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  • 📣 Your Extensive BaT Feedback & SBX First Auction Results

📣 Your Extensive BaT Feedback & SBX First Auction Results

PLUS: Brand New Look & Name For Sotheby's Motorsport

The Daily Vroom

Good morning, Vroomers!

Yesterday was a whirlwind day in the world of online auctions, and I’m here to catch you up on all the excitement! 😀 So, grab your coffee, sit back, and enjoy all the juicy details in today’s edition. Let’s dive into what happened!

MARKET LEADERBOARD

💰 The figures shared below don’t count any other sales such as car seats, memorabilia etc… All online auction sites are analyzed to put this leaderboard together.

I only include websites that have sold 5+ cars in the chart below.

Yesterday we saw 150+ cars sold across all platforms with $5.5m worth of vehicle sales, which is just about average for a Wednesday sales day. It could have been a lot more if some of the big sales (see below) had sold.

YESTERDAY’S TOP 5 SALES

What are the odds that the top 2 sellers yesterday were both Ferrari 488’s? Clearly there is a market at around $500k for this car over in the Europe and here in the U.S. Special hats off to Cars & Bids who have featured for the first time in a while in the top 5.

To view each listing, please click on the cars.

2019 Ferrari 488 Pista $512,000

2019 Ferrari 488 Pista Piloti $497,420

2019 McLaren 720S Performance $211,000

2022 Lamborghini Urus $206,640

2023 Chevrolet Corvette Z06 Convertible 3LZ Z07 $183,000

Your BaT Feedback

Yesterday we asked the question ‘Do non-constructive comments on car listings discourage you from participating in BaT auctions?’

The results flowed in with probably our highest feedback yet!

38% of you felt it didn’t discourage you, whilst 30% of you felt it did. With the rest of you we’re either somewhat discouraged or indifferent. Because we had so many comments, I couldn’t showcase them all, but here’s a largeish selection.

Auctions with a high volume of negative feedback indicate a public perception problem that affects its value. This is valuable information to a prospective buyer. If they still really want it, they at least know it may not resell easily.

There are always people who want to denigrate every thing they see. I don’t know why but it seems to make them happy. So we just have to flag them for what they are and move forward.

As a seller, which I have been, the non-constructive comments still expect a response, or it can escalate even more. There is nothing worse than trying to respond to a non-constuctive comment politely before it spins out of control. And it does nothing to help sell the car, it's just noise. BaT knows who the bidders are, who the sellers are. Filter the rest of the riff raft out of the comments.

I think most people see non-constructive commenters for what they are, trolls.

This has always been an issue in open forums. Understanding this, I always find the comments interesting and take the information shared with a grain of salt. It often the noisiest that gets the most attention, that said I research that individual to see if they have an agenda and why. Usually that solves the issue and allows me to move on informed.

They have caused me to wonder about listing my F355.

I think the comments are constructive on excellent condition cars and helpful on less than good cars. One can easily pass the chaff and read only the informative comments. My BaT "agent" has done a admirable job of selling for me on BaT. The cars were excellent examples and he got top dollar and the comments section really helped sell those cars.

All it takes is one listing of a good car, one "nay-sayer" who in turn brings more "nay-sayers", one "Know it all" (who brings other know it alls competing for who is the "Best" Know it all) and one Seller kindly worded rebuttal equals ONE BIG WASTED OPPORTUNITY to sell a good car.... with comments and poor results that never go away.

I have sold several car on Bat and the most recent car I sold from my collection I sold on Hemmings regular online ad and it sold for what I wanted in 24 hours. On Bat you get the guy in his mothers basement that has posted 3,000 comments, that has never sold, bid or bought anything on Bat ,posting negative comments on your car .I will no longer sell on Bat. I have collected Porsche and Mercedes for the past 45 years and as a hobby feel that I am somewhat knowledgeable on these cars. I was going to sell a 1956 356A and contacted Pcar to try their auction,I was pushed to lower reserve and then they sent a photographer{as they will only list with professional photos.]They charged $375.00 for photos and upon talking to photographer he was being paid $150.00. Needless to say if they were trying to make $225.00 on photos I decided I would not deal with them as I had no faith in the way they conducted their business and would not list the 356 with them and I paid photographer myself for his time and travel.I sold the car myself and the gentleman and his wife flew from Virginia to Denver he inspected the car and test drove and we made the agreement and he wired the funds the following day and arranged transport and car was delivered.

Ever since car forums started there has always jerks, even psychos, that don't have a construction bone in their body. They also don't have many friends or something else to do. It makes them fell important and unless BaT closes who can chat, there will always be jerks that don't care about anything else but themselves.

While I personally have seen comments, that should be omitted. I have found ways to deter such. BaT in turn is GUILTY. I have written, as many others have, and their comment section of particulsr cars several times as well as BaT's facebook/X platform asking, that they describe vehicles correctly, ref REFURBISHMENT/RESTORATION. Two complete different operations. BaT REFUSES to use, literally, the word Restoration, and has said as much. This shows a total disregard/disservice to potential buyers. Maybe BaT should flag themselves every time, which is always describing a total frame off restoration as a two or more years refurbishment.

I once went to a local meetup for people from The Gear Page, which focuses on guitars, amps, and other gear. The revelation I came away with was that the most prolific commentators on the forum actually owned none of the gear of which they spoke so authoritatively. They, in fact, were terrible guitar players. They were only in it for the debate and to get some sense of self worth out of having the most quoted, liked, or controversial comment. Soured me for good on online communities.

As a seller, I find BAT to be a lot more trouble than other auction sites due to the sheer volume of comments that need to be responded to as well as the need to "politely" respond to the a-holes in order to keep the auction on track.

Sotheby’s MotorSport Rebrand

Sotheby’s Motorsport have been rebranded to SOMO. Here’s what their newish President Colleen Cash had to say.

It’s been an extraordinary eight months since the launch of Sotheby’s Motorsport, and, in homage to the nimble nature of our digital platform, we want to stay at the cutting edge of what we do, from setting world auction records, to launching innovative partnerships, to optimizing how our platform looks and feels.

To that end, we are excited to share that Sotheby’s Motorsport is now SOMO. With a refreshed site experience and a name that suits the way we operate—with speed, verve, and a bit of fun—SOMO will continue to bring you best-in-class online auction opportunities with a more modern flair. 

You’ll see that our homepage now incorporates this new look and feel, and over the coming weeks you will see this revamped design continue to roll-out across the entirety of the SOMO site.

Stay tuned as we bring to the virtual auction block selections from the storied James Gilstrap collection and a host of other low-mileage, high impact rare, super, and exotic cars.

Here’s my take on the matter:

The name SOMO definitely marks an improvement—it simply rolls off the tongue, making it far easier for people to recall and pronounce. When it comes to the updated design, I’m genuinely impressed. It’s not only more modern but also features a brighter, more inviting color palette that enhances the overall vibe. This redesign seems to reflect a fresh, forward-thinking approach that could significantly resonate with a contemporary audience.

SBX Cars Auction Results

It was a challenging first day at the auctions for SBX Cars. As evident from the image above, only one out of the eight auctions that concluded yesterday was successful, with the 2017 Rolls Royce Wraith Black Badge selling for $201,000. Launching online auctions is a daunting task for anyone, irrespective of the size of their community. This is particularly true when introducing a new high-end auction platform.

However, there’s no time for the team at SBX Cars to dwell on this setback. They need to regroup and refocus their efforts on today’s auctions. Will today's results be more promising? Only time will tell…

Auction Spotlight

It seems that Collecting Cars has been finding lots of Morgan 3 wheeler listings. We have seen them end up in unlikely locations like NYC and Australia, and more likely locations around the UK and along the Pacific Coast Highway. Dubai was not on my list of locations that I would expect to find one. The small windscreens offer little shelter from the sun and sand, but they do appear to be covered with protective film. The lack of miles and of any sign of scratches anywhere on this vehicle indicate limited use. 

This is a really cool S/T recreation with lots of documented history across Canada, the US, France and England. I would love to see the documentation and ownership history a little more detailed, but it seems that this car was loved by passionate owners throughout its 50ish years on this planet.

Would you buy this and race it as is, or would you try to restore its little imperfections? I have a feeling the reserve is set well higher than current bidding, but I would love to buy this affordably and drive the piss out of it, if no one else steps up to the plate.

I love the clownshoe. I remember sitting in one at the New York Auto Show and wondering how they got senior management to approve such a cool build. This one, in black with tinted windows, has a bit of a Harold & Maude vibe to it. I like it...

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