The biggest problem with the Barrett-Jackson auction is that most of the bidders are not car people, they are just using the=is medium to make money. Most of these dars will wind up on the block again at a later date. This has inflated prices and is keeping real car people from owning and building the cars that they want. Enough said on this subject.
I'd guess it starts with people that actually gettheir hands dirty in their garage instead of having a "garage" that more closely resembles a "do not touch except to wax and even then I pay someone to do it" museum.
The vondutch bus was gutted of the prized items, and left with leftovers. The etched window..the one item that made that bus look good, was taken out before BJ. Thres a another thread with a more detailed description.
i've been on both sides of the fence. i remember how i was shunned by my neighbors when they hauled my doublewide in. then right up the road they haul in a triple wide... the nerve of some people. jealousy can ruin your outlook. i hear you can get two story models now.
okay then bj made what %of the total sale minus thier expenses? speedvision paid x? for the coverage.?. the bj staff/ owners keep thier hands in thier own pockets during the (charity auctions).. no matching $ as far as i know in any group of people some will always have more loose money.. even tho most must still ask the guy next to him if he should bid again???? and after all whats a few grand when the bidding is at 300k plus.. a very small % as for waiting until the second or third call for a bid ... means all others are out ... anyone know what the pushy ringmen get for pay/ commission? the weekend show was way more entertaining than football evercould be.. paperdog
I heard the Speed people say that the auction crew works for a fixed salary but they can get bonuses if certain sales levels are met or exceeded. I read several old car forums and B-J is a hot topic all around. Some very interesting views from people who have been going there for years and have dealt with the B-J people. Couple of things to think about. Did you all notice how the bidding on some cars stalled out kind of low and they just dropped the hammer and moved on, while on some other cars when the bidding stalled they pushed and pushed until they got it rolling again. Why is that I wonder? Also, I'm kinda thinking that some of those phone and internet bidders that would help run up the prices at times may have been phantoms. I mean, how would anyone know? One last thing I read, B-J is a no reserve auction. Everthing sells for the hammer price no matter what. If you consign a car you have to sign a contract that says you won't withdraw the car and have to sell it for the hammer price. So, lets say Freddy Goldchain has his billetmobile that cost him $150k in the auction. It's goes up on the block and bidding stalls out at $80k. What does Freddy do? Does he a) let it go for $80k and take a $70k loss, or b) bid on it himself (or have a buddy bid on it) essentially buying it back. If he chooses b) he gets to pay B-J both ends of the commission to the tune of 18% or, in this case, $14,400, a lot less than $70k. But the people on TV see a nice car go for low money and say to themselves, "Wow, that's a deal, I've got to get in on this." I'm not saying that happens all of the time but even a little bit makes the whole thing suspect. All that said, I have no problem with people spending their money any way they want, regardless of how they earned (or didn't earn) it.
I was had the understanding that a seller could pay both ends of the commisson and buy the car back. If I am wrong I would like to know for sure. I know if I owned that 1929 Packard coupe that was immaculately restored, I sure wouldn't want to let it go for $29,000. I would be there bright and early on sunday morning when the place was deserted and try and buy at a bargain. The seats were kinda empty Sunday morning.
Never been to B-J, but at Reno, customers buy there own cars when it looks like they will lose money...Do it all the time!..........OLDBEET
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