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<p>[QUOTE=&quot;calcol, post: 2429361, member: 77639&quot;]Guess I&#039;m unfamiliar with how this works.&nbsp; Is a hidden reserve always exercised by the house using a secret bidder number to bid-up the price?&nbsp; Seems doubly duplicitous ... there is a secret reserve being enforced by a secret bidder. Or does everyone in the room know the house bidder number?&nbsp; It certainly wasn&#039;t made clear to those bidding on the internet.&nbsp; If so, it would be the second highest bidders who should be upset.&nbsp; Still would be better to just have the reserve be the opening price.&nbsp; They were obviously hoping that having an opening price well below the secret reserve would get things going and then a competitive spirit would take over and drive the price above the reserve.[/QUOTE]</p><p><br /></p>

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