T206 Ty Cobb Red background Lenox back

[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.

[1952boyntoncollector]

Originally Posted by 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.

if your reserve is not met i think Hertiage still makes the consignor pay something which may make them want to sell the card at a lower price then the reserve to avoid the fee if the high bid was close

[Jobu]

Jake, that would make perfect sense to me.

Does anyone know what the last high bid was before the reserve posted?

[Sean]

The last that I saw was $8,000. The next day the reserve said $15,000.

[cammb]

Thats complete and utter bull----!!!