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Posted By: Matt

Since they know your absentee bid, what stops them from bidding you up until one slot below your max and saying that was the hidden reserve? Hunt has a decent reputation and I'm not saying they do this, but the slope is a slick one.

Also, as a bidder, especially on items that are unique, sometimes you are more comfortable bidding on something when you know there is someone else willing to bid one increment below you. It's a security in case you need to sell, you have knowledge that someone else out there was willing to pay about what you were.