Re: Russo and Steele auction
Can R & S really have it both ways? Do I understand this situation correctly ?
If you allow for a reserve to be lowered and you accept the lowered reserve yet fail to communicate to your employee ( the hardest working gang in the business)that the reserve is lowered and then your employee is bidding in the capacity to create action up to the reserve yet bids passed the reserve and becomes the high bidder , then you own the car! You can't split hairs here. Of course if it does say on the contract " If we accidently bid your car passed the reserve and become the final bid we reserve the right to tell you sorry we made a mistake" Well then I guess it is OK
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Some Chevys and some old race cars
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