I recorded the Scottsdale Auction week, and as I watch I'm amazed at the number of buyers who have more disposable income than they have sense. Some of these hammer prices are simply out of sight for what they're buying, and then consider that every one sold has a 10% buyer's premium that goes to Barrett Jackson for the privilege of buying at their auction. That after auction deal on the Super Snake for $5MM netted BJ a cool 1/2 Million dollars for doing nothing but allowing the sale across their stage, and processing some paperwork.

One of my boys works for Garmin Flight Ops, and one of their guys took a King Air out to Scottsdale during auction week to show their retrofit flat screen avionics package to a King Air owner, pitching it for an upgrade. He came back saying the he'd never seen so many high dollar airplanes in one spot in his life! A small piece of the 1% came to town, and they were out to impress each other....