- Someone recently bought a 1982 Toyota Pickup SR5 on Bring A Trailer for $15,000.
- The seller originally hoped to get thousands more but agreed to No Reserve terms.
- Now he’s finding out the hard way what No Reserve can really mean for sellers.
Over the past decade, the automotive world hasn’t just been changing, it’s been completely restructured. Now, that disruption has made its way into the classic car market. What used to be a relatively stable corner of the industry is now feeling the ripple effects.
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One recent example? After a streak of Toyota trucks selling for big money at a Bring a Trailer auction, a similar model suddenly fell far short of those high-dollar results. And when it did, the seller made their frustration very clear in the comment section.
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This 1982 Toyota truck is a survivor. It has an almost brand-new 2.4-liter 22R Stroker inline four, a five-speed manual gearbox, Old Man Emu shocks, a dual-range transfer case, a Warn grille guard and winch, and several spare parts. Other trucks not too different than it recently sold on the platform for over $40,000.
Despite that, the folks at Bring A Trailer must have suspected that this wouldn’t really go for that kinda cash. The seller says in the comments that he requested a reserve of $17,000, but BaT said no to that request.
When someone asked, “Sounds like it should have had a reserve of 30k. Why do a no-reserve auction…?”, the seller replied in the comments: “I wanted to do a $17k reserve, and BaT said no. So for this auction, BaT would have paid me that extra $2k. Long story short, I will never be using nor advising use of BaT again.”
Photos BaT
The seller learned a tough but straightforward lesson: No Reserve means exactly that. In this case, it also meant a loss of around $14,000. He claims to have bought the truck for $17,000 and invested another $12,000 into it before the sale. It sold for just $15,000. That’s a tough deal.
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Sometimes, such auctions lead to big-time bidding wars since everyone knows that it will lead to a sale. Other times, though, it can leave a seller stuck with a far lower bid than they hoped for. In this case, the seller could’ve done things differently. He could’ve rejected Bring A Trailer’s advice, he could’ve sold the car on another platform, or he could’ve just sold it personally. Let it be a lesson to all of us.
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Photos BaT
#Guy #Reserve #BaT #Hes #Furious
