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04-06-2022, 07:25 PM

Orioles1954 Orioles1954 is offline

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Join Date: May 2009

Posts: 2,293

Quote:

Originally Posted by Casey2296

I think that's why Al called his AH "Love of the Game" instead of "Love the Profit Margin".

Despite what some may believe but running an auction house isn't easy money. It is quite the grind and there are numerous expenses that aren't commonly taken into account. Regarding reserves, we tried expanding that option a few years ago but it didn't take off at all. In listening to our bidders, frankly, they hate bidding on any item with a reserve. It discourages bidding and end of auction competition. We have since phased out reserves and have at most 2-3 per auction.

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