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Do you trust auctions, more specifically online auto auctions? Or blind online auctions?
Posted on 11/12/25 at 8:31 am
Posted on 11/12/25 at 8:31 am
I've long suspected online auto auctions were a scam or at least prone to scammy activity. My suspicion specifically is regarding cars being auctioned with no reserve only to have the owner or some other party affiliated with the auction bidding up the price by creating artificial demand.
Then I found this guys page on Instagram and it confirmed my suspicion.
Here is the video where he exposes the same cars being "sold" multiple times on various auctions with artificial demand and attempting to bid the price up higher than what it would have originally sold for.
LINK
BTW go check out his page and see how bad he got screwed at Mecum.
Then I found this guys page on Instagram and it confirmed my suspicion.
Here is the video where he exposes the same cars being "sold" multiple times on various auctions with artificial demand and attempting to bid the price up higher than what it would have originally sold for.
LINK
BTW go check out his page and see how bad he got screwed at Mecum.
5
Posted on 11/12/25 at 8:34 am to sidewalkside
quote:Yes, auctions speak louder than words...
Do you trust auctions
Posted on 11/12/25 at 8:37 am to TexasTiger33
and for every auction, there is an equal and opposite re-auction
Posted on 11/12/25 at 8:37 am to sidewalkside
Auctions are almost always more expensive
Posted on 11/12/25 at 9:31 am to kywildcatfanone
especially after you add up all of the extra fees and shipping
shill-bidding is the norm. Few sellers are willing to allow you a true bargain
shill-bidding is the norm. Few sellers are willing to allow you a true bargain
Posted on 11/12/25 at 9:56 am to sidewalkside
Never bought a car, but I’ve bought some very pricey restaurant equipment multiple times. It’s used stuff, so there’s potential for problems. I’ve been fairly lucky, and no I don’t think any part of the reputable online auctions houses are part of a scam.
I don’t know of any auction sites out there that aren’t fairly old and well vetted by years of business.
I don’t know of any auction sites out there that aren’t fairly old and well vetted by years of business.
Posted on 11/12/25 at 10:30 am to sidewalkside
I bought my Porsche in bringatrailer. No issues.
Paid less than market at the time
Paid less than market at the time
This post was edited on 11/12/25 at 10:30 am
Posted on 11/12/25 at 10:36 am to sidewalkside
Would never buy a vehicle without me personally inspecting it or an inspection clause after winning the bid.
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