High End Classic Car Contracts - is this how the big guys do business?

01rangerxl

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If it's that awesome and valuable, I'd definitely put it on Bring A Trailer. Screw those "I'll only buy it if nobody else knows about it" people. No way. Maybe I don't understand rich people stuff, but base model 1980 F-Series and K10s with 4WD have sold for nearly* six figures on BAT. I'd tell them get out of here with that secret club BS and give me the most money if you want it.

And being obligated to provide "pedigree" information after the sale? No. Ask all questions you want to ask before the deal is done.

I couldn't deal with all that. I'm glad my Deluxe Marti Report pedigreed Eddie Bauer 2-door Explorer is enough for me. 🤣

 
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SammyChevelleTypeS3

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A 30 year car buddy of mine has a very unique and valuable classic car that he inherited (fully original and unrestored, and documented
to the hilt....sitting covered since the early 1960's). This is typically the kind of car the Big Players spend $500K on a restoration and go out and win trophies with. He's being told by multiple "connected" sources that his car will be unsaleable to the high end portion of the car market if he dares to place it for sale on EBay Motors, Major Auctions like BJ or R&M, or anywhere else. He was told all the big guys only buy their cars in secret, behind the scenes. They will never buy such a car once it has been openly exposed for sale or auction.

What makes this even more interesting is that one of the well known agents/researchers in this market has been trying to work up a deal with him on the car. They DO have a price they can work with. However, the potential buyer has mentioned there are a number of documents he will be providing that will need signatures from the buyer. The docs would include non-disclosure agreement, some sort of research and pedigree assistance from buyer....even into the future after the car is handed over, and other requirements.....some yet to be named. Despite numerous requests by the buyer to see these documents the seller just ignores him and keeps pushing for a verbal agreement. I'm thinking this potentially opens up my friend to litigation down the road (and $$ claw backs) if for some reason he fails to meet some term in the document....disclosed, undisclosed, vague, etc.). Whatever happened to the bill of sale stating "purchased as is" and handing over a good title/registration to prove ownership? I can't mention the car or any specifics because it might violate the potential buyer's terms that the car remain unknown to general hobby until purchased by them. Still, the car is listed in a major Registry since the 1960's....so it's not totally unknown to the hobby.

Anywhere have a handle on what goes on at this level between the Billionaire Buyers and potential agents/brokers/advisors/authenticators ?
Sounds like possibly a 1930s era Cord automobile.... there are some amazing autos that were made (mostly celebrity owned) in the 30s and 40s.
 

69GTX

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If it's that awesome and valuable, I'd definitely put it on Bring A Trailer. Screw those "I'll only buy it if nobody else knows about it" people. No way. Maybe I don't understand rich people stuff, but base model 1980 F-Series and K10s with 4WD have sold for nearly* six figures on BAT. I'd tell them get out of here with that secret club BS and give me the most money if you want it.

And being obligated to provide "pedigree" information after the sale? No. Ask all questions you want to ask before the deal is done.

I couldn't deal with all that. I'm glad my Deluxe Marti Report pedigreed Eddie Bauer 2-door Explorer is enough for me. 🤣


The BaT "younger" crowd seems to be more in tune with 80's and later cars.....maybe even back into the muscle car period of the 70's and later 60's.....especially "sleeper" or under-appreciated cars that at one time were very popular as daily drivers.....or so "unpopular" that very few survived the 80's and 90's. But I didn't think they had a strong following for cars from the 20's to 40's. My friend is well aware of the crazy prices BaT can bring at times because he sends the listings to me all the time. If there was any reasonable chance that would work on his car he'd probably jump on it. And it seems like BaT is now more a site for well done restorations, or low mileage and nicely driving originals.....maybe not so good for cars that might have to be dragged or winched on to a flat bed. My friend would be meticulous in his detail and presentation and I'd bet he would be bumping heads continually with the BaT Admins on the description and features of the car....of which they will be pretty clueless. At the same time, I wouldn't rule it out.

https://www.hagerty.com/media/buyin...l-your-car-absolutely-but-pack-your-patience/

Yes, this car is definitely one of the high end classics of the golden era of car-making. But also an era that is waning since to many of its collectors are now in their 60's to 80's.
 
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