Quote:
Originally Posted by slow&rusty
I recently had an extremely poor experience with Doug Demuro's Cars and Bids website.
I submitted my beautiful 5 speed Porsche 928 S4 and have over $20k in receipts of work done in the past 3 years from full interior refurb, repainted in Guards Red and everything mechanical gone through.
Cars and Bids were extremely excited to list my 928 as it would have been their first 928 and one that is in excellent condition...however they would not budge on the Reserve at $15k as they set the Reserve not the seller. I asked "So what happens if the right bidders aren't in the room when the hammer drops and the high bid is $15,001 ??", their response was "Then you're obligated to sell the car for $15,001"
Based on this it certainly feels like Cars and Bids are manipulating sellers to score a sale and also a positive data sell point. I am surprised that a site owned by Doug Demuro focused on these specialty vehicles does not have a higher degree of understanding.
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The site is there to make money. Doug understands this perfectly. Your vehicle is his product. He wants it to sell so he and his site benefits. No one will use an auction site that has a low percentage of sales stats. Your low reserve means product moves. BAT does the same thing....A friend had the same experience as you. They wanted a give away reserve, he refused, and sold it privately for his asking.