Rand Workman Friday update

[CTChevelle]

I noticed that some cars exceeded the low estimate, but did not sell. An example is the Z28 conv. It ended at 1m, which is higher than the low estimate of 750k. I understand that it did not meet the owners reserve, but why would an auction company attempt to sell a vehicle that they estimate would not meet the sellers reserve. Yes they get their commision, but I don't think it looks good for the company when they hold an auction and most of the vehicles don't sell. Shouldn't the lowest estimate exceed the sellers reserve?

Steve