T206 Ty Cobb Red background Lenox back

[xplainer]

Wow. I had forgotten all about this drama.
Ok, now for auction, on another site.
Well worth the follow.
Is there a hidden reserve?

[Sean]

Card is over $17,000 with BP, with a week to go. Looks like I underestimated its value.

[sando69]

and everyone else-

http://sports.ha.com/itm/baseball/19...umbnail-071515

if you look closer, you will note that there is a $15,000 reserve on this item, that has NOT been met.

[Iron Horse]

No bid yet @ 15k

[AddieJoss]

So in mid-auction this lot was changed to a new minimum reserve lot, instead of a traditional lot which had bids on it already? Is that accurate?

[gnaz01]

Originally Posted by AddieJoss

So in mid-auction this lot was changed to a new minimum reserve lot, instead of a traditional lot which had bids on it already? Is that accurate?

That's what I took it as

[Jobu]

I think what happens is that the reserve doesn't post until X number of days left. The sale starts with regular bidding and then, if the reserve has not been met when the reserve posting day comes, the current bid becomes the reserve and it displays as being unmet.