Re: Russo and Steele auction
""The auction house does all it can to attract buyers.""
Shill bidding up to the reserve is a difficult way to 'attract' buyers IMHO, it sounds like it's a way to attract higher prices - which brings more cars. I realize this is a circular discussion, but for many folks who are auction observers this shill bidding clause in the contracts is new info.
The next generation of auction participants may very well just choose to sell their stuff privately, and avoid the auction process.
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Marlin
70 Yenko Nova-350/360, 4speed M21, 4.10 Posi (Daddy's Ride)
69 SS Nova-396/375hp, 4speed M20, 3.55 Posi (Benjamin's Ride)
67 RS Camaro-327/250hp, 2speed Glide, & 3.08 Open (Danny's Ride)
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02-21-2008, 06:55 PM
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