Mecum prices?

[Luvchevs]

Originally Posted by mprice

My observation at the typical Mecum Auctions has been that a very high percentage of the cars are bought and sold by dealers trading amongst themselves. I don't think that this was so much the case in Florida. The 2 day auction that just concluded in Florida was even more insane. I would caution everyone to not run out and buy a car based on the results of these two auctions. The results of these two auctions is completely opposite of what I would expect to be seeing in light of the recent leadership change in DC and the people that have already lost their jobs due to the indiscriminate signing of executive orders. I want to see at least one more auction before I jump.

I have also noticed a lot of dealers buying and selling at the auctions. I just don't understand how they can do this with the auctions getting such a large cut - 20%?