auction 'buy backs'

[mrrec]

It works very simply: At Russo, the seller's contract states he may bid on his own car. And he will pay both commissions.
At B-J the contract specifically says the seller may NOT bid or buy back his own car. It is done anyway, but the seller still pays the commission. Most of the time the auctioneer has no clue who the bidders are. Is it all honest? Is it the used car business??

The number of buybacks very widely. No one can put a number on it. An incredibly small percentage of cars end up in litigation. You bid, you buy. AS IS is all over everything, so you do your homework and that's it. The auction company has nothing to do with it and is almost never involved in a car "return". It's not Wal-Mart.

Dave