Barrett Jackson auction
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Joined: Aug 2011
Posts: 63
Likes: 2
From: Pittsburgh
I visited a buddy of mine a week after one of the Speedchannel TV auctions. He worked for one of the vendors out front and was selling restored gas pumps there.
He said it a pretty common discussion topic on the number of rich guys who just wanted to get on TV dropping a wad of cash. He said a fair number weren't tried and true car guys and had limited knowledge of what they were buying.
The collectors and car flippers would constantly complain about the "wad droppers" as they were driving prices up.
He said it a pretty common discussion topic on the number of rich guys who just wanted to get on TV dropping a wad of cash. He said a fair number weren't tried and true car guys and had limited knowledge of what they were buying.
The collectors and car flippers would constantly complain about the "wad droppers" as they were driving prices up.
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Joined: Jan 2008
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From: SoCal
Unofficial HDF Chaplain
Joined: Dec 2009
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From: san diego
I've been to Barrat-Jackson auctions, and its one of the best car shows ever. the fact that they charge 20 bucks, so what. You pay for entertainment, and if you're a car guy, you don't mind a bit. as for getting money from both side of the sale, everybody know the rules going in, you factor in the auction fee in the price of the car. When I was there, people knew what was collectable and what wasn't. high prices, maybe, but the values keep going up and they rarely loose money on the purchase. I recommend you go to one, and just look at the cars, the vendors and all that is happening. theres a whole lot more than just the auction, and that costs money to produce
Ultimate HDF Member
Joined: Jan 2008
Posts: 6,532
Likes: 132
From: SoCal
I've been to Barrat-Jackson auctions, and its one of the best car shows ever. the fact that they charge 20 bucks, so what. You pay for entertainment, and if you're a car guy, you don't mind a bit. as for getting money from both side of the sale, everybody know the rules going in, you factor in the auction fee in the price of the car. When I was there, people knew what was collectable and what wasn't. high prices, maybe, but the values keep going up and they rarely loose money on the purchase. I recommend you go to one, and just look at the cars, the vendors and all that is happening. theres a whole lot more than just the auction, and that costs money to produce
Unofficial HDF Chaplain
Joined: Dec 2009
Posts: 21,160
Likes: 18,082
From: san diego
Road Master
Joined: Aug 2012
Posts: 875
Likes: 2
From: Where I lay my head is home.
If I knew this bothered you so much I would have asked your permission before I went there and spent my money.
Oh... I should also ask... I'm going to Vegas next weekend: How many lap dances am I allowed? Is it okay if I sit at a $25 minimum table?
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Road Warrior
Joined: Jun 2011
Posts: 1,815
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From: Pennsylvania
You guys can justify paying a buyer's premium any way you want. It's double dipping any way you look at it. Ever been to the Keeneland September yearling horse sales? $280 million total in sales, best in the country, NO BUYERS PREMIUM. Best Thouroughbred horses in the world. Only the truly stupid pay buyers premiums. Yes its the same.