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    Thread: Cheap E24 M6? Nope, because idiots.

    1. Member 16volt's Avatar
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      10-05-2019 09:58 PM #1
      Thanks to DiamondDave this came to me at 580 bucks, 48hrs later its at 7700. Nope.

      Storage unit sale.

      87 M6, hit in every panel except the doors, trunk and the front pass fender. Off the road since 07, 118K-ish.





      https://www.lockerfox.com/auctions/d...-XGnzLd3ytAUf4

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      10-05-2019 10:06 PM #2
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    4. Member Pnuu's Avatar
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      10-05-2019 10:47 PM #3
      I'm pretty sure that an open auction, with the highest bidder winning the product, is the utmost example of capitalist market pricing.

      Any particular item is worth the most that one person is willing to pay at that time... and if that person is happy and willing to pay it, I wouldn't call them an idiot.

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      10-05-2019 11:20 PM #4
      Yeah i’ve noticed this a lot on online auction sites. I’m guessing people think they’re going to resell something for a lot of money and end up just taking the loss when they realize they bought something for market price. That or maybe this will be an expensive parts car?

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      10-06-2019 02:36 AM #5
      I’d be super leery of a car with a hand built engine (which could be fine, or it could have a window in the block), and that you cannot see into the interior (which could be a disaster).

      Given that, and that it needs body/paint work, I’d say $7700 is a very strong bid.

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      10-06-2019 11:57 AM #6
      Quote Originally Posted by Numbersix View Post
      I’d be super leery of a car with a hand built engine (which could be fine, or it could have a window in the block), and that you cannot see into the interior (which could be a disaster).

      Given that, and that it needs body/paint work, I’d say $7700 is a very strong bid.
      It’s still sitting on TRX Michelin’s. Up to a point it was cared for. But the unfixed minor dents and stuck antenna scream “I ran out of money and need to hide my M6 so the repo guy doesn’t find it”.
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    8. Geriatric Member spockcat's Avatar
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      10-06-2019 12:08 PM #7
      No keys, no title, don't know if it is running. What could possibly go wrong?

    9. 10-06-2019 01:33 PM #8
      Hmmm love these especially with the BBS wheels. Forgot what old movie had one in red

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      10-06-2019 02:06 PM #9
      Quote Originally Posted by 16volt View Post
      Thanks to DiamondDave this came to me at 580 bucks, 48hrs later its at 7700. Nope.

      Storage unit sale.

      87 M6, hit in every panel except the doors, trunk and the front pass fender. Off the road since 07, 118K-ish.
      A neat barn find-ish story at the right price for someone.


      Quote Originally Posted by Numbersix View Post
      I’d be super leery of a car with a hand built engine (which could be fine, or it could have a window in the block), and that you cannot see into the interior (which could be a disaster).

      Given that, and that it needs body/paint work, I’d say $7700 is a very strong bid.
      Remember, these are detuned race engines from the M1. I wouldn't exactly call them fragile. However, yes, if you are buying a used, high-strung Motorsports car that looks like it hasn't moved in 12yrs+ (my experience is that cars were off the road long before the tags expired), you're going to have some real costs to go through and bring it up to date.
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      10-06-2019 03:06 PM #10
      Quote Originally Posted by Diamond Dave View Post
      A neat barn find-ish story at the right price for someone.




      Remember, these are detuned race engines from the M1. I wouldn't exactly call them fragile. However, yes, if you are buying a used, high-strung Motorsports car that looks like it hasn't moved in 12yrs+ (my experience is that cars were off the road long before the tags expired), you're going to have some real costs to go through and bring it up to date.
      I totally understand the allure of the M6, but the issue with this is you have zero idea as to whether the motor is good or not—is that the reason it was stuffed in a storage unit in the first place?

      Not to mention the body and paint work if you want a really nice car...which = $$$$$.

      I dunno, at five figures it’s a roll of the dice for someone. Just not me.

    12. Member turbo_nine's Avatar
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      the kidney people wouldn't take it
      10-06-2019 07:06 PM #11
      Quote Originally Posted by a n d r e a s View Post
      Yeah i’ve noticed this a lot on online auction sites. I’m guessing people think they’re going to resell something for a lot of money and end up just taking the loss when they realize they bought something for market price. That or maybe this will be an expensive parts car?
      Yes, and then yes.
      call it potatography

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      10-06-2019 09:31 PM #12
      They can keep it.
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      10-06-2019 09:36 PM #13
      Quote Originally Posted by 16volt View Post
      Thanks to DiamondDave this came to me at 580 bucks, 48hrs later its at 7700. Nope.

      Storage unit sale.

      87 M6, hit in every panel except the doors, trunk and the front pass fender. Off the road since 07, 118K-ish.
      What were you expecting, exactly?
      I gave up dailing old and rare cars and became a normie.
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      88c900t wins again, you really ****ing crush it at listing a ton of cheap options
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    15. Member MGQ's Avatar
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      10-06-2019 09:50 PM #14
      Quote Originally Posted by 88c900t View Post
      What were you expecting, exactly?
      I'm guessing for it not to be afflicted with BaT disease before we even know if it has an engine?
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      10-07-2019 09:12 AM #15
      Quote Originally Posted by MGQ View Post
      I'm guessing for it not to be afflicted with BaT disease before we even know if it has an engine?
      Ooo wouldn't that be something lol.

      Today the OP learned that things sold in auctions generally sell for more than the opening bid.

    17. Geriatric Member BRealistic's Avatar
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      10-07-2019 09:30 AM #16
      Did Ebay ever address the seller pumping up price with fake bids, then offering the item to the highest real bidder for slightly less than the bs sold at bid because "buyer backed out " scam?

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      10-07-2019 11:56 AM #17
      Quote Originally Posted by BRealistic View Post
      Did Ebay ever address the seller pumping up price with fake bids, then offering the item to the highest real bidder for slightly less than the bs sold at bid because "buyer backed out " scam?
      You know that’s not a scam as the definition exists, right?

      You’re under no obligation to buy it at your last highest bid. You can negotiate it down, come to your senses and not buy at all, or anything in between.

      Yes it’s unethical to pump your auction with fake bids, but this isn’t a scam.

    19. Member Pnuu's Avatar
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      10-07-2019 12:01 PM #18
      Quote Originally Posted by BRealistic View Post
      Did Ebay ever address the seller pumping up price with fake bids, then offering the item to the highest real bidder for slightly less than the bs sold at bid because "buyer backed out " scam?
      Shill bidding, if it is obvious and can be proven, will get a seller kicked off eBay pretty quickly.

      But that's also a possibility in any auction. The easy solution is to bid what you're willing to pay, and if the bidding goes higher you stick to your initial maximum and let someone else have it. If the highest bid is fake the seller won't sell it.

    20. Geriatric Member BRealistic's Avatar
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      10-07-2019 12:37 PM #19
      Quote Originally Posted by vwwtchr View Post
      You know that’s not a scam as the definition exists, right?
      You're under no obligation to buy anything ever.
      I call it a scam because they are intentionally misleading the actual bidders and breaking ebay rules.

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      10-07-2019 03:27 PM #20
      Quote Originally Posted by vwwtchr View Post
      Yes it’s unethical to pump your auction with fake bids, but this isn’t a scam.
      While you aren't wrong, I think you missed the point that a shill bidder put a higher "winning bid" that obviously drives the perception of price up higher. Then they go to the snd highest bidder acting like "the car is worth it as you can see by the bidding, would you come in at your last bid or a little higher"?
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    22. Member 16volt's Avatar
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      10-08-2019 01:59 AM #21
      It's up to around 9K at this point. You could still part out the motor and make money but getting it on the road again would probably be a fools errand unless one wanted this as their forever dream car.

      I have seen a full S38 rebuild and cost wise you would be better off rebuilding a Porsche 930 motor. Simple stuff like lifter shims for this thing just arent available for normal money. It's a very special motor and the reason I went with a 635csi instead of a M6. Sure, its not as cool but its as reliable as mail truck.

      For 3-4k though color me interested.

    23. Planters (fasciitis) peanuts. Dang dogg Sold Over Sticker's Avatar
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      10-08-2019 02:06 AM #22
      Yeah S38 costs have me scared. In 2013 when I got my E9, I had passed on an M6. I was scared of a low mile car that had sat for years after the owner passed and left it to his kids. Waking an S38 up back from the dead can cost some moooooney.
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    24. Member 16volt's Avatar
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      10-08-2019 02:18 AM #23
      Quote Originally Posted by Sold Over Sticker View Post
      Yeah S38 costs have me scared. In 2013 when I got my E9, I had passed on an M6. I was scared of a low mile car that had sat for years after the owner passed and left it to his kids. Waking an S38 up back from the dead can cost some moooooney.
      Big money. Like a 930 topend is about the same at 15-18K.

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      10-08-2019 07:48 AM #24
      Quote Originally Posted by Diamond Dave View Post
      While you aren't wrong, I think you missed the point that a shill bidder put a higher "winning bid" that obviously drives the perception of price up higher. Then they go to the snd highest bidder acting like "the car is worth it as you can see by the bidding, would you come in at your last bid or a little higher"?
      FWIW, I don't know if that was ever an issue on car auctions.
      Big price items may attract more attention from ebay if sketchy.
      Also, high seller ratings for cars are harder to come by and keep, so sellers may not think it worth the risk.
      I mainly saw that type of action on sub $200 items.

    26. Member turbo_nine's Avatar
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      10-09-2019 10:13 AM #25
      Quote Originally Posted by BRealistic View Post
      Did Ebay ever address the seller pumping up price with fake bids, then offering the item to the highest real bidder for slightly less than the bs sold at bid because "buyer backed out " scam?
      I tried to sell a collectible motorcycle a couple years ago on ebay. If I recall it correctly, I had to reject bids from users with low or zero feedback to get an actual buyer. Otherwise it just got bid-up a little past market value and then ... the low/no feedback user would never respond. It was beyond stupid, and it had nothing to do with me. I'm still unsure who it served to make fake bids and derail an auction for a bike that only a handful of people ever wanted anyway, but it was totally unhelpful to me.

      That's just to say that for some reason it's not always the seller pumping invalid bids higher.
      call it potatography

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