….the ladies alumni, Ba T, Scottsdale, AZ, 2019

Welcome, too,  the CNBC Disruptor List 2019, through the windshield.

Pre-emptive, yes, however, a synopsis of the qualifications:

  • private companies transforming the economy and altering industry.
  • independently owned, founded after Jan. 1, 2004, are eligible.

0530 hrs. MST, Saturday, the civil sunrise begins to awaken the desert AZ floor. It’s chilly, but not to the bone. Runny nose weather. You won’t stick to a vinyl seat cover before this noon. Not today, a day when my ten lb. companion, Mrs. Wilson, can see her breath in the semi-darkness.

"ride the painted pony, let the spinning wheels turn"
“ride the painted pony, let the spinning wheels turn”

A very quick pee, hardened underside nipples, she doesn’t need a local TV disaster weather a!arm team to tell her the rattlesnakes are too cool to crawl.  The little princess is off to her favorite dogsitters.

Now, time to wake up the queen. “Honey, we’re headed to Scottsdale, get dressed”.

J.Lynn is apprehensive. “a 150 miles to do what…?…an alumni gathering. “Please, not one of those cattle-call, testosterone-laced, endless rat-a-tat_white noise_flashing klieg lights_models in lemon chiffon gowns_parading signs_white gloved, pony-tailed thugs, dressed in black, pushing used cars across a stage….is it ?”

Funny how she can remember 1998, Barrett-Jackson, and her exact words, ‘never again’

"you'll get the fur coat"
“you’ll get the fur coat”

“I’ve seen enough gold chained, cigar smoking, peter pans with hairy cleavage to last a lifetime, and I will not wear a lanyard noose.”

No, no.  This is a gathering of the faithful, alumni of a favorite website, the antithesis of the live auction industry, where we’ll be certain to meet lovely ladies, just like you. Promise.

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Both JanetLynn & myself, virgins in the popular ‘cars & coffee’ ritual, are welcomed by the BaT staff and personnel of the Stables.  A stunning, off the grid, warehouse, a premium facility where  freshly brewed coffee melds with a whiff of 110 octane jet fuel from adjacent Scottsdale airport, the aroma triad completed with a warm poppyseed muffin.  Intoxicating.

"Grandpa, I want a 21 window VW"
“Grandpa, I want a 21 window VW”

Well traveled cars, driven by their owners, sparkle. Who knew asphalt, encircled by meticulous landscaping, could provide a glamorous backdrop ?  Not a single car made in China.  Our task, self-appointed, photoshoot the shotgun seat passengers;

  • a professional model, Knoxville, TN
  • career long distance operator, Bell® System
  • gorgeous 60 y/o, an owner wife, in love with a west highland white terrier
  • dental hygienist, classmate of Hillary Rodham, Maine South HS 1965
  • Biltmore®advisor, a marketing crackerjack in cars and celebrity capital.  And sexy cute.
  • Stay-at-home Nova Scotia mom, 2 MBs, 2 BMWs, one cat, one dog, one husband
  • retired pediatrician, Sun Valley, ID
  • Southwest Air®, corp. head of stewardess services

Unidentified photos; personal privacy prohibits the dissemination of names, addresses, SSN #, credit card, date of birth, body weight listed on driver’s licenses….all remain anonymous.

"Mom, how much longer is this going to take ?"
“Mom, how much longer is this going to take ?”

Full disclosure, this writer has a prior arrest record, perjury/bribery, and currently wears a GPS ankle monitor…not by choice.  A federal judge described the photo below, in only five words,

L-R, "Motion Denied", "Guilty", "Next Case"
L-R, “Motion Denied”, “Guilty”, “Next Case”

below,

DSCN5387

and a celebrity parking lot attendant, who, along with co-founders, will auction ~ 10,000 lots. in 2019, in xs of $250M, from an office in the Bay Area with < 30 employees, and not a single tent, auctioneer, glossy catalogue, or physical venue.

DSCN5373DSCN5392DSCN5384 (1)DSCN5382 (1)DSCN5379DSCN5381

"Toto, when we get to AZ, you'll get to go"
“Toto, when we get to AZ, you’ll get to go”  
©insightout2019

Ba T numbers crunch III…….Painted Pony

Dateline : Green Valley, AZ

1Jan2018  0730 hrs  MST   58℉

Ba T synopsis, complete for month of December 2017, comprising twenty (20) days results.

note : auctions are limited to weekdays only; weekends and holidays are rest days for the weary staff.

Total number of vehicles auctioned…………430

Sold                                                                     309 (71.9 %)   $ 8,813,423  (avg $ 28,552)

Unsold (RNM, reserve not met)                    121 (28.1 %)   $ 3,638,834  (avg. $ 30,073)

Of note, the %ages are very consistent with Ba T II  and the prior, on being a Ba Tster,

Notable high $ sales; Porsche 356 ( 12/12) $ 325K, Lancia Stratos, (12/20) $475K.

Highest no sale, 356 Speedster (12/29) $ 226K.

It is safe to assume that the 1985 Toyota Corolla sold (12/4) at $2,700, and the Mazda Chantez no-sale (12/12) at $4K, will not become million dollar collectables in our lifetime.

20Dec2017 also established a new one day record, when 17 sold totalled $ 947,800. Too, the December total, if multiplied x 12 would extrapolate to $105,761,076 for the year, an “e gads” number for a small internet start-up.

Any future results will not include motorcycles, competition wheel upgrades, and/or parts, unless it’s a Harley softtail with a sidecar for Mrs. Wilson to ride shotgun.

-1x-1

 

For now, Wilson will have to enjoy our daily walks in the sonoran desert, and the occasional ride on her favorite stud.

DSCN3749

 

🎼
You got no money, you got no home
Spinning Wheel all alone
Talkin’ ’bout your troubles and you
You never learn
Ride a painted pony 🎵
Let the Spinning Wheel turn   🎶   🎶

Happy new year from Lynn, Mrs., Wilson, and Insightout.

 

©insightout2018

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

1952_march_john_r._pierce_3

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.

slide_1

 

 

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

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

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.

DSCN6558 (1)
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.

class01

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.