Barrett Jackson.....

[JTH74]

They bought the car for 75K and sold for 300K, I don't see what they were bitching about, pretty good return if you ask me. Where was Ferrari hat guy and Alan Jones, I didn't see either one of those guys. What happened on the Futureliner deal last year that left one bidder very upset? B/J is good entertainment, much better than anything else that I could have been watching.

[JoeG]

When there is a reserve price, can't the seller lift the reserve if he feels it's close enough to what he expects.??-----------Could a seller ask to have a reserve price at BJ or was he kinda passed over for someone who had a ample supply of tums and was willing to " gamble" with his car.........??..........Just lookin for an education..

[sYc]

[ QUOTE ]
When there is a reserve price, can't the seller lift the reserve if he feels it's close enough to what he expects.??-----------Could a seller ask to have a reserve price at BJ or was he kinda passed over for someone who had a ample supply of tums and was willing to " gamble" with his car.........??..........Just lookin for an education..

[/ QUOTE ]

Yes..and... no.

A seller can lower, or even lift his reserve, this was done on numerous occasions at Mecum.

I believe B/J will only take cars sold with No Reserve.

[Stuart Adams]

BJ is simple economics. People wanting to sell at No Reserve out number the lots he has available. When he doesn't fill all his lots then things may change, until then no way. He gets his no matter what, american dream.

[m22mike]

[ QUOTE ]
They bought the car for 75K and sold for 300K, I don't see what they were bitching about, pretty good return if you ask me. Where was Ferrari hat guy and Alan Jones, I didn't see either one of those guys. What happened on the Futureliner deal last year that left one bidder very upset? B/J is good entertainment, much better than anything else that I could have been watching.

[/ QUOTE ]

I saw " Little Red Farrari Guy " Live on Saturday. He was up on the podium with the boy's for awhile.
I forget to bring my Malox !

[TXSS]

I've never been very comfortable with the whole no-reserve B-J set up. The seller appears to take all the risk. There is no real incentive for them to work the crowed when they get their squeeze either way, unless it's a million+ dollar car. But let's be honest. With out sellers there is no auction. The sellers have allowed B-J to write the rules. Short of any unethical or illegal activities you can't fault Craig Jackson for being allowed to write the rules and make millions in the process. I know very few people, business men, investors, what ever that given the same opportunity would not have done the same thing. Any seller that expected to invest 75K in a car and turn it for a million and then complain about only selling it for 300K (if that's the real story) is just as greedy as CJ. I'm not saying that there is anything wrong or right about being greedy, but lets not call the kettle black. Sellers have allowed B-J to become the monster it has become and only the sellers can change it. B-J can't pay the bills selling pianos and soap box derby cars. If they in fact turned away 3000+ no reserve cars it may be a wile before things change.

I've attended both R-S and B-J. For entertainment B-J is a ton of fun but for selling a car the R-S auction is much more my style, reserve pricing, much smaller, much more intimate in fact to intimate for there to be any shill bidders or missed bids. Plus those guys at R-S really work the crowed. If a few more major auction houses had auctions in Scottsdale during B-J week they would have to take reserve cars.

[JTH74]

I missed that part of the auction on Saturday night, had to attend B-day party for my father-in-law, Ferrari hat guy is usually all over the place on Friday and Saturday night.

[427TJ]

[ QUOTE ]
But let's be honest. With out sellers there is no auction. The sellers have allowed B-J to write the rules. Short of any unethical or illegal activities you can't fault Craig Jackson for being allowed to write the rules and make millions in the process. I know very few people, business men, investors, what ever that given the same opportunity would not have done the same thing. Any seller that expected to invest 75K in a car and turn it for a million and then complain about only selling it for 300K (if that's the real story) is just as greedy as CJ. I'm not saying that there is anything wrong or right about being greedy, but lets not call the kettle black. Sellers have allowed B-J to become the monster it has become and only the sellers can change it. B-J can't pay the bills selling pianos and soap box derby cars. If they in fact turned away 3000+ no reserve cars it may be a wile before things change.

[/ QUOTE ]

Well said Rick.

[Late BrakeU2]

There was a cat on Chevelle tech last night recalling how he had been to every BJ Scottsdale since 1971.Wonder what the en vouge stuff was back then..

[Ngtflyr]

IMHO anyone who hasn't attended Barrett Jackson but has thought about it....go! It has everything you could imagine that is car related, there is so much it is overwhelming and getting bigger all the time. There is too much information to process. If it is true that 3000 cars were turned away you won't be seeing the no reserve aspect going away any time soon. It amazes me that they accept some of the junkers that go accross and makes me wonder what they turned down. There are some amazingly cool cars there and definitely something for everyone, no matter what you like. Would I run a car through BJ? I have considered it but don't think my heart would take it, talk about high stakes gambling, too many risk factors and no reserve. It would hurt like hell to buy your own car back, especially if you shipped it there and had to haul it back. I have sold a few cars at other auctions in Phoenix, Kruse and RS, with a reserve, that is nerveracking enough. I would however consider buying a car at one of the auctions, even with the fees, there are steals, especially early and late in the day. And you really can't fault Craig Jackson, like so many others have said, wish I had though of it, what a racket, he can't lose. He gets you coming and going, attendance fees, concessions, merchandising, TV royalties etc, etc. Joe Blow public thinks they can pull any heap out of the barn, run it thru BJ and break the bank. BJ is referenced all the time on ebay and ad after ad as the market price. That is what the general pulic views as the benchmark. For a more pure muscle car auction I recommend RS, great cars, and plenty of them, you can still do a reserve and there are good buys to be had. I will have to check out RM, I've never went but plan to in the future, always hear good things about it. Any of it would beat what I'm doing currently, AFN didn't even carry BJ at all as far as I could tell. Oh Well, guess I can catch the reruns when I get back in a couple weeks.