Posted By:
Richard MassonI have also won many items for bids under my max. I am more familiar with auctions in the horse business where anything goes. The buyer always has the ultimate recourse- don't buy if the price is too high.
If the rules of Mastro's auctions say they don't bid for the house to bump the price, they would be foolish to do so because getting caught would kill the franchise and 17.5% of the increment is just not much money.