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Old 12-17-2021, 09:17 PM
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Peter Spaeth
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Quote:
Originally Posted by Rhotchkiss View Post
I believe that the quoted language about the consignor bidding on their own consignments is a poorly drafted way of saying the consigner can establish a reserve. I also think the real purpose of the rule is to clearly state that consignors owe a buyers premium on lots that do not meet the reserve they create.

The rule that Heritage and it’s employees can bid on their own lot is elsewhere. But it’s there.
It's #21 right in Pat's post.
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