Go Back   The Supercar Registry > Events > Auctions


 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #6  
Old 05-28-2012, 03:18 PM
PeteLeathersac's Avatar
PeteLeathersac PeteLeathersac is offline
Yenko Contributing Member
 
Join Date: Jul 2005
Location: O' Canada
Posts: 12,382
Thanks: 18,558
Thanked 5,619 Times in 2,406 Posts
Default Re: Mecum Rule?

Cool rule really and hats off to Dana!
To clarify also question further, the auctioneer gives only the high bidder one chance to bid an exact amount necessary that meets reserve or whatever figure calculated that can make it sold...right?
If so does this apply to all Mecum reserve auctions and regardless of bids reached or is there a % of bid amount versus 'sell' ratio necessary before the auctioneer offers this?
Using the example above, the bidding stalled at over 90 percent of the 'sell' amount but if reserve was say 400 thousand and bidding stalled at 300 thus a 75% bidding/sale ratio, is it still offered to the high bidder at the 400 etc, etc?


[img]<<GRAEMLIN_URL>>/beers.gif[/img]
~ Pete

__________________
I like real cars best...especially the REAL real ones!
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 02:48 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.

O Garage vBulletin Plugins by Drive Thru Online, Inc.