Originally Posted by
xfrdster
That's the fun of an auction! You never know how it will turn out. Sometimes you get a nibble and sometimes you don't. It is alot like fishing - cast you line out and see if you get a fish to bite...if a fish does bite hold on to the pole tight as once you lose that you have lost your investment. Sometimes you end up with a big fish and sometimes a small one
Okay.. johnny will only pay 120.. susy will pay 125.. now billy..he really wants it and will go 150.. david would pay 210.. but billy quit bidding now david is the high bidder.. reserve not met.. david has to look for one somewhere else.
Logic behind a reserve now?
