here's a true B-J auction story...
a friend of mine went to B-J in florida last year....took his wife along to just "experience it". They were watching an auction for a 73 T top vette...he asks his wife if she wants to be on Tv, she says sure! so he enters the bidding at the mid 20's. Now bear in mind this vette last year was a low 20's car at best. so he bids a few times, and stops when the bidding hits 28K. Now the bidding is moving right along, past 30K...31k...32K...33K... he says to the wife...want to get on TV one more time? She's game, so he bids 34K.....now all this time a floor person is pumping him up......BANG...he wins at 34K!!!! plus 8% buyer commision, ,plus transport costs home to PA.....he's into this car over 37K!!!!
He sold it in September of last year for 22K....OUCH!!!!!
I told him to hold onto it till B-J in florida...at least he could advertise it as having been bought for 34K...maybe he would break even....but he was way over his head.
Now this guy is a pretty savy businessman....has a successful bar/resturant...just got caught up in all the hype!