Apple Towing Auction

[cudino]

Originally Posted by Jonesy

How do you know if a car has met reserve or not? Am I missing something?
I dont see it.

If I understand their description correctly, they will not specify the reserves, or even specify if the highest bid has exceeded the reserve. At the end of the auction for each lot a federal authority (maybe in conjunction with the owners?) will review the highest bid for that lot and then decide to sell it or not, at which time the high bidder will be notified. Pretty strange. But my guess is that all lots with any sort of reasonable high bid will get sold.

Quoted from their site:
“Auction Conducted with Reserve.
The United States Marshals Service reserves the right to approve the final offer made by the successful high bidder, even after the auction lot closes and auctioneer announces "Sold." The reserve amounts will not be disclosed to the public, and there will not be a "Reserve Met" or "Reserve Not Met" disclosure during the auction.”

- Wade