Can this be explained to me?

[shelbymann1970]

George gave us a nice take on this car. So a serious buyer for a 67 sees this car. Knows the condition and knows the reserve price(has to be close to their "in dealer asking price") and determines that it is way higher than they are willing to pay then why would they bid? Most serious buyers I would hope would have a car of that price(150K) evaluated by themselves or an expert. How do we know how many did that and moved on? My experience seeing cars from this dealer is that they are the typical over priced car dealer looking for out of country buyers who might pay more than the going rate for a number of factors. It appears to me the bidders on this car were just nibblers and not serious buyers. Gary

[shelbydoug]

That auction has no significance at all.

[George Schalk]

It seems the more times a car is listed in an auction, such as this feebay auction, there tends to be less bidders and less bidding each time.  Shill bidding is not uncommon in an auction to help drive the price up or create some action on the car.  I'm sure I'm not the only one that went to look at this particular Shelby.

[5s386]

It also appears to have a replaced left front fender?

Looks like this was sold at the Gooding & Co. car auction in Scottsdale, Az.
January 2015 (Lot 6)  67200F9A02383  $126,500. "SAAC member restored"

[shelbymann1970]

It seems the more times a car is listed in an auction, such as this feebay auction, there tends to be less bidders and less bidding each time.  Shill bidding is not uncommon in an auction to help drive the price up or create some action on the car.  I'm sure I'm not the only one that went to look at this particular Shelby.

I have sold a few cars on Ebay. The last 2 were BIN in 2009(73 vert survivor) and 2013. The 2013 was my 68 Shelby. A guy hired Ken Costella to appraise it. Ken, who I have known for well over 30 years, gave me his appraisal price for auction and private sale. My listed price was about 4 K higher than his top figure for a private sale. I listed the car 4 times and never "technically" sold it on Ebay but did to a person who saw it there(for my top private sale price). If it didn't sell that 4th time it was getting a Paxton from CC. Shipped it to France. That guy put a Paxton on it and sold it there(he restores 67-70s and also XKE Jags). Ebay has been a good avenue for me to sell or advertise cars but I think BaT will be in the future from now on but I don't exactly sell cars all the time. LOL Gary

[shelbydoug]

It also appears to have a replaced left front fender?

Looks like this was sold at the Gooding & Co. car auction in Scottsdale, Az.
January 2015 (Lot 6)  67200F9A02383  $126,500. "SAAC member restored"

I'm not surprised. If someone asked me privately for an opinion I'd tell them it depends on how much you want it.

Forget about getting it for even just a hundred. It should bring somewhere in the 115 to 125 vicinity. Try and make a deal for it there.

66 is a teenager's wet dream. It has no significance except to that teen.

[GT350DAVE]

The seller's contact information is clearly in the eBay add and no one would seriously bid with the ability to talk directly to the seller. The seller was putting it out there on eBay to get free advertising. The car had tremendous interest when it was originally listed and if it had been the "11,939 mile factory original" it was advertised as would have sold immediately and been a bargain for the purchaser.
It isn't that and I believe the wording of the add hurt it.
I saw this car many years ago and at the time it needed a restoration. Obviously it received it. I always recommend that a 1967 Shelby be evaluated by an expert before purchase. If it has it's original drive train and the restoration work was done properly it could be a nice car for someone. There were only 55 red 4 speed GT 350's built in 1967.

Dave

[nctrucks]

And how many lime green cars that were painter red?

[roddster]

  All of them......

[S7MS427]

Not all.  Mine got painted Nightmist.

[427hunter]

I think we should start a new forum section for pointless threads, this one should be included.

[67 GT350]

That auction has no significance at all.

It might have significance it it ended at 200K, but nothing to see here, at 66K....funny.

[427hunter]

Since some of our friends appear very confused about reserve auctions, I will try and explain.

Let say a person wants to sell an item.

They determine how much money they want in order to part with it.

If the predetermined amount is not reached the item does not sell.

The item is then relisted.

This may to be hard to understand but sometimes it takes time to sell something.

[67 GT350]

Since some of our friends appear very confused about reserve auctions, I will try and explain.

Let say a person wants to sell an item.

They determine how much money they want in order to part with it.

If the predetermined amount is not reached the item does not sell.

The item is then relisted.

This may to be hard to understand but sometimes it takes time to sell something.

Exactly, great way to determine market value on ebay. Maybe not BJ or Mec, because of the hype.

[Bob Gaines]

Market value can be established typically by how much something sells for and not what it bids up to. That is because it is too easy to falsely bid a item up to give a appearance of value. Auction houses can legally (some more then others  ) shill bid a reserve auction up to what they think the market value is. Their rational is to protect the value of the car for the seller because a buyer was not in the house to bid on that particular day.