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#14
03-02-2006, 08:13 AM
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Legitimacy of Auction Houses
Posted By: barrysloate
I've gotten numerous lots from the big auction houses below my max bid, and as an auctioneer myself I have to say that if people leave a max bid roughly equal to the retail value of a lot, why are they surprised if it reaches their max? Why should they expect a bargain in so competitive a market? Also, collectors get suspicious if their max bid is reached, but if they get topped by one increment, they are completely comfortable with that. And that really makes no sense. 
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