[69L89RAG]

To answer Steve's question about the reserve values. There is no formula to how the estimate and the reserve work. Otherwise it would be easy to figure out the reserve. Usually it is figured by past, current, and future market value of the auto.

Here is my input about the auction for what it is worth.

I spent the entire time at the Rand/Workman event. I brought 5 cars to sell.

The Guys have a great vision, great venue, and even greater taste in cars. The car quality itself was worth going for.

What they lacked was some organization (which would probably have happened to anyone the first time they run an event like this), but the BIGGEST problem was lack of bidders! Was it caused by the Date? Location? Cars?
No, it was caused by Kruse's lack of bringing in their bidders. That is why an experienced auto auction company is brought into an auto auction (although Kruse did do a good job auctioning the horse!)

I know Rand/Workman planned on it taking several years to build up a world class event. Why not have one in the financial capital of the world?

I think they also need to bring in a better auction house who can bring their bidders and some high quality lower priced cars to help get the bidders going.

By the way, at the end of the day on Sunday they sold quite a few cars.

Also, kudos for the $10,000 donation for 9/11.

I am looking forward to next year.