72caddy

Bullitt Mustang Auctions Today

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19 hours ago, TTR said:

I wouldn’t be surprised to see a car bought new or previously owned  by Santa Claus coming to an auction and breaking all kinds of sale records some day.

 

A red MB right?

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On 1/10/2020 at 3:29 PM, STEVE POLLARD said:

Any mention on who the new owner is ?

 

 

Steve

 

I was there and all I could see was someone else's back. When it hammered down the Auctioneer mentioned something like "congratulations Frank" 

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22 hours ago, JACK M said:

 

A red MB right?

I’m not sure European or other foreign cars would appeal as much to (generally American) masses awed by “celebrity owned” vehicles, so perhaps easier “hook, line & sinker” story could be managed with some run-of-the-mill American car, like Model T, A, Tri-five Chevy or maybe a rusty old Big 3 pickup truck with bright red grille or front emblem. 🙄

 

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Just goes to show how well the economy is doing despite the need to keep the egg-spurts inside the beltway.

 

Wonder what cars the pres has had...

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1 hour ago, TTR said:

I’m not sure European or other foreign cars would appeal as much to (generally American) masses awed by “celebrity owned” vehicles, so perhaps easier “hook, line & sinker” story could be managed with some run-of-the-mill American car, like Model T, A, Tri-five Chevy or maybe a rusty old Big 3 pickup truck with bright red grille or front emblem. 🙄

 

 

For a few years now Santa has been shilling a bright red MB around Christmas time.

The reindeers all got white ones.

  (It was a joke son)

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32 minutes ago, JACK M said:

 (It was a joke son)

Yes, I got it, but I thought all of this, especially the alleged $3.4M Mustang sale is/was a joke. 😉

 

32 minutes ago, JACK M said:

 

For a few years now Santa has been shilling a bright red MB around Christmas time.

The reindeers all got white ones.

 👍 I hear you, but if that's a reference to some advertising in TV, I wouldn't know since I gave up watching it few decades ago.

 

 

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Yes, TV ads.

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3 hours ago, John348 said:

 

I was there and all I could see was someone else's back. When it hammered down the Auctioneer mentioned something like "congratulations Frank" 

I heard buyer was a phone bidder??

 

Hard to believe that the rumor mill doesn't have a new owner's name being thrown around......

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I'm thinking the income gap between the guy who bought the car and me is about the same as the gap between the friend I gave the last car to and me.

 

I saw the movie. Without the chase scene it would be forgotten. Steve McQueen never impressed me. I always looked at a Mustang as a model of the Falcon. My only connection is wearing glasses that look like Bill Hickman's, the driver of the Charger.      And those look like Jack Kennedy's, the reason I picked them. They go well with my Jim Rockford wardrobe......... the motivations we acquire... movies.

 

Bernie

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So is this the one with the destroyed front end or another ?

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1 hour ago, padgett said:

So is this the one with the destroyed front end or another ?

This is the other car; this is the one used for close ups with McQueen.

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3 hours ago, trimacar said:

I heard buyer was a phone bidder??

 

Hard to believe that the rumor mill doesn't have a new owner's name being thrown around......

Yesterday people on the AACA facebook page were saying Manny Paquiao bought it. I can't find the post, it may have been a guess, and I don't really care too much.

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1 hour ago, jeff_a said:

Yesterday people on the AACA facebook page were saying Manny Paquiao bought it. I can't find the post, it may have been a guess, and I don't really care too much.

I don’t really care, except for verifying it was a real sale.  I’m tired of fake auction sales and the resultant hype that goes on with the media.  I heard a rumor it was a questionable sale, and just trying to get facts.  The auction company could have very well guaranteed the family a certain sales number, and now they own it.  Would like to think I’m wrong, but with high dollar egos, having no one coming forward and bragging makes me wonder.  Isn’t this Mustang all about bragging rights?

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Yesterday I was told by a veteran Mecum auction seller who was there that it was not a real sale but who knows really.  I did not see the sale but did the TV cameras pan to the happy buyer like they often do?

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16 minutes ago, Restorer32 said:

Yesterday I was told by a veteran Mecum auction seller who was there that it was not a real sale but who knows really.  I did not see the sale but did the TV cameras pan to the happy buyer like they often do?

 

 

Phone bidder.........no TV shot...............could have guessed. I like Fords, I drive them as daily drivers, and have a 1915 T. That said, as I regular attend most of the big auctions, and see most of the big dollar stuff sell in person or in the back room afterwards, and am rather well connected to the "big car" grapevine..........not only have I not heard any verification that it was a "real" sale.........not one single of the "big" car buyers mentioned the car or the fact it was for sale.........now.......all of the afore mentioned means nothing, but people choke paying a million dollars for established collector cars with comperable sale numbers.............4 mil for a Ford Mustang.............and I like them, and I like the car............I don't see it. If the platform were a factory works job, with total one off fabrication, platform, drive line, ect.......yes............a "stock" car from a movie by the "king of cool" ...........hard to believe. Time will tell.............

 

 

PS- If you know the auction game.........there was NO WAY the car wasn't getting bid to one bump below the real reserve..............to protect everyone involved. The chandelier in most auctions is VERY BUSY bidding on most cars.

 

 

 

 

 

Edited by edinmass (see edit history)
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Whatever may or may not have happened, we're probably not going to hear about it. If it was a legit sale, it's going to be whisked away into a collection where it will never be seen again. If the sale is indeed bogus, Mecum has already bought the car at the final bid, they will act if the deal went through, and will very quietly sell it to someone else without any fanfare, regardless of profit or loss. There's just no way they'd let the marquee lot at their biggest auction, a car that has been hyped for nearly two years in a traveling road show, become a joke. The hit to their credibility would be significant.

 

I've also heard talk that Frank Mecum purchased it for his own collection, but that's unlikely. That would be a pretty substantial breach of ethics in the auction world--would you ever buy from Mecum if you thought you were bidding against the house?

 

I doubt we'll hear anything more about the car, which, by itself, will be strange. There will be no denial or confirmation of anything regarding its sale beyond what we already know, and the guy who ultimately ends up with it will probably have to sign a confidentiality agreement regarding how it came into his possession.

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Ed, I thought it was the Coke machine in the corner that did a lot of the bidding?

 

There have been numerous discussions questioning how Mecum beat out the really big auction houses for a chance to sell this car.

 

I’m thinking that they did so by guaranteeing owner of car a sale of X dollars.  I further think that Mecum this had to buy the car, and that’s why no one has come forward to brag about buying it.

 

Most anyone who shelled out that kind of money for an iconic vehicle would now be beating their chest and shouting “look at me!” in order to get their fifteen minutes of fame.

 

I have no personal knowledge of this, just conjecture on my part.  Time will tell the true story......

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Matt, guess I was typing as you posted, our thoughts are the same....

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Trim: the coke machines are controlled by the CIA.

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1 hour ago, Matt Harwood said:

There's just no way they'd let the marquee lot at their biggest auction, a car that has been hyped for nearly two years in a traveling road show, become a joke. The hit to their credibility would be significant.

Nothing new in the Antique/Classic/Used car auction world. These types of sales are nothing but carefully choreographed marketing campaigns/gimmicks. The pre and post sale “buzz” in the media, both in commercial and social (including this thread), is far more important and valuable to the house than (alleged) final value result of any single lot. Even more so if it’s “televised” which requires very tight control of “perception” and cannot be left for chance of some sort.
 

1 hour ago, Matt Harwood said:

... pretty substantial breach of ethics in the auction world--would you ever buy from Mecum if you thought you were bidding against the house?

Most people choose to believe in these fairytale results and play into the hand of aforementioned “buzz”.

This is how “used car” auction houses portray themselves as relevant and stay in business.

Ethics ? In used car auction business ? I know I shouldn’t generalize, but having seen top-tier operators engaging in rather questionable behavior and practices more than once, why would I expect 2nd (or 3rd ?) tier house be much different.
 

 

1 hour ago, Matt Harwood said:

I doubt we'll hear anything more about the car, which, by itself, will be strange. There will be no denial or confirmation of anything regarding its sale beyond what we already know, and the guy who ultimately ends up with it will probably have to sign a confidentiality agreement regarding how it came into his possession.

Nothing strange. Antique/Classic/Used car auction history, at least as long as I’ve followed it from sidelines (30+ years) has been littered with countless similar examples of highly hyped, unexplainably/unexpectedly high result sales of nothing special cars which then never showed up for display anywhere by anyone until perhaps years later at a another auction venue, consigned by another “anonymous” entity.
 

P.S. Matt, I hope you won’t take above wrong. None of it is directed at you or your business. Just quoting your comments for context.

Edited by TTR (see edit history)

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Gentlemen.......if you think the sale of such a car is interesting.......ponder this..........what makes more money, the actual auction, or the video/TV show?

 

It's amazing that no one talks about the other very, very special sales.............the ones where the auction house ends up buying back the car under legal action/threat of legal action. Now those ARE the best kept secrets , and they are never discussed.........would love to see the contracts for non disclosure on one of them.............they are effective.........because the cars and the deal drop off the face of the earth...............never to be seen or heard of again. 

 

 

PS- The big three auction houses live stream the sale for customers and hobbyists........but we don't see them on TV. Good reason....it's bad business. Real good cars don't need promotion or TV hysterics to sell.......there is usually a long line of willing customers with a check in hand.

Edited by edinmass (see edit history)
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1 hour ago, edinmass said:

what makes more money, the actual auction, or the video/TV show

Good point, Ed.  That's become true of "reality" shows like American Picker, the show is what's making more money for them now than selling  a sign or two, the actual items are just a sideline to get people to buy Antique Archeology merchandise in their stores.  I haven't seen first hand, but understand that the actual "picked" items, if they come up for sale, are very highly priced.

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2 hours ago, edinmass said:

..........what makes more money, the actual auction, or the video/TV show?

 

It's amazing that no one talks about the other very, very special sales.............the ones where the auction house ends up buying back the car under legal action/threat of legal action. Now those ARE the best kept secrets , and they are never discussed.........would love to see the contracts for non disclosure on one of them.............they are effective.........because the cars and the deal drop off the face of the earth...............never to be seen or heard of again. 

 

 

PS- The big three auction houses.......bi=ut we don't see them on TV. Good reason....it's bad business. Real good cars don't need ...TV hysterics to sell.......

See comments about marketing* and TV* on post above yours. 😉

 

... and I've saying these things for years/decades, including earlier on this thread, but most people prefer (bliss of) ignorance sprinkled with fairytale dust as it appears/sounds more exiting than reality.

 

Besides, if cars like "Bull***t Mustang" were seriously viable for great results, any one of the "the big three" (= top-tier) houses would be a first to sign them up.

 

 

* I know fair number of people in both industries and most of them admit how gullible and easy to influence vast majority of general public, including those into old cars**, is. Many of them make or have made fortunes of that gullibility. 

 

** Evidenced by apparent popularity of TV (Reality ?) Shows about buying/selling/customizing/fixing up/etc of old cars. Talk about fairy tales !

Edited by TTR (see edit history)
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