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.
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02-21-2008, 08:47 AM
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