The Murky World of Resurfacing Sales

The Daily Vroom

Hey Vroomers!

We’re just wrapping up a big weekend on the road, spending tons of time with the community. Tomorrow, we’ll dive into the details of some incredible cars we saw and the wild driving that went down. But for now, here’s a quick hit on yesterday’s auction highlights.

See you tomorrow,

Sam

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+ vehicles in the chart below.

Yesterday's market leaderboard got me thinking. We're seeing 3 platforms from the UK and only 2 from the US on our leaderboard. That's crazy to me. With our population of 330+ million compared to the UK's 65+ million, and all the well-known brands we have in this market, why aren't our platforms performing better?

Looking at this from 30,000 feet, it's clear what we've been saying all along. US platforms like Hagerty & Hemmings lack that laser focus on making their auctions the absolute best they can be. They need to attack this like it's their only source of income. I guarantee you, if they did that, we'd see a whole different picture.

Now, I'm not saying these platforms don't have some good things going for them. But let's face it - auctions aren't their bread and butter. They're not losing sleep over whether this becomes a success or not because they've got other successful parts of their business to fall back on.

I really wish both of them (and I don't mean to single them out) would run their online auction platforms like it's a matter of life and death. There's absolutely no reason why the UK should have anywhere near the number of successful platforms that we do here in the States.

I've got to give huge props to the UK platforms for being so damn reliable day in and day out. Sure, they might not be pulling BaT numbers, but they're consistent. Who knows where they might go from here? Just look at Collecting Cars - they're consistently moving high-end vehicles across the globe.

We need to step up our game, plain and simple.

YESTERDAY’S TOP 5 SALES

Days like yesterday are what get me pumped about this auction game. When we see a mix of platforms hitting those top 5 sales, that's when things get interesting. I mean, how often do we see BaT not sitting pretty in the number 1 or 2 spot? It's rare…

Big ups to Collecting Cars and SOMO for swooping in and grabbing those top two positions. That's no small feat. And let's not forget PCarMarket snagging the number 4 spot - with a Porsche, of course. I mean, was it ever gonna be anything else with those guys?

This is the kind of shakeup that keeps the market exciting. It shows there's room for different players to make waves and that no one's got a monopoly on those big-ticket sales. It's a good reminder that in this game, you've gotta stay on your toes. One day you're on top, the next day someone else is gunning for your spot. And maybe just maybe we’ll feature SBX here tomorrow with their latest auctions ending today.

Want to dive deeper into any of these listings? Just click on the car to take you directly to the listing.

2022 Mercedes-AMG GT Black Series $366,000

2023 Porsche 911 Carrera GTS America Cabriolet $251,000

2018 Porsche 911 GT3 Touring $191,000

1997 Porsche 993 Carrera S Coupe $185,000

1998 Acura NSX Coupe $175,000

Dino Drama: Locked Out Bid Sparks Backroom Auction Intrigue

So we've got this whole drama with our seasoned buyer getting locked out in the final seconds of bidding on this sweet '72 Dino. While everyone's busy giving him a hard time about BaT rules and tech issues, there's a bigger game potentially unfolding here.

Now, our guy wasn't the top bidder - he claims he was going to throw down $341k, but the auction ended at $338k. Here's where it gets interesting: BaT has this "make an offer" feature for the highest bidder. But our locked-out friend is hinting with his "Let's see what garage this goes in" comment that he might still be in the game.

What we could be looking at here is the seller potentially orchestrating a little off-platform bidding war. On one side, we've got the official high bidder with their "make an offer" option. On the other, we've got our guy who couldn't get his bid in but is clearly still interested.

The seller mentioned being "so close" to the reserve. With our locked-out bidder claiming he was ready to go $3k higher, there's definitely some meat left on the bone here.

So while everyone's focused on the technical snafu and BaT rules, the real action might be happening behind the scenes. The seller could be playing these two interested parties off each other, trying to squeeze out those last few grand to hit their reserve.

This is a classic reminder that in high-stakes auctions like this, what you see isn't always the whole story. There's often a whole other level of dealmaking happening off-platform. It's this kind of stuff that keeps the collector car market exciting - and sometimes a little murky.

Just goes to show, in this game, it ain't over till the papers are signed and the car's in someone's garage. And even then, you never know the full story of how it got there.

What percentage of high-end car auctions do you think involve some form of off-platform negotiation or "backroom deals"?

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Back on the Block: The Murky World of Resurfacing Sales

We were just talking about the murky world of behind-the-scenes sales, and here we go again. This 2005 Hummer H2 is back on the auction block after it was sold just a few weeks ago on BaT for $27,500. But, surprise surprise—the seller pulled out at the last minute. If you’ve been in this game long enough, you know it happens more often than anyone likes to admit. And now, here it is again, ready for another go.

What makes this even more interesting is that we already know what it went for last time, so watching the final bids this time around will be worth the popcorn. With no reserve, anything can happen. These kinds of stories—where deals fall apart behind closed doors—just remind you how unpredictable this market can be.

It’s the same Hummer, same California history, but this time, all bets are off. What will the bidders think now that they know the seller pulled out before? Will it drive the price up or down? We're about to find out if the second time’s the charm for this rugged beast. Keep an eye on this auction—it’s a perfect example of how wild this scene can get.

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