Quote:
Originally Posted by oldjudge
Leon-the fact that the auction house says that they have not decided as to whether or not there will be a reserve effectively means that there will be a reserve. What I mean is that if the bidding is "low" on the card I would guess that that would trigger the decision to institute a reserve. If the bidding is aggressive then there would be no need for a reserve and there may not be one. This is a de facto reserve. Can the auction house say when this decision will be made? If it is late in the life of this auction then that reinforces what I have said.
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Jay- I don't think you comprehended exactly what I said or maybe I didn't say it correctly. Here is what I stated in my first post-
As of right now there hasn't been a decision of a reserve or not on the Jumbo Wagner coming up for sale. That will be a game day decision based on how the auctioneer feels at the time it opens.
To me that is not a de defacto reserve, that is holding your hand until it needs to be played. I can't blame him either. Maybe you took what I said differently than what I meant. I know when I spoke to Ken G. this morning he said he is weighing all options. He knows a reserve isn't the absolute best way to get top dollar but if he feels he needs to protect the card, on opening day, he is reserving that right. I absolutely could be wrong but I think we see the card NOT have a reserve on opening day.
To answer your question specifically, and he could change his mind, but he indicated a reserve would be set, if there is one, on opening day or the day before. I would be surprised if he opened it without a reserve and then put one on it as the auction proceeded. Let me make it perfectly clear too, nothing I say will prevent him from doing what he sees in his best interest with the card. I believe he, and he alone, is making the decision on having a reserve, or not.