I think posting reserves is ridicuous. Why not just start the bidding at
the reserve?
I think houses don't immediately post the reserve because they're hoping
more than one bidder will bid above the reserve. I'm also deeoply
suspicious when I'm the only bidder on a piece and the piece opens with
the reserve met at my opening bid. It makes he wonder what the reserve
actually was and whether or not I bid above the reserve and the house is
taking unfair advantage of that. I know legitimate auction houses don't
do that but I know for sure there is one auction (which I will no longer
partake in) that does this, as well as opening bids after the auctioneer
says "SOLD" because an internet bid is received late.
FRANC
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