Thread: Russo and Steele auction
View Single Post
  #89  
Old 02-21-2008, 07:47 AM
427king 427king is offline
Yenko Paid Member
  
Join Date: Aug 2006
Location: Graceland
Posts: 3,136
Thanks: 0
Thanked 3 Times in 3 Posts
Default Re: Russo and Steele auction
Picture this scenario. You have a COPO you have a 200K reserve on. Bidding dies at around 180K. You ask the auction house to drop the reserve. They look at you and ignore you. Reason being they risk a bad situation since the 180K bid is one of those artificial ones..The second someone outbids the artificial one, they are all over you like a rat on cheese to drop your reserve. I just cant get used to seeing artificial used in a contract of any type unless its a horse stud fee for breeding and is followed by the word insemination.
Reply With Quote