Re: Reserve price farm auctions

Posted by Leroy on June 17, 2005 at 17:46:43 from (216.255.39.157):

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

Here in Ohio it is legal to have a reserve on something but it must be anounced at the beginning if it has a reserve and the auctionere is allowed to if a person can't be at sale leave a bid with auctioner but they will wait to put his bid in untill someone else starts the item then just keep working that absentee bid in line with the others and also will posibly state that they have an absentee bid and if somebody would complain they will give the name of the absent bidder, and if the reserve is not met and the seller is at hand they will ask the seller if he wants to accept the highest bid or not but there are not any house bidders to run things up, that could cause the auctioner to loose his licence, now at a large consignment sale here in central Ohio for some of the stuf they will not accept a reserve bid and if the owner wants to protect himself he has to watch and bid it back but on other items they will take the reserve bid and watch that it brings that amount or a no sale

Follow Ups:

• Re: Reserve price farm auctions jon holt 18:47:08 06/17/05 (0)

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