Quote:
Originally Posted by Keith1  What I meant was, who in their right mind on an item with "no reserve" would place an opening bid of $69,000 unless he was a) barking mad b) a friend of the vendor or c) the vendor himself with a different account...
It didn't look kosher from the get go.
My opening bid would have been $100 or so.... :| |
Keith,
Looks perfectly good to me. In this case (and with the relist) the bidding starts at $69K, that is the opening bid price and the minimum first bid you can place, so in effect that is the 'reserve' price. Who in their right mind would put a car like this up for auction with no reserve and allow bidding to start at $100, if that was the only bid you'd have to sell at that price.