The Ford Barn - View Single Post - Auction of Gene Hetland's mostly '32 parts

quickchangeV8 · 05-21-2021, 08:00 PM

The auction I was referring to was the online auction of parts and not the 1932 Ford cars and other vehicles that were also up for auction. The auction I was referring to is the first posting in this thread and was made up of about 500 or so lots. 23% premium on top of the hammer price, on top of the probable 10% auction fee charged to the seller is just far too high. Some of theses auction companies have figured out that some vintage car buyers and vintage car parts buyers are willing to pay almost anything to acquire that special car part or vehicle. So guess what happens next. They jack up fees buyers premiums etc. and find they can get away with it, because some people are happy to pay these crazy prices.

This online auction could have been held with a minimal staff involved and the profit margin had to be high.

I for one simply will not pay these crazy high fees. The high prices and money gouging prices are just going to ruin our hobby. Our young people simply will not continue the hobby and everything will come to an end.

05-21-2021, 08:00 PM	#64
quickchangeV8 Junior Member Join Date: Oct 2016 Posts: 23	Re: Auction of Gene Hetland's mostly '32 parts The auction I was referring to was the online auction of parts and not the 1932 Ford cars and other vehicles that were also up for auction. The auction I was referring to is the first posting in this thread and was made up of about 500 or so lots. 23% premium on top of the hammer price, on top of the probable 10% auction fee charged to the seller is just far too high. Some of theses auction companies have figured out that some vintage car buyers and vintage car parts buyers are willing to pay almost anything to acquire that special car part or vehicle. So guess what happens next. They jack up fees buyers premiums etc. and find they can get away with it, because some people are happy to pay these crazy prices. This online auction could have been held with a minimal staff involved and the profit margin had to be high. I for one simply will not pay these crazy high fees. The high prices and money gouging prices are just going to ruin our hobby. Our young people simply will not continue the hobby and everything will come to an end.