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Old 01-24-2007, 03:32 AM
TXSS TXSS is offline
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Default Re: Barrett Jackson.....

I've never been very comfortable with the whole no-reserve B-J set up. The seller appears to take all the risk. There is no real incentive for them to work the crowed when they get their squeeze either way, unless it's a million+ dollar car. But let's be honest. With out sellers there is no auction. The sellers have allowed B-J to write the rules. Short of any unethical or illegal activities you can't fault Craig Jackson for being allowed to write the rules and make millions in the process. I know very few people, business men, investors, what ever that given the same opportunity would not have done the same thing. Any seller that expected to invest 75K in a car and turn it for a million and then complain about only selling it for 300K (if that's the real story) is just as greedy as CJ. I'm not saying that there is anything wrong or right about being greedy, but lets not call the kettle black. Sellers have allowed B-J to become the monster it has become and only the sellers can change it. B-J can't pay the bills selling pianos and soap box derby cars. If they in fact turned away 3000+ no reserve cars it may be a wile before things change.

I've attended both R-S and B-J. For entertainment B-J is a ton of fun but for selling a car the R-S auction is much more my style, reserve pricing, much smaller, much more intimate in fact to intimate for there to be any shill bidders or missed bids. Plus those guys at R-S really work the crowed. If a few more major auction houses had auctions in Scottsdale during B-J week they would have to take reserve cars.
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Rick

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