[Jeff H]

I remember reading in some of the auction information that the auctioneer is allowed to place bids on behalf of the seller up to but not reaching the reserve price. This is nothing new and I think most of the auctions clearly make this information available as I remember seeing it and I've never been involved with an auction. That's one reason why you don't want to look at what a car was bid up to even if it didn't meet the reserve. You might see a car with a reserve of $100K bid up to $90K and think that's what someone is willing to pay. But that's not necessarily a real bid. I don't think there is any new information here regarding auctions but it seems like a lot of people never knew about the auctioneer placing a bid for the seller.