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Net54baseball.com Forums - View Single Post - REA Summer Auction is open
Thread: REA Summer Auction is open
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  #3  
Old 08-12-2024, 08:20 AM
sb1 sb1 is offline
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Join Date: Apr 2009
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Quote:
Originally Posted by rand1com View Post
So $300K reserve becomes $360K to the buyer plus sales tax of another $20K or so depending on the state. This set missing 2 keys of the 520 is not worth close to $400K to a collector. Hence, no buyer. If it had been announced at the outset that there was a reserve, it would have saved a lot of bidding.

At least Heritage starts their auctions at the reserve if there is one. They would have started it at $300K and there would have been zero bids. Saves a lot of wasted time for bidders.
Heritage posts the reserve and raises the lot to the reserve 48 hours prior to the auction ending, not at the start. Although they might mention it has a reserve from the beginning.
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