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#11
01-21-2009, 02:00 AM
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Re: Barrett Jackson COPO Camaro
[ QUOTE ]
[ QUOTE ] I don't see the harm in this, it's not going to sell if it fails to meet reserve, and it takes a real buyer (willing to pay what he bids) to get it past reserve. You might have a willing buyer sitting at $25,000 below reserve, nobody to bid against him, who is also willing to pay the reserve price? You wouldn't have a sale if they didn't push the bid to the reserve. If the guy at $25K below is not willing to pay the reserve price then it doesn't sell. Tell me who gets hurt? [/ QUOTE ] I agree. It's not like the interested party can possibly pick up the car for less at the auction. [/ QUOTE ] Why not it happens all the time at reserve auctions. Once off the block the buyer,seller and auction house work out a compromise.
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Steve Shauger The Supercar Registry www.yenko.net Vintage Certification™ , Providing Recognition to Unrestored Muscle Cars. Website: www.vintagecertification.com 
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