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lonetreesteve

1970 Franklin Mint 240Z up for Auction on BaT

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Ok  soggyfishtaco, I spent a lot of time going through Paul's invoices when I should have been working on customer's cars but here it is. Beginning in 9/93 I replaced a lot of parts and fasteners that were worn or incorrect. Remember, back then most of this stuff could still be had from Nissan. This is not meant to be a complete list, just some of the high lights

Battery cables (2), radiator fasteners, distributor fasteners ( I still have a few factory screw sets), valve cover loom stands, oil pressure switch and voltage reg cover. I also did some routine maintenance. Someone had lifted the car without padding the lift arms so I also repaired some related damage/scuffs

5/94 saw the replacement of his dash, carpets, trans tunnel vinyl, heater control valve, horn relay, etc, etc, etc

Several visits where I replaced things like headlamp assys which just didn't meet Paul's requirements, installed the correct radio brackets, etc

Did a lot of intake/exhaust  manifold detailing and other stuff which lead to the Gold Medallion at Atlanta

Given that a restoration is never really finished the next several years up to 8/17 saw maintenance, left door hinges, a starter, left window reg, carb rebuild (Z Therapy did the throttle shafts and I did the rest)

8/17, final visit. He brought me an NOS air injection manifold and fuel rail which I installed with fresh factory gaskets and fasteners, etc     Cheers

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The Franklin Mint 240Z sold again. On Instagram over the last few months or so I saw that it was in the 240ZGuild's shop for the last few months having some work done (mostly the underside) and was also displayed in their showroom:  

Well the Franklin Mint car has found a new home with a great car family on the East Coast where it will be placed in a beautiful car collection, while also being driven and on display in various places.

While not getting too far into the sale details for obvious privacy reasons between the Buyer and Seller, we can say the sale price was an obvious next level six figure sale based on recent record sales, and will continue to rise as the value trend continues climb for Top Tier and Historic Examples.

This car has been a pleasure from start to finish, and it has been a pleasure for the 240z Guild to help facilitate this re-home to a great car enthusiast family.

 

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"mostly the underside" I sure hope they didn't screw up the assembly marks like they seem to do to every Z that slips through their hands. Last time I worked on Paul's car the underside was PERFECT!

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15 hours ago, zspert said:

"mostly the underside" I sure hope they didn't screw up the assembly marks like they seem to do to every Z that slips through their hands. Last time I worked on Paul's car the underside was PERFECT!

Here's some more on the Franklin Mint Car including the aforementioned underside shots:

 

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As mentioned in another thread, and probably more appropriate here, the story I heard about the BAT auction of this car is that the high bidder Larry (lsteppe) already owned the car when he “bought” it for his six figure high bid - being the highest price paid for a Z at the time.

Another collector was offered the car sometime before the BAT auction for $65K, but passed.  He told me Larry then bought the car from that seller.  Larry has some sort of collaboration with Robert (the 240z guild) and they have a number of his cars in their showroom in OK.  It seems Larry had his buddy Robert (the 240z guild) put the car on BAT so he could bid it up to a six figure price.  So Larry’s bid didn’t really didn’t matter as he already owned the car and didn’t have to pay Robert (the 240z guild) for it. Granted, he did have to pay the $5K buyers premium to BAT.

But, if he was able to sell it now for six figures, seems that his initial purchase around $65K and the $5K buyers premium for the “fake” auction to set a high price has paid off for him.

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SH30-H & DougN you've hit the nail squarely on the head. I have a lot to say about that book, and some back story, but  don't have a lot of time in the am so I'll have to chime in this evening.     Cheers 

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5 hours ago, HS30-H said:

So fraud, basically.

I have often found it 'interesting' how quickly and freely Mr Larry Stepp ('Lstepp4re' on Bring-a-Trailer) and Mr Robert Jackson ('The240ZGuild' on Bring-a-Trailer) have been able to get their comments past the scrutiny of BaT administrators and published tout de suite. It's almost as though they were getting favourable treatment. Whenever I've tried to leave a comment I often find a long wait (if I'm lucky) or it just doesn't get published. And if it does get published, it only takes five individuals to get a comment flagged as 'Unconstructive' and deleted, so easily open to cliques who find a particular comment not to their advantage. 

  

 Has anyone asked BAT about the favoritism? My suspicious mind suspects something like a kick-back of funds to someone at BAT.

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The few times I’ve commented on BAT, it seems to have posted immediately, although maybe my first comment or two were reviewed first.  It doesn’t seem to me that there is any favoritism from BAT, other then letting The 240Z Guild comment on other Z auctions when that would appear to be a conflict of interest as he is a seller himself, and I don’t ever see other known sellers/dealers doing that.

BAT gets paid a buyers fee on top of, and based on, the final sale price, so it’s in their interest to have any car sell for the highest possible price, but I doubt there is any kickback as that would possibly be illegal.

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5 minutes ago, Mark Maras said:

 Has anyone asked BAT about the favoritism? My suspicious mind suspects something like a kick-back of funds to someone at BAT.

Well, the Z-specific auctions are only a small part of what goes 'across the block' on Bring A Trailer auctions, so I don't expect any direct kickback of funds.

It seems much more likely that Larry Stepp's frequently observed big-upping, namechecking and positive endorsement of BaT as "THE place to sell" would be enough to grease the wheels, so to speak. And he certainly seems to receive favourable treatment from BaT admin, as does 'The 240Z Guild'.

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BaT has no fault, here.  They have no responsibility to preside over the petty banter from the peanut gallery either.  They DO monitor, of course, as they select notable comments that enhance their business model.  They will pull a posting if people complain...and think nothing of it!  I have never had trouble with posting a comment however I try to adhere to automobile etiquette by not bad-mouthing someone's car or name-calling.  It was all I could do to keep from commenting about the "originality" of the green car that sold for $300k.  On the other hand, I saw a fellow collector bid up the last Vintage Z auction with the idea that he wanted to see a higher selling price in line with the value of his collection.  He would buy it if it was going to sell that low.  If Larry Steppford did what we are discussing, that's leaning in the fraudulent direction, definitely.

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any factually accurate post seems to get removed.  what we should do, is have 5-10 of us 'report' every 'Larry' and '240zguild' post.  that would stop their dire use of our range of cars to line their pockets.

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On 7/8/2020 at 7:18 PM, zspert said:

"mostly the underside" I sure hope they didn't screw up the assembly marks like they seem to do to every Z that slips through their hands. Last time I worked on Paul's car the underside was PERFECT!

Zspert,  Just curious, did you take a look at the pictures from Instagram on my last post from yesterday that shows the underside of the car? 

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Lonetreesteve I wasn't able to have a look, sure wish I could have. On the other hand it might have broken my heart.

About 2 months ago I got a call from a salesman asking if I would be interested in pimping for E's new Z car book. When he mentioned that my shop got a mention my ears perked up. He offered to send me an e version for my perusal. I had a look and got a bit hot when he, E, touted up the very characters we've been commenting on while devoting exactly one sentence, or is it two, to the shops that did the Z Store restorations - for very little profit.  

Go back about 20 years or so. At that time I was supplying Nissan with reproduction parts for the Z Store program. Some I already offered and some they, Nissan, commissioned. This relationship fostered a number of conversations about my experiences as a Datsun dealer mechanic during the early 70's and how the environment was, as I described it, heady.  E mentioned that perhaps some day he would write about the US Z scene. 

On one hand I'm flattered to get some ink for my business while on the other hand don't like being associated with a resident of OK who has such an extensive record of deceit. In short, If one is known by the company they keep then this book may not be in my best interest. However, could it be that a number of the the characters outlined in the book, now well known to those of us that have been in the Z world for more than 15 minutes, should indeed be known by the company they keep?     Cheers

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I wouldn’t be surprised if Larry commissioned the new book, and dictated his and Roberts inclusion to promote their own “expertise” regarding Z Cars to drive up the price of their offerings.

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