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How do reserves work in the Legendary auction?
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05-27-2010, 07:18 AM
barrysloate
Barry Sloate
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Join Date: Apr 2009
Location: Brooklyn, NY
Posts: 8,293
There are situations where sellers are only willing to part with something if they can get a crazy price for it, otherwise they would prefer to keep it. That works fine in a one on one transaction, but probably is not ideal for an auction.
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