Quote:
Originally Posted by Tecnorobo
Been watching it all day.
Pretty disappointing compared to previous years auctions  |
I also agree the quality of cars is way down this year as are most of the prices despite the commentors claims. I have watched this thing continuously for several years mostly because I really like seeing the unusual and beautiful cars - that 58 Impala Convertible on Friday was some kind of nice piece of work!
But all that said I have for a long time (along with many others) been convinced the whole thing is a scam with ghost bidders all over the place and the fact that consigners are allowed to bid up their own merchandise thus overcoming the touted "no reserve auction". Also the prices are generally far above the going prices for most of the vehicles except the rarest of rare. That Ferrari of Rick Hendricks last night went for at least $20-30K above the going price for similar ones.
The thing also has an ill effect on those trying to buy older cars on the normal market because people see that show and think they can get those kind of prices for their old stuff - as much as I loved that 58 Impala and as fine as it was restored $180,000 is way out of reality.
And then there is the 10% fee charged to both buyers and sellers - what a rip! Oh well Tim the Tool Man and Jay Leno can handle it.
Either way though it is fun to watch, I have seen all but a few hours of the thing.