[Nedsel]

99% of the cars at Barrett-Jackson are consigned with no reserve, hence they are going to sell. You may occasionally see the situation where there is simply no real buyer present, and if the consignor thinks he is really going to get burned, he might arrange to buy his own car back, usually through the bidding of a friend. But that costs commissions, so it had better be worth it. At last week's B-J auction, I saw several instances of the auctioneer apparently losing track of where the last few bids had come from, and having to back-track. Sometimes this results in "lost" bids, where either whoever made the bid says no they didn't, or the auctioneer may have, uh, accidentally accepted a bid that he can't identify. So they go back to the point of the last confirmed bid and start the process over again. It's confusing because of the pace they maintain and the unintelligible auction-speak B-J seems to like, where if you can't see a monitor, you have no idea where the bidding actually might be.