Yes, we offer sellers the choice between a “reserve” and a “no reserve” auction. A “reserve” is a minimum price that a seller is willing to accept for a car, which is unknown to buyers during the auction. A “no reserve” auction has no minimum price, meaning the car will sell for the amount of the high bid.
If you choose a reserve auction, we will ask you to suggest a reserve price – but we may ask for a lower one before we’re willing to list the car for sale. If we can’t agree on a reserve price, no hard feelings – of course, you’re free to sell the car elsewhere.
If you decide later that you want to adjust your reserve, you can lower it at any point during the auction. Simply get in touch with us.