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#1 |
Senior Member
![]() Join Date: Oct 2012
Location: Lexington, Ky
Posts: 2,133
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Bring a Trailer, reserve too High ??
So I sent in my info and about 40-50 pictures to the auction site 'Bring a trailer', trying to sell my 72. They said reserve was too high, I could only have reserve of $20k.
So we are several thousand apart on the reserve. I showed them results from Hemmings where in last 3 years they had 228 1972 C10's listed and the average asking price was $29,118. They said asking price didn't mean anything. My truck is true shortbed, cold factory air, 99% rust free, and pretty damn nice, but not a nut and bolt frame off resto. What do you guys think ??
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Larry 84 Chevy SWB, "Roy", dark blue orig paint, 6 cyl auto, PS, 88,000 miles. 72 Highlander LWB "Olive" med olive over lt yellow, air, 77,000 miles (sold) "It's a sorry man who can't find his wife a good job" |
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#2 |
Registered User
Join Date: Mar 2016
Location: Long Island NY
Posts: 598
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Re: Bring a Trailer, reserve too High ??
They’re right when they said “asking price doesn’t mean anything”. You can ask whatever you want with a traditional ad, the host of the ad gets paid whether the price is reasonable and regardless of whether the item sells or not. Prices from completed listings on eBay would make a better argument.
Bring a trailer is an auction site. If they get too many vehicles that don’t sell because they didn’t meet the reserve they look bad. They look bad to sellers who wonder if the site doesn’t have the right audience and buyers who wonder if all they sell is stuff with top tier prices. I’ve watched vehicles on eBay where the price reached a reasonable/fair level and didn’t go up because the reserve wasn’t met. If the seller removed the reserve there would usually be a surge of bidding afterwards. Idk what a fair value is on your truck, it is pretty damn nice though. Either way, their sandbox, their rules. |
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#3 |
Senior Member
![]() Join Date: Oct 2012
Location: Lexington, Ky
Posts: 2,133
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Re: Bring a Trailer, reserve too High ??
I guess my point is I don't think you can buy a truck like this for 20k.
Like you said, I guess they are worried about their batting average. I'm done with them but it bothers me they try to force you to take a low reserve.
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Larry 84 Chevy SWB, "Roy", dark blue orig paint, 6 cyl auto, PS, 88,000 miles. 72 Highlander LWB "Olive" med olive over lt yellow, air, 77,000 miles (sold) "It's a sorry man who can't find his wife a good job" |
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#4 |
Registered User
Join Date: Aug 2013
Location: Calgary, Alberta
Posts: 681
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Re: Bring a Trailer, reserve too High ??
Your truck is worth $29k all day. I'd suggest listing it on Ebay for even a bit higher reserve and see what happens. You can always relist it for lower a second time. There are few clean original looking SWBs like yours. The PO1 hubcaps will attract those looking for that original look, and bring more money, vs a custom job.
A friend of mine just his at Mercum auction for $39k, and yours is nice. His was a SWB, but had a spray in box liner and rallys. |
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#5 |
Registered User
Join Date: Oct 2016
Location: Dallas Texas
Posts: 3,092
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Re: Bring a Trailer, reserve too High ??
.
Good choice to walk I'm afraid. It all depends who is in the room come time for your lot to roll across the block. No reserve or really low reserve ( perhaps in this case ) are best left for auctions with huge action, complete with internet/phone bidders too and best if covered on TV nationally! Maybe find a smaller, local auction that will let you reserve all you want and just test the crowds. See where the bids to. Might be fun. -klb
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67 C10 fleet fuel injected '70 402, 700r4, 3.73 posi 07 335 sport turbo 6sp 94 Trans Am GT LT1 6sp posi -- sold after 22yrs 99 540 sport V8 6sp -- sold 73 240z L24 4sp -- given to friend 68 C10 step 350/350 3.73 open -- sold |
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#6 |
70+ ( Old Skool Club )
![]() Join Date: Nov 2003
Location: Saskatoon, Saskatchewan ,Canada
Posts: 9,119
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Re: Bring a Trailer, reserve too High ??
Any auction on line or live will always try to get you to take a low reserve. They don't care because they get their piece of the pie from both buyers and sellers. Put it on Ebay at no reserve and if it doesnt go where you need it to, cancel the ad 24 hours before the auction ends. You cant cancel on Ebay within 12 hours of auction closing. Just dont put in yoir description that the truck will be sold at no reserve to the highest bidder then cancel the ad..
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1972 C10 Custom/Deluxe 613 Highlander 406/700R4 1999 White Tahoe LS 4x2 with Z56 Police Package 1992 K1500 GMC Suburban Members I have personally met: MusicMan70 - HeavyD - ChewyChevy67 - StingRay -71SWB4x4 - 67 Burb - DeadheadNM - too much stuff - bc65 - das601 " Circumsatances Do Not Change Responsibility " " The Sky is not the Limit, Your Mind is." Marilyn Monroe .. RIP Charlie Watts 1941 - 2021 |
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#7 |
Guest
Posts: n/a
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Re: Bring a Trailer, reserve too High ??
I think the reserve is too low— for a reserve I would want something in the $27k range— my 2 cents
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#8 |
Senior Member
![]() Join Date: Sep 2014
Location: Lake Tapps, Wa.
Posts: 630
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Re: Bring a Trailer, reserve too High ??
hooverfish,
Beautiful SB C10. ![]() You made the right call to look elsewhere for selling your truck. Your truck, your reserve price, your decision = their loss of your business. ![]() Would love to see more photos or your future sales ad. Good luck, Sam ![]() |
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#9 |
Registered User
Join Date: Jan 2018
Location: TN
Posts: 104
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Re: Bring a Trailer, reserve too High ??
Sell it somewhere else. I think a live auction is a better choice for that truck.
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1969 C10 Suburban Custom (Factory 396/TH400, survivor with no rust) |
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#10 |
Registered User
Join Date: Jan 2017
Location: Larkspur, Colorado
Posts: 916
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Re: Bring a Trailer, reserve too High ??
Different priorities for different folks I suppose. I have to say I really like the way bring a trailer runs their program. The 20,000 reserve is reasonable, if the rest of your truck reflects the single picture you posted there’s no chance that truck is going to sell for less than mid to high 20s on BAT. And it will SELL, and that’s what brings more traffic to their site and the seller gets to stay home and doesn’t have to go through all the brain damage of selling a car at a live auction. That’s exciting stuff for some people, a giant pain in the ass for others. The live auction sites generally take a much higher commission plus all kinds of other goofy fees. The seller might even make a couple more bucks in the end or simply walk away when the reserve is not met.
After being in this is long as I have I’m just one of those people that when it’s time to sell I just make it as simple as possible. I only use craigslist for everything, I put a fair market value/price for what i’m selling, no ramped up numbers. I’m firm and nonnegotiable for 30 days of the ad. If you want the item come buy It at that price and take it home. If you don’t, there’s plenty more out there and you can keep fishing. If it hasn’t sold after 30 days I make the choice to let it go to the highest offer or just keep it. I put all this information in the ad so there is no guesswork whatsoever. I suppose I might be able to make a couple more bucks on one of the auction sites, no thanks, I just like to keep it simple and keep the ball entirely in my court. Steve weim55 Colorado |
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#11 | |
Senior Member
![]() Join Date: Feb 2009
Location: Northern Nevada
Posts: 7,248
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Re: Bring a Trailer, reserve too High ??
Quote:
Other than that, if you want say 30K for your truck then definitely sell it through another method.
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Tony 71 Custom Deluxe, SWB, 2WD, 402, A/C. I developed an assembly kit for restoring the (a) truck from the ground up. My build thread, and more on the assembly kit https://67-72chevytrucks.com/vboard/...d.php?t=730025 |
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#12 |
Senior Member
![]() Join Date: Oct 2009
Location: Godley, TX
Posts: 17,964
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Re: Bring a Trailer, reserve too High ??
Too much risk at $20k reserve, I’d sell elsewhere. With a truck that nice, it may take a little longer for the right buyer to come along at the correctly valued price. Patience isn’t one of my virtues, personally, but I think it’s a safer approach with such a nice truck. Considered Barrett Jackson? Despite some of the overpriced fake stuff that sails across the block to a more than willing uninformed buyer - when a true collector vehicle rolls across the block, knowledgeable buyers are there to fight over it. I think it would do well there. But then again, BJ is no reserve at all... ugh.
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#13 |
Moderator
![]() Join Date: May 2007
Location: Southern Cal
Posts: 20,005
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Re: Bring a Trailer, reserve too High ??
Just cut to the chase and put it on Barrett Jackson or Mecum. That’s a NICE truck and 2-3 flippers down the road that’s where it’s gonna end up anyways.
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1972 C/10 Cheyenne Super SWB. Restored, loaded, slammed. 1968 C/10 50th Anniversary LWB. Unrestored, stock, daily driver/work truck. RIP ElJay RIP 67ChevyRedneck RIP Grumpy Old Man |
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#14 |
Registered User
Join Date: Feb 2018
Location: Fountain Hills, AZ
Posts: 161
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Re: Bring a Trailer, reserve too High ??
Put it on ebay at 30K reserve and watch the potential buyers send you inquiries. That's the way I sold my last collectable car.
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#15 |
Registered User
Join Date: May 2019
Location: Lakewood
Posts: 83
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Re: Bring a Trailer, reserve too High ??
I sold my Jeep XJ on bring-a-trailer last year. I had listed my Jeep in the Los Angeles Craigslist for over a month with very little interest. My Jeep was in great shape with a perfect interior and body and an assortment of typical mods but high mileage so BAT required a no-reserve auction which made me a bit nervous. There are thousands (maybe millions) of users of that site so when all was said and done I got exactly what I wanted for the Jeep and she was on her way to a new owner in Iowa. Those guys know the market and know how to sell cars. They have sold a ton of C-10's. Your sweet truck will easily get mid to high 20's on BAT.
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#16 |
Florida Edition
![]() ![]() Join Date: Oct 2010
Location: Fruitland Park, FL
Posts: 4,025
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Re: Bring a Trailer, reserve too High ??
Larry, what do you want for you truck, 25K? I might be interested.
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70 GMC Short Stepside "Rose"-An American Beauty: Factory 402/TH400, AM/FM, AC, Tilt, Tach, Buckets, Posi, PS, PB, 3-5 Drop, Complete Resto-Rod 67 C-20 Slant Back Wrecker "Mad Max" 67 C-10 Ratrod "Step-N-Wolf" 71 Serro Scotty Sportsman camper "Scotty" 97 LT1 Z28 "The Hornet" Link to more pics of "Rose" http://67-72chevytrucks.com/vboard/a...p?albumid=1684 Check out my "Cheap Tricks" thread and add to it if you can, lots of good info there. http://67-72chevytrucks.com/vboard/s...d.php?t=489394 |
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#17 |
Senior Member
![]() Join Date: Dec 2013
Location: Gods country East,Tn
Posts: 8,545
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Re: Bring a Trailer, reserve too High ??
I don't think he needs any help finding a buyer or deciding on an auction , This threads already had more than 540 views in less than 24 hours and it looks like he may already have a buyer . That's what you call smart marketing .
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![]() 1967 Factory short bed - Old school '71 - 350 / 4bolt / 487 heads / Edelbrock C3BX Muncie M-22 4 speed / Hurst Comp plus Factory 12 bolt posi 3.73 / 255-70-15 Smoothed firewall / Factory cowl induction Power disc brakes / power steering / 3.5-5" drop |
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#18 |
Registered User
Join Date: Apr 2003
Location: Indep, MO
Posts: 5,893
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Re: Bring a Trailer, reserve too High ??
Lots of trucks moving on the c-10 facebook groups. Thats where we bought ours.
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Boppa's Old Yeller Truck Build, Old Yeller's New Heart! Project Buzz Bomb Flyin' Low! |
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#19 |
Registered User
Join Date: Apr 2003
Location: Indep, MO
Posts: 5,893
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Re: Bring a Trailer, reserve too High ??
Hell, just facebook marketplace. The true wizards have nationwide search, and a lot of stuff moves there.
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Boppa's Old Yeller Truck Build, Old Yeller's New Heart! Project Buzz Bomb Flyin' Low! |
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#20 |
Registered User
![]() Join Date: Jul 2015
Location: Phoenix, AZ
Posts: 1,335
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Re: Bring a Trailer, reserve too High ??
Jeez, that's a really nice truck. I would have thought you could have gotten $35K for that no problem.
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#21 | |
Senior Member
![]() Join Date: Feb 2008
Location: Coronado, CA
Posts: 1,085
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Re: Bring a Trailer, reserve too High ??
Quote:
Larry, I think 20k reserve is spot on. I just missed this one on EBAY. It sold for 20K. The truck was nice!! You can get more but you need to get in a auction like Barrett Jacksons. I think it would do 30k+ range there. https://www.ebay.com/itm/1971-Chevro...orig_cvip=true |
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#22 |
Senior Member
![]() Join Date: Apr 2008
Location: Berne IN
Posts: 3,229
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Re: Bring a Trailer, reserve too High ??
Very clean and well detailed truck inside and out- l think you should hang on to it if you don’t feel comfortable with the reserve. One small thing that I would suggest, remove the wing vent screws and sleeves and soak them in thinner to remove the paint. I do realize I’m a little goofy about things that aren’t supposed to be painted having paint on them
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#23 |
Senior Member
![]() Join Date: Apr 2008
Location: Berne IN
Posts: 3,229
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Re: Bring a Trailer, reserve too High ??
Screws
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#24 |
Go Pack Go!
Join Date: Nov 2005
Location: Green Bay
Posts: 2,669
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Re: Bring a Trailer, reserve too High ??
I really like the truck. BAT is funny. Sometimes I see over priced junk and other times really good deals on a nice rare vehicle. I had no idea they dictate how much to sell your propert!
Probably better to have lost out on that red one. I notice a $20k truck is missing the pad on the brake pedal. I always pass on vehicles like that because if they can’t buy a replacement pedal pad, what other corners were cut? |
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#25 | |
Senior Member
![]() Join Date: Feb 2009
Location: Northern Nevada
Posts: 7,248
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Re: Bring a Trailer, reserve too High ??
Quote:
__________________
Tony 71 Custom Deluxe, SWB, 2WD, 402, A/C. I developed an assembly kit for restoring the (a) truck from the ground up. My build thread, and more on the assembly kit https://67-72chevytrucks.com/vboard/...d.php?t=730025 |
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