I spent the weekend at the auction. At a reserve auction, quite often the auction house discloses in the paperwork that they can bid on the sellers behalf up to the sellers reserve price. When you see the Cherokee bid to 600K it is most likely just the auction house bidding it up to close to the reserve, hoping a real bidder will decide they need it. When you see a no sale car bid up real high, assume it is just hype and that there was no real money on the car. I love that Cherokee car....
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