Quote:
Originally Posted by davewadd
I love BAT,.... and what an awesome business model. They close about 18 auctions a day. They probably auction more cars than Barrett-Jackson or MECUM, on an annual basis.
If we guess the average commission at $2500-$5000, they are killing it! And seems like low overhead.
Congrats to the BAT guys....wish I was one if them.
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Agreed on the brilliance of the business model. BaT has discovered/developed a social media way of brokering special interest autos in a big way - taking lots of medium-sized slices from beau-coup pies.
And as can happen with any other popular product or service, I wouldn't be too surprised if before too long we see a genuine competitor on our computer screens.
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