Mile High clearly discloses that some lots have reserves. So if (and I have no idea) there was a reserve and the card did not meet it there is no issue.
d) Minimum Bids- Each and every lot within the auction does have a minimum bid designated in both the catalog as well as online. A very few of the lots in the auction have a reserve price (please note the vast majority of the lots within the auction do not have a reserve price) A reserve price is the confidential minimum price that a consignor will accept before they will sell the material, this means that a bid of equal or greater than the confidential reserve must be placed for a succesful bid to be accepted on that lot. MHCC may implement this reserve by bidding on behalf of the consignor and may place a bid up to the amount of the reserve, by placing succesive bids if necessary. In the limited instances where MHCC has a financial interest in a lot beyond our commision we may place a bid to protect our financial interest. Reserves when in place will be pre-determined and set within the auction software prior to the start of the auction. Again, please note the vast majority of the lots in every auction will be offered without a confidential reserve in place. For all items in the auction (unless an item is withdrawn during the auction)without a reserve they will be sold to the highest bidder at or above the minimum bid.
__________________
Four phrases I nave coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 07-10-2015 at 08:50 AM.
Reason: clarity
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07-10-2015, 08:46 AM
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