I have been watching Mecum and Barrett-Jackson auctions for years now.
Why do the cars at Mecum sell for a quarter of what they would bring at Barrett-Jackson.
Most of the cars have a reserve, so the owner will not sell below what he is asking, so that factor is not an issue.
I have always felt that the cars sell for way more than their value at Barrett-Jackson.
3 Fox Mustangs have been up for sale today. I missed the first one, the bidding on the second got to $8500 and did not sell, and the 3rd sold for
The best car sale so far was a 1971 Maverick Grabber for $26.5. Not price wise, just one that I particularly liked.
The auction is live at http://www.ustream.tv/channel/Mecum-...erm=ustream.tv