OTBSL: Might go for more than the reserve

[jbcollier]

https://regalauctions.com/inventory/CAR/CALGARY/1962-LOTUS-ELITE-TYPE-14-SERIES-II-COUPE/58579.htm

[BDA]

That's a beautiful car! I wonder why they chose such a low reserve.

[jbcollier]

That's a "high" reserve for a typical old car in need of work in Alberta.  Don't get your hopes up, the auction house reports there has been international interest.  I expect it will go to the UK or Japan.

[BDA]

One recently sold for $80,000 on bring a trailer. I would be surprised if the seller doesn't get near that or even more.

[jbcollier]

Anything can happen at an auction but I would think lower, maybe in the 40 to 60 range.

My wife, wisely I expect, has used her constitutionally mandated veto.  It's a 1300cc echo chamber (says the man who tours with an S1 and a noise-suppressing headset

[BDA]

I'm certainly not an expert on Elites so I'm only going by what I saw one on bringatrailer.com go for. It will be interesting to see what it brings. Will we be able to find out the results of the auction?

[jbcollier]

Dunno.