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Author Topic: RER Bike shop closed auction: Monroe, CT  (Read 12394 times)
Monsterlover
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« Reply #15 on: October 19, 2009, 05:09:46 AM »
Anyone that's close and can go should go.

Bring cash too and be ready to spend it.

I went to a Duc dealer auction here and bought some things for resell.  Some things I got a good deal on.  Others, not as much but I still made money.

The trouble with this is that everyone will come out of the wood work and sometimes the bidding will go nutty.

Don't let that stop you.

I bought a brand new ie Monster tank for $120 and withing 30 seconds of the win sold it to the guy bidding against me for $160 laughingdp

I hadden't even paid for it yet Cool

Things to look out for are tools, gear (even if it doesn't fit you, it will sell) signage etc.  Stuff you normally don't have access too.
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ducatiz
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« Reply #16 on: October 19, 2009, 05:36:57 AM »
Quote from: Monsterlover on October 19, 2009, 05:09:46 AM
Anyone that's close and can go should go.

Bring cash too and be ready to spend it.

just be advised this auctioneer charges a 13% buyer's premium or 10% if you pay cash.

it's bullshit but it is commonly done nowadays to reduce the premium charged to the seller.  it just means to bid accordingly.
« Last Edit: October 19, 2009, 05:39:14 AM by ducatiz » Logged
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Monsterlover
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« Reply #17 on: October 19, 2009, 05:38:26 AM »
10% is a little high I think.

I think 6-7% is normal around here.

Maybe it's regional?
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"The Vincent was like a bullet that went straight; the Ducati is like the magic bullet in Dallas that went sideways and hit JFK and the Governor of Texas at the same time."--HST    **"A man who works with his hands is a laborer.  A man who works with his hands and his brain is a craftsman.  A man who works with his hands, brains, and heart is an artist."  -Louis Nizer**
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« Reply #18 on: October 19, 2009, 09:47:21 AM »
I've never been to an auction in New England where a "buyers premium" wasn't charged.
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« Reply #19 on: October 19, 2009, 09:55:53 AM »
interesting

i've only seen it down south a few times and usually much lower.

it is a bad idea, people end up paying less and the seller gets less.  it only works if the buyers are not paying attention...

http://townsend-real-estate.com/Buyers_Premium.htm
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"Yelling out of cars, turning your speakers out the window to blast your music onto the street, setting off M-80 firecrackers, firing automatic weapons into the air—these are all well and good. But none of them create a merry atmosphere of insouciance and bonhomie quite like a revving motorcycle.
Monsterlover
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« Reply #20 on: October 19, 2009, 12:38:53 PM »
It's how auction houses make their money.

The seller doesn't get less, you just pay more.

The extra goes to the auction house for setting up the auction, tagging everything and handling the money.

10% seems high to me, but ive seen that before.

It could still be a deal.
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"The Vincent was like a bullet that went straight; the Ducati is like the magic bullet in Dallas that went sideways and hit JFK and the Governor of Texas at the same time."--HST    **"A man who works with his hands is a laborer.  A man who works with his hands and his brain is a craftsman.  A man who works with his hands, brains, and heart is an artist."  -Louis Nizer**
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« Reply #21 on: October 19, 2009, 03:11:39 PM »
10% is the cash number, 13% for CC...
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ducpainter
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« Reply #22 on: October 19, 2009, 03:21:10 PM »
Quote from: Monsterlover on October 19, 2009, 12:38:53 PM
It's how auction houses make their money.

The seller doesn't get less, you just pay more.

The extra goes to the auction house for setting up the auction, tagging everything and handling the money.

10% seems high to me, but ive seen that before.

It could still be a deal.
I think 'tiz meant people end up 'spending' less because of the fee.

I agree the 10% premium on cash is high
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"Once you accept that a child on the autistic spectrum experiences the world in
 a completely different way than you, you will be open to understand how that
 perspective
    is even more amazing than yours."
    To realize the value of nine  months:
    Ask a mother who gave birth to a stillborn.
"Don't piss off old people The older we get, the less 'Life in Prison' is a deterrent.”
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« Reply #23 on: October 19, 2009, 05:39:32 PM »
I want that '08 CRF230, great little enduro.....
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ducatiz
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« Reply #24 on: October 19, 2009, 05:46:53 PM »
Quote from: ducpainter on October 19, 2009, 03:21:10 PM
I think 'tiz meant people end up 'spending' less because of the fee.

I agree the 10% premium on cash is high

right, they spend less and as a result, the seller gets less.

if i gotta pay an extra 10% i am gonna bid less...
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« Reply #25 on: October 20, 2009, 08:26:01 AM »
Looks like at one time it was a busy dealership. 
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« Reply #26 on: October 20, 2009, 09:41:52 AM »
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Looks like no one was watching inventory levels or really running that business!

Looking at the photos it seems to be true
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« Reply #27 on: October 20, 2009, 09:52:30 AM »
Quote from: ducatiz on October 18, 2009, 06:59:32 PM
i saw that, but that CX500 turbo is hawt...

Somebody here buy that...Please!

One of my best friends has the exact same bike with 5800 miles on it & people offer crazy money for it.   

He put that I get it in his will.  I, of course, do not want to lose a friend of 20yrs ...but, note to self: Do NOT piss him off.   laughingdp
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« Reply #28 on: October 20, 2009, 08:07:08 PM »
Quote from: Ducaholic on October 20, 2009, 08:26:01 AM
Looks like at one time it was a busy dealership. 

it was, my cousin used to go there all the time. I was there several years ago and it was a very busy shop.
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« Reply #29 on: November 17, 2009, 03:28:14 PM »
Auction is tomorrow. Anyone going? I'll be in Hartford unfortunately...
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