Posted By:
dan mckeeI consigned a lot but don't remember giving him a reserve on it yet it DNS.
I have always been under the assumption that the house bids against the floor until the reserve is met and then the house stops. I won my Orange Bordered Cobb from one of David's live auctions years ago and I knew it was his personal card so I knew I was bidding against him. It got to what he wanted for it and he stopped and I won it for significantly less than I was willing to pay.