Quote:
Originally Posted by GregWeld
Really? He bought at the top.... When you're the buyer at the BJ (or any other) auction --- that means you paid the very top price for that car at that time... otherwise you wouldn't be the buyer. Nobody else in the room - or on the phone - was willing to pay more.
He hasn't bought much (and I'm usually there sitting about 5 chairs away from him) during the recession. He bought a TON of cars in the 3 and 4 years when cars where at their absolute peak and he paid peak prices.
Now -- Like real estate -- you also have a buyers premium paid -- now you have to add entry fees and selling fees to recoup.
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and many of his "Buys" were B-J Charity Cars that go for Well-Beyond Crazy Prices