Quote:
Originally Posted by Shoeless Moe
So far the majority are thinking positive, at least auction wise. Look at Collect Auctions ending tonight, again I can't find a freaking deal. Outbid on everything.
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Well, according to collect auction rules:
"RESERVES: This auction contains property belonging to third persons known as consignors and lots submitted by consignors may include a reserve. A reserve is a confidential price agreed to by the consignor and Collect Auctions LLC, below which a lot will not sell. Collect Auctions LLC may place bids on behalf of the consignor for such lots up to the reserve. Max bids placed for those lots with reserves will be automatically bid up to but not above the reserve, or up to the max bid if the reserve exceeds the max bid."
Make of that what you will.
I would love an explanation of the difference between an undisclosed reserve that an auction house can place bids up to and shilling?