Quote:
Originally Posted by perezfan
Hunt's is simply exercising a hidden reserve. Since the auctions are live, the "phantom bidding" is the only way to get the item to meet the consignor's minimum. I can see how it is frustrating for the "real bidder", but it is just an alternate way of establishing a minimum bid amount.
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Isn't an alternative way of establishing a minimum amount to set the reserve from the outset? As opposed to having an illusory auction process taking place up to the minimum.
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Last edited by HRBAKER; 10-12-2013 at 04:07 PM.
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