Mecum - Pebble Beach

[enio45]

wow - just amazing results......economy is good!

[66cayne]

at that level is the buyers premium negotiated ?

[tom406]

Only if they’re having trouble meeting a previously agreed upon reserve- ie the house will kick some of their calculated fee to the seller to facilitate a completed deal. Otherwise there’s no reason for the house to bend, and I wouldn’t expect them to-their party gathering is contributing to the result as much as the car when you get into some of these unexpectedly high bid scenarios.

[66cayne]

so Dana just scrapped a cool 1.5 million from the sale of these 5...?

[Unreal]

Originally Posted by 66cayne

so Dana just scrapped a cool 1.5 million from the sale of these 5...?

That's revenue, not profit. Not to say he doesn't make a LOT of money, as I'm sure he does, but there's also a LOT of expense in producing these auctions.