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Posted By: Judge Dred

I didn't realize that Mastro had reserves. The one reason I like their auctions is because they start at a reasonably low level and then they let the auction take it's natural course. Am I wrong about this?

Why have a reserve? If you're going to sell the item just start the auction at the lowest price (the reserve price) that the consignor feels like accepting. I guess the one benefit of having a reserve is that you can find out what the bidding public thinks the item is worth even if it doesn't sell.