Oregon’s own Petersen Collector Car Auction held their auction in Salem in September and it was a great success. With 92 cars consigned to them they had a 42% sell through. That’s significant because their auctions ARE reserve auctions, meaning the car owner can put a minimum sale amount on their car. With a reserve on the car it can’t be sold for less than the reserve amount unless the owner lifts the reserve. Your car won’t be sold at a loss or for less than you wanted to take for it, but you, the owner can remove the reserve if the bid gets to an amount you are willing to take for your car.
Some auctions are ‘no reserve’ auctions meaning, your car simply sells for the highest bid, not at Petersen Auction. As the seller you “reserve” the right to not sell your car for less than you want to sell it for. I like it because I can remain in control. Consignments are being taken now. Call 541-689-6824 for more info. The next opportunity for you to buy or sell at a Petersen Auction will be February 3rd, again in Salem at the Fairgrounds. See you there!