I Made So Many Mistakes at the Mecum Auction - Heres what I did wrong.
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- Опубликовано: 30 янв 2024
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We brought 5 cars all of special interest totaling over $150,000 and a over a months worth of work to the Mecum Classic Car Auction in Kissimmee Florida and the results weren't good.
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Tell Relevant_MarketingandEvents to STOP with the music when you're talking! Thanks.
Better quality filming should turn into bigff fr fr views and sponsorship bro . 💪🏾
Please don't turn into another one of those channels just pushes content filled with ads and sponsorships just to make money. I do like the video format better this way but drop the background music when you are talking, it's a bit too much.
lawyers, are you effing kidding. can you please raise the bar. effing lawyers
exactly. and lawyers?? lol just plain gross @@powertothesheeple5422
Stop going to Mecum Auctions other than a visitor......Stick with what you know....Not rental houses....Not boats......Stick with what you know and stick with your buyers.....Regular people....They stick with you....
Yeah this was extremely sad to see. Although I can see Craig as a real estate developer
@@startingtech3900nahhhh he can’t develop this channel so the bricks will just be the same.
Most of his videos from the beginning are of him making horrible car business mistakes. He doesn’t learn from them, he just learns new ways to make mistakes. 😂
Obviously he’s making money. In his type of business, you can’t be right 100 percent of the time.
@@JetFire9 you can’t fix stupid
When you pay 1300 for shipping and 10% seller fee there's no meat left on the bone
Don't forget the $3000 listing fee.
Yup, Not on $8k cars, the buyer isn’t willing to pay auction fees and shipping…. In January….
Look at how bad the economy is. That Fox Body he sold should have brought 10 grand easy. It's a V8 convertible. He gave that car away
It is hard to turn out volume like that though.@@user-wi4zz9bp2z
@@gregorylyon1004 - the buyer did end up paying $10k out of pocket. That’s the whole point. The buyer is responsible for his auction fees, shipping and tax plus any repairs/ upgrades Craig didn’t do. All of these cars are FB Market Place spring time cars. No one wants to sit on these things 4-5 months before they can enjoy them. Statistically speaking to add on $2k for fees and shipping is a substantial amount on an $8k car whereas not so much of a percentage on a $100k show car.
For a small dealer trying to make money by selling cars at Mecum or Barrett is almost impossible. First you are competing against above average vehicles so if yours are OK then you are in trouble - second there are too many fees and transport costs. Your best bet is to sell from your home turf on Cars and Bids or BAT. Cars and Bids has no seller fee. You have a big audience and the car is sold in 7 days.
The top of the Mopar is called a Mod Top and yes that’s original. Sorry your gamble did not pay off…but now you know. Also if you are honest with yourself you picked up some questionable cars and tried to sell them for a profit at Mecum…you did not sort them out mechanically or cosmetically. Source cars from Florida, Texas, California, Arizona and sell them at home…unless you acquire a nice speciality car on the cheap you are unlikely to ship cars and pay auction fees and still make a profit.
Mecum, Barret, these auctions are dinosours. Nobody of younger people would come to these auctions...
he tried an idea for youtube and it went bust because you never know who is going to show up at mecum. some times you win, some times you lose. there was another yter who went to barrett - same thing. both depend on marketing & many don't have the money or don't find it fun - or the wive divorced them getting tied up in the hype and coming home with a car.
I'm not a dealer and knew this was going to be a big money loser. Reminds me of a relative of mine who buys borderline quality stuff and thinks it's all going to bring in big bucks. Be more realistic and save yourself some pain. (unless the goal was to make the money back on RUclips advertising)
It takes months to list something on cars and bids, not feasible for dealers or in quickly changing car market.
Michael Lamm {Special Interest Autos and many other publications} said many years ago that the only winners at old car auctions were the auction houses. The buyers and sellers always lost. For over 50 years in this hobby, I have seen this repeatedly proven to be true. One time only, I was tempted, and I have been forever grateful that I sat on my hands.
Couldln't agree more. Don't forget the transpport companies they make money.
@@stwhite5135- yup! either way they’re going back to the seller or to a new buyer.
"Mod Top" on the Mopar. Factory Option. GTO is not missing the hood tach. Was a stand alone option. Had to be specifically ordered.
Used car salesman games didn't work on the big stage 😂
Yeah man some of the things were slimy
He’s still a stealership at the end of the day. A fresh haircut doesn’t change the scent.
Mercedes was "alright"? Bro the fucking clear coat was coming off and the top wouldn't go down
@@donnieherzog1403 Mercedes R230 roadsters (SL500, SL600) are a dime a dozen in Florida and the southeast and everybody knows that Active Body Control is a ticking time bomb that will drain your checking account. On what planet are they worth $15,000?
They are all used cars none are fresh off the lot 😂
Auction Houses are like casinos the only winner is the house.
The difference is that many casinos will give you free booze and a cheap buffet.
He knows what he doing, not his first time at auction. But he sure knows how to market his RUclips channel.
Thanks for the honesty and humility. That's why I keep watching
The family time with dad n brother is priceless....so stay positive...
Called a “ Mod Top” a rare option!
If I remember right, that Super Bee was the only A12 optioned Super Bee with the mod top.
As long as you learned from your mistakes...You win. Great videos
Craig, in all fairness. The Floral top A12 is the only known to exist. Restored by a very well known Mopar/A12 enthusiast and collector. The cars story is unlike any other car as it was removed from a salvage yard in the 90’s, passed through a few owners until Darrin purchased it along with the new NOS top back in ‘16 and it debuted after completion in Spring 18 in Minnesota.
Until that car, I had never seen an A12 go beyond 150k.
Many professionals that have been going to Mecum and Barrett Jackson lost money too. I had the pleasure to meet you and your family at Mecum. Even you loose a lot of time complaining, you will keep on trying new things, until you make it big. Thanks for being open with the numbers. Good video!
i love your honesty and love your videos. i love cars and this is very entertaining. There are not a lot of people brave enough to show their mistakes. I wish you luck and i think you will do better next time.
You just blew the value on that mustang and trans am. Now there's proof that the cars have never seen rain is a lie!!! LOL
Love the professional camera work! A definite plus! As far as the auction, I applaud your desire to run with the big dogs, but frankly, Mecum is well above your level. My son and I have been watching Mecum, Barrett-Jackson, Silver, etc and we were both puzzled by the cars you brought to the auction. They just weren't competitive. I would have thought you could have seen that by auction watching. Anyway, lesson learned and great humility on your part!
Thanks for showing behind the scenes, Craig!
Everyone is such a damn critic! Craig, your doing great! You have a great business that pays your bills, raised a family and have great fun toys! You can afford to go to the Mecum auction and have fun and learn too. As a 30+ year general repair shop owner I get and live all you do to help out dealers! Maybe I should do a mechanic shop channel? What do you think???
Dude!!! stop being so hard on yourself, if you dont try, you dont learn. Must people or afraid of risk, but put those down that take risk. it's easy for a guy to create a play after it's been played. those that do are jealous of your ability to attack a risk, like a true man .😇
your family loves your you and you admitting it was a bad time and you had them working just shows they obviously did it but did it for you. It's a loss but respect your family and enjoy with them now and know you owe them.
The JUDGE has the hood mounted tachometer. The 1st one shown did not. 👍
👏
6:12 - “Mod Top!!” Rare option for sure!
You made mistakes that you won’t make again that is life’s lessons, good job my man
Gday Craig,
“You make your money when you buy, not when you sell.” You know this already. I think you were forgetting this valuable rule. Your margins were already narrow and I think you had started taking too much “Hopium”.
I buy/sell earthmoving equipement here in Oz. You know that feeling when you pay considerably less than a vehicle is worth and you know you are going to make good money when you sell it? I know you do, it’s why we do this. If you are not feeling that feeling when a deal is drawing to a close…. walk away. There are always more deals.
“If it was easy, everyone would be doing it” you live and learn my friend.
Cheers 🍻
You're a guy definitely worth learning from. Heavy Equipment is tough man. Well worth it but it's tons harder than "cars". At least from the couple guys i knew that did it for a living also. To them selling cars was childs play compared to the million plus every day pieces of equipment they had to deal with.
The problem was he did not consider his target buyer. They’re not willing to pay auction fees and shipping on $8k cars
I am truly sorry for your troubles, however i really appreciate your honesty. Very refreshing. Great video
Didn't have time to look at the other comments,but yes that is a factory vinyl roof on that Dodge. I replaced many,many vinyl roofs in the 70s, 80s and beyond. I remember that patterned vinyl.
Never to old to LEARN! Thanks for the vid.
He gave away that Fox Body Mustang. That car should have brought $9500. It's a V8 convertible. The most desirable combination
You sound a lot like I did back in the 90's, you need to concentrate on the cars that make money, not the hot cars that you like! Straight to the point man, your lucky you have that kind of scratch to throw around! Your gonna be bankrupt soon if you don't change your business model.
Obviously mecum isn't his business model. Used high mileage cars is. 😂 it was an experiment, that didn't, on the "surface" work out. I'd be willing to bet, the whole series, paid off pretty damn big. Business model working just fine
I really appreciate the truth. Most people only post how much they made and much if it is BS.
As an experiment it was interesting. Got some good time with bro and Dad and wrote it off.
Enjoyed your video as usual. Entertaining and instructional. I'm always amazed at the input of haters. They sit in their mom's basement and never take a chance themselves but never miss an opportunity to belittle or criticize someone with a pair of balls. Apparently makes them feel good about themselves and their sad lives. Thanks Craig, looking forward to your next video.
Craig, It would be fun to watch your dad pick out 5 cars and see how he does next year. Its a bummer ya didn't get a big payday with any of your cars ya brought this year but it was still a fun watch, Mecum was sleeping on that Skyline.
69-70 Mustang, 1970 Chevelle SS, 1970 'Cuda, 70 Challenger R/T, 1969 Road Runner, and 1969-1973 Trans Am. If I had them it would be hard to sell them though. I would want to keep them all..
No, he just needs to go and look at the eye candy next time. Leave the selling to the deep pockets.
Thx for sharing with us even though was rough auction; tough business but ur learning 😊
You tried a different way of doing business. You picked up on the failures during the process, it confirms what you already know. It was interesting content. I look forward to you getting back to your usual stuff at your shop. The video quality is fine without a crew. England.
It must have been cool being on the stage with your pops and brother at least.
Congratulations on the Mecum Auction follow-up video. Not too many You Tubers go through their warts and all like Craig from Flying Wheels.
I watched the previous Mecum Auction Day video and l wonder if your cars lacked a 'quirky enough provenance' as l loved all of your vehicles you chose.
Would the regular Manheim Car Auction or Doug DeMero's Cars & Bids be better suited for you?
Warmest Regards - David from Melbourne, Australia
🥸👌🍷🍷❤️❤️🦘
PS: l ❤ the more professional videography AND you've reduced the waffling a tad too... keep it up.
🥸👌❤️
I got a 1985 Rolls-Royce
1976 Rolls-Royce phantom
1985 Porsche 944
All in excellent condition, gonna try the mecum auto auction here in Houston Tx, and hope i make a sale. i seen the mistakes you made, and i won't repeat them. Thanks for the informative video.
Very Interesting Video! Thank You! 👍 Sorry about your Losses.
Transportation and auction fees are hard to overcome !!!!
The lesson you should learn is not to try to sell junk. That Mercedes you wanted big money for had a ruined clearcoat and a convertible top that didn’t work. Don’t sell junk and want big money
Honest video now you no truth Car Auctions always make money. My friend had same experience with the other major car auction.
Awesome. Nice camera like being there.
Awesome that you put yourself out there for everyone’s benefit!
Bottom line is you took a shot and it didn’t work out but you learned a valuable lesson. So there is a benefit to that. I’m also surprised that the corvette didn’t bring a good selling price however prices have dropped on them and the market is pretty loaded with vettes.
Awesome video and good luck going forward 👍🏻
Hi Craig. God rough week bro. I love that CTS Wagon. You had two of them at the same time at your Garage. A Wagon and the Car version if you remember. Good video. 😅 🇨🇮
Definitely educational and we appreciate seeing videos with real life experiences. One can't always win...
I am not a car enthusiast as I have other interests but I do enjoy watching the Mecum and Barrett Jackson auctions, When I see the cars and people bidding I get the feeling that they cater to a certain high end clientele. that are seeking out the BEST cars on the market and they buy and sell them as I would stocks and they know what the car's value is at a future auction. That isn't to say that some are added to collections but I am more inclined it is a buy/sell situation, Justy my take.
As a car enthusiast, i think being a buyer vs seller for fun/drivable cars is the best opportunity. Cars under $100K. Life is short. Buy to drive, look for resto-mods, cars you wanted as a teen, where the parts/time to make is more than what you spend!
I have been doing business with a guy here that has a consignment lot . He charges $39.00 per month to keep your car clean , does all the title work, can arrange financing for buyers .
His inventory ranges from sports cars, to SUV's and even motor homes , campers and the occasional boat . He does not sell junk , but many of his cars are high mileage.
Rich and Dead People use Auctions to sell Cars they don't want. They are willing to take a loss to sell the Car. The only Cars that do well at Auction are the Rarest Cars. Auctions are good places to buy these Cars from the Rich and Dead. I'm 68 and have been in the Surplus Auction Business for 50 years. It's easy to buy and harder to sell.
You're a friend i would love to have. The knowledge you have...whew. I would love to just shadow you and listen for weeks, soak in as much as humanly possible.
Those auctions are for high end vehicles rare trim packaged models etc. I saw that from a mile away and I'm a couch bum. It's a lesson learn from it and apply that knowledge to future decisions
Even the high end cars are selling at a loss. Those 2 Corvettes should have sold a lot higher.
That is an EXTREMELY RARE SUPER B!!!!!! Wow, I’ve only ever seen 1 with that top ever before. Richard Rawlings has a video on his RUclips channel about that exact spec super b. Never ever see those that is either the car that they then restored shortly after or it’s the 2nd one only in the world left.
Great series to watch. You put in a lot of effort to make some great content. If you do this again, do one or two cars that are really special and you know you’ll make good money on. And enjoy the auction instead of stressing over it.
I thought he said the minimum number of cars to participate was 5.
Fees ALWAYS bother me at the auction. I guess most people don’t know the buyers get charged ridiculous fees aswell!!! 😮😢😂
Those auction houses are ripping off buyers and sellers. Mecum and Barrett Jackson
I actually saw a few of those tops/interiors when they were new when my Dad always took me car shopping (we went all of the time) and I knew it was a thing in the late 60's and early 70's. Info: For 1969 and 1970, Plymouth and Dodge offered mod, floral-print designs on vinyl tops and interior upholstery. Variously called Mod Tops, Pop Prints and Floral Tops, they were available on the 1969 Plymouth Satellite and Barracuda; the '69 Dodge Dart, Coronet, and Super Bee; and the 1970 Barracuda/Cuda.
I thought one of the MFG's called them, "Paisley tops" ?
Yes, the Floral Top was available on the Dodge//Plymouth. I saw one on a grey Satellite at the Plymouth dealers in 1968
I was there for three days. A lot of cars went for a lot more than the owner was expecting. Watching Barrett Jackson I felt sorry for a lot of the sellers because they bought a lot less.
Thank you, Its always hard to admit to mistakes we make, so thank you for baring your soul and telling us the truth.
I'm not a car guy but I really enjoy your videos from a small business guy perspective. Good stuff, keep it up.
The tac was missing. But I can’t remember if it was optional or not? Drank a beer or 3 since then. lol Stay blessed @Craig
I've been to Florida many times and I have never gotten in and out without getting rained on. Being from the REAL "sunshine state" (AZ), Florida's nickname always gives me a chuckle.
I once heard a gentleman say "I never Fail, I either LEARN or I SUCCEED"
great stuff dude thanks, sorry for your loss
Ghanks for the vid! Imo. The ultimate GTO a 67 with a 6 pack.
The best car you have is the 2003 Mercedes SL500. If you can get it to Australia, I'll buy it , no worries!
My exposure to Mecum auctions is only from YT channels, but one thing that is very evident to me is that Mecum has collector cars and speciality cars in restored or proper retail condition as the main offerings, most of which you bought were not anywhere near those conditions. When I saw what you were buying in the leadup, I was stunned you would think that stuff in those conditions would sell for more than scrap. The ones that make money from these big auctions are the auctioneers. You had half the right idea, buy them in Florida and transport them up to your yard, clean them up properly and sell them there.
Mecum and Barrett Jackson rip people off. They are collecting huge fees for doing absolutely nothing. 10% to buyer and seller plus extra fees. Craig JACKSON is the one getting Rich. Not Craig flying wheels. LOL
Craig thanks for letting us in your life. When you win we win and when you lose we lose, Stay to buying and flipping cars you keep our interest and your great at it,
Just found your channel loving the content and honesty
Yes Mopar had those tops as an option. I watched a show one time and they were talking about that. I totally forgot until you showed that. Very rare option ( wonder why lol) now people got nuts over that
Sorry this adventure didn’t work out for you but is was an education. Would Definitely Like A Follow Up About The Fee’s & The Inner Workings Of The Bid Goes On Lane🚗
I'm a dealer and sent one Roush Mustang in mint condition to Mecum and it was a disaster! Never again. They make all the money! And it's a big waste of a lot of time! I tried it just to see what it's about and have no problem selling my cars myself.
What happened? Fees eat up your profits or no bids?
Worth a try and few lessons learnt. Times are a lot tougher now for this part of the average Joe car market.
What I find a little disturbing, is when a phone bidder calls at the end of the indoor bidding process - and "walls" away with the car. No thanks.
Great video sir! The movie was hit and run, great flick!
Hit & Run was the movie with the CTS-V wagon
Very informative ! I'm pretty certain @12:47 that homemade hood scoop on a 1969 Mustang is NOT a "NASCAR Edition" Mustang. I'm no authority on Mustangs but going back 50 something years i've never ever even heard of a "NASCAR" anything Mustang. I'd have to see proof.
Fun video and a great experience with your dad and brother so it was a win win. I'm sure they enjoyed watching you sweat and run like Steven Seagal.... ha. still too many dopey GIFs. Big fan.
Hi Craig, sorry to hear you got screwed with no lube at Mecum auctions. That is not the place to go to make money unless you have something rare as hens teeth. Like that Super Bee. As for your question about the roof. Yes in '69-'70 they came out with the "mod top" on dodge and Plymouth cars from the factory. Obviously they were ahead of their time because they are desirable and rare because they didn't sell many with that option. The nice thing is that you were smart enough to not just blow the cars out at a big loss and sell them yourself. I've been trying to figure out how much you've lost but I don't think it will be that much after selling them yourself. Big hello from the West Coast of Canada. I've been a fan and watched your channel for years.
"Sometimes you win, sometimes you lose, sometimes it rains." - Ebby Calvin 'Nuke" LaLoosh
Or all three.
Hi Craig yep it was a bad move on your part and you are an experienced dealer so it mustn’t be easy thanks for making the vids tho.hi from New Zealand 🇳🇿
Blue floral tops optioned on 1969 Satellite and 1970 Cuda, yellow floral tops optioned on1969 and 1970 Cuda, green floral tops optioned on 1969 Dart and Coronet. The blue and yellow tops are referred to as "Mod Tops"
I have an 83 280ZX I was going to take to the B-J auction that is going to premier here in New Orleans, in a few months. Unfortunately I wasn't able to get it in and registered in time, so I'm going to have to try and sell it elsewhere. I'm not sure what you need to do to get a car into Mecum, but there is a lot of hoops you need to do in order to get your vehicle/s into the B-J auction arena.
NASCAR EDITION Equals The Boss 429. Only one with the big hood scoop.
you've completely worn me out too!! think i'll stick to my airline job and my vw
In regards to the top, yes that is factory, it was/is called a "Mod top". Incredibly rare.
That car looked like a clown car with that top. Who would want to be seen driving it ??? Original or not. LOL
Hey at least you didn't buy a Kawasaki Z2 without a VIN. But someone did.....for $85,000. Fortunately for the buyer they got out of it. But it can ALWAYS be worse 😂
No VIN ?? It's probably stolen. LOL
Sorry to hear about the misfortune. Its all a lesrning process.
One thing about your family joining you to help. You look at it as a bad thing. The best stories ive had in life were ones that included some difficulty. My brothers and i look back fondly on the adventures we had with our dad.
Also, in regards to Mecum, im surprosed you took average cars there. I alwaus assumed these well-known auctions were for rare specialty cars.
I lived in FL and had a claim about roof damage. My insurance company offered $750 to replace my roof. I contacted Morgan & Morgan in Melbourne, FL. I received a little more than $30K.
The Judge is not the full load GTO, it was a mre barebones model available with the big power engine without all the extras to compete with the barebone version of the Super BB and Roadrunners from Chrysler.
Mod Top!…wow….uber rare option. Wish you would have told us what it sold for.
Wow, your info was all over the place. Very hard to follow. I'm wishing you the best in your future car deals. Thanks
Money is tight.
Only the 1% r's can drop big money.
Guys in 100 -K to 150-K are in a hold.
1970 GTO....missing the tach on the hood
Sorry for your loss 😢
I retired years ago, I was a small licensed dealer. I sold theft recovery trucks and vans. Made 4-6,000 per rig. Why lose money to over hyped auction house that charge you 10%+
And the buyer 10%...they eat up all the margin..
Craig... you look like a used car dealer with your sunglasses... It's cloudy there...
That is when you need more protection. The clouds filter the UV rays and burn you faster.
I learned a lot . thanks
Mod top A12 Super Bee! ❤ Yeah, they did that in the 60s and 70s. Just Google Dodge and Plymouth Mod Top
"you can hear me better" as the mic peaks and distorts. I would ask for a discount from the video crew.
If you ever come across a vw wesfilia/cabrio /cabriolet and a dodge neon srt4 those cars are gold sell fast and be good cars !! Plus I love this mbz convertible