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Duesenberg Model J visit Birthplace of Fred & Augie
- Cargirl
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The story is this: My client bought the car from the last owner as an investment. He was not at the time a big fan of the cars but has, over the last year, grown to love them as much as we all do. That said, when he was approached by Bonham's to put the car at auction he agreed. These are his own words as we just talked about it again yesterday:
[i:3hxb2r5z]Point is, that Bonhams advised prior to the auction, that the car would go for 1.6 ? 1.8 mio euro. There was a reserve at 1.6.
At the auction itself I had the feeling something wasn?t right. The bidding for the 1.35 came by phone. Bonhams told me they couldn?t guarantee the credibility of this ?buyer?, because he is unknown to Bonhams?.
Depending on what I had experienced so far from the moment I set foot in Paris (after very, very long negotiations prior to the auction), I had the feeling there would be funny surprises if I would have said yes to this deal.[/i:3hxb2r5z]
[i:3hxb2r5z]So, Pim and Duesie lived happily ever after?.
BTW, the original engine is still mounted. Don?t know where that comes from?
[/i:3hxb2r5z]
So I have spent an entire year trying to convince him and teach him about the market for Duesenbergs. I am lining up interested buyers for him to meet at the festival and have told him that these meetings, and the auction results we are about to see from Monterey - should help us find the right price for his car.
Randy Ema knows this car. It is a good, solid car with a very honest and nice seller who has been mislead. I am going to send him this thread. Hopefully it will help educate him even further.
See you all at the Festival.
Kelly
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- Mike Brady
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If you have the opportunity to study cars he restored 20 or more years ago in comparison to others....his work is outstanding. Of his few customers, most are repeat customers.
If one were in the market for an older restored MCC, I can see justification for a premium on a Sherry restoration.
His quality of restoration is the only reasonable explaination that the supercharged 812 CC he restored for a Michigan customer (in unusual colour) brought near record auction price.
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- Bob Roller
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Usually the "Shill" or inplanted bidder will start the bids and if a higher bid is offered,he stays quiet. As far as buyer's fees are concerned,it is possible that an arrangement has been made among the different parties.
As I said before,I despise auctions and am convinced that they have raped the hobby. If anyone who has something for sale can't figure out how to sell it without involving people with whom he or she has NO history (strangers) then there is a major problem. Major money has been lost that way and it is documented.
Bob Roller
Bob Roller
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- Chris Summers
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Last I knew the car in question was still for sale in the Netherlands, as you mentioned. A friend in the club visited it and said its restoration was still holding up extremely well, given its age. Harry Sherry does nice work.
Chris Summers
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- landmark
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Bob Roller wrote: Matt,
Here in America it is not uncommon for bids to be made by people who can't afford lunch but are paid to make them on cars and a host of other items. They are called "Shills". This artificial inflation does the hobby NO good and I personally have a bad view of auctions of any kind. If somene has an item to sell,tell me the price and if it isn't ridiculous,I'll buy it. The car hobby seems to be one continuing auction and it takes me about 3 seconds to lose interest in matter what car is up on the block. I don't watch them.
Bob Roller
Hello Bob,
what I don't understand is, when a "Shill" "buys" the car (back to the owner/seller) there would be nevertheless the buyers fee (10%?) of the biddingprice to pay to the auctioneers company...
Or is there a collaboration/gentlemen agreement :rolleyes: between seller and auctioneer?
Matt
Was man besonders gerne tut,
ist selten ganz besonders gut
Wilhelm Busch
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- Bob Roller
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Here in America it is not uncommon for bids to be made by people who can't afford lunch but are paid to make them on cars and a host of other items. They are called "Shills". This artificial inflation does the hobby NO good and I personally have a bad view of auctions of any kind. If somene has an item to sell,tell me the price and if it isn't ridiculous,I'll buy it. The car hobby seems to be one continuing auction and it takes me about 3 seconds to lose interest in matter what car is up on the block. I don't watch them.
Bob Roller
Bob Roller
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- landmark
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Chris Summers wrote: Hi Matt,
The more you study these cars, the more you'll learn not to believe everything you see. Take it as advice from someone's that been there.
I think I got what you and alsancle mean <!-- s8) --><img src="{SMILIES_PATH}/icon_cool.gif" alt="" title="Cool" /><!-- s8) -->
But I can not imagine that such attempts to keep prices high work in a longer therm...
I mean the old game of offer and request will regulate prices in an open market. For to keep prices high (against slowing market request) as a seller, you must decrease the amount of offers, too. I think that can only a monopolist or a trust do...
Matt
Was man besonders gerne tut,
ist selten ganz besonders gut
Wilhelm Busch
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- Chris Summers
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The more you study these cars, the more you'll learn not to believe everything you see. Take it as advice from someone's that been there.
Chris Summers
ACD Club
CCCA
H.H. Franklin Club
So we beat on, boats against the current, borne back ceaselessly into the past.
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- alsancle
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- landmark
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Bob Roller wrote: Matt,
Do you know if this car has been in Europe from new or did it come over at a later date? The artikel was interesting and most unusual. Thanks for posting it.
Bob Roller
Hello Bob,
as I know the car was in the 70s and 80s in the USA. It was Winner Pebble Beach 1981.
The car was topic in an other thread here in 2006: forums.phpstack-1081784-3880776.cloudwaysapps.com/phpbb2/viewto ... 07619bd2d7
It sounds that there are some "black holes" in history of that car.
I have heard that it was offered by Bonhams at the Retromobile fair auction in Paris in 2009. The estimate was about 1.75 Mio Euro ( 2.45 Mio $). The highest bit would be at 1.35 Mio Euro (1.9 Mio $), the car was not sold.
www.bonhams.com/cgi-bin/public.s ... ineNo=4011
I think for a Murphy (Standard Top) convertible coupe without a complete history documentation 1.9 Mio $ is a lot of money.
Matt
Was man besonders gerne tut,
ist selten ganz besonders gut
Wilhelm Busch
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- Bob Roller
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Do you know if this car has been in Europe from new or did it come over at a later date? The artikel was interesting and most unusual. Thanks for posting it.
Bob Roller
Bob Roller
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- landmark
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I found a link to some photos taken at a visit of a Model J at the Farm-Cottage in Kirchheide, where Friedrich & August D?senberg were born and spent their first years.
www.kirchheide.de/navigations-fr ... rg2007.htm The last seven pictures were taken at the Duesenberg Cottage. It is now owned by a teacher (I guess), he has been restoring the whole cottage by and by.
Cheers
Matt
P.S.: Before someone asks The car would be J-219, it is under offer by a dealer from the Netherlands for years.
Was man besonders gerne tut,
ist selten ganz besonders gut
Wilhelm Busch
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