Why Setting an Auction Reserve is Important

[HealeyRick]

This beautifully restored MK II sold way under market at Barrett-Jackson in January for $8.250

One month later it's on eBay with a BIN of $22,500 https://www.ebay.com/itm/1963-Austi...493821?hash=item56d4fc53fd:g:EO4AAOSwhJteOL9K

 

[pdplot]

I don't think the major auction houses will accept a reserve on a car selling for less than $100K.

 

[glemon]

There was a discussion of Spridget prices on the Spridget forum recently, with some speculation that color influence price quite a bit. This may be additional evidence to coraborate that theory.