Rand Workman Friday update

[Jeff H]

Is there anyone that runs a "real" auction anymore. BJ forces people to list their car with no reserve or they won't take it across the stage and even then the sellers can bid on their own car to buy it back. That's not a no reserve auction. Then this auction with reserves showed fine print where the auctioneer could bid up to but not above the reserve for the seller! All this does is falsely inflate prices when there might only be 1 or 2 real bidders but the seller or auctioneer can create artificial bids to keep the price going up. Of course, BJ then requires the seller/buyer to pay the fees even if the person buys back their own car.