How does an auction work?
An auction operates by showcasing cars, with or without a reserve price. Prospective buyers place offers on the vehicle repeatedly until the auction closes.
Upon the auction’s end, the highest offer secures the car, if your bid is equal to or higher than the reserve price. If your bid is lower than the reserve, you have not bid high enough to meet the minimum price.
With over 16 years of experience, E&R Classics assists people all over the world in buying their dream car. As car enthusiasts ourselves, we aim to make the auction process as simple and safe as possible.
