Beautiful hardtop station wagon. Someone go put a bid on this. The asking (reserve?) price of $11,500 seems quite reasonable to me given the apparently excellent condition of the car. These hardtop wagon styles certainly are attractive.

http://sheridan.marknetlive.com/view...2Fid%2F4987%2F

 

That is a sharp car. I have no experience with auctions or bidding but it seemed weird to me that the "reserve" of 11,500 was shown. The current bid is 11k. Does that mean the first guy to put up 11,500 gets it or will they let the bids push past the reserve price? It shows 7 more days on the timer up for auction.

 

I'm sure they'll take bids up to the end of the auction. After all, the seller wants as much as he can get. The reserve means that, if the bidding reaches at least $11,500, the car will sell, even if the bidding ends at that point. But it doesn't mean the auction ends the moment the bidding reaches that point if it does so before the scheduled end time.

The car may also sell if the bidding ends with the reserve not met if the seller is willing to negotiate. If I'm the seller of this car, and the bidding stops $500 short of my $11,500 asking price, I'd probably accept that price if the buyer is willing and get the car sold. At these price levels, $500 is a small difference and not worth losing a sale over.

 

I love those. Hard to find parts for but very nice.

 

I would guess this example needs few parts, if any at all.

 

There are some great looking cars listed at what appear to be great prices for now. Wish I was close enough to go in person and will have to watch to see how the bids end up. Not an Olds, but really like that '50 Buick currently around $5k

 

Sold for $77k. http://blog.hemmings.com/index.php/2...on/?refer=news

 

Bidding war?.....that is along way from the reserve.......cool wagon