Barrett-Jackson lawsuit over the Ramcharger Cuda

[427king]

[ QUOTE ]
The bottom line is there is no reserve

[/ QUOTE ] The "no reserve" is a incorrect term. If i bring a COPO there and say on the contract ill buy it back up to 200K, then the reserve is 200K,you as a bidder just dont know it. So in effect it isnt a no reserve auction.Then again it insures that the auction house receives boith seller and buyer commision on both ends whether a car actually trades hands or not . Its like bidding on an item on ebay with no reserve ,and then at the last second the sellers preset bid gos in effect. How the term no reserve gets used is beyond me.