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Re: Reserves common in Mecum Auto Auctions

The cars auctioned at Mecum Auctions on TV often have reserves. Others too, like the fancy ones at Pebble Beach, etc.

In those, the seller is sometimes there and will remove the reserve when bidding stalls ... after occasional negotiating on auction house commission.

Of course, the CCA uses reserves too, on occasion, on the higher value items.

Reserves have their place, but can be overused too. JMHO.

Messages In This Thread

eBay Reserve Price Question
Unless it has changed, you lose the auction
Re: eBay Reserve Price Question
I Will NEVER Bid on a Reserve Auction..
Re: I Will NEVER Bid on a Reserve Auction..
Back in the old days...
Re: eBay Reserve Price Question
Hmmm. You're probably right
I once attended a Real Estate auction where all
Re: I once attended a Real Estate auction where al
Re: Reserves common in Mecum Auto Auctions

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