Quote:
Originally Posted by Rob D.
Mark,
You and I usually see eye-to-eye on most things, but if you're saying that an auction house bidding on an item to exercise a hidden reserve is the same (or even similar) as having a stated, transparent reserve, I disagree. The first practice can falsely imply another "real" bidder is increasing the price of an item, whereas the second practice clearly defines that the auction house/consignor has determined the minimum for which an item will sell.
Big difference, in my opinion.
Rob
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Big difference IMO as well
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