Kevin Hand Collector Car Collection at Auction

[Stefano]

An auction company is a business and technically they can make deals with both buyers and sellers of vehicles, if they are within the laws of the land.

Every auction is different, as are the potential varying circumstances.

The commissions charged to the seller are generally lower with no reserve, since the the vehicle is going to sell with 100% certainty.

Auctions do not generally negotiate their commissions on a no reserve deal, across the block, since there is no need to.

Auctions do have the option to try and negotiate a sale across the block, when a vehicle does have a reserve.

It would be a prudent business practice to have a contract spelling out all the details of any such significant transaction.

It is none of my business to discuss or speculate on other people's private deals and or contacts, especially on a public forum.

All of the details and guidelines are spelled out in the auction contracts.

Many Auctions are businesses which generate $10,000,000.00s of dollars in Sales and do not operate without contracts.

In the case of R&S Arizona 2011, there is no contractual provision for allowing protection of a no reserve vehicle. The way to achieve protection through the auction is by using a reserve.

Many members ran their cars at this acuction venue, most used a the reserve method. Some sold their cars while others did not.

I ran some of my cars both ways. When we got close to the reserve on the reserved cars we took it off and sold them. When we were not close we kept the reserve on.