Thread: Barrett Jackson Auction Week

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Originally Posted by DA34GUY

Ya forgot Roger that the seller pays 10% also.
Have sold there many times.

That's just amazing to me, Don, and the announcers never mention a seller fee that I have heard. They make a big deal of "...hammer price plus a buyer's premium". You're saying that the Super Snake, selling for $5M had BJ collecting $500K from the seller, and another $500K from the buyer? Insane, IMO. I guess we know why Craig Jackson is always smiling.....

Originally Posted by shine

a car is worth exactly what someone is willing to pay for it . their money their call .

Shine, I agree, but I'm also reminded of PT Barnum's famous quote about fools and their money, and another about sheep being fleeced....

collectors do not care what a bunch of hotrodders think. it is their hobby and investments . if you follow it they set the prices by what they pay. be kind of hard to call a man with several million dollars worth of collector cars a fool. the fools were all the streetrodders who flooded the auction years ago thinking they would get rich only to find their car was still worth only 25k and had to pay to sell it . i know very few car collectors who loose money but know very few streetrodders who ever break even . cars are investments just like property or anything else.