Re: 56 400

Posted by fred kanter On 2011/5/10 6:24:16

Auction prices listed by auction companies almost always include buyers premium, as it si in the interest of the auction firms to show cars selling at higher and actual (total) prices. On the B-J site referenced there is a note that the price includes the premium.

ON the subject of cars showing up at successive auctions. I believe that's either because the seller wants a higher price and keeps "shopping" it, or if it is declared sold then it really wasn't sold. (Figure out what is really going on).

At a "no reserve" auction with an 8% buyers and sellers premium it costs you 16% of the sale price to buy back yoiur own car, in this case about $6400. A very expensive proposition.

Doubting Thomas