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Paceme,
That is exactly what happened with my '69 L78 Camaro SS convertible that I consigned with Russo & Steele in their inaugural event at the Marriot Hotel in Monterey in 2001. I set the reserve at $70K, the high bid went to $71K, Drew called it sold, even though with their commission taken out the net amount to me as owner would be less than I set the reserve at. Russo & Steele forego their sellers fee and collected only the buyers portion. I netted $70,200 to me from that auction.
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I have not sold a car at auction (bought a couple), but I was always under the impression , that reserve price that you set was before fees. Sounds like Drew treated you right.
Anyone know for sure. Reserve price= before ar after fees?
JG