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<p>[QUOTE=&quot;Gavin Richardson, post: 2698809, member: 83956&quot;]Thanks. That&#039;s really good to know.&nbsp;&nbsp; It&#039;s unlikely that I will exceed 125.</p><p><br /></p><p>I do wonder about the philosophy of the reserve.&nbsp; For example, if I knew the reserve was 130, I&#039;ll probably go the extra five bucks. But then the companion logic obtains that if I am willing to go 130, why don&#039;t I just go ahead and bid that as my maximum bid?</p><p><br /></p><p>At some point the auction becomes less about economics and more about psychology. But maybe that&#039;s the way all auctions are.</p><p><br /></p><p>I wonder what the pro-reserve argument is and its seller strategy.[/QUOTE]</p><p><br /></p>

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