Ebay 73

[Marsattacks]

Ends today. Reserve is 10k. Seems high except seller has lots of sunk costs making it track-worthy. Original looking on exterior except for the wheels. I would assume that the dings in belt trim are from a botched effort to remove it but not really sure. Any comments? Seller says no rust was tolerated due to track plans but I assume some repair was carried out. Thanks

http://cgi.ebay.com/ebaymotors/1973-BMW-2002-Street-Track-Race-Many-Upgrades-2K-Miles-/140563881846?pt=US_Cars_Trucks&hash=item20ba429f76#ht_1524wt_948

[eurotrash]

I'm local to the car. Don't know the owner. I'm having a bit of deja vu, it seems like they had it on CL here locally in the past. I can inspect for anyone interested.

[Marsattacks]

That could be really useful depending on the bidding. Price is way too stiff for a sight unseen deal and the photos leave a lot unseen too. I assume this is an honest car that is overpriced in order to recoup some of the idiosyncratic expenditures. Will let you know how it goes.

[Marsattacks]

Oops, since this morning a new bidder with 3 bids (all on this specific listing) has jumped in and upped the bidding to $10k. This auction already had an apparently fraudulent chandelier bid (subsequently retracted) put in to fish the reserve out. So now the new high bidder is a zero-feedback person. And a few other very low feedback repeat bidders.

I feel sorry for the seller. What a pain.

[andrewro]

I swear those seats are from a Mazda 323 GTX.

[MatthewCSmith]

I watched this one closely, but never did bid. Did the car really sell or is this some ebay garbage?

[2002dean]

I personally bid on this car and lost the auction by .01. I could not watch the end of the auction due to other plans. So I put out a max bid and hoped for the best. Needless to say I'm extremely disapointed. I don't own a 2002 yet and really want one. I guess I'll keep looking. Next post will be wanted to buy.

Cheers.

Dean

[Jim_75Sahara]

I don't know of this car/owner. Hmmm. They definitely spent some $$ on it. With all the local BMWCCA events I've gone to, you'd think I'd have met the owner. Perhaps they have little or nothing to do with the local 'CCA.

[eurotrash]

I don't know of this car/owner. Hmmm. They definitely spent some $$ on it. With all the local BMWCCA events I've gone to, you'd think I'd have met the owner. Perhaps they have little or nothing to do with the local 'CCA.

The kid is selling for the dad.. I think he likes to embellish.

I knew the car was there, in that area. I saw it sticking out of the garage a few years ago while I was down there working. I asked my client to keep an eye out and get me an introduction, but it never happened. I emailed via the ebay ad, and the kid was nice enough, but definitely not a 2002 maniac. And dad was apparently trying to live a teenage fantasy.

I swear I saw a CL ad for this car before.. It seems like he even directly copied the old ad into ebay.

[Jim_75Sahara]

Did they actually net $11,000 or is this a scam of a sale? I am not convinced that it's worth anywhere near that much.

[eurotrash]

I asked where it was headed, to try and get the truth.

No response just yet.

[Marsattacks]

Jim, based on Dean's post abvove I assume they actually got a whopping price. Dean, I assume you are the new bidder I mentioned above with three bids/no feedback. Sorry, I had thought you were a sham bidder because it is odd for an ebay newby to be bidding so much in the way you bid (nibbling away at the reserve etc). If it is any consolation you did not lose the auction by one cent. The winner might have been willing to go another 2k -- we will never know. This particular auction is a classic example of how bidders using ebay like a "real" auction (instead of the fixed-termination auction it really is) can lead to strange results (usually inflating the price). Buyers would be far better off as a whole if everyone simply sniped when bidding instead of getting into bidding wars that are hopeless and just up the price. Sellers would be worse off.

Now we'll see if the deal closes. The seller seemed like a nice guy but communication was very spotty for a 10k ask.

[2002dean]

I had talked to the son within an hour of the car being listed so I had a 20 minute conversation and had learned the reserve at that time. After that though, communication was about non existant even though I had made attemps to do so.

I felt if the car truly had the original paint and minimal surface rust with a good amount of money spent on it, It could work for me as a fun track/street car. Even though there were some things I would need to change and or upgrade. I never have even driven a 2002. I thought I would jump in head first, and hope the car was really clean and mechanicaly sound. If i really liked it have it painted in couple years.

No offense taken about the sham bidder I was just trying to gauge interest in the car. I really only wanted to spend the reserve but since I could not watch the end of the auction I put in a max bid and hoped it would not reach it. So I'm really a serious buyer and will obtain a 2002.

Dean