Reggie Jackson Cars / Yenkos at Auction

**BJCHEV396** · #1 05-07-2018, 12:21 AM

Does a seller still pay the 10% if his car doesn't hit it's reserve?

AutoInsane · #2 05-20-2018, 04:35 AM

Chevelle - No Sale $310k vs an est of $250k - $300k

Camaro - No Sale $285k vs am est of $275 - $300k

That is very odd to me. Typically the auction company sets the est around the reserve. I know it is legal for the auction companies to do ‘chandelier bidding’ where the auction company basically pretends to have bids but I do not think they would do that so deep into or above the est.

Anyone here bid? Any reason these didn’t sell?

**Stefano** · #3 05-20-2018, 05:30 AM

Quote:

Originally Posted by BJCHEV396

Does a seller still pay the 10% if his car doesn't hit it's reserve?

No.......there are no additional fees other than an entry fee if the car doesn’t sell. However in a buy back scenario the action house still collects buyer and seller fees plus any potential tax due from the new owner.

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BJCHEV396 (05-20-2018)

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