Quote:
Originally Posted by JMS935
Never give it to an auction house without a reserve, it’s just not worth the risk. It guarantees the auction house makes money on it, but it leaves the owner totally exposed.
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Let me just ay that I have sold several cars with Gooding. All very nice, and all at no reserve. I think what is missing in your thought above is that a premium auction house (like Gooding & RM) brings with it a certain qualification or quality of car. That often times nets a higher sell price because the buyers feel that they have some comfort in the association with their representation. Not to mention their buyers are mostly made up of well vetted individuals ~ and when a room is full of those types it will most likely end up to your (and the auction house) favor.
It really does work that way. I find from actual experience that sharing a small percentage with the auction house for putting me in touch with their buyers has worked to my advantage. Risk has not been in the equation.
At the upcoming January Gooding in Scottsdale there are
many no reserve wonderful cars that are crossing the block. Take a look:
https://www.goodingco.com/vehicles/?url=1&venues=XX&auction_years=XX&countries=XX&cat egories=XX&makes=XX&models=XX&est_low=0&est_high=1 0000000&model_year_first=1884&model_year_last=2018 &reserve=no&estreq=no&perpage=48&showpage=1&timeli ne=upcoming&loggedin=&time=1545449008
Proving that to just blindly say "
never" do this is just much too conservitive for the car guys like me.