[tom406]

That's the real world for the owners of high dollar street rods. If the bid gets anywhere close to 50% of investment (particularly in professionally built cars with no sweat equity factored in) it should be SELL SELL SELL. Buying back one of these cars is likely just throwing more money away. The car only gets older, more beat up in transit, and the style gets that much more out of date. Kind of like last years custom tailored suit that goes off to GOODWILL this year.

I'm not down on these cars, some of them are awesome, and incredible works of skill and style. But you lose money on them, just like the money you spend on a trip to the Carribean. Its neat and fun and cool, but in the end is a very real expense.

While I have a hard time believing those buy back ratios, I wonder if BJ couldn't protect their after 6pm sellers a little more. Maybe a reduced expense bidders pass and spectator pass that's evenings only? I know, when you're #1 why try harder, but I think there's a solution. One that would keep or entice bidders to come around in the evenings while the day crowd decompresses with dinner and wine. They can't hang the evening sellers out to dry if they want to keep the party going, IMO.