General Discussion Discuss your Oldsmobile or other car-related topics.

Misrepresentation or Outright Fraud, or Both?

Thread Tools
 
Search this Thread
 
Old March 18th, 2019, 02:43 PM
  #1  
Registered User
Thread Starter
 
nelsontj's Avatar
 
Join Date: Feb 2009
Posts: 137
Misrepresentation or Outright Fraud, or Both?

Does anyone have more information on a Sherwood Green 1970 Olds 442 W30 in the Mecum auction this past Saturday (3/16). It went for $147.5K. I looked at the listing last week and the picture of the engine bay showed it had E heads. I emailed Mecum Auctions and told them they had better take a double look at that listing because if the car came with the W30 option it should have F heads. Someone, from Mecum, emailed me back stating the guy restored it and he put in E heads. Nowhere in the listing did I see anything about incorrect heads. All I saw were words like “authentic, owner documented, etc.” That is a hell of a price to pay for a W30 with the wrong heads. Usually, cloning involves going up the food chain, not downward. I realize it is “Buyer Beware” and my dark side has little sympathy for someone who can buy at that price without doing their homework. However, I feel it is fraudulent that these auction houses are auctioning off misrepresented cars and especially when it is brought to their attention. I accidentally came upon a 2016 Barrett Jackson Auction and that same Sherwood Green ’70 Olds 442 W30 ended up costing the buyer $165K. Of course I don’t know what the extra costs were over the final bid, but that was the final price the buyer paid. It is not helping the hobby at all!
nelsontj is offline  
Old March 18th, 2019, 03:01 PM
  #2  
Registered User
 
My442's Avatar
 
Join Date: Feb 2009
Posts: 2,257
When the only tool in your toolbox is a checkbook, the hobby stuff becomes secondary.

People who have that kind of disposable income are not usually the "numbers" folks.
My442 is offline  
Old March 18th, 2019, 03:21 PM
  #3  
Hookers under Hood
 
76olds's Avatar
 
Join Date: Nov 2013
Location: Ontario, Canada
Posts: 3,543
Originally Posted by My442
When the only tool in your toolbox is a checkbook, the hobby stuff becomes secondary.

People who have that kind of disposable income are not usually the "numbers" folks.
^^^^^^^^^^ X2^^^^^^^^^^ It was represented by the owner through the auction. I see no issues. I'm sure the person who purchased the car has more than 10X the coin he spent on the car he wanted to own. I'm sure he is more than happy with what he bought.

Eric
76olds is offline  
Old March 18th, 2019, 05:12 PM
  #4  
Administrator
 
oldcutlass's Avatar
 
Join Date: Oct 2009
Location: Poteau, Ok
Posts: 40,524
Joe P already started a discussion thread.
https://classicoldsmobile.com/forums...-malarkey.html
oldcutlass is online now  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Koda
General Discussion
9
October 11th, 2016 06:11 AM
L.Thompson
Parts For Sale
15
March 23rd, 2016 11:58 AM
leepear
General Discussion
4
May 22nd, 2011 09:00 PM
olds1971guy
General Discussion
3
February 15th, 2010 05:18 PM
mustang_walker
Small Blocks
5
September 13th, 2006 01:03 PM



Quick Reply: Misrepresentation or Outright Fraud, or Both?



All times are GMT -7. The time now is 07:47 PM.