Posted By:
Marc S.If Charlie were obligated to pay the buyer's fee on the Gehrig PSA 10 (e.g. >$30k) if it didn't sell -- perhaps that is incentive to not have a hidden reserve. But if there is a hidden reserve and the card doesn't sell, with no consequences to the seller for it not being met...it does not serve the collecting community as a whole; it just ends up being a museum piece with an unconfirmed sale with an unrealistic price (assuming the consignor bid it up)