[sammyg2]

At BJ Saturday has always been the big day with Saturday night bringing the most expensive cars.
Sunday has always been the cars that were just a little nicer than the Thursday cars.

Let's face it, BJ has over-saturated an already depressed market.

They have the scottsdale auction, they have the Florida auction, they have the Palm Springs auction, they have the Las Vegas auction and they added the OC auction.

We already have pebble beach, we already have R&M, the last thing we needed with the economy in the toilet was another california auction for specialty cars.

The really nice cars are tucked away in a warm cozy garage waiting for better days.
Imagine you own a really nice expensive collector car that was worth $100k 3 years ago and now cars just like it are selling for $20k and that price falls further at every auction they hold.
You'd prolly kick yourself in the arse for missing the market, then accept the fact that you're going to have to sit on the car for a long time.

That is unless you were irresponsible and needed to dump your car right now, no matter what.
Suppose you were one of those tools who cashed out every bit of equity in their house when the price was sky high. I know you aren't but just imagine you were for the sake of this discussion.
Then you became an even bigger tool because you didn't feel like making a house payment for the past 18 months, hoping the bank would cut your mortgage in half.

So now the bank has forclosed, you have a notice to vacate, and all you really have anymore is a big stack of bills, a deep feeling of shame and guilt, and your beloved collector car which you must now sell or live in it. Either way.

You need to dump it fast and the buyers know it.
They also know it could continue to drop in valve for several more years so they won't offer squat for it.
Everyone can see that except the jokers at BJ who have watched their crazy cash cow dry up and are afraid to admint those days are gone forever.
So they decide to try and make it up in volume.
They're like the owners of a video movie rental store who can't figure out why they don't have any customers anymore.
The days of charging through the nose just for THE PRIVILAGE of buying or selling a car at one of their auctions will soon be gone. What are they charging, 8-1/2% from the seller and 2-1/2% from the buyer or something like that plus bidding fees etc? Just to use their tent?