16% commission and people think stockbrokers are the only ones in the rip off business? I would be high fiving everyone, too.
Interestingly, I received a call the other day from someone who owns a late CSX 2000 (2400+). Undistinguished history although he was trying to put a good "spin" on the car's provenance. He had inquired about putting it up on the block at BJ. He said they were begging him to come out, as they are very short on original cars making it to their event (read
Evan) CSX 2000-3000) They kept telling him how much they could get for the car but were really trying to discourage him from putting any reserve on the car. The penalty for that was 15% on his end, alone.
They kept promising him that they could get X for the car and that he didn't need the reserve. Nice way to operate--absolute no lose situation. If the car doesn't measure up, the auction house still gets paid, and a win/win situation for them if reserve IS met. He finally terminated the discussion. He said they had been calling him day and night. Interesting................
This is beginning to look like 1990 all over again. Look to the sky my friends, as no bull market--believe me--lasts forever. It is fun to watch, I will have to admit.