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General Category => General Discussion => Topic started by: Mayor_of_BBQ on April 27, 2022, 10:26:50 AM

Title: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 27, 2022, 10:26:50 AM
(https://i.imgur.com/bDU3ddH_d.jpg?maxwidth=520&shape=thumb&fidelity=high)




Hi all!

A lot of intrigue about BAT auctions around here. I am selling my 1970 Ambo over there, and I thought I would show you the process. Give you the 'ol "inside baseball" as it were....


So to start I will say I submitted my info to BAT on 4/26/22
There is a submission form you fill out, giving general details about the bike, history, what upgrades and service it has gotten... Has it had paintwork? what is stock vs non-stock? etc... You also have to upload your title to prove ownership and also submit some preliminary pictures. You select what kind of auction you want (reserve price vs. no reserve) and decide if you want them to take pictures for you (+$349 for professional pics- they send someone to you). They also ask that you not list the bike for sale on any other sites while working with BAT.

I opted for Pro photos and a no-reserve auction.

After that, you wait. BAT says they will reach out in a few business days. 

This morning, about 15hrs after submitting my forms, I got an email saying they've accepted my bike! I need to pay the listing fee up front, then they will reach out on scheduling pictures.



More info soon.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 27, 2022, 10:28:15 AM
Oh yeah, here is my bike

(https://i.imgur.com/hboJDMS.jpg)

(https://i.imgur.com/WrnslrM.jpg)

(https://i.imgur.com/Ncffk7q.jpg)
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: JJ on April 27, 2022, 10:50:04 AM
She's a real BEAUTY, Chad!   :thumb:  :smiley:

Good luck with the auction and high hopes for  $$$ TOP DOLLAR $$$ :boozing: :cool:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Stretch on April 27, 2022, 11:04:38 AM
As nice as that is, you'll get top dollar.

                           -Stretch
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: mainsail on April 27, 2022, 11:21:27 AM
Beautiful bike!

Let me do ya a favor- instead of the auction nightmare I'll just give you a col G and we'll call it good.   :evil:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: speedyg on April 27, 2022, 11:22:49 AM
Nice machine. Good luck with the auction. Some states don’t issue titles, so any idea what you submit to BaT instead?.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 27, 2022, 11:24:15 AM
A lot of people asked "why would you sell this bike? You have done nothing but rave about it?"

To that I will say I have ridden the bike around 1,500 miles and I've washed and detailed it about 10 times.  I do love the way it rides, and I will probably keep a loop in the stable for a long time coming... but this one is 'too nice' I fear I have over restored it to the point it doesnt fit my needs. I have a 2nd Ambo (parts bike) that I am going to undertake a rebuild on to replace this one once it sells...  It will be a rat/patina beast. With that in mind I am looking for a mechanically sold late-model California series bike to be a doner bike for that project... something EFI and hopefully tubeless wheels for short money. If you have any leads under 500mi from Western NC, please let me know.

I also had the chance to buy a hotrod CX100 resto-mod from Scout63 and I am also hoping to buy a Tenni Griso this summer <or next> from another forum member.... 

So my Ambo, v65, and Breva 1100 are all on the block this year.
(the v65 is on ebay right now, bid up to $1,200 with about 3 days left on the auction)
(i will list my Breva after the dust from these multiple transactions settles... I may keep it until I get the GRiSO or it may end up the engine doner to the Amborat.. time will tell)
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 27, 2022, 11:26:08 AM
Nice machine. Good luck with the auction. Some states don’t issue titles, so any idea what you submit to BaT instead?.

no idea, I went thru a 9month -/DMV nightmare to get the clean NC title on this one after I bought it in 2020...  BAT says 'provide proof of ownership' but I am sure there are ways to do so without a title.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Stretch on April 27, 2022, 11:45:55 AM
In Maine, titles are not issued for older vehicles.

I sent a copy of my current registration, and they were fine with that.

They'll make a note when they list it that the vehicle is sold with a title, registration and bill of sale, etc..

they won't list a vehicle without some sort of proof of ownership.

                                                -Tom
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: AJ Huff on April 27, 2022, 11:49:13 AM
Beautiful bike. Looks great. I hope the auction goes well. BTW, your has cap is on backwards. 😉
Figured I'd tell you before the nitpickers on BAT do. 😀

-AJ
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Antietam Classic Cycle on April 27, 2022, 12:16:48 PM
Beautiful bike. Looks great. I hope the auction goes well. BTW, your has cap is on backwards. 😉
Figured I'd tell you before the nitpickers on BAT do. 😀

-AJ

Not the entire cap - that only fits one way - just the lever. Right now it's in "crotch ripper" mode.  :wink:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 27, 2022, 01:01:39 PM
Not the entire cap - that only fits one way - just the lever. Right now it's in "crotch ripper" mode.  :wink:

as if the brakes on a loop could throw you that far up the tank!

I'll flip it around today. Tho I have never seen a one with the lever facing forward? But as in all things, I defer to the experts
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: 80CX100 on April 27, 2022, 02:44:17 PM
Gorgeous bike I hope it goes well for you :thumb:

 :popcorn:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: AH Fan on April 27, 2022, 03:14:49 PM
Yes............. that is pretty.

Ciao
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Antietam Classic Cycle on April 27, 2022, 03:48:25 PM
as if the brakes on a loop could throw you that far up the tank!

I'll flip it around today. Tho I have never seen a one with the lever facing forward? But as in all things, I defer to the experts

It doesn't happen during braking, but is rather a possibility during an accident.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: fotoguzzi on April 27, 2022, 09:48:45 PM
Gorgeous bike! Maybe I missed it but how much is the listing fee? Without the pro photos.
What do you have to pay at end of auction?
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Canuck750 on April 27, 2022, 10:02:22 PM
Great looking bike! Best of luck with the auction
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: s1120 on April 28, 2022, 05:54:40 AM
It will be interesting to see how the process goes. Nice to have a look behind the door. The bike is a stunner!!  Hope you get top dollar for her.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: JBU on April 28, 2022, 06:04:51 AM
Very nice.  That is a clean shiny loop.  No easy task.  I personally would remove the trunk, it looks out of place.  Best of luck with the sale.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 28, 2022, 06:09:25 AM
Gorgeous bike! Maybe I missed it but how much is the listing fee? Without the pro photos.
What do you have to pay at end of auction?

Paid the listing fee on 4/27/22
Fee was $349
Scheduled professional photos, awaiting email from photog...
The professional photog appears to be a gig-app type service called Snapr
Of course I didnt expect BAT to send their official on-staff photographer to my house!

There is no way the $349 covers the fee and the photos- it's a '2 hour photo shoot'. I am assuming I'll be invoiced by the photographer separately, but I have not seen the price?  The button I clicked on said 'listing with professional photos for $349' but I cant believe that's the total, seems low compared to what ebay fees have risen to now.

Scheduled photo shoot for 5/9/22 (a previously planned day off work)
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 28, 2022, 06:11:47 AM
Very nice.  That is a clean shiny loop.  No easy task.  I personally would remove the trunk, it looks out of place.  Best of luck with the sale.

thanks,
I have two rear racks,
1. Harper's one with the pillion pad (but the bolts on the pad are too long and the bolt scratched the fender when I hit a bump with my 105# wife on board!)  :violent1:
2. The greg bender rack with the trunk attatched

I will take pics of both configurations for the listing as both are included in the sale.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Bisbonian on April 28, 2022, 06:58:27 AM
Paid the listing fee on 4/27/22
Fee was $349
Scheduled professional photos, awaiting email from photog...
The professional photog appears to be a gig-app type service called Snapr
Of course I didnt expect BAT to send their official on-staff photographer to my house!

There is no way the $349 covers the fee and the photos- it's a '2 hour photo shoot'. I am assuming I'll be invoiced by the photographer separately, but I have not seen the price?  The button I clicked on said 'listing with professional photos for $349' but I cant believe that's the total, seems low compared to what ebay fees have risen to now.

Scheduled photo shoot for 5/9/22 (a previously planned day off work)

According to the FAQ on the website the listing fee is $99 and then the photography is an additional $250, so $349 is exactly right for the whole thing.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: fotoguzzi on April 28, 2022, 07:18:01 AM
Thanks, does the buyer then pay the commission?
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 28, 2022, 07:30:09 AM
According to the FAQ on the website the listing fee is $99 and then the photography is an additional $250, so $349 is exactly right for the whole thing.

You can see how closely I read the fine print with dolla signs clouding my vision!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 28, 2022, 07:33:17 AM
Thanks, does the buyer then pay the commission?

Yes
Even when you bid on BAT, you have to have a credit card on file and they bill you for the buyer premium at the time of bid. If you are subsequently outbid or dont win the auction, they reverse the charge back to your card.  I'm not sure what the exact % is off the top of my head, but I believe it's around 3-5%?
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: fotoguzzi on April 28, 2022, 07:36:24 AM
Thanks, that probably helps weed out the not serious bidders.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 28, 2022, 07:46:55 AM
Thanks, that probably helps weed out the not serious bidders.

One of the best things about BAT... if you dont follow through with a winning bid, they keep the fee, and they also ban you from the platform. I have sold about 700 items on ebay over the last 18 years, and you would be shocked how many people win auctions and then simply refuse to pay. It's a huge problem and ebay doesnt do jack squat about it.  I have a bicycle frame, a nice watch, a commercial food processor, and my v65 listed there right now... out of 4 items, I will be shocked if I dont have one non-paying bidder from this round.  I'd guess maybe one out of ten auction winners there never make payment. People get amped up bidding, and then realize what they have spent and back out.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on April 28, 2022, 07:50:05 AM
Buyers Fee is set at 5%, with a $250 minimum, and a $5000 cap.

Yes
Even when you bid on BAT, you have to have a credit card on file and they bill you for the buyer premium at the time of bid. If you are subsequently outbid or dont win the auction, they reverse the charge back to your card.  I'm not sure what the exact % is off the top of my head, but I believe it's around 3-5%?
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on April 29, 2022, 08:41:37 AM
My photoshoot is scheduled, the service they use is called Snappr not Snaper.

BAT sent me a raft of emails...  How to prepare for the photoshoot. What to take photos of. What buyers are looking for (they want 70+ pics for the listing and recommend you make cold start and running videos-which are not part of the photoshoot)

They also asked me to submit further info on the bike. specific equipment and upgrades, list of aftermarket parts, history... stuff like that. 

I am currently awaiting being assigned an auction specialist. This person will write the full add and act as concierge thru the listing process. I feel like it's moving along pretty quickly, considering I just applied 4 days ago.  I am hoping to have the listing live by 2nd-3rd week of May?

My CX100 is being delivered 5/2, so i am very excited about that. Trying hard not to count my profits before they arrive, but already thinking of what watch to buy!

Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Griso8V on April 29, 2022, 01:04:44 PM
As having had experience selling on BAT, I was told you should always put a reserve.  For one you dont want someone to get the bike (and this a VERY nice bike) for a low ball price.  And two, setting a realistic reserve will increase bids as the reserve is met.  These are just my experiences...
Good luck with the auction.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Griso8V on April 29, 2022, 01:15:02 PM
OH and yes, professional photo shoot is worth it, especially for something this nice!  Put a RESERVE on the listing!
Tony C
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Scout63 on April 30, 2022, 06:51:29 AM
I’ve sold two bikes on BaT - a 1961 Matchless and a 1980 v50ii.  I was not a reserve person, but then the v50 sold for short money to a clueless buyer.  I wouldn’t sell without a reserve again. I do like BaT as a seller service. I think your loop will do well Chad.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Tusayan on May 01, 2022, 05:15:50 PM
I sold a small trail bike without reserve on BaT, but it was a bike in which I’d invested under $1K.  So I thought it would be an interesting experiment and that I’d likely not lose any money.  It sold for over $4K even factoring in the sellers payment to BaT, and since that was more than it would sell for in other convenient venues, I was quite happy.  I have a low mileage Ducati 996 that I’ve thought about selling, and pondered whether to do the same with that bike… but I think the 996’s ‘time’ is not quite with us yet, and I like owning the bike even if I don’t really ride it.  Whether I’d sell it with no reserve would depend on how hot I thought the market for that particular bike would be at the time of sale.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on May 16, 2022, 07:38:14 AM
Well me and the loop had a big day on May 9th. I am not tech-savy so I found a gound whippersnapper on Reddit who films and edits a bunch of gopro action sports stuff. He mainly does downhill longboarding videos with his crew of insane Gen Z'ers who ride longboard (them are long skateboards) down the various roads and mountains around here.  Thomas came over and we shot a narrated walk-around video of the bike, a cold start video, and he strapped me up with a go-pro and edited together some footage of me riding the bike around my neighborhood

(https://i.imgur.com/PZkeAMD.jpg)

Here's the riding video
https://www.youtube.com/watch?v=_e9w5SVaRac&t=39s (https://www.youtube.com/watch?v=_e9w5SVaRac&t=39s)


Later the same day, I rode down to the River Arts District to meet the photog that BAT had assigned to me, nice young lady named Virginia. She took about 200 pictures of everything from the keyring to the inside of the gas tank. The photo service BAT uses (Snappr) had the photos re-touched, forwarded them to BAT, and sent me a link to view them within 2 biz days.

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_58a75e75-95dd-4bbb-8846-8b6257fe0498-EnxBFU-72087-72088-scaled.jpg?fit=2048%2C1367)

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_51c2122e-7b14-4685-adc6-b9f1228cb6c6-0wsGNC-73081-73082-scaled.jpg?fit=2048%2C1367)

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_76a306cf-2c3f-43bc-833d-fe262a7832ea-svIfaa-72632-72633-scaled.jpg?fit=2048%2C1367)

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_0bd93e65-a73a-4e1d-9b23-b6817f22cb29-dOWBfq-72229-72230-scaled.jpg?fit=2048%2C1367)

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_1b9e30d4-0b4d-48d9-9eef-aa0fe47fb1fd-ysfms0-73171-73172-scaled-1-88177.jpg?fit=1828%2C1218)

Afterward me and the wife had double cheeseburgers and rode home chatting about how much we will miss the Ambo.


By the 11th, I have been assigned an 'Auction Specialist' named Chris. He will actually write the ad and guide thru the remainder of the process. I've just emailed him a detailed breakdown of everything done to the bike, what parts are new/refurbished/etc.  I suspect we will be in contact over the next few days as we answer questions back and forth and we complete the listing.

Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: fotoguzzi on May 16, 2022, 08:22:39 AM
I predict you’ll get big money for that beauty!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on May 16, 2022, 09:44:52 AM
I predict you’ll get big money for that beauty!

I hope so! I am deff sweating the stock market and all this recession talk. Just hoping BAT buyers are insulated from that a fair bit- which seems to be the case. I will likely transition from a 'no reserve' to a reserve price auction as we move along for exactly that reason
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: s1120 on May 17, 2022, 05:21:37 AM
WOW that bike looks great!!  I hope it sells fast, and high for you.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 02, 2022, 09:14:27 AM
Finally a little update...

After the photoshoot on 5/9 I got an email within a few days that the pics were edited & posted. I review the pics and approved. The 'auction concierge' sent me a list of questions, and I answered them all and added additional info about the bike and modifications/upgrades.

I didn't hear anything for a couple weeks...  On 6/1 I got an email saying they have completed the listing and are ready for my approval- they say once I approve the auction will go live in about 48hrs (I assume they have some algorithm that tells them the best day/time to start/end the auction)

One major change I want to make is switching from a 'no reserve' auction to placing a reserve price on the bike. I just feel with the current economic climate, I am worried some bidders may be a little gun-shy as we see what this market and inflation are going to do...  So we will see if that request slows things down for me.  I just love this bike too much to let it go cheap! I am hoping the sale will recoup my money with enough left over to (seed) finance the next project (code word: AMBORAT)

After reading the listing thru a couple times, I just wanted to make a few tweaks.  I sent the the corrections/tweaks early AM on 6/2. 

SO, holding pattern for now but hopefully the bike will be live on BAT by next week!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 02, 2022, 12:26:36 PM
That is a very nice loop. I hope that you and BaT can come to a mutually agreed reserve.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 03, 2022, 06:00:58 AM
That is a very nice loop. I hope that you and BaT can come to a mutually agreed reserve.

Not looking like it. I approved the listing, but now they are saying I cant have a reserve... "Your vehicle was accepted and approved on condition as a no-reserve auction and cant be changed to a reserve price auction"

I guess a bike not hitting reserve is a major deal for them. If you think about it, a no-sale for failure to hit reserve would be terrible for them. They have worked many man hours on my auction and would only net $99 listing feeif the bike didnt sell.

Oh well, the process rolls on.....  Lets see how quickly it goes live at this point.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 03, 2022, 07:32:59 AM
Well, I’m surprised that they would not at least entertain the number that you have in mind, and possibly “negotiate“ from there.

IMO, it’s a two way street. Yes, they might end up with just $99., but they also make a lot more on some of their six and 7 figure sales. You, on the other hand, could take a bad haircut, say if your auction ends on a day when the stock market drops 15 or 20 %.

Not looking like it. I approved the listing, but now they are saying I cant have a reserve... "Your vehicle was accepted and approved on condition as a no-reserve auction and cant be changed to a reserve price auction"

I guess a bike not hitting reserve is a major deal for them. If you think about it, a no-sale for failure to hit reserve would be terrible for them. They have worked many man hours on my auction and would only net $99 listing feeif the bike didnt sell.

Oh well, the process rolls on.....  Lets see how quickly it goes live at this point.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: blackcat on June 03, 2022, 07:52:38 AM
I guess the lesson when dealing with BAT is to let them know from the beginning that you want to set a reserve.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: cliffrod on June 03, 2022, 08:30:31 AM
As an auctioneer, you learn many people want to sell an item no matter what (aka no reserve) & then get nervous about whether it will bring enough money.  So they want to change terms and place a reserve on the item(s).  Fees & charges are generally different between no reserve vs reserve to reflect the likely compensation vs outcome.   Some sellers are honest and rational about the reserve amount, so it's not a significant impairment to the sale. Others simply decide they don't want to sell, so they place a top-of-market or higher reserve so the item won't sell but it will still get full advertising exposure.  The latter often allows them to defeat an auction sale of an item because someone commits to buy it for a specific price, maybe even one that's higher than the likely auction result.  So the auction company risks getting played if they let a seller change terms mid process.

This whole scenario is particularly bad in estate sales with consequential items and 1-2 members of the family who don't agree and want to start placing reserves on selected items after contracts are signed..  We managed this  situation by having the family members with concerns bid on the item, buy it and pay for it like any other customer.  We charged them the agreed fees and distributed the proceeds as contract stipulated.  Because it's a fully completed transaction,  it's an honest & legal auction.  The family could do what they wanted with the proceeds from the auction, including giving all the money for that item back to family member who bought it at fair market value over all other bidders.. 

Unless BaT contract specifically does not allow you to buy (not just bid, but buy and pay in full if you have the highest winning bid) your own item, it's not illegal or improper in any way to fund a friend to do it for you.  You'll just have to front the money, pay BaT in full when/if you win, pay related fees to BaT and then wait for whats left of your money to come back to you.   It's not as easy & maybe not as cheap as doing a reserve auction in the first place, but it's one way to make sure your $10K item doesn't sell for $5K if you don't want it to sell that cheap. 

But it wouldn't surprise me if BaT has stipulation in their contracts stating such action would disqualify the item from being sold again by the same seller on BaT in the future.  Cycling items like this to artificially pump prices & perceived values is a very real strategy, especially with traveling sales before the internet.

Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Stretch on June 03, 2022, 08:46:32 AM
I don't think BAT allows one to bid on one's own auction.

That said, I think this particular bike will go for $10K or, maybe a little bit more.
It's all shiny and better than new looking, and someone who
wants something to show off will buy it. In this case having no
reserve is not, I think, going to be a factor in getting decent money.
Many, many of the bidders on BAT are EXTREMELY well-heeled, and
will buy it if they want it. $10K is as a cup of coffee to these people.

Now, if the seller wants $25K or $30K, then I think he'll be disappointed.

My 2 cents........ :grin:

The very best of luck with the auction - it's a beautiful machine.  :cool:

                                                   -Stretch

Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: AJ Huff on June 03, 2022, 08:48:26 AM
What's the starting price? If the start price is the same as what you'd have had as a reserve, it would be a moot point. I can't remember if they start at zero or if it depends on the item.

-AJ
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: blackcat on June 03, 2022, 08:55:19 AM
The last loop frame sold for $14K.

https://bringatrailer.com/listing/1972-moto-guzzi-eldorado-850-5/

This one sold for $5,800.

https://bringatrailer.com/listing/1974-moto-guzzi-eldorado-californis-police/

And this one for $9,100.00

https://bringatrailer.com/listing/1970-moto-guzzi-v7-special/

Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: 2WheelsUp on June 03, 2022, 10:19:11 AM
Just reviewed your listing... impressive build and great presentation. I recently became infatuated with these after seeing GuzziSteve's V700 a few months ago and saw Charlie's when I was in his shop. Love the single instrument console and cowling, headlight... pretty much everything. Perhaps I missed it but did you rebuild the engine yourself, Cycle Garden? I'd love to restore one some day... your bike would be a great reference. GLWA!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 03, 2022, 10:40:09 AM
It's live boys!

https://bringatrailer.com/listing/1970-moto-guzzi-ambassador-750-5/ (https://bringatrailer.com/listing/1970-moto-guzzi-ambassador-750-5/)

ps. I would have set the reserve to $12k if I was able...  Not because I think that's what it is worth, but because if it doesnt bring that number I would just as soon keep it for myself.  But we will see how it goes. it got two bids all the way up to $6,600 in the first 15min, so I think it's going to be ok! The last loop in similar condition sold for $14k and although it was a killer restoration, I think mine presents better. Not to take anything away from the black one.. I just think the white colorway and the tractor seat look marvelous!

Clint, thanks for the insight on auction particulars...  I gotta hear you call an auction someday  :clock:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: bikeridertim on June 03, 2022, 11:24:28 AM
I'll bet you have no problem reaching your:Reserve"!!
BEAUTIFUL bike!!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 03, 2022, 11:34:22 AM
Wait til you see what happens in the last “2 “ minutes. That will get your adrenaline up.   :thumb:

It's live boys!

https://bringatrailer.com/listing/1970-moto-guzzi-ambassador-750-5/ (https://bringatrailer.com/listing/1970-moto-guzzi-ambassador-750-5/)

.....But we will see how it goes. it got two bids all the way up to $6,600 in the first 15min, so I think it's going to be ok! ......:clock:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: 80CX100 on June 03, 2022, 12:10:36 PM
Wow, that came to life quickly. BAT probably felt your reservations and wanted to get it live asap.

That is one very tasty looking motorcycle  :thumb:

I like all the details in the listing; looking at all those receipts is painful  :evil: but any buyer that's seriously in the game with a thick wallet, will appreciate just how expensive it is to get a bike finished up to this level.

Great attention to the small fine details that make for a great restoration. It's obvious that you made decisions through the build, guided by what was best for the bike, not necessarily your wallet.

Glad to see you jump in with details as an engaged owner, builder, seller. Sets a good tone for the auction

Sending positive thoughts your way.  :bow:

I'll be following this one extremely closely.

     :popcorn:    :popcorn:    :popcorn:

ps I hope you sleep well for the next 7 days  :laugh:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Antietam Classic Cycle on June 03, 2022, 01:01:54 PM
Curious about the "Greg Bender luggage rack". I wasn't aware that Greg sold one.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Guzzi Gal on June 03, 2022, 01:06:40 PM
Crossing my fingers for a bidding war! :popcorn:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Turin on June 03, 2022, 06:15:29 PM
I'm watching... I may have to throw out a bid!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 04, 2022, 07:38:22 AM
Curious about the "Greg Bender luggage rack". I wasn't aware that Greg sold one.

This was purchased by the PO, who started the restoration...  He got it from Greg... It is different from the Harpers one (crossbars lack holes). It's also a new part with fresh powdercoating. It's not on this old tractor currently, but the PO started the restoration in 2016, so I just assumed Greg did a limited run, had them built to spec, and it was sold out/NLA.

I will have to double-check the receipts, but I am sure I saw it among the bills for the wiring harness and relays...
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 04, 2022, 07:42:13 AM
What's the starting price? If the start price is the same as what you'd have had as a reserve, it would be a moot point. I can't remember if they start at zero or if it depends on the item.

-AJ

All auction at BAT start at zero...  there is a little tradition I guess you could call it, usually someone will bid a starting price of the vehicle's model year as the first bid just to get the ball rolling..  ie: Bid $1970.00 for a 1970 bike..  That didnt happen in this case, someone bid like $150 within minutes of the listing going live
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 04, 2022, 07:48:07 AM

I like all the details in the listing; looking at all those receipts is painful  :evil: but any buyer that's seriously in the game with a thick wallet, will appreciate just how expensive it is to get a bike finished up to this level.

Great attention to the small fine details that make for a great restoration. It's obvious that you made decisions through the build, guided by what was best for the bike, not necessarily your wallet.

Glad to see you jump in with details as an engaged owner, builder, seller. Sets a good tone for the auction

Sending positive thoughts your way.  :bow:

I'll be following this one extremely closely.

     :popcorn:    :popcorn:    :popcorn:

ps I hope you sleep well for the next 7 days  :laugh:

Thank you! I can't claim all credit for that, the PO who began the restoration- he bought all the parts and that set the tone for the build. I actually have over $20k in receipts for parts + labor on this bike. I bought it as a roller with all the parts (almost) and my contribution was mostly putting it together and making everything fit-- then timing tuning and testing/fettling. I am very fortunate that the PO did such a through (and expensive) job of research and sourcing stuff. ...And I have a very good local Guzzi mechanic who is a loopframe expert to help when I got stuck!

That is the primary reason I am selling it- I would not have finished it to this amazing level if I had started from scratch. The bike I bought to replace this is more of a battle-axe beater/rider (LeMans CX100). This thing is a shiny show bike. As much as I love riding it, it is probably 'over restored' for my taste. I am hoping I make enough on the sale to turn my 'extra' ambo (parts bike) into a rider that I dont have to hide from the rain, detail everytime I ride it, keep polished and waxed, etc.....
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: JJ on June 04, 2022, 08:52:14 AM
I saw that on BaT!  What a beautiful Guzzi, and best of luck with the auction! 

We'll all be watching!! :thumb: :bow: :boozing: :cool: :smiley:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 07, 2022, 09:10:40 AM
Currently at $8000 with about 72 hours to go. Five bidders, and two seem to be serious.

Comments are a little thin. I’ve noticed that there is some correlation between a high number of auction comments, and a decent final bid.

Hopefully it will hit 5 figures  soon.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Canuck750 on June 07, 2022, 09:55:16 AM
Your Ambassador is the nicest example I have seen!!
It’s just perfect and the attention to detail is stunning. I think it should break $15K IMHO and would be worth every penny.
It’s got to be hard to let this beautiful bike go but hopefully the new owner will look after it.
Best of luck with the results

Jim
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 07, 2022, 11:06:51 AM
Your Ambassador is the nicest example I have seen!!
It’s just perfect and the attention to detail is stunning. I think it should break $15K IMHO and would be worth every penny.
It’s got to be hard to let this beautiful bike go but hopefully the new owner will look after it.
Best of luck with the results

Jim

Wow Jim, that is damn nice of you... have you ever peeked in your own garage?? I think there are some dang fine examples in there! Thank you!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: vintagehoarder on June 07, 2022, 11:29:02 AM
Well me and the loop had a big day on May 9th. I am not tech-savy so I found a gound whippersnapper on Reddit who films and edits a bunch of gopro action sports stuff. He mainly does downhill longboarding videos with his crew of insane Gen Z'ers who ride longboard (them are long skateboards) down the various roads and mountains around here.  Thomas came over and we shot a narrated walk-around video of the bike, a cold start video, and he strapped me up with a go-pro and edited together some footage of me riding the bike around my neighborhood

(https://i.imgur.com/PZkeAMD.jpg)

Here's the riding video
https://www.youtube.com/watch?v=_e9w5SVaRac&t=39s (https://www.youtube.com/watch?v=_e9w5SVaRac&t=39s)


Later the same day, I rode down to the River Arts District to meet the photog that BAT had assigned to me, nice young lady named Virginia. She took about 200 pictures of everything from the keyring to the inside of the gas tank. The photo service BAT uses (Snappr) had the photos re-touched, forwarded them to BAT, and sent me a link to view them within 2 biz days.

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_58a75e75-95dd-4bbb-8846-8b6257fe0498-EnxBFU-72087-72088-scaled.jpg?fit=2048%2C1367)

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_51c2122e-7b14-4685-adc6-b9f1228cb6c6-0wsGNC-73081-73082-scaled.jpg?fit=2048%2C1367)

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_76a306cf-2c3f-43bc-833d-fe262a7832ea-svIfaa-72632-72633-scaled.jpg?fit=2048%2C1367)

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_0bd93e65-a73a-4e1d-9b23-b6817f22cb29-dOWBfq-72229-72230-scaled.jpg?fit=2048%2C1367)

(https://bringatrailer.com/wp-content/uploads/2022/04/1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_1970_moto-guzzi_ambassador-750_1b9e30d4-0b4d-48d9-9eef-aa0fe47fb1fd-ysfms0-73171-73172-scaled-1-88177.jpg?fit=1828%2C1218)

Afterward me and the wife had double cheeseburgers and rode home chatting about how much we will miss the Ambo.


By the 11th, I have been assigned an 'Auction Specialist' named Chris. He will actually write the ad and guide thru the remainder of the process. I've just emailed him a detailed breakdown of everything done to the bike, what parts are new/refurbished/etc.  I suspect we will be in contact over the next few days as we answer questions back and forth and we complete the listing.


Wow she certainly is a beauty!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 09, 2022, 07:48:49 AM
Mayor,

Looks like it’s doing well, now that it’s hit five figures.
 Should be fun to watch the last two minutes, which may take an hour. :thumb:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 09, 2022, 09:03:48 AM
Mayor,

Looks like it’s doing well, now that it’s hit five figures.
 Should be fun to watch the last two minutes, which may take an hour. :thumb:

I work 5-2pm, so I am leaving work 30min early tomorrow and driving home like a bat out of hell.

I had a guy from Tryon SC come look at the bike in person.  I couldn't tell how much he liked it, but I mostly left him alone to look it over and draw his own conclusions. He has an ambo now, its a runner but in rough shape cosmetically .. it also has chrome bores. He was talking about buying mine and selling his. I am going to reach out and try to work a deal with him.

Since he's local and it would be a cash exchange, I see a situation where he brings me his Ambo + cash to depart with mine. That would be pretty cool, I really want to stay in the loop business but I need to get the money back out of this bike.
I don't know how likely he is to win the auction, but lets say he wins it at $14k...  he could bring me his ambo and $11k and roll away with the restored bike.
I would still have a loop, plus the $$ for some new cylinders AND re-coupe my investment.
No way he can bring his bike to the level of mine for $11k, not to mention the time investment.

That's a triple win, since my idea was to take some proceeds from this sale to turn my parts bike into a crusty rat runner.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 09, 2022, 10:05:25 AM
That sounds like an interesting plan.
And, if the bidding goes Bat crazy, you should be OK as well. Then you can just buy his Ambo :grin:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 09, 2022, 10:17:20 AM
EXACTLY

No this is a non-scientific study, but by my observation the auctions seem to end about 50% higher than where the were sitting with 1 day to go. If that holds, hopefully looking at a $15k sale price. That would be an amazing result! Remember, I only wanted to set the reserve at $12k so I am thinking this is going to end up just peachy!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 09, 2022, 01:41:51 PM
And you just need two, deep pocketed and rabid loop fans.
There are several on this board that have at least one of those qualifiers.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: LowRyter on June 09, 2022, 05:41:37 PM
Just watching the auction Mayor.  Great job.   :thumb:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 09, 2022, 06:50:09 PM
One of the “serious” players just upped the ante, $11,500 now.
Are you smiling now?
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Texas Turnip on June 09, 2022, 07:24:41 PM
I'm enjoying this very informative post.

Thanks,
Tex
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: cliffrod on June 09, 2022, 08:34:08 PM
It's a really gorgeous bike.  My slacker butt wouldn't want to have to keep it as pristine as it is. 

Glad to hear the auction is progressing well, Chad.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 10, 2022, 06:11:40 AM
Last day fellas...  let's see how it goes. I have been really chuffed at all the nice comments and feedback on the bike. Hopefully a couple deep-pocketed individuals go bonkers on it today.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Scout63 on June 10, 2022, 06:15:53 AM
Final push Chad. This is the hard part. Hoping for at least two solid bidders for you.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: JJ on June 10, 2022, 08:33:32 AM
QUOTE:  Hopefully a couple deep-pocketed individuals go bonkers on it today. :wink:

In the end...that's all it takes!  Good luck, it's a lovely motorcycle!! :thumb: :bow: :cool: :boozing:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: kidsmoke on June 10, 2022, 09:03:34 AM
My Mayor,
Glad to see the auction so well received. As a BAT whore for well over a decade now, it's very cool to watch this as in insider! thanks for bringing us along!
 
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: AJ Huff on June 10, 2022, 01:29:06 PM
Nice job. Congrats!

-AJ
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: 80CX100 on June 10, 2022, 04:24:24 PM
Final Bid sold @ Jun 10 at 1:51 PM $11,750 bid placed by NCriding

That did not play out like I thought it would; the last 20 minutes was the quickest 20 minutes I've ever seen.

I can't help but think that some bidders may have fallen asleep at the switch like I did.

I kept checking the BAT site off and on, while doing chores and odds and ends. Made up my mind that I'd sit down and watch the last 15-20 minutes so I didn't miss any action.

I got side tracked and by the time I sat down to watch it, it was over, a done deal.  :rolleyes:

Everything for a reason Mayor, With these uncertain times, you may have been lucky to have a few interested buyers push it up into 5 figure territory, who knows.

Glad that you've got some coin to get that CX rolling.

Good time to go out for some wind therapy  :bike-037:

Tks very much for letting us follow along on the inside, that was very interesting, what a roller coaster.

 
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: LowRyter on June 10, 2022, 04:31:03 PM
congrats.  the buyer got a great bike.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Turin on June 10, 2022, 04:37:04 PM
It's good to see that an Ambassador can fetch decent money. I was considering $7,500 for my Ambassador last month. It's not as nice, but I'm glad I hung on to her. 
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 11, 2022, 06:49:58 AM
Thanks for following along everyone. And thanks for the nice comments about the bike! My buyer is almost a local, the bike is headed to Tryon NC. We will meet at his bank Monday afternoon to take cash and notarize the title, then drive to my house to load up his bike.

I wasn't super happy with the final number, but this is the chance you take with a no-reserve auction and no ability to schedule the end time.  Kinda difficult to account for an auction ending at the exact time the DOW is taking a 900pt nosedive and all the news coverage is 9% inflation and a pending recession.  I do think if the bike had been listed sooner, in April or May, the price very well could have been $2k+ higher.. But who knows.

In the end I had a cool project for over a year, and I got to own/ride a super cool bike last summer and this spring. This has deff made me a Loop fan for life and I do see another loopframe (the next one not so shiny) in my future. Most importantly I didn't end up underwater, I actually made a few bucks on the whole thing! (if you consider my time free)

I would go the BAT route again, but I certainly would require a reserve next time. Overall is was a pretty simple process... If you can accept not being in charge of your own listing timeframe and working with someone to write the ad, then I would say go for it.

Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Ncdan on June 11, 2022, 07:01:47 AM
Thanks for following along everyone. And thanks for the nice comments about the bike! My buyer is almost a local, the bike is headed to Tryon NC. We will meet at his bank Monday afternoon to take cash and notarize the title, then drive to my house to load up his bike.

I wasn't super happy with the final number, but this is the chance you take with a no-reserve auction and no ability to schedule the end time.  Kinda difficult to account for an auction ending at the exact time the DOW is taking a 900pt nosedive and all the news coverage is 9% inflation and a pending recession.  I do think if the bike had been listed sooner, in April or May, the price very well could have been $2k+ higher.. But who knows.

In the end I had a cool project for over a year, and I got to own/ride a super cool bike last summer and this spring. This has deff made me a Loop fan for life and I do see another loopframe (the next one not so shiny) in my future. Most importantly I didn't end up underwater, I actually made a few bucks on the whole thing! (if you consider my time free)

I would go the BAT route again, but I certainly would require a reserve next time. Overall is was a pretty simple process... If you can accept not being in charge of your own listing timeframe and working with someone to write the ad, then I would say go for it.
The buyer is not far from me. Hopefully he will bring it to either the NC or VA rally and I’ll get the opportunity to look it over.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: LowRyter on June 11, 2022, 10:27:30 AM
Thanks for following along everyone. And thanks for the nice comments about the bike! My buyer is almost a local, the bike is headed to Tryon NC. We will meet at his bank Monday afternoon to take cash and notarize the title, then drive to my house to load up his bike.

I wasn't super happy with the final number, but this is the chance you take with a no-reserve auction and no ability to schedule the end time.  Kinda difficult to account for an auction ending at the exact time the DOW is taking a 900pt nosedive and all the news coverage is 9% inflation and a pending recession.  I do think if the bike had been listed sooner, in April or May, the price very well could have been $2k+ higher.. But who knows.

In the end I had a cool project for over a year, and I got to own/ride a super cool bike last summer and this spring. This has deff made me a Loop fan for life and I do see another loopframe (the next one not so shiny) in my future. Most importantly I didn't end up underwater, I actually made a few bucks on the whole thing! (if you consider my time free)

I would go the BAT route again, but I certainly would require a reserve next time. Overall is was a pretty simple process... If you can accept not being in charge of your own listing timeframe and working with someone to write the ad, then I would say go for it.

I don't know the time and money you had in it but looking at the condition I thought the buyer got a bargain.  It was freaking beautiful, everything polished and pristine.  They never looked that good new.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: sdcr on June 11, 2022, 01:30:59 PM
I agree, and I commented as much, on the auction site.
It would certainly cost a bit more to bring a restoration, to the level of Chad’s bike.

I don't know the time and money you had in it but looking at the condition I thought the buyer got a bargain.  It was freaking beautiful, everything polished and pristine.  They never looked that good new.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Turin on June 11, 2022, 04:05:15 PM
I never consider my "time" as part of what I have invested since cars and motorcycles are a hobby and not how I make a living.  I figure my time could also be spent watching TV or performing "Honey-Do's". Fixing bikes is fun!
That's one way to look at it...
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Scout63 on June 11, 2022, 04:42:22 PM
That’s decent money but not great Chad, but that was definitely the best way to sell it.  I don’t think Guzzis get the love that airheads do. Your bike is simply fabulous.
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: bikeridertim on June 11, 2022, 05:56:22 PM
Thanks for the "Ride Along"!  STUNNIG work!
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 12, 2022, 07:27:48 AM
That’s decent money but not great Chad, but that was definitely the best way to sell it.  I don’t think Guzzis get the love that airheads do. Your bike is simply fabulous.

I would have loved a little more, but I think it's about the best an independent party can do in the current economic climate. It is annoying that if Cycle Garden listed the same bike in the same condition, they would probably sell it for $20k+ and ship it off to the prince of Oman or whatever  :boozing:
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: LowRyter on June 12, 2022, 09:53:06 AM
Would you have put a reserve price on the bike if you could re-do?
Title: Re: Bring A Trailer process thread- follow along if you're curious
Post by: Mayor_of_BBQ on June 13, 2022, 07:13:02 AM
Would you have put a reserve price on the bike if you could re-do?

Absolutely! I made under $2k on the sale, for that profit level I would have happily kept it and rode it for at least another year or two.

Of course my biggest regret is buying the LMCX100 before the Ambo sold, at that point I was kinda stuck, as I dont want to ride and maintain 2 old/vintage bikes.

If I could start over I wouldn't have bought the LeMans CX100 until the Ambo sold -- And I would have set a $12k reserve on the Ambo. 

It was never an issue of not liking the bike or anything like that. I am happy for the $1500 or whatever profit- but I am going to miss that bike sorely.