House Bids
I have actually been helping Ken put this together and get it started.
We have had several long talks about how other auctions are run, and how to best run Goldin Auctions to avoid the same problems.
As far as house bids. Goldin Auctions will not be bidding. Some items will have reserves, but the reserve price will be made known before the close of the auction (probably within 72 hours). For that reason, there is no reason for Goldin Auctions to bid.
As far as consignors bidding on their own material, the consignor contract states that no consignor may bid directly or indirectly on their own material.
Scott
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