Randy Nonnenberg, the Internet's Coolest Car Guy – Bloomberg

Bloomberg Markets Asia. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens.
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, around the clock from around the world.
Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth
China-HK Border Will ‘Fully Reopen’ Next Month, SCMP Reports
Hong Kong Bitcoin, Ether Crypto ETFs Raise $79 Million in Shadow of FTX Crisis
ECB Is Doubling Down on Rate Hikes Just as a Recession Bites
Argentina Inflation Spikes to 92% as Economic Growth Picks Up
Colombia Boosts Minimum Wage by 16%, Pressuring Central Bank
Veon Nears Sale of Pakistan Towers to TPL-TASC Group
Macau Casino Stocks Face a Reckoning After Searing Rally
Veon Nears Sale of Pakistan Towers to TPL-TASC Group
Twitter Suspends Accounts of Mastodon, Journalists Covering Musk
FTC Asks Twitter How It Plans to Comply With Consent Decree
Peru Judge Orders Castillo to 18-Month Detention
North Korea Tests New Engine for Long-Range Missile Strikes
Elon Musk’s Tesla Share Sales Could Point to Debt Help for Twitter
These US Towns Got a Lot More Expensive in the Past Decade
Ultra-Rich Chinese Push Premier Singapore Golf Entry Fee to $618,000 for Expats
Airline Revenue Is Pressured in ‘Off-Trend’ Calendar Quirk for Holiday Season
Does Legoland Foretell the Great Rate Pivot?
How the Hawkish Fed Is Kind of Like a Donald Trump NFT
India Is Turning Toward Free Trade, for Some
Seven Takeaways From Businessweek’s Cocaine-Smuggling Cover Story
How a Cocaine-Smuggling Cartel Infiltrated the World’s Biggest Shipping Company
Chinese Companies Are Flocking to Indonesia for Its Nickel
NCAA Found to Have Violated Labor Rights of Student Athletes
New York AG James, Ex-Chief of Staff Sued Over Sexual Assault Claim
Dozens Rescued After Landslide at Malaysia Campsite: Bernama
Pacific Ocean’s Plastics Cleanup Hindered by Trade Barriers, APEC Says
In New York Neighborhood, Police and Tech Company Flout Privacy Policy, Advocates Say
NYC Weed Crackdown Nets More Than $4 Million in Illegal Products
NYC Helicopters Are Back, Sending Noise Complaints Soaring 678%
What Crypto’s Decline Means for the Future of Bitcoin ATMs (Podcast)
Sam Bankman-Fried’s Arrest Shows Crypto Cops Are Catching Up
How 2022 Became A Very Bad Year for Crypto — And Its Biggest Players (Podcast)
Randy Nonnenberg 
Hannah Elliott
Subscriber Benefit
Subscribe
Sign In
Randy Nonnenberg started Bring a Trailer in 2007 so he and his friends could buy and sell vintage cars. Today it has more than 900,000 active users and 400,000-plus registered bidders. The site’s fun live auctions are the draw. Bidding can get pretty heated: If a counteroffer comes in the last two minutes of a sale, two more minutes are put on the clock, with bidders going head-to-head while thousands of people look on and comment, often astutely, on the action. The format is so successful that established auctioneers such as Bonhams, Gooding & Co. and RM Sotheby’s—whose online auctions haven’t traditionally been live—have developed their own versions.
A Stanford University grad who held various jobs at BMW of North America LLC, Nonnenberg has made the buying and selling process more efficient, too. Buyers pay a 5% service fee, half of what the big auction houses typically require, and it’s capped at $5,000, whether the car sells for $100,000 or $1 million. Sellers pay a $99 listing fee. In January a 2005 Porsche Carrera GT sold on the site for a little more than $1.9 million, a world record for that model, and then two weeks later one with only 250 miles sold for $2 million.

source