What happens when there is no bids at all?
The insurance companies most have reserve prices or on approval. We do have some pure sales but we would need to be the highest bidder on a pure sale. For example if there is no bid on a Ferrari the insurance company reserves the right to run it again, many times we see vehicles run 5 to 10 times before they are let go. It all depends on the insurance company and how much they paid out on the vehicle.