Quote:
Originally Posted by slow&rusty
Cars and Bids were extremely excited to list my 928 as it would have been their first 928 and one that is in excellent condition...however they would not budge on the Reserve at $15k as they set the Reserve not the seller. I asked "So what happens if the right bidders aren't in the room when the hammer drops and the high bid is $15,001 ??", their response was "Then you're obligated to sell the car for $15,001"
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BAT is the same. They will not let you have a high reserve, they will only set the reserve at the published market value rates (KBB, Hagerty, etc), or the hammer price of similar cars previously sold on BAT.
They want to sell cars. They don't want to get the reputation that BAT is a place for cars that the owners think are worth more than they really are (not a commentary on your 928, that's just their philosophy). I'd imaging Doug D is trying to copy the BAT formula.
I ran into the same issue selling a car on BAT, it ended up working out and I got way more for the car than I expected, but the relatively low reserve was something I had to be prepared for. Due to my prolific internet posting about the car I restored, then sold on BAT, there was much interest because the car was well known, which overcame the low reserve in the first 2 days, and ended up setting a BAT record for hammer price on the car model.