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Join Date: May 2014
Location: SF Bay Area
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Quote:
Originally Posted by JMS935 View Post
I’d imagine this could turn into a larger problem for BaT than for either a single buyer or seller if they don’t act to enforce their legal contract, based on that I’d think that BaT would do everything they can to help close this transaction. I couldn’t agree upon a reserve with BaT on a 930 I wanted to list, so I had to make the decision not to list my car with them for this very reason. This seller apparently took the gamble that if the hammer fell with the price in between their own internal set reserve and BaT’s actual set reserve, that they’re just going to back out of the sale even though they signed a contract. If sellers see that they don’t really have to sell their car at the conclusion of the auction if they don’t like the hammer price (because they never really agreed with BaT’s set reserve), then BaT could have much bigger problems on their hands. With cars not really for sale, the bidders won’t show up. Without bidders showing up, sellers will lose interest as well. I guess what I’m saying, is that BaT really needs to nip this kind of seller behavior in the bud before it becomes a serious problem for their platform. If they choose to do nothing, then sellers will see zero risk in listing their car for only $99 if they won’t really be held to closing the sale if they don’t like the hammer price, because it’s great exposure at the very least for the listing fee. BaT really can’t sit idle on this issue, they need to protect their platform, they need to enforce their legal contract. Otherwise it becomes worthless.
Quote:
Originally Posted by JMS935 View Post
Rey, an eBay auction IS a contract. It would be legally binding if you chose to test it in court. The 930 I didn’t list on BaT went to a dealer on consignment, and yes, we signed a contract. A legally binding contract. Silly me to just assume that BaT conducted business properly.

For those trying to figure out which car, this is it, just search for his handle...

https://bringatrailer.com/listing/1998-porsche-911-carrera-s-3-6-10/

I’d have to say the seller probably felt short changed with the BaT rah-rah cheerleading posse, you know the ones that think every car is worth way more than they really are. All of those post hammer congrats probably killed the sale. Which is why you obviously need a damn contract with the sellers.

All that verbiage and you have gotten the facts wrong with the contract blah blah confusion....

plz, spare my eyes, I can only read that much.
Old 05-14-2019, 10:32 PM
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