Re: Reserve price farm auctions

Posted by Tony C. on June 18, 2005 at 15:00:40 from (24.187.69.249):

In Reply to: Reserve price farm auctions posted by Ray on June 17, 2005 at 12:24:52:

"Reserve" doesn't always mean the same thing at different sales. I've seen it where reserve means that the seller reserves the right to one last bid after everyone is done. This really isn't too bad, since they are not bidding you up in increments and by the time they are ready for the reserve bid, if necessary, everyone has a pretty good idea of how the interest was in the item. Using house bidders to run up the price I don't particularly care for.

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