The Official Bring A Trailer (BaT) Thread

[1000hp]

[QUOTE=bmw;n343368]

How is 30k not low miles?

30K is not low miles in the specific context of potentially selling for over 100K. Assuming anyone doing so is considering this car an investment.

Is an e46 M3 ever really worth 100k? I don't think so, even with 30 miles. Maybe a CSL.

People paying $100k for restored e46 M3s have an entirely different type of money, and that 100k does not have the same value that it does to the average person.

[bmw]

[QUOTE=discoelk;n343365]How is 30k not low miles?

30K is not low miles in the specific context of potentially selling for over 100K. Assuming anyone doing so is considering this car an investment.

[discoelk]

How is 30k not low miles?

I wouldn't assign much logic to the bidding. Lots of folks who run up bids on that platform have neither the intention or means of buying a car like that. They just bid for "fun" and depart before things get serious.

[bmw]

EAG Intelagos/Cinnamon, low miles, clean.

https://bringatrailer.com/listing/20...n=Model_Update

It's nice but is 30K low miles? This car is basically a well kept and maintained driver.
It's interesting to me that this car is already at 100K (why are people bidding in 10K increments 5 days prior to close?)
Makes you wonder what a true concours 6spd ZCP with delivery miles would go for now? 250K?

[BlueBimmers]

Interesting to me that EAG now considers BaT another sales channel. IIRC in the past they used BaT for cars that for some reason fell a little short to sell direct - accident, irreversible mods, that sort of thing. In any case I think their business model now is more about service than sales.

[maw1124]

EAG Intelagos/Cinnamon, low miles, clean.

https://bringatrailer.com/listing/20...n=Model_Update

I'm surprised it slipped through so many hands.

maw

[///Marecki]

What's the best way to market my car to money launderers?

I too would like to know this information 😁😂🤣

[Cubieman]

EAG Intelagos/Cinnamon, low miles, clean.

https://bringatrailer.com/listing/2005-bmw-m3-coupe-195/?utm_source=Iterable&utm_medium=email&utm_campaign=Model_Update

[0-60motorsports]

There has to be some money laundering going on on some of these. Collector cars are the new art.

110%. I've been saying this for years about gray market watch dealers but people don't want to believe it as long as they get the watch they want. they don't realize they are contributing to money laundering and it's 99% the case no matter if the seller is legit or the person he bought it from and flipping the watch is legit or not.

That's why I always buy it at the AD and if I can't have it from them then I just forget about it until a friend to friend private deal comes along (which it never does as no one is that honest and clean nowadays LOL).

[1000hp]

What's the best way to market my car to money launderers?

[maw1124]

More like taking the money out of crashing crypto and putting it somewhere that isn't crashing as hard and fast.

Or something like that.

maw

[///Marecki]

I mean look at the recent ferrari auction. There is no rationaile for 100-300% increases over market levels on 7 figure cars. There have been studies on cars beating some big indexes over time. These are the ultra rich trying to diversify assets and/or speculate.

[maw1124]

There has to be some money laundering going on on some of these. Collector cars are the new art.

I've been making this "laundrozmatz" point for years now. I hate that it's looking more and more likely.

maw

[simon_c]

There has to be some money laundering going on on some of these. Collector cars are the new art.

[oceansize]

I doubt title changes hands... something about the winner's prior bidding history is similarly ridiculous, or at least it seems that way to me.

I also don't expect title to change hands here... https://bringatrailer.com/listing/20...z-cl65-amg-68/

It's all become absolute cinema.

maw

Especially when you consider that two months ago this 8k mile example sold for $56,500. Same car, same year, no accidents. That's insanity. I agree, no way the buyer actually coughs up over 300k, talking about losing your ass.