Quote:
Originally Posted by SalParadise
Adam knows the game because he's learned the game. Someone with values and dignity will win the race - eventually. If Adam decided to sell his 'sold' stuff to higher bidders word would get out pretty quickly and there would be consequences in future business. This is just common sense.
I've left money on the table on a lot of things. Sometimes I wanted to get top dollar, other times I let things go for a fair price that was less than market. Sometimes it's not always about money (at least for me), but then again I've had that luxury of enjoying cool things and moving on - sometimes just breaking even.
Too bad Fred didn't get the car. Doesn't surprise me. I didn't want to think the way I did when he left the check. I suspected there would be shenanigans that would take place - and they did. It's what happens when something gets moneyed. People mine it out as well as their dignity. It all goes out the window.
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I was at a race last fall and a guy walked up and introduced himself, said he had been looking for a 356, but was pretty sure he had been priced out of the market. I told him I could be on the lookout for him and he asked me a normal question, but it's kind of the way he asked that made me bristle. He asked why when I auctioned cars, they "always" went for more, implying I think, that there was something funny. I blankly looked at him, took his question at face value and proceeded to tell him that I had been doing this long enough to have my name known in the Porsche community as a stand up guy who is honest in my dealings and descriptions. When a guy on another continent is bidding on a car sight un-seen he knows it will arrive exactly as I described it, so he bids all the way, doesn't hold back like he would with someone else. Well, you get three guys bidding all out, and you can count on a higher return. I'm 43, have been doing this in the Porsche world for well over a decade, but Matt and I were doing this with Jetta's and GTI's when we were 17 and 19, so we know how to play the long game. I plan to be doing this when I'm 70, and the only way to do that is to do it right. Individual seller's going back on a deal happens all the time, and there is nothing those in the business can do, but when people in the business get funny, they find they get frozen out real quick, they usually move on to Vette's, or Jags, or something.
Here's an article I wrote about the long game vs. the short game, it's enlightening to those who might not see behind the curtain much.
https://www.pca.org/news/2017-03-28/barnfinding-long-game-vs-short-game
---Adam