Auctions in general

[JHS]

After going to Scottsdale B-J in 2007, I was infatuated and disgusted with the whole process. Appeard that the appeal of the auction was to be on TV and flaunt how much money you have. Main objective of the televised sales was to be seen with the dude with the sun glasses, as if he is someone special. If these cars that run through these high-profile auctions are so valuable why are they not sold outside the auction process to the collectors that end up with them when the hammer drops? Unless you are Carol Shelby I have not seen any real deals for the seller and fewer for the buyer after factoring in the costs of vehicle and personal transportation, lodging, food, venue tickets, time off from work (I have to do that to survive), buyer and seller's premiums, etc.. The only thing really worth looking at was the women and I can not afford them either. The shill bidding just adds another distasteful element to the process. At least Russo has a reserve. I think a person that would agree to a no reserve auction is taking a very big risk or has something up his sleeve to protect his investment.