Posted By:
Fred CIt sounds like they have it set up like an ebay reserve auction. If your bid doesn't meet the reserve then it will tell you that you are not the high bidder. I tend to keep away from those auctions. I wonder if the auctions houses are going to start using that format (more and more). If so, I only ask that they disclose the items that have reserves so that I don't bid on them.
I think it's really sad for Hunt auctions because they have those auctions that are indicated to start at only $10. While I think that Hunt auctions is a very good organization I don't like this.