Gentlemen:
I conducted my first Automobilia & Soda collectibles auction in May of 1990 and that was a No Reserve auction. Since that day forward I have always felt that auctions should be conducted Absolute, No Reserve. This philosophy has been carried forward for the last 13 years that I have been at Barrett-Jackson. In fact we just sold 2,000 items of Automobilia and Petrolinia in January all at No Reserve.
When I was asked to conduct the Columbus Auction it was very short notice so in order to be fair to the consignors I accepted just a handful of items (I believe it was five) with reserves out of 325 items offered. When Tim and Kevin asked us to put on the Fall Peotone Auction it was again short notice so we accepted 4 or five items with reserves (all announced to the crowd) with the other 245 items selling at No Reserve.
With this upcoming Peotone auction we have only accepted one item thus far which is the Packard Radiator sign lot#68 (clearly marked as a reserve item on Proxibid) and that has a reasonable reserve the rest of the items (99% ) are selling at No Reserve. I am still working on some final consignments of which one is a VERY significant piece and it also might have a reasonable reserve if it is consigned (and if so will be announced to the crowd).
While having an auction which is 98%-99% sold at No Reserve is great…our goal for Columbus will be to have ALL of the lots selling at No Reserve.
If anyone has any questions please fill free to contact me. Also we're still looking for a few more quality pieces to finish out the sale.
Regards,
Rory
Last edited by Rory Brinkman; Thu Feb 19 2015 07:28 AM.
