Thread: Barrett Jackson Auction Week

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I'm with brother Shine on this subject again this year. I'm sure there were a couple (few maybe?) trust fund babies there, and probably some Madoff types who got where they are cheating people, but I'd bet 98-9% of them were smart enough to figure out how to earn whatever level of big bucks they've got. Some are probably guessing wrong on where values will go on certain vehicles, and some bought with emotion rather than knowledge, but like the man said, it's their money, they earned it, they make the call on how they enjoy it. We should leave the envy whines to the politicians and then ignore the power hungry, money grubbing bastards (meaning the politicians and their enablers).

Though not expressed here, but in plenty of other places on the web each year, I don't buy the "BJ is forcing prices higher....." whine either. Do some foolish people see the selling prices at this and other auctions and think they can get a huge pile for whatever clunker they've got? Oh yes, that's human nature. But when they ask silly numbers the marketplace sends them a message when no fool steps up (or rarely does) to give them silly money, no sale. If they get serious about selling they will eventually drop to reality, or they keep the clunker and whine about that too.

BJ reflects one slice of the market, a very visible one no doubt, but only a relatively small part of it.