Ba Tster II, numbers crunched

Fair warning : the following is of no interest to the above-average intellectual, provided you are not a car buff.

If the primary concern is the date your car lease expires, please, push #9, then, press end this call, and return to your comfort zone.  There is no room in this cave for the 13 BaTsters left who enjoy our favorite website, today, and every day.

The author, ⬇, 1952

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Having first reported early returns (April/May 2017), below is the compilation, 8+ weeks or ⅙ of a year, extending 4Sept2017 thru 3Nov2017.  Weekly transactions have doubled, as normal daily activity has ➹ 100+ units on a rolling average.

Now, for the math (please, the writer is neither an actuary nor CPA, but once played a doctor on closed-circuit TV), as seen on today’s big screen ⬇

THE-ACCOUNTANT-LOL

Utilizing his handy Keuffel & Esser 5″ Deci-Lon pocket slide rule.

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The Results:
784 vehicles were auctioned.

*********************************************

580 sold (74%)                           total   $13,321,433        

Avg. sale price  $22,967.99

*********************************************

204 RNM*, no sales (26%)      total    $ 6,173,861        

Avg. no sale      $30,264.03

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Unaccountable, a method to determine how many cars with *reserve not met may have been sold offline when BaT administrators allowed sellers and high bidders the option of negotiation. That would no doubt skewer the data above.  But not by much.

The reserve not met $$ number may indicate sellers who;

  • willing to take 100+ photos, provide a description, a week of addressing the flock’s questions, and walk away with a true market appraisal for only $99.  Cheap shot.
  • have an unrealistic reserve based on their “investment” in the vehicle.
  • for the top bid, realize the car is worth keeping, in their own garage vs. a regrettable fire sale.

Extrapolation of the 60 day numbers, multiplied by 6, would yield 3,480 units sold, per annum, and a total $$ sales of $ 79,928,598, a stunning, but clearly achievable target. Numbers that would be comparable to, or even dwarf in some instances, the SCM style bar graph of most middle tier auction venues, e.g., Leake, Mecum, Russo&Steele, Coy’s, Silverstone, B-J, Worldwide, Auctions America.

Final note for this bi-monthly calculation;

Top sales realized;

  1. 2002 BMW Z8                               $181,050
  2. 2012 MB SLS/Amg                       $146,000
  3. 2006 Aston Martin Vanquish    $132,500

Low sales;

  1. 1979 Ford TBird                           $1,809
  2. 1980 Honda CT110 (bike)          $2,350
  3. 1979 Alfa Alfetta project             $2,600

Reserve not met, high;

  1. 2003 BMW Z8                               $255,000
  2. 1955 Alfa Berlinetta                      $210,000
  3. 2008 AL bodied Shelby Cobra   $140,000

Reserve not met, low;

  1. 1980 Plymouth Champion           $2,500
  2. 1939 Fiat Balilla project                $2,600
  3. hmmm…really, who cares

The ratio of private party : dealer sales was not calculated; takes too much time and I’ve run out of beer.  A guess, 60%/40%.  Shady dealers, often despised, will avoid this venue.  However, those with sunny disposition, fair business practice, and attractive inventory have to adore the maximum exposure, target audience, all for < a C-note.

Dealer participation appears on the rise.

Too, “no reserve” offerings have risen, particularly for more pedestrian and/or lower demand  collectibles….courtesy of website administrators anxious to maintain freshness and variety at all levels of interest.

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Not redeemable for Hilton Honors points, or preferred parking at the Hampton Inn ®.

This will be the last entry from Captain Crunch, in re, Bring a Trailer, barring any dramatic changes, i.e., a Nasdaq IPO, outright sale to a major auction format, or Jeff Bezos’ intent on world domination by offering $1B for the Ba T platform.

We now return to the classroom to calculate the date a BMW Z8 will surpass the BMW 507 in value.

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Consensus……0828 hrs GMT, 14Aug2154

©insightout2017

Any dissemination, copying, or disclosure of this communication is fair game. If you received this communication in error, (a) willingly take a flying leap, (b) notify sender @ (630) 986-POOP, actual cell #, (c) destroy the original message.  Full disclosure: the author has no ownership and/or financial interest/currency in any business entity listed herein. Any resemblance to person/persons, living or deceased, is not coincidental.

 

Comments

  1. says

    Thanks for your interesting report! As a daily BAT reader, this analysis is really good, been wondering about things like this.
    And Airstream Life looks interesting, too!
    Thanks, and do give us an analysis later in the year – what – after 60 days? End of the year special?
    Jamie Alexander
    Dallas, TX
    BAT purchased: 2002 Vivid Yellow Miata (loved my first one I had since new, figured a low miles, clean replacement would be great. Then original was rear ended and totaled. BAT purchase is so nice that I avoid driving it – which is sick! Also girlfriend, that was in the rear end collision, calls it a death trap and won’t ride in it.)