Re: Kevin Hand Collector Car Collection at Auction
Stefano, with all due respect, I do believe that the fact that these 'deals' protecting the seller at 'no reserve' auctions are relevant if they do in fact exist...especially if it is a verbal agreement and not written in any contract.
Obviously, you know more than me about what happened at the auction. But apparently, there seems to be some misunderstanding whether there was some kind of a verbal agreement made to protect Kevin.
Regardless if anyone feels it is relevant, I am asking the question. Has this type of thing happened in prior auctions?..and if so, was it ever done by a handshake or was it written in the contract?
If this has <span style="font-weight: bold">never</span> happened in prior auctions, it would go a long way for me to believe that Kevin may be 'crying' over a bad business decision..
And I also remember somone here telling how thier car stalled at a certain price before reaching the reserve, and then the auction company agreed to lower the seller's comission, and upon lifting the reserve, the car took off and the selling price soared way above the reserve price. I have seen many times when the price stalled and the auctioneer talked the car up again and the price continued to climb. Obviously different circumstances and auctions..but when a precedent has been set, it makes the possibility of this happening more believable.
I think we all deserve to know the answers to these questions so we can be better informed if we decide to buy or sell our cars at auction some day..it just seems odd to me that the auction company did not allow the normal time on the block for this car..(assuming this is what happened)or even give some extra time...what was there to lose?? was the high bidder going to back out if the auctioneer hyped the car for another minute before dropping the gavel??
once again, I do not know kevin or am I trying to defend him. And I do not have a bone to pick with anyone regarding this..I am just trying to find as much info (truth) as possible ..
just my humble opinion... thanks, max
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