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Old 08-17-2011, 07:06 PM
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Jeffrey Lichtman
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Join Date: Apr 2009
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Ok -- we've got it figured out. Pete was accurate in what he wrote. Heritage bid the hell out of the card up to the level right at the reserve -- to provide the imaginary scenario of the card being worth 242K, with the hope of someone being dumb enough to actually make the next bid, thus bypassing the reserve. No one did. Had the card actually sold for what the last real bid was, the seller, who was into the card for 225K, would have 'gotten killed.'
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