Posted By:
MattThe lot of 12 back-stained T205 HOFers (lot 762) did not meet the hidden reserve in their last live auction 6 months ago and was re-offered in this one, where it, again, failed to meet the hidden reserve.
I'm curious how their hidden reserves work at the live event - their TOS say they open the bidding at the increment above the second highest absentee bid, but that would open them to selling below their reserve to a present live bidder, unless, they had a reserve/shill account that they bid from to drive up the live bidder to ensure it ended above the reserve price.
I have a call in to Dave Hunt to clarify their policies.