Quote:
Originally Posted by JMS935
You are referring to me. I think some of the selling prices on BaT are totally ridiculous. And yes, I think it’s almost a consistent thing as well. It almost seems like people are willing to pay more simply because it’s on BaT. To me, there’s definitely a BaT premium, which is great for BaT, but not for buying a car.
It’s great for a seller if you can handle the constant stream of questions/concerns coming your way for a week, and many times they’re not even from someone interested in bidding (really annoying).
But as a buyer, it’s about the worst way to buy a car. Paying over market at hammer (most of the time), then add on another 5% to BaT, and then close the deal without a PPI. That’s just totally stupid in my book.
I enjoy watching the ridiculousness of the peanut gallery though.
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I agree.
Although I will say, as their volume goes through the roof (currently around 135 auctions running) prices seem to be slipping a bit. E.g. The 71,000 mile G50 Targa that went for $38 today).
That's dangerous for bat. They insist on very low reserves, which sellers like me have not minded, because we know how ridiculous bidders have been.
But I have lost some faith in that. They offered to list my G50 for a $35k reserve a month ago. I sold it elsewhere for $20k more than that. Would it have done better in bat? I'll never know, but I don't think so.