Auction company policies - Net54baseball.com Forums

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07-02-2006, 08:30 PM

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Auction company policies

Posted By: Judge Dred (Fred)

I somehow doubt that the auction houses would give back any money because they cancelled the bids on a person that renegged on another lot. I would guess that they might offer the lot to the underbidder for their bid because a 10% increment bid wouldn't hurt them too much. They get about 30%+ commission coming and going...

I've picked up lots at the minimum bid with no buyers premium associated because the auction ended with no bids.

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