Wow! High-end fakery at car auctions.

[SteveSS]

I didn't know this happened. Let's say it's a McLaren F1. The car is sold to an investor for $20 million before the auction. Then the car crosses the block and through false bids it looks like it sells for $25 million. The auction house looks good. The original buyer gets the benefit of driving prices up.

By that I mean the guy that paid $20 million can sell it in a year and say, "Look, this sold for $25 million a year ago."

 

[WileE]

Scams, setups, and shills in the auto auction arena ? Noooooooo........ can't be.......

 

[mmissile]

I'm shocked! Shocked, I tell ya....

 

[kiwigtx]

I'm shocked! Shocked, I tell ya....

So am I ...... it's actually spelt "McLaren" ....so named because of the late Kiwi motor-racing legend Bruce McLaren.


From a time when real men raced cars and wore the same shoes at the track as the ones they were married in.

 

[kiwigtx]

 

[cr8crshr]

I haven't watched or caught an auction, either in person or the ones on TV, since selling my 66 Ply Sat back in 2022. No need to, as they are all way too overpriced and modified for my taste in the first place, and I am no longer interested in owning one again. But the premise being suggested is exactly how the market exploits itself and the inflation it causes on these vehicles...Just sayin' is all...cr8crshr/Bill

 

[YY1]

You mean a run of the mill 350 C/K series "square body" isn't really worth $108,000?

 

[SteveSS]

Thanks. Fixed. To cr8: Modified cars, such as changing a 2nd Gen Charger or Corvette to modern Hemi or LS power, 6-speed, modern suspension, and gauges, is wrong? That can the difference between a $75,000 car to a $300,000 car. I just think there are more buyers at the former compared to the latter. It seems those resto mods always sell though.

I watched John Clay Wolfe try to restore a '78 Trans Am. They had the original motor, everything. They got so much money into the restoration, they had to change it to a resto mod. I suppose it's different if you have employees on staff making $30/hr compared to a resto shop charging $150/hr.

 

[cr8crshr]

Not that by upgrading to more newer adaptations is a bad thing. But, when they are way over-modified to the point where the body doesn't retain its originality, that isn't in my wheelhouse, as the older ones to me is just much more appealing. I'm speaking of safety and reliability here, over the slammed, chopped, over-messaged ones that are just too uninteresting to me...Just my personal preference is all...cr8crshr/Bill

Thanks. Fixed. To cr8: Modified cars, such as changing a 2nd Gen Charger or Corvette to modern Hemi or LS power, 6-speed, modern suspension, and gauges, is wrong? That can the difference between a $75,000 car to a $300,000 car. I just think there are more buyers at the former compared to the latter. It seems those resto mods always sell though.

 

[SteveSS]

I've been to some car shows and think, Americans just have too much damn money! I really DON'T think that but it sometimes looks that way. I mean I have a great house and too many cars but those with more, mostly deserve it. They worked hard, made good decisions and probably sacrifices. I'm never for taking from the rich just because they're rich.

 

[DeltaV]

They inherited it and haven't totally blown through it YET.

 

[SteveSS]

All of my car purchases are designed to leave my daughter and son as much money as possible. I don't give an F about anything more than my kids.

 

[SteveSS]

They inherited it and haven't totally blown through it YET.

That can be true, but good for their parents to leave them enough money to invest or start a successful business. If the parents had a high IQ and discipline the kids probably have it too.

 

[hemi*guy]

They inherited it and haven't totally blown through it YET.

Maybe , but someone in their family worked hard , made good decisions and sacrificed to be able to
Leave it to them. Maybe they had to sacrifice as kids also.

 

[SteveSS]

I think my kids did well 1. Because we expected them to do well. 2. They were brought up with a certain lifestyle and they wanted that same lifestyle for themselves.

We paid for their upbringing and college but then it was up to them. W directed them to NOT get a worthless college degree.