How do reserves work in the Legendary auction?

[barrysloate]

There are different ways to implement a reserve, so you really should wait to hear from them. But I was surprised to see that too, as it's something new. I'm guessing with the economy the way it is we will start seeing more protection of lots.

[paul]

For those who are curious, here is the answer I got:

Sorry for delay Paul.



The system will let you know when the reserve is met. We do not bid on behalf of the reserve.



At the end we will contact high bidders in cases where reserve is not met to see if you want to place a bid to meet the reserve. As a hint all reserves are at or below the low estimate.



Regards,

Doug



Doug Allen

President & CEO

[JeremyW]

I was curious about their reserve policy myself.

[Leon]

I don't mind reserves but I don't care for hidden ones....I like to know what I am shooting at.

[JeremyW]

Sometimes a hidden reserve makes me hesitate to shoot at all.

[paul]

Well, I was the high bidder on my card in the Legendary auction, but didn't meet the reserve. So I guess I now get to decide whether I want to pay more than the current market value for the card. I'm not sure when I'll be notified what the price is.

[Bicem]

I'm in the exact same boat Paul, let me know if you hear anything.