Hidden reserves disguised as phantom bidding

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#11

05-11-2011, 08:04 PM

Matt

Matt Wieder

member

Join Date: Apr 2009

Location: Cleveland, OH

Posts: 2,358

Quote:

Originally Posted by scgaynor

As somebody that deals with consignors everyday, I can tell you that collectors tend to hate reserves, unless it is their item being sold, then they are all for them.

Scott - please don't equate with practice with the concept of a reserve. I think most everyone (including bidders) understand the point of a reserve and don't have an issue with it. Hiding the reserve and then making you think you are bidding against another live person is a completely different animal.

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