Todd's 'GREENIE'.

[JoJo357]

HiYa,
Todd Bertrang's Arguable Infamous 1940 EL--aka 'Greenie' just sold at 2020 Mecum Auction Las Vegas.
image.jpg >>> $200,000.00 **I bet Ole' Todd crapped bricks when the bid stalled at 120K!

https://youtu.be/rofwZtPVdZU >>> Link to day 4. at Mecum Auction 2020 *YouTube.

*M.A.D.*

[Rubone]

That bike is just like the government....smoke and mirrors.....

[JoJo357]

That bike is just like the government....smoke and mirrors.....

I'd say it's more like a...P.T. Barnum quote: "There's a Sucker Born every Minute".

*M.A.D.*

[JoJo357]

**MECUM WEIRDNESS!!!
**EXPLAIN THIS?!! And...There are Numerous examples!!

fullsizeoutput_7f3.jpg >>>1966 BSA Lightning. Sold at 2020 Mecum Las Vegas. *$24,200.00
fullsizeoutput_7f8.jpg >>>1934 H-D VLD. Sold at 2020 Mecum Las Vegas. *$17,600.00

00k0k_kPA4pSNyB2T_1200x900.jpg >>>1969 BSA Thunderbolt. *Listed on Craig's List *1-24-2020 $4500.00 *(Original, 1 kick-runs Great).
fullsizeoutput_7fa.jpg >>>Todd & New Owners.
*M.A.D.*

[Steve Swan]

$24.2k for a '66 Lightning is nuts, seller must be laughing all the way to the bank.

[JoJo357]

$24.2k for a '66 Lightning is nuts, seller must be laughing all the way to the bank.

Not only that Steve, when the BSA arrived on stage, the announcer stated..."Perfect for any Man Cave''! haha
Also, lots of really obvious 'Faked Aging' on this Auction.
"When you're born, you have a seat to the freak show, when you're born in America, you have a front row seat". George Carlin.

*M.A.D.*

[Steve Swan]

Not only that Steve, when the BSA arrived on stage, the announcer stated..."Perfect for any Man Cave''! haha

*M.A.D.*

good gawd. what a dog and pony show.

[46servi]

What did Todd pay for it ?

[hogchild71]

What time on the you tube vid does Mr. Burtrang's bike go up for auction? Thanks
Fred

[murph]

Roughly 6:31 on day four

[JoJo357]

What did Todd pay for it ?

Todd bought 'Greenie' in January 0f 2014 at Bonhams Auction-Las Vegas for $140,000.00 plus premium fees, which put the grand total at $159,000.00. So he made 41 grand profit, minus Mecum fees. But, he had a reserve of 300K on the two times he tried to sell the 1940 EL on eBaY, in the past year and a half.

All in all, a pretty good day for Todd. He sold a 1947 James, H-D dealer signs, and some parts, plus memorabilia. I added the totals and it was around a quarter of a Million.

*M.A.D.*

[BoschZEV]

So he made 41 grand profit, minus Mecum fees.

Mechum charges the seller 10% so he made somewhat less at $30k (less shipping charges), which works out to an average profit of 3.6%/year. Over the same period the stock market rose 80%, or 13.4%/year. Had he put the $140,000 into an index fund instead he would have $252,500 today instead of the $189,000.

Irrespective of the actual buyer's and seller's fees plus transportation costs that I'm not taking the time to look up he lost at least $50k over what he would have had with the money in a stock market index fund instead. Of course there are intangibles with owning a motorcycle that merely looking at the cash doesn't take account of. But when you write about the cash "profit" someone made by buying and selling a motorcycle, you can't ignore the effect of inflation or the stock market unless your intent is to make yourself feel better (or fool your spouse into thinking you made a wise "investment").

[rwm]

You can negotiate sellers fees down during pre consignment . Several large auction houses offer zero seller fees on items re auctioned through them. I don't know if mecum has this option.

[BNSONS]

Could-a, would-a, should-a. Sounds like sour grapes to me. Some people need other people to make money for them, some do not, it all depends on what type of person you are. I personally enjoy making my own money and couldn’t stand having my broker make or lose money for me. Just like there’s really no right or wrong answer on the best path to turn a profit, there will always be someone who will find fault in someone else’s bike. Not because it was a bad purchase, but because of who owns it. Let it go people. He made an honest profit, a profit, not a loss regardless of the spin anyone wants to put on it.

[JoJo357]

Hello,
Some quick shock waves from 'Greenie'.
fullsizeoutput_806.jpg >>>Caption Below.
**mr.oldjunk
FOR SALE - Now that Greenie Sold for 200k...you have the opportunity to buy BLACKIE...Original Paint 1941 EL...family history and Picture...Original California Pink Slip...$149,000..never been in any U tube videos...shes never been Molested...DM

**I wonder what Greg's price would have been if 'Greenie' sold for 100K?

*M.A.D.*