Sean.. you are incorrect with this statement:
Claude did not make any sort of statement about the reserves being
high or low.
he did indeed make such an accusation. This is his comment:
"The posters on movieposterbid are either overpriced... "
that is indeed a flat statement that the reserves are too high. a
statement that can have no education as Claude does not have access
to the MPB database with this information.
also,
People love to trot out Heritage and bring up the old "everybody
does it argument", but there are two important distinctions:
1) Heritage lists all their signature auction items with an
estimate and no reserve is above the low estimate
2) Seven days before the close of the auction they reveal what
the reserve price is on all their pieces.
I believe that the reserves at Heritage only appear on the final day
of bidding or a couple days before and have a disclaimer:
"Reserve (If Any) Will Post on <date goes here>"
that disclaimer appears on all Heritage lots, not just reserved items
so you could be bidding on an item and until just before final
bidding, you don't know if it is or is not reserved.
Like I said, I have no qualms about anyone making comments about
reserves, I only expect honesty & not to be attacked for having to
protect myself from giving away merchandise at prices that could ruin
my business.
best
Rich===================
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