[Archive]

Posted By: Hal Lewis

Exactly.

If the seller now lowers his reserve to 125,000...

how do we know that all of the bidders in the $140k+ range won't ALSO rescind their bids as well???

The only way to know is to LOWER the reserve to the seller's REAL BOTTOM LINE (since obviously the previous reserve was NOT the lowest he would go).

Then again, the seller could CARE LESS what we think... and I would do the same thing if I was the seller. Set the reserve high and PRAY that someone tops it!!