barncobob posted:PaulEnvemo posted:
Back on Wall Street these guys would be bagged for “pumping and dumping”. It’s kind of how I view the whole auction house thing. Of course they want the highest price. They are banging the buyer and the seller more than 10 percent.
kinda like Barrett-Jackson scheme, no reserve either, thats sketchy to me..at least Mecum U can set a reserve..
BJ pushes the No Reserve because they want everyone that comes there to buy a car to know that if their bid is highest the car is selling. I think it’s harder on sellers to push the No Reserve because if the money isn’t there your car may sell for much less than you want. The reserve is a safety net for sellers, especially at the highest prices some of these cars command.