I think the gist here, is that the quality of original cars is mostly crap now at BJ, because of the risk of a no-reserve auction. And while these sales are real, they are an anamoly compared to the market. Nobody says they did not happen, but they have to be taken with a grain of salt when analyzing the market. Most of the time the best cars still change hands privately by informed enthusiasts.
I have watched more than one fellow hobbyist get smoked at BJ with great cars. This particular site, has quite a few big smart players in the game (not me
) and they know what is going on.
John
Have purchased 3 cars at auction.
10 straight Scotsdale BJs
Russo and Steele Scotsdales since they started
At least 20 assorted Mecums
A few RMs
and 18+ years of daily open-outcry auction participation on the financial floor of the CBOT
