[Archive]

Posted By: andy becker

barry is correct, the reserve must be at or below the low estimate. if the estimate looks goofey, the lot is not really for sale. mastro does not use reserves but does allow you to bid on your own lots. you do pay the 15% juice if you win your own lot.
i would second the idea, bid what you want to pay...not a dollar more and get away from the auction.
ALL (read EVERY SINGLE AUCTION INCLUDING EBAY) auctions are suceptable to hidden reserves, shill bids, etc...