Quote:
Originally Posted by perezfan
It's identical to the hidden reserves you can opt for, when selling on ebay. As a consignor, I like this policy, and wish a few other auction houses would adopt it. As a bidder... not so much. But we all know that it is incumbent on these auction houses to appease their consignors.
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It is most certainly not. Hunt's acts as a bidder at their Live auction events. If you were bidding live at a Hunt auction, you wouldn't know if you were bidding against another person, or the house.
"Reserve bids may be executed on catalogued lots on behalf of the seller and shall be executed confidentially in a manner similar to the execution of absentee bids."