Barrett-Jackson announced that both Reserve and No Reserve consignments will be offered at the company’s 9th annual Palm Beach auction to be held April 7-9, 2011 at the Americraft Expo Center at the South Florida Fairgrounds.
Since January 2005, Barrett-Jackson has exclusively offered a No Reserve format, which is unique in the auction industry. This was introduced in Scottsdale in 2005 and has continued since that time at all Barrett-Jackson auction venues, which now include Palm Beach, Orange County and Las Vegas.
Vehicles with an agreed estimated value above $50,000 will be considered for Reserve placement, creating a hybrid environment that aims to appeal to consignors and buyers within all price ranges.
“Throughout Barrett-Jackson’s history, we have always remained committed to having an open dialogue with our customers about their wants and needs,” said Steve Davis, President of Barrett-Jackson. “In the course of this dialogue, we have heard from some of our customers that they are committed to the Barrett-Jackson auction model and the Barrett-Jackson No Reserve format that offers a fair platform for buying and selling collector cars to the largest pool of qualified bidders anywhere in the world. On the other hand, we heard from others who would like to participate in a Barrett-Jackson auction but have cars they aren’t comfortable selling at No Reserve. These same customers have asked us to consider re-introducing a Reserve element into our auction format so they can participate in Barrett-Jackson auctions.”
For more information, visit www.barrett-jackson.com.