[Archive]

Posted By: barrysloate

So that means that if the seller lowered the reserve right now to 140K, the bidder who placed the bid of 146K is not obligated to buy the card unless he bids again? Why would he bid again, and why wouldn't he take the card since he was prepared to pay above 140K anyway? If he wasn't bidding in good faith but placing bids just because he already knew the reserve, there should be some penalty involved.