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Old 05-10-2011, 12:25 PM
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sports-rings sports-rings is offline
Mi_ch.ael Bo,rk_in
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Join Date: May 2009
Posts: 675
Default Hidden reserves disguised as phantom bidding

As I prepare for the Hunt auction this weekend, I had a long talk with someone on their staff today since I want to participate in the internet and phone auction.

I learned today, that if I am a phone bidder, and I am bidding on an item with a hidden reserve, the auction house will "bid against me" until the reserve is met.

I now must wonder, that in past years, as I won and lost various auction items at Hunt, if I truly was in a bidding battle with other collectors, or if I wound up in a bidding frenzy against an imaginary foe.

I am a disiplined bidder and will usually not go over a predetermined amount, however, I now feel like I have to be more careful than ever when bidding.

Why can't Hunt just come out and tell the hidden reserve price, or start the auction at this amount?

Last edited by sports-rings; 05-10-2011 at 12:27 PM.
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