Quote:
Originally Posted by calvindog
The main reason why auction houses would not publicize the fact that certain lots didn't sell despite appearing as sold is because they'd have to reveal hidden (illegal) reserves. It's a shame there's no Net 54 dinner at the National this year because, presuming Doug Allen's bellyache cleared up, he could shed some light on the topic of hidden reserves and how they affect the market.
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A letter not reaching its reserve at $310,500 and a ball not reaching it at $498,800?