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#6
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You are correct if members link to their reserve auctions then reserve price must be listed(reserve= lowest amount the seller will sell it for). If its a no reserve auction (as in this case) then the highest bid automatically is the selling price. In a no reserve auction the bidders establish the selling price, and seller agrees to sell it at the starting amount which is stated.
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Steve Shauger The Supercar Registry www.yenko.net Vintage Certification™ , Providing Recognition to Unrestored Muscle Cars. Website: www.vintagecertification.com |