Just saw Doug’s plug on his new defender video for his new auction website: Cars&bids.com - also read on below for stream of consciousness thoughts on auction websites.
Seems like a lot of these are starting to pop up with the huge success of BaT. https://ahouseofcars.com/ for instance.
While I’ve never won an auction or sold a car at auction, what Randy Nonnenberg of BaT said on the most recent TST podcast is very interesting. He thinks Auctions are far superior because price negotiations go UP rather than prices starting high, stagnating and then bidders start to low ball. This also increases the speed at which things sell and the open forum creates a ton of credibility and bidder confidence (whether real or not).
Either way, auction websites seem strange without a niche... and I wonder when we will reach market saturation.