Ferrari 365 GTB/4 15285 on BAT

Use the fchat search function and type in 15285 and you will get plenty of information.

Marcel Massini

 

Will not meet reserve IMO.

 

It might.

I don't think the Seller would have it on BaT unless they would be satisfied with the sort of prices that some past Daytonas have managed there, and the car certainly is not a Platinum example, or anything like that...

 

Well, not that there’s anything necessarily wrong with it, but if history is an indicator, it seems many brokers/dealers often consign various cars to auctions with little or no expectations of an actual sale at given venue, but rather to expose some of their inventory holdings to wider audiences/publicity.

 

Disagree. Because most successful auction houses pride themselves on achieving the highest sell-thru rates as possible, they tend to be highly discerning about consigning cars, and typically insist on only accepting consignments which have “sellable” (i.e. market-correct) reserves. Otherwise, it’s just a waste of valuable (and finite) consignment slots.

 

True. That's often why most of the reputable auctions will only accept large lots, such as full collections, if the cars are sold without reserve. There's no point in taking up 5, or 10, or 20 slots if there isn't a high chance - or guarantee - they'll sell.

Sellers themselves should be even more concerned when choosing their selling strategy - venue, pricing, etc. For one, if there is no genuine (i.e. market-correct) intent to sell the car, they're better off waiting until the market and their price expectations are correctly aligned. More importantly, choosing the right venue is far more important than simply getting the biggest audience. Getting the most eyeballs seems like a great idea, until a seller picks the wrong venue... then all you have is more people watching your car not sell, i.e. something like, say, a BMW 507 on BaT. Online, there's no hiding from a no-sale result, which will follow a car / s/n / VIN around for the rest of its history.

 

^^ Sounds wonderful. Thank you for setting the records straight for me.

I can finally put aside all my misguided (peanut gallery) beliefs and suspicions gathered over past few decades observing that side of the used car sales business/industry(?) and also assume they don’t “typically” resort to chandeliers/shills/etc or any other somewhat questionable marketing/sales tactics they’ve been often suspected of, even by many besides me.

OTOH, if “the highest sell-thru rates as possible” is or was truly the objective, wouldn’t the houses or the entire “industry” insist on not accepting/allowing “reserves” ...
... even if they came from high volume affiliates/associates/consignors ?

Besides, if that “507 on BaT” was truly intended to be sold at chosen (right or wrong) venue and had no reserve to prove the point, it would sell and presumably at its actual “market value”, right ?

I wonder if livestock, etc auctions include reserves to allow gauging of market potentials or opt-out for higher results at next venue ?

 

I sense some sarcasm...

I don't want to dismiss your experience, but the market is significantly different today than it was even a couple of years ago, never mind your previous "decades" of observations.

The internet has changed everything - there are no secrets anymore. Yes, there are more eyeballs, but that can equally mean more witnesses to a failed sale and with sites like Hammerprice, an eternal reference to the same.

Again, your experience may very, but in my opinion, the two worst things to happen to the marketability of a car at this level is either over-exposure, or a no-sale (which is kind of the same thing).