In a message dated 1/2/2006 11:27:09 PM Eastern Standard Time, jonlee (AT) wt (DOT) net writes: Here is an interesting article about a wealthy guy getting scammed in Forbes. One of his cars was a 1965 GT 350. You might have to click on " skip " to skip the ad and go directly to the article. http://www.forbes.com/execpicks/forbes/2006/0109/125.html jon Jon, Actually, Mr. O'Quinn bought two of the four cars I brought to Auburn Spring last year, a '50 Mercury Lead Sled and a '99 Shelby Durango. He was EXTREMELY careful about verifying the VIN numbers, to the point of getting Kruse to ship all 70+ cars that he bought to Texas before he would release any funds. Since he spent about $3MM at that auction alone, they caved, and it took over a month to get paid! I suppose that after discovering what had gone on with his collection manager, he was leaving no stone unturned, but it was truly a pain in the butt for we sellers. In fact, that experience was part of the reason I'm probably not going to sell at auction in the future. This guy just bought too many cars, too fast. He staged an auction in Houston last fall to dispose of some of them, but I'll be surprised if he's not still going strong. I was frankly disappointed that he bought my '50 Merc, as it's a terrific driver that probably won't be driven while in his collection. We're not supposed to worry about things like that, but I do. Oh, well- at least he eventually found out he was being scammed and hasn't totally lost his interest in the hobby. Cheers, Mike Heroy CSX4045 67 GT500 #841 68 GT500 #389 85 SVO
Mike: AH!! That makes sense! I knew I heard that name somewhere. I heard from a local dealer about that payment hold up too. It must have been scary for everyone involved since they didnt know if they were going to get their money or not. Thanks for the info. jon Quoting MHeroy (AT) aol (DOT) com: - In a message dated 1/2/2006 11:27:09 PM Eastern Standard Time, jonlee (AT) wt (DOT) net - writes: - Here is an interesting article about a wealthy guy getting scammed in Forbes. - One of his cars was a 1965 GT 350. - - You might have to click on " skip " to skip the ad and go directly to the - article. - - http://www.forbes.com/execpicks/forbes/2006/0109/125.html - - - jon - Jon, - - Actually, Mr. O'Quinn bought two of the four cars I brought to Auburn Spring - last year, a '50 Mercury Lead Sled and a '99 Shelby Durango. He was EXTREMELY - careful about verifying the VIN numbers, to the point of getting Kruse to - ship all 70+ cars that he bought to Texas before he would release any funds. - Since he spent about $3MM at that auction alone, they caved, and it took over a - month to get paid! I suppose that after discovering what had gone on with his - collection manager, he was leaving no stone unturned, but it was truly a pain - in the butt for we sellers. In fact, that experience was part of the reason - I'm probably not going to sell at auction in the future. - - This guy just bought too many cars, too fast. He staged an auction in - Houston last fall to dispose of some of them, but I'll be surprised if he's not - still going strong. I was frankly disappointed that he bought my '50 Merc, as - it's a terrific driver that probably won't be driven while in his collection. - We're not supposed to worry about things like that, but I do. - - Oh, well- at least he eventually found out he was being scammed and hasn't - totally lost his interest in the hobby. - - Cheers, - Mike Heroy - CSX4045 - 67 GT500 #841 - 68 GT500 #389 - 85 SVO -
John O'Quinn bought my 69 Yenko and a 68 KR fastback I rep'd for a customer in Houston last April. Really nice guy. Sven was the guy who used to do all the buying for him. He always seemed very nice when I spoke with him, but we never did business together. I don't play that game with Kruse, though. If they let him sign a bid ticket and ship my car, then they can cut me a check on his behalf the same day. If not, he doesn't need to bid on my cars. He is nice man, but, we all play by the same rules. This is also the main reason I really only go to the Leake sales that are Kruse affiliated. Richard Sevenoaks gaurentees all the sales with his own money so you don't have to hold your breath and hope the check shows up! Thank You, Mike McCullough 405-760-6732 (cell) 405-330-4535 (office) www.worldwidemusclecars.com ----- Original Message ----- From: <jonlee (AT) wt (DOT) net> To: "Shelby List" <shelbymustang (AT) carmemories (DOT) com> Sent: Monday, January 02, 2006 10:58 PM Subject: Re: Scammed > Mike: > > AH!! That makes sense! I knew I heard that name somewhere. I heard from a > local dealer about that payment hold up too. It must have been scary for > everyone involved since they didnt know if they > were going to get their money or not. > > Thanks for the info. > > jon > > > > Quoting MHeroy (AT) aol (DOT) com: > > - In a message dated 1/2/2006 11:27:09 PM Eastern Standard Time, > jonlee (AT) wt (DOT) net > - writes: > - Here is an interesting article about a wealthy guy getting scammed in > Forbes. > - One of his cars was a 1965 GT 350. > - > - You might have to click on " skip " to skip the ad and go directly to > the > - article. > - > - http://www.forbes.com/execpicks/forbes/2006/0109/125.html > - > - > - jon > - Jon, > - > - Actually, Mr. O'Quinn bought two of the four cars I brought to Auburn > Spring > - last year, a '50 Mercury Lead Sled and a '99 Shelby Durango. He was > EXTREMELY > - careful about verifying the VIN numbers, to the point of getting Kruse > to > - ship all 70+ cars that he bought to Texas before he would release any > funds. > - Since he spent about $3MM at that auction alone, they caved, and it took > over a > - month to get paid! I suppose that after discovering what had gone on > with his > - collection manager, he was leaving no stone unturned, but it was truly a > pain > - in the butt for we sellers. In fact, that experience was part of the > reason > - I'm probably not going to sell at auction in the future. > - > - This guy just bought too many cars, too fast. He staged an auction in > - Houston last fall to dispose of some of them, but I'll be surprised if > he's not > - still going strong. I was frankly disappointed that he bought my '50 > Merc, as > - it's a terrific driver that probably won't be driven while in his > collection. > - We're not supposed to worry about things like that, but I do. > - > - Oh, well- at least he eventually found out he was being scammed and > hasn't > - totally lost his interest in the hobby. > - > - Cheers, > - Mike Heroy > - CSX4045 > - 67 GT500 #841 > - 68 GT500 #389 > - 85 SVO > - > > > > > > -- > No virus found in this incoming message. > Checked by AVG Free Edition. > Version: 7.1.371 / Virus Database: 267.14.10/218 - Release Date: 1/2/2006 > >
Mike and everyone, This leads to another question and perhaps someone can explain it. A very good friend of mine bought a well known Britanny Blue 67-500 from the owner who originally put the car in auction few weeks ago - mind you this was almost a year ago. The auction (which I will leave out the company name) advertised it as being sold for $XXX,XXX. Well...I thought the car was sold until I found out my friend bought it days after the auction from the owner who put it in the auction to begine with. Now...I asked my friend how he ended up buying the car when the car was supposedly auctioned at a higher price than what he paid for. He didn't know. It looks like to me, false advertising or hype as you would call it. It made me wonder if this is a sneeky practice amongst auctioneers or is this a practice used by only select people to keep the hype going. It really made me question some of the figures I see at auctions....whether those cars really got sold for that price or not. Im mystified by how a car supposedly sold in auction was actually purchased after the auction at a lower price. jon Quoting Mike McCullough <mike (AT) worldwidemusclecars (DOT) com>: - John O'Quinn bought my 69 Yenko and a 68 KR fastback I rep'd for a customer - in Houston last April. Really nice guy. Sven was the guy who used to do all - the buying for him. He always seemed very nice when I spoke with him, but we - never did business together. I don't play that game with Kruse, though. If - they let him sign a bid ticket and ship my car, then they can cut me a check - on his behalf the same day. If not, he doesn't need to bid on my cars. He is - nice man, but, we all play by the same rules. This is also the main reason I - really only go to the Leake sales that are Kruse affiliated. Richard - Sevenoaks gaurentees all the sales with his own money so you don't have to - hold your breath and hope the check shows up! - Thank You, - Mike McCullough - 405-760-6732 (cell) - 405-330-4535 (office) - www.worldwidemusclecars.com - ----- Original Message ----- - From: <jonlee (AT) wt (DOT) net> - To: "Shelby List" <shelbymustang (AT) carmemories (DOT) com> - Sent: Monday, January 02, 2006 10:58 PM - Subject: Re: Scammed - - - > Mike: - > - > AH!! That makes sense! I knew I heard that name somewhere. I heard from a - > local dealer about that payment hold up too. It must have been scary for - > everyone involved since they didnt know if they - > were going to get their money or not. - > - > Thanks for the info. - > - > jon - > - > - > - > Quoting MHeroy (AT) aol (DOT) com: - > - > - In a message dated 1/2/2006 11:27:09 PM Eastern Standard Time, - > jonlee (AT) wt (DOT) net - > - writes: - > - Here is an interesting article about a wealthy guy getting scammed in - > Forbes. - > - One of his cars was a 1965 GT 350. - > - - > - You might have to click on " skip " to skip the ad and go directly to - > the - > - article. - > - - > - http://www.forbes.com/execpicks/forbes/2006/0109/125.html - > - - > - - > - jon - > - Jon, - > - - > - Actually, Mr. O'Quinn bought two of the four cars I brought to Auburn - > Spring - > - last year, a '50 Mercury Lead Sled and a '99 Shelby Durango. He was - > EXTREMELY - > - careful about verifying the VIN numbers, to the point of getting Kruse - > to - > - ship all 70+ cars that he bought to Texas before he would release any - > funds. - > - Since he spent about $3MM at that auction alone, they caved, and it took - > over a - > - month to get paid! I suppose that after discovering what had gone on - > with his - > - collection manager, he was leaving no stone unturned, but it was truly a - > pain - > - in the butt for we sellers. In fact, that experience was part of the - > reason - > - I'm probably not going to sell at auction in the future. - > - - > - This guy just bought too many cars, too fast. He staged an auction in - > - Houston last fall to dispose of some of them, but I'll be surprised if - > he's not - > - still going strong. I was frankly disappointed that he bought my '50 - > Merc, as - > - it's a terrific driver that probably won't be driven while in his - > collection. - > - We're not supposed to worry about things like that, but I do. - > - - > - Oh, well- at least he eventually found out he was being scammed and - > hasn't - > - totally lost his interest in the hobby. - > - - > - Cheers, - > - Mike Heroy - > - CSX4045 - > - 67 GT500 #841 - > - 68 GT500 #389 - > - 85 SVO - > - - > - > - > - > - > - > -- - > No virus found in this incoming message. - > Checked by AVG Free Edition. - > Version: 7.1.371 / Virus Database: 267.14.10/218 - Release Date: 1/2/2006 - > - > - -
Jon, It would be really hard to say just exactly what happened without knowing all the facts. It could be as simple as the bidder backed up on the auction house or, the seller agreed to sell the car for a certain amount with the auction house after the car no saled it on the block only to later change his mind. Who knows. It could also be one of those famous "NO RESERVE" ( read NO REVERSE") auctions where everything gets sold, and usually back to the guy who brought it to the sale! Thank You, Mike McCullough 405-760-6732 (cell) 405-330-4535 (office) www.worldwidemusclecars.com ----- Original Message ----- From: <jonlee (AT) wt (DOT) net> To: "Shelby List" <shelbymustang (AT) carmemories (DOT) com> Sent: Monday, January 02, 2006 11:45 PM Subject: Re: Scammed > Mike and everyone, > > This leads to another question and perhaps someone can explain it. A very > good friend of mine bought a well known Britanny Blue 67-500 from the > owner who originally put the car in auction few weeks > ago - mind you this was almost a year ago. The auction (which I will leave > out the company name) advertised it as being sold for $XXX,XXX. Well...I > thought the car was sold until I found out my > friend bought it days after the auction from the owner who put it in the > auction to begine with. Now...I asked my friend how he ended up buying the > car when the car was supposedly auctioned at a > higher price than what he paid for. He didn't know. It looks like to me, > false advertising or hype as you would call it. It made me wonder if this > is a sneeky practice amongst auctioneers or is this > a practice used by only select people to keep the hype going. It really > made me question some of the figures I see at auctions....whether those > cars really got sold for that price or not. > > Im mystified by how a car supposedly sold in auction was actually > purchased after the auction at a lower price. > > > jon > > > Quoting Mike McCullough <mike (AT) worldwidemusclecars (DOT) com>: > > - John O'Quinn bought my 69 Yenko and a 68 KR fastback I rep'd for a > customer > - in Houston last April. Really nice guy. Sven was the guy who used to do > all > - the buying for him. He always seemed very nice when I spoke with him, > but we > - never did business together. I don't play that game with Kruse, though. > If > - they let him sign a bid ticket and ship my car, then they can cut me a > check > - on his behalf the same day. If not, he doesn't need to bid on my cars. > He is > - nice man, but, we all play by the same rules. This is also the main > reason I > - really only go to the Leake sales that are Kruse affiliated. Richard > - Sevenoaks gaurentees all the sales with his own money so you don't have > to > - hold your breath and hope the check shows up! > - Thank You, > - Mike McCullough > - 405-760-6732 (cell) > - 405-330-4535 (office) > - www.worldwidemusclecars.com > - ----- Original Message ----- > - From: <jonlee (AT) wt (DOT) net> > - To: "Shelby List" <shelbymustang (AT) carmemories (DOT) com> > - Sent: Monday, January 02, 2006 10:58 PM > - Subject: Re: Scammed > - > - > - > Mike: > - > > - > AH!! That makes sense! I knew I heard that name somewhere. I heard > from a > - > local dealer about that payment hold up too. It must have been scary > for > - > everyone involved since they didnt know if they > - > were going to get their money or not. > - > > - > Thanks for the info. > - > > - > jon > - > > - > > - > > - > Quoting MHeroy (AT) aol (DOT) com: > - > > - > - In a message dated 1/2/2006 11:27:09 PM Eastern Standard Time, > - > jonlee (AT) wt (DOT) net > - > - writes: > - > - Here is an interesting article about a wealthy guy getting scammed > in > - > Forbes. > - > - One of his cars was a 1965 GT 350. > - > - > - > - You might have to click on " skip " to skip the ad and go directly > to > - > the > - > - article. > - > - > - > - http://www.forbes.com/execpicks/forbes/2006/0109/125.html > - > - > - > - > - > - jon > - > - Jon, > - > - > - > - Actually, Mr. O'Quinn bought two of the four cars I brought to > Auburn > - > Spring > - > - last year, a '50 Mercury Lead Sled and a '99 Shelby Durango. He was > - > EXTREMELY > - > - careful about verifying the VIN numbers, to the point of getting > Kruse > - > to > - > - ship all 70+ cars that he bought to Texas before he would release > any > - > funds. > - > - Since he spent about $3MM at that auction alone, they caved, and it > took > - > over a > - > - month to get paid! I suppose that after discovering what had gone > on > - > with his > - > - collection manager, he was leaving no stone unturned, but it was > truly a > - > pain > - > - in the butt for we sellers. In fact, that experience was part of > the > - > reason > - > - I'm probably not going to sell at auction in the future. > - > - > - > - This guy just bought too many cars, too fast. He staged an auction > in > - > - Houston last fall to dispose of some of them, but I'll be surprised > if > - > he's not > - > - still going strong. I was frankly disappointed that he bought my > '50 > - > Merc, as > - > - it's a terrific driver that probably won't be driven while in his > - > collection. > - > - We're not supposed to worry about things like that, but I do. > - > - > - > - Oh, well- at least he eventually found out he was being scammed and > - > hasn't > - > - totally lost his interest in the hobby. > - > - > - > - Cheers, > - > - Mike Heroy > - > - CSX4045 > - > - 67 GT500 #841 > - > - 68 GT500 #389 > - > - 85 SVO > - > - > - > > - > > - > > - > > - > > - > -- > - > No virus found in this incoming message. > - > Checked by AVG Free Edition. > - > Version: 7.1.371 / Virus Database: 267.14.10/218 - Release Date: > 1/2/2006 > - > > - > > - > - > > > > > > -- > No virus found in this incoming message. > Checked by AVG Free Edition. > Version: 7.1.371 / Virus Database: 267.14.10/218 - Release Date: 1/2/2006 > >
Mike: I guess your right. Common sense would dictate this issue. For some reason though, it just didn't seem right to me. I did see if there was a distinguishment between "Final Bid" and "Sold" but all the cars had Final Bid listed and none saying the car got sold like Mecum and other auctions do. jon Quoting Mike McCullough <mike (AT) worldwidemusclecars (DOT) com>: - Jon, - It would be really hard to say just exactly what happened without knowing - all the facts. It could be as simple as the bidder backed up on the auction - house or, the seller agreed to sell the car for a certain amount with the - auction house after the car no saled it on the block only to later change - his mind. Who knows. It could also be one of those famous "NO RESERVE" ( - read NO REVERSE") auctions where everything gets sold, and usually back to - the guy who brought it to the sale! - Thank You, - Mike McCullough - 405-760-6732 (cell) - 405-330-4535 (office) - www.worldwidemusclecars.com - ----- Original Message ----- - From: <jonlee (AT) wt (DOT) net> - To: "Shelby List" <shelbymustang (AT) carmemories (DOT) com> - Sent: Monday, January 02, 2006 11:45 PM - Subject: Re: Scammed - - - > Mike and everyone, - > - > This leads to another question and perhaps someone can explain it. A very - > good friend of mine bought a well known Britanny Blue 67-500 from the - > owner who originally put the car in auction few weeks - > ago - mind you this was almost a year ago. The auction (which I will leave - > out the company name) advertised it as being sold for $XXX,XXX. Well...I - > thought the car was sold until I found out my - > friend bought it days after the auction from the owner who put it in the - > auction to begine with. Now...I asked my friend how he ended up buying the - > car when the car was supposedly auctioned at a - > higher price than what he paid for. He didn't know. It looks like to me, - > false advertising or hype as you would call it. It made me wonder if this - > is a sneeky practice amongst auctioneers or is this - > a practice used by only select people to keep the hype going. It really - > made me question some of the figures I see at auctions....whether those - > cars really got sold for that price or not. - > - > Im mystified by how a car supposedly sold in auction was actually - > purchased after the auction at a lower price. - > - > - > jon - > - > - > Quoting Mike McCullough <mike (AT) worldwidemusclecars (DOT) com>: - > - > - John O'Quinn bought my 69 Yenko and a 68 KR fastback I rep'd for a - > customer - > - in Houston last April. Really nice guy. Sven was the guy who used to do - > all - > - the buying for him. He always seemed very nice when I spoke with him, - > but we - > - never did business together. I don't play that game with Kruse, though. - > If - > - they let him sign a bid ticket and ship my car, then they can cut me a - > check - > - on his behalf the same day. If not, he doesn't need to bid on my cars. - > He is - > - nice man, but, we all play by the same rules. This is also the main - > reason I - > - really only go to the Leake sales that are Kruse affiliated. Richard - > - Sevenoaks gaurentees all the sales with his own money so you don't have - > to - > - hold your breath and hope the check shows up! - > - Thank You, - > - Mike McCullough - > - 405-760-6732 (cell) - > - 405-330-4535 (office) - > - www.worldwidemusclecars.com - > - ----- Original Message ----- - > - From: <jonlee (AT) wt (DOT) net> - > - To: "Shelby List" <shelbymustang (AT) carmemories (DOT) com> - > - Sent: Monday, January 02, 2006 10:58 PM - > - Subject: Re: Scammed - > - - > - - > - > Mike: - > - > - > - > AH!! That makes sense! I knew I heard that name somewhere. I heard - > from a - > - > local dealer about that payment hold up too. It must have been scary - > for - > - > everyone involved since they didnt know if they - > - > were going to get their money or not. - > - > - > - > Thanks for the info. - > - > - > - > jon - > - > - > - > - > - > - > - > Quoting MHeroy (AT) aol (DOT) com: - > - > - > - > - In a message dated 1/2/2006 11:27:09 PM Eastern Standard Time, - > - > jonlee (AT) wt (DOT) net - > - > - writes: - > - > - Here is an interesting article about a wealthy guy getting scammed - > in - > - > Forbes. - > - > - One of his cars was a 1965 GT 350. - > - > - - > - > - You might have to click on " skip " to skip the ad and go directly - > to - > - > the - > - > - article. - > - > - - > - > - http://www.forbes.com/execpicks/forbes/2006/0109/125.html - > - > - - > - > - - > - > - jon - > - > - Jon, - > - > - - > - > - Actually, Mr. O'Quinn bought two of the four cars I brought to - > Auburn - > - > Spring - > - > - last year, a '50 Mercury Lead Sled and a '99 Shelby Durango. He was - > - > EXTREMELY - > - > - careful about verifying the VIN numbers, to the point of getting - > Kruse - > - > to - > - > - ship all 70+ cars that he bought to Texas before he would release - > any - > - > funds. - > - > - Since he spent about $3MM at that auction alone, they caved, and it - > took - > - > over a - > - > - month to get paid! I suppose that after discovering what had gone - > on - > - > with his - > - > - collection manager, he was leaving no stone unturned, but it was - > truly a - > - > pain - > - > - in the butt for we sellers. In fact, that experience was part of - > the - > - > reason - > - > - I'm probably not going to sell at auction in the future. - > - > - - > - > - This guy just bought too many cars, too fast. He staged an auction - > in - > - > - Houston last fall to dispose of some of them, but I'll be surprised - > if - > - > he's not - > - > - still going strong. I was frankly disappointed that he bought my - > '50 - > - > Merc, as - > - > - it's a terrific driver that probably won't be driven while in his - > - > collection. - > - > - We're not supposed to worry about things like that, but I do. - > - > - - > - > - Oh, well- at least he eventually found out he was being scammed and - > - > hasn't - > - > - totally lost his interest in the hobby. - > - > - - > - > - Cheers, - > - > - Mike Heroy - > - > - CSX4045 - > - > - 67 GT500 #841 - > - > - 68 GT500 #389 - > - > - 85 SVO - > - > - - > - > - > - > - > - > - > - > - > - > - > - > -- - > - > No virus found in this incoming message. - > - > Checked by AVG Free Edition. - > - > Version: 7.1.371 / Virus Database: 267.14.10/218 - Release Date: - > 1/2/2006 - > - > - > - > - > - - > - - > - > - > - > - > - > -- - > No virus found in this incoming message. - > Checked by AVG Free Edition. - > Version: 7.1.371 / Virus Database: 267.14.10/218 - Release Date: 1/2/2006 - > - > - -
I think this happened last year as well, (not sure if was the same auction house or not), if my memory hasn't failed me again. The real surprise to me is that anyone would think that auctions and auctioneers and published auction results can be relied on. Remember, this is about money. Just a thought Ron ----- Original Message ----- From: <jonlee (AT) wt (DOT) net> To: "Shelby List" <shelbymustang (AT) carmemories (DOT) com> Sent: Tuesday, January 03, 2006 12:45 AM Subject: Re: Scammed > Mike and everyone, > > This leads to another question and perhaps someone can explain it. A very > good friend of mine bought a well known Britanny Blue 67-500 from the > owner who originally put the car in auction few weeks > ago - mind you this was almost a year ago. The auction (which I will leave > out the company name) advertised it as being sold for $XXX,XXX. Well...I > thought the car was sold until I found out my > friend bought it days after the auction from the owner who put it in the > auction to begine with. Now...I asked my friend how he ended up buying the > car when the car was supposedly auctioned at a > higher price than what he paid for. He didn't know. It looks like to me, > false advertising or hype as you would call it. It made me wonder if this > is a sneeky practice amongst auctioneers or is this > a practice used by only select people to keep the hype going. It really > made me question some of the figures I see at auctions....whether those > cars really got sold for that price or not. > > Im mystified by how a car supposedly sold in auction was actually > purchased after the auction at a lower price. > > > jon > > > Quoting Mike McCullough <mike (AT) worldwidemusclecars (DOT) com>: > > - John O'Quinn bought my 69 Yenko and a 68 KR fastback I rep'd for a > customer > - in Houston last April. Really nice guy. Sven was the guy who used to do > all > - the buying for him. He always seemed very nice when I spoke with him, > but we > - never did business together. I don't play that game with Kruse, though. > If > - they let him sign a bid ticket and ship my car, then they can cut me a > check > - on his behalf the same day. If not, he doesn't need to bid on my cars. > He is > - nice man, but, we all play by the same rules. This is also the main > reason I > - really only go to the Leake sales that are Kruse affiliated. Richard > - Sevenoaks gaurentees all the sales with his own money so you don't have > to > - hold your breath and hope the check shows up! > - Thank You, > - Mike McCullough > - 405-760-6732 (cell) > - 405-330-4535 (office) > - www.worldwidemusclecars.com > - ----- Original Message ----- > - From: <jonlee (AT) wt (DOT) net> > - To: "Shelby List" <shelbymustang (AT) carmemories (DOT) com> > - Sent: Monday, January 02, 2006 10:58 PM > - Subject: Re: Scammed > - > - > - > Mike: > - > > - > AH!! That makes sense! I knew I heard that name somewhere. I heard > from a > - > local dealer about that payment hold up too. It must have been scary > for > - > everyone involved since they didnt know if they > - > were going to get their money or not. > - > > - > Thanks for the info. > - > > - > jon > - > > - > > - > > - > Quoting MHeroy (AT) aol (DOT) com: > - > > - > - In a message dated 1/2/2006 11:27:09 PM Eastern Standard Time, > - > jonlee (AT) wt (DOT) net > - > - writes: > - > - Here is an interesting article about a wealthy guy getting scammed > in > - > Forbes. > - > - One of his cars was a 1965 GT 350. > - > - > - > - You might have to click on " skip " to skip the ad and go directly > to > - > the > - > - article. > - > - > - > - http://www.forbes.com/execpicks/forbes/2006/0109/125.html > - > - > - > - > - > - jon > - > - Jon, > - > - > - > - Actually, Mr. O'Quinn bought two of the four cars I brought to > Auburn > - > Spring > - > - last year, a '50 Mercury Lead Sled and a '99 Shelby Durango. He was > - > EXTREMELY > - > - careful about verifying the VIN numbers, to the point of getting > Kruse > - > to > - > - ship all 70+ cars that he bought to Texas before he would release > any > - > funds. > - > - Since he spent about $3MM at that auction alone, they caved, and it > took > - > over a > - > - month to get paid! I suppose that after discovering what had gone > on > - > with his > - > - collection manager, he was leaving no stone unturned, but it was > truly a > - > pain > - > - in the butt for we sellers. In fact, that experience was part of > the > - > reason > - > - I'm probably not going to sell at auction in the future. > - > - > - > - This guy just bought too many cars, too fast. He staged an auction > in > - > - Houston last fall to dispose of some of them, but I'll be surprised > if > - > he's not > - > - still going strong. I was frankly disappointed that he bought my > '50 > - > Merc, as > - > - it's a terrific driver that probably won't be driven while in his > - > collection. > - > - We're not supposed to worry about things like that, but I do. > - > - > - > - Oh, well- at least he eventually found out he was being scammed and > - > hasn't > - > - totally lost his interest in the hobby. > - > - > - > - Cheers, > - > - Mike Heroy > - > - CSX4045 > - > - 67 GT500 #841 > - > - 68 GT500 #389 > - > - 85 SVO > - > - > - > > - > > - > > - > > - > > - > -- > - > No virus found in this incoming message. > - > Checked by AVG Free Edition. > - > Version: 7.1.371 / Virus Database: 267.14.10/218 - Release Date: > 1/2/2006 > - > > - > > - > - > > >
