REA Summer Auction is open - Net54baseball.com Forums

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#31

08-12-2024, 08:40 AM

rand1com

R@ndy Hart.soe

Join Date: Nov 2019

Posts: 1,717

Quote:

Originally Posted by sb1

Heritage posts the reserve and raises the lot to the reserve 48 hours prior to the auction ending, not at the start. Although they might mention it has a reserve from the beginning.

Generally, from what I have seen, they do not announce a reserve but start the item at a price that reflects the reserve. Maybe they do some both ways depending on the consignor's wishes.

At any rate, I want to know in advance if there is a reserve so I can ignore the auction because it is not an auction if there is a reserve. An auction indicates the high bidder wins the lot. That is simply not the case when a reserve is used.

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