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Old 05-13-2004, 01:49 PM
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Default Reserve Price Auctions

Posted By: petecld

Very bad example. This one sold as high as it did because the winner will erase the small pencil mark, re-submit, and get a 50 or even a 60.

As Elliot mentioned, Scott's card was a weak "50" and this one appears very undergraded.

The reserve had nothing to do with the final bid.

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