Barrett Jackson.....

[GRB]

We all know (I hope) that the free mkt. is self-correcting. All we have to do is watch it.

HERE'S my question: Why would any seller resort to an auction unless he had already exhausted all other possibilities? Why not try Hemmings, Epay or whatever first? In fact to maximize your selling price just how would you make sure you got your car in front of the potentially very small pool of buyers?

Example - All buyers have different motives for buying whatever they buy. I have very personal memories of certain cars that would make them more valuable to me. A couple pretty good examples went across the BJ stage but I wasn't there. I couldn't bid. How could the owner have gotten that particular car in front of me? If we can answer that maybe we can start our own business.....let's see.... what would be a good name for this venture????

[musclecarjohn]

Is it just me...

...or does anyone think the constant running of "Jackson-Hewitt" tax service commercials that are run everytime B-J is on the tube...is in anyway associated with Craig Jackson...?

[Late BrakeU2]

[ QUOTE ]
Is it just me...

...or does anyone think the constant running of "Jackson-Hewitt" tax service commercials that are run everytime B-J is on the tube...is in anyway associated with Craig Jackson...?

[/ QUOTE ]

Don't know for sure,but at the least it's subliminal in concept.Ad companies are hip the strong ratings the auction has been getting,and it's economical for SPEED as it fills the huge broadcasting gap between racing seasons.It's really a match made in heaven from a marketing standpoint for both and 40 hours of reality TV ads gets some hefty revenues.I'll bet two years ago the producers of SPEED bumped the coverage contingent upon them going no reserve ,the old format wasn't nearly as compelling for viewers imo

[Mr70]

Do you guys know if a 10% sellers fee is now the norm for ALL B/J auctions,and did it just begin with their Scottsdale 07 auction?
Is Mecum,RM and R&S raising theirs as well?

[Late BrakeU2]

I believe it was the first year for for the bump at BJ,and I think R&S was 7% no reserve and 10% for reserve auctions,but i might have that backwards.

Math wasn't my major but 10% of nothin beats 18% of your own car

[rubbinisracing]

I hope I never see another BMW X5 commercial!

[mockingbird812]

[ QUOTE ]
Do you guys know if a 10% sellers fee is now the norm for ALL B/J auctions,and did it just begin with their Scottsdale 07 auction?
Is Mecum,RM and R&S raising theirs as well?

[/ QUOTE ]

R&S is 10% for seller and 10% for buyer on a reserve auction.

[Canucklehead]

Lets not forget that if your an internet bidder, phone bidder or if a barrett member is bidding on your behalf the fee goes to 12%. Craig also charges you storage fee while the car is there.

[Glenn J Coleman]

[ QUOTE ]
Nope.... If I would have had the dough I would have owned that 68 Yenko.

[/ QUOTE ]

That was Andy Wolf's car out of Indy. I haven't had the courage to talk to him since the auction. I know he turn down $300K prior to the auction. Needless to say, you can list him in the "Unhappy Seller" column.

I was scheduled to go, then backed out to take care of my folks in St Louis. I would have mortgaged my house to buy that car. Oh well..that's the auction business.

ps: I do know that he did not arrange the "buy back" procedure before the auction.

[JIM]

Charlie got me !!!! It was all good !!