Bernie's car collection for sale

[TheDeuce]

super7 said:

Commission will probably pay for the new showrooms in Hook Norton and the new house up the road….

Definitely if the commission was based on selling each car separately, which is obviously more effort. What is the standard commission on historic cars? It's got to be at least 1% surely, similar to luxury house and yacht sales.

[CoolHands]

bergclimber34 said:

They will simply be buying it as an asset to sell on later in life, these cars are pretty much priceless individually to some people. For the money it's a bargain really as I am sure they could raise far more sold solely

Exactly. Personally I couldn’t care less, it’s just more rich people taking care of rich people and minimising tax.

[thegreenhell]

I wonder how much part THJ actually played in the deal to earn a fat commission, given that BE and and Mateschitz already know each other quite well?

[TheDeuce]

thegreenhell said:

I wonder how much part THJ actually played in the deal to earn a fat commission, given that BE and and Mateschitz already know each other quite well?

One imagines that there wasn't much to be done other than cross the T's etc. The Mateschitz family either want to buy the collection or they don't, it's not as if THJ could petition to change their minds either way. Smaller collectors might have wanted to 'go on a journey' with THJ adding value to the purchase by explaining each cars importance and why they believe certain cars will gain more value faster etc etc, but not the Mateschitz's who have motorsport/cars in their blood and know exactly what each car is worth and how to protect/increase that worth.

I suspect the bulk of whatever communication there was with them would have been direct to Bernie - it's not as if they don't have one another's phone numbers...

[Jules Sunley]

Isn't Bernie the financial backer of THJ? If that is the case then I would guess more of a big PR stunt to help them both rather than a genuine 'fat commission' deal, with maybe just a flat fee. Kudos for THJ and 'free advertising' and if Bernie has a stake in the business he will also benefit from any boosted sales numbers. Either way, an interesting transaction of memorable cars.

[TheDeuce]

Jules Sunley said:

Isn't Bernie the financial backer of THJ? If that is the case then I would guess more of a big PR stunt to help them both rather than a genuine 'fat commission' deal, with maybe just a flat fee. Kudos for THJ and 'free advertising' and if Bernie has a stake in the business he will also benefit from any boosted sales numbers. Either way, an interesting transaction of memorable cars.

If so, he'd still put the transaction through as if he were any other customer. The fees paid would still go into THJ coffers, even if he does eventually benefit from a % of that boosted profit.

The fee, would still be the fee and it would be unusual to offer a discounted rate to an investor as that would require the board to ignore their duties to the interests of the company.

[Jules Sunley]

TheDeuce said:

Jules Sunley said:

Isn't Bernie the financial backer of THJ? If that is the case then I would guess more of a big PR stunt to help them both rather than a genuine 'fat commission' deal, with maybe just a flat fee. Kudos for THJ and 'free advertising' and if Bernie has a stake in the business he will also benefit from any boosted sales numbers. Either way, an interesting transaction of memorable cars.

If so, he'd still put the transaction through as if he were any other customer. The fees paid would still go into THJ coffers, even if he does eventually benefit from a % of that boosted profit.

The fee, would still be the fee and it would be unusual to offer a discounted rate to an investor as that would require the board to ignore their duties to the interests of the company.

Interesting, thanks. Never considered the board and discount angle.