View Single Post
  #5  
Old 08-11-2013, 11:09 AM
MikeNoun's Avatar
MikeNoun MikeNoun is offline
Ultimate Warrior
 
Join Date: Mar 2000
Location: Chi-Town, IL
Posts: 1,736
Default

There was something fishy going on with the bidding (wow, what a surprise!). The bidding stopped at $60K for the 70 GTO, then they (Jackson and Davis) stopped and told the crowd how it was "a $100K car all day". The auctioneer kept raising the gavel to end the bidding, then.... just as his gavel was coming down for the last time, Craig Jackson intercepts the auctioneers arm, within a fraction of a second of the car being sold, and suddenly another bid came in from nowhere. It happened again around $80K, then stopped once more at around $95K. Then they started to egg the crowd on to get it over $100K, and it eventually sold for $121K, about twice what this car was worth in today's market.

So....the car just about sold at $60K, the buyer was within one second of taking the car home, and eventually it sells for TWICE the amount?

I wouldn't be surprised if the car never sold. There's so much corruption and back door dealings going on at these auctions, you never know what you're seeing.

They had a segment on Jackson and Davis where they said they know what each car will bring before it gets up on the block, and they boasted that they're always right, to within a couple percentage points. It was a plea to sellers to "trust B-J's judgement on no reserve cars", which makes me all the more suspicious that the final bids for this 70 GTO were shill bidders to get the car from $60K to $121K.

BTW, I never did see who bought the car (I may have missed it). They always show the final bidder of a high-priced car signing the papers.

__________________
1959-1980 Pontiac Window Sticker Reproductions : http://www.pontiacwindowstickers.com

My Bio: I am currently writing articles for POCI's Smoke Signals magazine and enjoy promoting and discussing the history of the Pontiac Motor Division.