Hidden reserves disguised as phantom bidding

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05-10-2011, 04:15 PM

Mr. Zipper Mr. Zipper is offline

Steve Zarelli

Member

Join Date: Mar 2011

Posts: 1,603

Quote:

Originally Posted by iggyman

The auctioneer reserves the right to reject any bid or raise which, in the auctioneer’s opinion, is not commensurate with the value of the lot being offered or which may have a detrimental effect on the lot in question or the auction as a whole.

Isn't one of the primary draws of the auction format the chance that you may get a bargain?

It seems as if Hunts has eliminated that possibility. Now it seems as if the hammer must be catalog price... or more.

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