Well I guess that settles the debate 007 ..... man, that's pretty steep, not so much the 5% but the $500 minimum. I remember checking out once the fees that are charged to put your ride on the Hemmings' auctions, I thought those were reasonable but I can't remember how much they were. I think once your vehicle goes through the two week auction and it doesn't reach your reserve, you then have the option of putting it up for sale where your once-hidden reserve price become the asking price and the top bid from the auction becomes the top offer in the sale category. BUT I don't believe the top bid/top offer is binding for the person who made that bid. That's the way I figured it works anyways. I watch the auctions daily, I would say a fair number of the listings do not meet the reserve. Also, Hemmings picks and chooses whether your ride gets into the auction in the first place I think.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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