I've never been a fan of these, and especially with all that lard...the roof, the chrome wheel openings....but I especially never understood the point of a "Reserve" auction, the idea that people will somehow engage in a guessing game and get so caught up in it that they'll just bid more than they would if the car was listed at the lowest bid the seller would accept.I just saw this on Hemmings. I'm personally not a fan of the carriage roof, but the interior is gorgeous.
No, "Reserve" is a way of creating a situation that (supposedly) engages more bidders in a "Deceptive" attempt (here used correctly) at getting others to do what they otherwise wouldn't, bid more.IMO, "reserve" is a comfort level for the seller because you never really know which audience will show up, but I agree the guessing period is a pain.