Quote:
Originally Posted by sflayank
Lowered to 300...reserve
So there's a fake 280 bid in there
Why not just start it at 300..if thats what consignor wants and avoid all the bs
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Agreed on starting it at the reserve but the AH's want to create demand by starting low and getting guys to bid.
I don't believe there was a bid higher than $300K before the reserve was posted or it would not have been posted, so don't understand when you say the bid was lowered to $300K.
I believe as I said, the reserve is $300K as indicated by them saying the next bid will meet the reserve.So when they first posted the reserve it was $300K. Then the reserve was lowered to $280K Don't think there is a fake $280K bid, just a lowered reserve