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Old 02-17-2012, 02:05 PM
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Hidden reserves are used for an entirely legitimate purpose in some auctions that is unrelated to shilling. If a consignor wants to get a certain dollar for an item that the auctioneer does not think it will fetch sometimes the item will be offered with a hidden reserve to test the market to show the consignor what the item is worth. Some consignors will then authorize the auctioneer to offer the high bidder the chance to purchase the item at the max bid even though it did not reach the reserve.
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