Quote:
Originally Posted by jsfriedm
I don't disagree about reserves in general, though I don't know exactly how SCP goes about it (when do they post them? I know Heritage does it about 3 days before the end). But still, it seems like a higher percentage of the bats went unsold than other items, though a lot of those presumably also had reserves. Any bat-specific theories?
|
I honestly don't collect bats (got to draw the line somewhere).
Based on my general pejorative experience with reserves, I suspect they might be the major and/or only reason here.
If you're interested in the SCP reserve policy, it's on their website:
RESERVES A Reserve price is a minimum bid below which the lot will not be sold. Accordingly, if the reserve price is not met at the conclusion of the auction, the lot will not be sold. Reserve bid prices are not publicly available and will not be published. Any item with an unmet reserve will be annotated with "Reserve Not Met" in its online listing 48 hours before extended bidding begins in the auction. SCP may implement this reserve by executing bids on behalf of the consigner and may place a bid up to the amount one increment below the reserve, by placing successive bids if necessary. No reserve bids placed by SCP will be executed at a level greater than one bid below the actual reserve. Any lot that had an unmet reserve at the conclusion of the auction will show as a "PASS" in the online catalog. Reserves when in place will be pre-determined and set within the auction software prior to the start of the auction. Maximum bids will be treated as straight bids on items with reserves until the reserve price is met. If you place a maximum bid in excess of a reserve amount that has not yet been met, your bid will automatically be placed at the reserve price. All bids placed after a reserve has been met will continue with normal bidding increments unless straight bids are placed by a bidder.