Reserves
I dont believe the estimates were the reserves. I was at day one and the auctioneer would take the bids and for example lot 1 reached a price of $5,000 but was a no sell. The reserves were secret so you never knew what it was.
As a side note, some of the Horner photos were a steal, many came with the original cabinets and were not disclosed. They only took photos of the photo portion and not the cabinet
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