Quote:
Originally Posted by MichaelB
I get it. Its just not correct though.
Let it be said that I never inferred that no reserve meant that the car would sell for more.
I personally believe that no reserve only tells the bidders that the car will sell. Meaning that their bid is not wasted, as it could actually buy the car. Does that make it go for more? Heck I doubt it.
But... Does the heat of the moment make them go for more? Yes. It does. Does having many big ego players there at the same moment causing bidding wars help? Yes, it does. Is being represented by a respectable auction house an advantage? Sure is, as your own example of the Kremer proves it 100%. And that is exactly what I have been talking about from the 1st post of mine.
That car did not reach nearly the price elsewhere that a quality auction house provided. And if you read back on each of my posts, that is nearly verbatim what I have been saying.
Which is exactly the reason why I continue to be a Gooding customer without any fear. Even with the swing of the markets the clientele at a quality auction house like that is mostly unaffected by such trivial matters. It is without a doubt, a formula that works.
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We can agree to disagree then, I didn’t realize there was a correct answer.