Posted by Leroy on April 04, 2019 at 06:43:24 from (96.45.243.241):
In Reply to: Re: Auction question. posted by Mutt and Jeff on April 04, 2019 at 01:54:13:
Consignment sale here that is so big they could not keepp with reserve bids. This past week over 400 consigners of multiple items. They anounce at the beginnin of the sale if owner wants to protect himself he has to bid as any other buyer. Not sure what the consignment fee is in that case but it is part of the opening statements. Noy if you are not there to hear them you might not know what is going and being legal and think there is fraud back of it. So be on time and hear those statements that the law requires, Otherwise the law requires the auctioneere to anounce they have a reserve bid the item bust bring to sell. And they may take absentee bid before the sale but those are supposed to be in writing with the bidders contact information, what the item is and max bid amount. A relative had to go through a 2 year investigation to keep his licence from a complaint that they were letting an owner bid up his items and the owner was 2 states away when the item was sold. Cost him a lot of money and the sale was for a non proffit and all the auctioneers time was donated.
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