Texacokie...
I see how you might have taken that. People get the wrong impression about the big time auctions...you don't have to have money to participate. All of these companies also auction off $8,000 to $20,000 cars too...you just don't see them on television. It does take money..to participate during Prime Time cars but that's a whole different world.
I see these same comments on the car blogs regarding these same auction houses. And usually the people hurling the stones have never been and will never participate. It's their form of empowerment. Gooding and Company is probably the leader in the field..and they just sold a Ferrari for 17 Million at Pebble. And you should see all the stones hurled at that company. Guys who weren't there, who never will attend and have no experience in the auction world were blogging that the car didn't sell, that it was a fake, etc. And it was all baloney. What my grandson would describe as "haters".
Through my experience the thing to do if you see something listed in an auction that you feel is an inaccurate..call the auctioneer up.
But no...all levels of collectors attend these auctions and there are great buys. Not every car goes high (which I have found out as a consignor..that's another story).