Re: Reserve price farm auctions

Posted by Allan in NE on June 17, 2005 at 13:05:05 from (148.78.243.25):

In Reply to: Reserve price farm auctions posted by Ray on June 17, 2005 at 12:24:52:

Ray,

That auction service is breaking the law, as that practice is totally out of line.

True, there is such a thing as "previous bids" where a bidder is given the option to "up the antie" or even a "no sale" after the auction, but they cannot have someone in the crowd bumping the bid.

If they have a previous bid, they must announce that a bid (but, not the amount) has been made prior to the item being auctioned.

Allan

Follow Ups:

• Re: Reserve price farm auctions Mike (WA) 15:54:02 06/17/05 (0)

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