Buy Back Ratio, Barrett Jackson/Russo and Steele

[azcamaros]

Does anyone know what the buy back ratio was at the recent AZ auctions? The word on the street,here in Phx,is that it was a record year at both auctions for buy-backs; close to 60% at Barrett and 70% at Russo.

[hvychev]

Wow could that be a fact? If so why in the hell do people even bring a car their?

[Charley Lillard]

There is no way the buy backs at Barrett were that high. Prices were too good. Russo had alot of reserve cars so that ratio would be skewed.

[JoeG]

So at a buy back a seller would pay the buyer and seller BJ commission fee plus applicable sales tax???.....

[JChlupsa]

YEP!!!

[azcamaros]

The buy back at Russo was the sell rate of 5% with no tax. Barrett Jackson buy back was both the 8% sell and the 8% buy fee, 16% total with no tax. I have seen some of the big dollar cars, that were in the tent, currently for sale in the local paper. When I called on them, they were all were buy backs, at big bucks.

[Motion Camaro]

[ QUOTE ]
So at a buy back a seller would pay the buyer and seller BJ commission fee plus applicable sales tax???.....

[/ QUOTE ]

<font color="blue">Imagine paying 10 - 50K to get your own car back ... holy crap!!! </font>

[Stuart Adams]

That 39 Ford, "Orange Crush" that went across for 216 was way way below cost. That car was flawless and awesome. I'm sure that was a buy back.

As I was sitting in the bidder area it was real weird in the fact that I felt alot of cars did not do well on price of sell, and the time of day was critical it appeared. After 8:30-9:00 it appeared to drop off.

Probably common, but felt odd, and I felt sorry for some of the owners of the expensive street rods - they got sluaghtered. Definately a COLLECTOR car auction, IMO.

[Mr70]

The alternative.
Imagine watching your 200K car sell for 32K ... holy crap!!!

[Bill Pritchard]

[ QUOTE ]
I have seen some of the big dollar cars, that were in the tent, currently for sale in the local paper. When I called on them, they were all were buy backs, at big bucks.

[/ QUOTE ]

So let me understand this correctly.....you call the number listed in the newspaper ad, the seller has no idea who you are, and he readily volunteers that he bought his own car back at the auction What do they stand to gain by volunteering that information?