03/24/2022
There was a very rare and desirable vehicle that just came up on Ebay for a 7 day auction and a "Buy it Now" price. That price was very very reasonable for what the vehicle was, the current market for that type of vehicle, and the expected continued rise in value over the upcoming years. The vehicle was 1967 Jeep SUPER Wagoneer. Very very rare model with all but the most knowledgeable people in the hobby having no idea what it is or confusing it with the wood sided Grand Wagoneer which is completely different.
In the auction it was stated that the seller has the right to end the auction early, which is a common notation anymore. I had more than one person complain to me that they were bidding on it and then it was gone before the auction ended. "What the hell happened?" What happened is someone contacted the seller, made an offer he couldn't refuse and the Jeep was sold before the auction ended.
Let me give you another example dealing with myself. I had just sold a rare Corvette that wasn't very Street friendly ( a Baldwin Motion 427 Corvette). I decided to just check ebay for grins and giggles for a replacement Corvette that had a better temperament. Just listed, literally 1 hr prior was my dream Corvette, an untouched survivor, very low mileage in like new condition, 1969 427, 4 speed 2 top convertible with factory AC, Daytona Yellow, black vinyl hard top, original white soft top. It already had starting bidding and had a "Buy it Now" price that was very VERY reasonable. I called the party up, asked a bunch of questions and bought the car right then for the Buy it Now price. Other phone lines were ringing while I was talking with people wanting to do the same but were just a bit too late. It, in 2 years has at least doubled in value ( though it will not be sold).
Two different outcomes showing a very important lesson. When looking at purchasing a rare collector car that is for sale, or especially if an auction with a reasonable Buy it Now price. You have to ask yourself, can I pay that price and be happy with the purchase or do I want to risk it and try and get a better deal. The rarer the car or the more it is your Dream Car, the more it becomes a gamble that can break your heart and may never come again. In other words, in this hobby, you have to act fast, and buy a sure thing, or risk it over a few dollars. The decision is yours, along with the end results.
My next post on this topic will be on how to properly secure the deal while protecting yourself.