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#1
12-08-2023, 10:52 AM
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Questions About Reserves In Auctions
I couldn’t help but notice that in the recent REA Fall auction, at least 7 items did not meet their respective reserves and did not sell. This is higher than the last two REA major auctions (2 each).
I found this curious and have a few questions about reserves and reserves in the future. 1. Is there an easy way to see how many items in REA’s auction had a reserve? I know of at least 7 (because they didn’t sell) but I don’t know how many had one initially. 2. Are auction reserves set at the beginning of an auction or/can they be set later? 3. Do you expect to see more reserves on items auctioned off in 2024? 
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