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Why do auctioneers have with reserve auctions?
12 hours ago ago from Mike Brandly, Auctioneer Blog
Many auctioneers utilize the with reserve format for their auctions. As we discussed in Different Types of Auctions , auctioneers and their clients have the choice between with reserve and without reserve auctions. In the with reserve auction format, there are different varieties. 1. Known, stated minimum bid, which if met or exceeded, the item sells 2. A secret, undisclosed minimum bid, which if met or exceeded, the item sells 3. ...
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