Quote:
Originally Posted by biosurfer1
I can see why most auction houses push hard for no reserve. Not only does it guarantee $$$ for them, but reserve auctions suck the life out of the room since you never know if the bidders are $5k or $50k away from a sale.
|
Don't forget, they often buy the cars themselves when they aren't selling, truck them to the next auction, and make a tidy profit selling the car to a real buyer. Some consider this having their car "stolen". Not having a reserve allows them to screw the seller this way too.