Quote:
Originally Posted by Matt
Cute job with the word-smithing. The folks that are unhappy with high minimums are not unhappy with the fact that high minimums are used instead of reserves - they were just unhappy with how high the minimums were. Setting a minimum so high that there is only a 50/50 chance even 1 bid would be placed is more like a sale then an auction. Setting a strong minimum bid instead of a reserve would placate most folks, so long as the minimum was reasonable.
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Write what you will but it is obvious Paragon's formula worked very well for them and their consignors. I will certainly place them at the top of my list when considering where to consign my material.