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Thread: Cars and Bids in Canada?

  1. #41
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    Quote Originally Posted by mr2mike View Post
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    Sounds like a good channel.

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    I don't mind Doug but listening to him saying Cars and Bids gets old fast. The straight pipes are not bad. Them and the throttle house are like Coke and Pepsi. Savagegeese got his own quirkiness as well.
    I like engineering explained but it's more of a tech channel than car review.

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    I watched a Doug video today, he seems to like to talk about the kind of dumb shit that interests me so that’s a win in my books.

    Made me feel like I should watch more videos.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    I mostly like dumb shit.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  5. #45
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    Quote Originally Posted by lilmira View Post
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    I don't mind Doug but listening to him saying Cars and Bids gets old fast.
    ..and throwing his hands up like it's some spectacular website when in fact, it's pretty poorly put together imo. And come on Doug - after a few months you can stop calling it "new".

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    I keep reading this thread title as cars and birds in Canada and I think you still need a car to get to the best birding spots.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Quote Originally Posted by cjblair View Post
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    Thesmokingtire/Matt Farah is one of my favorites.

    Just found out this week his dad is pretty successful. Was named Chief Executive of the company that operated bloomingdales when he was 33, led Woolworth through a change in business to focus on athletic shoes, which spawned footlocker. Was COO for Ralph Lauren, Chairman of Tiffany&co , Co-ceo of Tory Burch, blah blah blah.

    Wait, was this thread about fashion and retail or am I lost?
    Correct, a lot of people hate on him because his dads money is a large part of where he is today. I personally don't care, and if my dad hooked me up with a trust fund i'd most definitely use it to fuel my passions. The new car storage complex he built in LA is one such example, i saw a bunch of CRE guys breaking down the estimated cost to build vs. potential net income and it seems like a losing proposition business wise. But again, who cares?

  8. #48
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    Hi guys I'm shmeeeeeeee

  9. #49
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    My friend just bought a W210 E55 AMG on Cars and Bids, seen like a pretty normal process. It's up with no reserve and the seller was kinda sad cause it didnt pull as much as he wanted.

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    Quote Originally Posted by 2Legit2Quit View Post
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    Hi guys I'm shmeeeeeeee
    die
    Originally posted by sputnik
    Cell providers are the next Blockbuster video stores.

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    Quote Originally Posted by Team_Mclaren View Post
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    My friend just bought a W210 E55 AMG on Cars and Bids, seen like a pretty normal process. It's up with no reserve and the seller was kinda sad cause it didnt pull as much as he wanted.
    That car has the biggest collection of the stupidest subtle mods that I've seen in a long time. S55 badge on the back is a good one.

  12. #52
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    All the cars seem to be from the States so doesn't a Canadian buyer needs to be aware of what's actually even importable to Canada before bidding and what not?

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    Quote Originally Posted by cjblair View Post
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    That car has the biggest collection of the stupidest subtle mods that I've seen in a long time. S55 badge on the back is a good one.
    Agreed, and that wing is brutal. But it wont cost a whole lot to put it back.

    - - - Updated - - -

    Quote Originally Posted by shakalaka View Post
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    All the cars seem to be from the States so doesn't a Canadian buyer needs to be aware of what's actually even importable to Canada before bidding and what not?
    .... just like any auction or buying a car in the states... yes...

  14. #54
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    Doug wins.

    https://www.forbes.com/sites/kbrauer...h=7458d59f1b3d

    And now, with a $37 million investment from The Chernin Group (TCG) in his recently-launched Cars & Bids auction site, Doug can add “entrepreneur” to his list of accolades...

    "I still own a good chunk of the business and I’m still going to be day-to-day involved,” Doug assured us.


    Absolutely bonkers on a third-rate platform selling ~$100mm a year and grossing ~$4.5mm. But good for him.

  15. #55
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    I'm assuming they will revamp the platform significantly. They just want the brand and association.

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    Agreed. They're leaning VERY hard on Doug's reach to his audience.

    The CEO their parachuting in was previously at eBay motors and has experience with other more polished platforms. TCG also lead an investment in Hoodinkee, so they like this space.

    Still, very bonkers $$$

  17. #57
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    Valuations cease to amaze me nowadays

  18. #58
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    Now I wonder how much BaT was sold for.

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    Quote Originally Posted by Xtrema View Post
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    Now I wonder how much BaT was sold for.
    I can confidently say it was in the very low 9-digits.

    Even if Doug retains only 1% of C&B, their valuation blows BAT out of the water... Which is why it's such a head-scratcher to me.

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    Quote Originally Posted by you&me View Post
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    I can confidently say it was in the very low 9-digits.

    Even if Doug retains only 1% of C&B, their valuation blows BAT out of the water... Which is why it's such a head-scratcher to me.
    Especially considering it has only moved 1/4 of cars in value compare to BaT when it was sold.

    Wait, 9 digits? As in $100M range? BaT brought in $68M rev last year if based on 5% commission. So that ain't bad for a dozen or so programmers keeping site up.
    Last edited by Xtrema; 01-30-2023 at 02:53 PM.

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