attempt at forgery that most would have missed. Bottom line they removed all reference to the protect-o-plate and it being the original motor. There were others, sometime the story is good sometimes it’s not. Bottom line always will be do your homework, what they say may not always be 100% true but they do exercise due diligence and try. I believe the relationship we have developed with Barrett-Jackson is a win-win for both organizations, it save them untold expense on the back side of a sale, and it gives us name recognition and exposure we could not afford to buy.

[Michael J.]

Re: Roy at BJ

It is great to know that some people and organizations are stepping up to help buyers. Buying a vintage Corvette these days is a very expensive and frustrating crap-shoot, good to know there are sources and places to make it less dangerous, just wish it would happen more often and in more places where 'Vettes are sold.

[William C.]

Re: Roy at BJ

Yes, I expected they were referring to Roy when the statement was made, his picture on the TV later as the bidding closed just confirmed it.

[William F.]

Re: Roy at BJ

Roy,
Did the car sell for 77K? Seems low for factory air, born with BB convertible in a desirable color. Were there "issues", such as bad frame or body or evidence of previous wreck?
Thanks in advance,
Bill

[Roy S.]

Re: Roy at BJ

Roy,
Did the car sell for 77K? Seems low for factory air, born with BB convertible in a desirable color. Were there "issues", such as bad frame or body or evidence of previous wreck?
Thanks in advance,
Bill

Bill,
Let me answer your question as best I can, please realize this is a technical discussion board; way too much has already been made of this in my mind.
The car I believe sold for 84 or 85K, to my knowledge it was a no reserve car and I have no reason to doubt that. My client did not want to put over 80K in the car. The car was unrestored very original, nice frame, it needed a lot to be jamb up nice, my client likes perfect, so there was a back side we had to look at with respect to value. The bolt-ons were reproduction and the side exhaust was added, body was very good. I advised my client that it was a buy in my mind to 70K or 80K he chose 80K. I stopped at 77K which was the last actual bid before they lost track of the bid. They then backed up to my 77K and worked it really hard.