[Steve Shauger]

[ QUOTE ]
The whole thing come down to this Yes many seller Knew it was no reserve
BUT the Jackson Group told many of the seller Don’t worry We will work the car we are experts I guarantee you will get your money and may be more Problem is the
Guarantee was not in writing . and The way I see it and I have been around to long to see that this has started A very bad situation.. I have been jumping all over the web and I can say for a fact I have NEVER seen so many people pissed off at B/J If Craig wants to be bull headed and keep on have no reserve auctions 5 years form now we will not be seeing it on speed and it will be down hill from here
All the people here that thinks The no reserve is a good thing. Well Think of it like this You put your house up for sell . your are looking to get let say 300.000 for it BUT you have to sell it at a no reserve meaning if some one offers you a 150.000 you can not say no and you will be forced to sell it Does that Make any sense??? NO
Then Why should some one that has over 200.000 in a car and gets an offer for 75.000 and can not say no That’s NUTS
I really believe the whole no reserve mess will be history if not then we will see B/J will start to decline to
A slow death

[/ QUOTE ]

All the sellers knew what they were getting into. With a no reserve auction there is an inherent risk. Many may have lost site of this since over the past several years tremendous profits have been realized (shame on them). It is interesting to note I have not seen a post from an actual seller bitching or whining about the out come of their particular sale. I do see a lot of finger pointing and bitching about the auction from spectators and TV watchers. Last year everyone(almost)were singing the praises of the auction... nothing really changed. We all make choices and if you choose not to participate in BJ so be it, but it is still the greatest show on earth.

If the no reserve auction process is not in the best interest of the sellers the market/sellers will find alternate venues to sell their cars. Lets not condemn the process that has work so successfully in the past, rather let the market define its merit.