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Old 03-23-2011, 03:39 PM
Stefano Stefano is offline
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Default Re: Kevin Hand Collector Car Collection at Auction

I think the points are extremely relevant or I wouldn't have made them.

Some cars spend more time and some cars spend less time on the block. The decision from a collector/enthusiast seeking to purchase a specific car is not usually made at the point, while it is running across the block.

That is usually determined before hand. What the block usually helps determine is how much someone is really willing to pay and in the case of "with a reserve", the point at what someone is willing to accept in order to sell a particular car at that particular time.

There is no guaranteed block/gavel time. The point is, that once the bidding stopped, as in, there were NO other bidders and the three count was made.....no one else bid.

The auctioneers know who is bidding and if there are multiple bidders. Generally they can only work true bidders in a no reserve situation.

Many of Kevin's other cars spent a bit more time across the block because they had more individuals bidding on them.

If and when an auction runs a bid on behalf of the seller in order to help a particular vehicle get to a reserve.....it generally takes more time and can appear that there are more bidders than there actually are.



The story relayed by Kevin to his mouth piece on another site never mentioned anything about the time the car spent on the block. The main issue presented was protecting this particular car, from a low selling price. I know that when looking to lay blame some tend to grasp at multiple straws.
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