Quote:
Originally Posted by 347stroker
Do the math. After all the fees paid, the auction houses cut and travel expenses have you gotten a good deal? Seeing that B-J is a no reserve auction you stand the chance of losing big time. That happened to an acquaintance. If you choose to sell at an auction choose well. Tom
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The market price is what the buyer pays, which is the selling price plus the buyer fees. The seller may in fact be getting a bad deal, but the buyer doesn't care about what the seller receives. They buyer only cares about what he pays. If auction prices are rising, then the values of the cars are rising. Something is worth exactly what someone else will pay for it.