Hidden reserves disguised as phantom bidding

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#18

05-15-2011, 10:35 AM

Hankphenom Hankphenom is offline

Hank Thomas

Member

Join Date: Jun 2009

Posts: 3,013

Question

What about the scenario whereby the bidding never reaches the hidden reserve, but the buyer would have been happy to pay that amount had he known what it was, and obviously the seller would have been happy with the reserve price, but the item doesn't get there and doesn't sell? So now nobody's happy because of the hidden reserve strategy. I wonder how often that happens?

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