Quote:
Originally Posted by Matt
It is most certainly not. Hunt's acts as a bidder at their Live auction events. If you were bidding live at a Hunt auction, you wouldn't know if you were bidding against another person, or the house.
"Reserve bids may be executed on catalogued lots on behalf of the seller and shall be executed confidentially in a manner similar to the execution of absentee bids."
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How does it matter whether you are bidding against a live bidder or the house? As long as you know what you are willing to pay for a given lot, you draw the line there.
It's the same with ebay (on lots that carry reserves). You bid what you are willing to pay, and if it clears the seller's reserve, you get it. If it doesn't, you don't. The only difference between the two is that Hunts is executed in- person, and Ebay is conducted on-line.