I'm having trouble interpreting the Mears auction rule in quotes below.
Does the auction house place bids for the consignor in order for the item to reach a desired reserve?

FYI...This is not a flame, I'm just a little confused.


[FONT='Arial', 'sans-serif']"Certain lots may have reserves established by the consigner as a means to protect their investment. Reserve bids may be executed on these lots only up to the point of the established reserve, but not past it. Since as part of the auction contract a reserve may have been established, an item with a reserve is not considered for sale or transfer until that established reserve has been met. Bids up to the reserve may be executed confidentially on behalf of the seller in a manner similar to the execution of absentee bids."[/FONT]
[FONT='Arial', 'sans-serif'][/FONT]
[FONT='Arial', 'sans-serif']Thanks,[/FONT]
[FONT='Arial', 'sans-serif']John[/FONT]