Quote:
Originally Posted by Hxcmilkshake
"Hidden reserves" is something new I learned today.
Sent from my SM-G981U using Tapatalk
|
I've bought and sold at auctions for the last 50 years and the hidden reserve has always been around for the quality catalog auctions. Some catalogs will explain the hidden reserve in the written "Auction Terms". The auction lot should have a specified high-low estimate with the listing, and the hidden reserve can't exceed the low estimate.
I dropped out of the East Coast card show circuit by 1984 so I only have good memories of Bill Mastro. Bill was the last one on the phone for my SCD phone auctions that ended at midnight and always a easy to deal with and talk to at card shows. Bill made mistakes and he paid the price so he not getting a free pass. I wish Bill the best of luck going forward.
Peck Dean