Quote:
Originally Posted by gunboat82
Do we know for certain that Heritage is actually charging the consignor the BP when reserve items don't sell, as opposed to simply reserving the right to do so?
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I don’t know in this specific case. But I know people who have been charged by Heritage the BP on reserve lots that did not sell. My gut is that it’s intended partly as a disincentive to put a reserve. I have no issue with the practice - the AH did its end of the bargain and should he paid. As with everything, I bet it’s all fluid and negotiable; the mantle reserve has already been dropped $40k.