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#32
11-18-2023, 11:30 AM
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I'm going to assume a consignor can tell the AH that they would like to ensure they receive a minimum amount for their consignments. In my mind, there's two ways to do that:
1) A reserve price (which to me isn't really an auction 2) A high opening bid Do AHs disclose a reserve? I can remember bidding in an auction and I was high bidder at the end but I wasn't awarded the item. My assumption was there was an undisclosed reserve. Are AHs supposed to disclose if the lot has a reserve? I'm going to guess that a consignor could set a minimum bid price for an item, but the auction house would have to agree to it. Also, does anyone know how AHs feel about a consignor setting an opening bid price?
__________________
fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something cool you're looking to find a new home for. 
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