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Re: ARod's 500th HR ball going to Auction
It is very possible. But why would you want to increase the bid amount prior to the extended bidding period? If you have an idea of what the reserve may be, what your bidding maximum and what it may go for, it's better to save all your energy for the knock out punch during the extended bidding period.
Another possibilty would be a curious bidder really wanting to know the reserve price prior to the extended period.
The more likely possibilty is that SCP has put in some bid(s) as Buster alluded to, which is bidding UP TO the reserve on behalf of the Consigner. Hence, Buster's thoughts that the next bid will go over the the reserve and cannot be made by SCP.
MINIMUM BIDS
Each lot in the auction has a Minimum Bid (designated in the printed catalogue and online as “MB”). Some lots in the sale also have a reserve price. A reserve price is the confidential minimum amount below which the consignor of the lot will not sell the property. Therefore an amount equal to or in excess of the reserve must be bid on a lot in order for a successful bid to be accepted on that lot. We may implement such reserve by bidding on behalf of the Consignor and may bid up to the amount of the reserve, by placing successive or consecutive bids for a lot, or bids in response to other bidders. In instances where we have an interest in the lot other than our commission, we may bid up to the reserve to protect such interest. Most lots in the sale do not have a reserve. Unless an item is withdrawn from the sale, for all items in the sale without reserves, the lots will be sold to the highest bidder at or above the Minimum Bid price or any amount higher than the Minimum Bids
It is very possible. But why would you want to increase the bid amount prior to the extended bidding period? If you have an idea of what the reserve may be, what your bidding maximum and what it may go for, it's better to save all your energy for the knock out punch during the extended bidding period.
Another possibilty would be a curious bidder really wanting to know the reserve price prior to the extended period.
The more likely possibilty is that SCP has put in some bid(s) as Buster alluded to, which is bidding UP TO the reserve on behalf of the Consigner. Hence, Buster's thoughts that the next bid will go over the the reserve and cannot be made by SCP.
MINIMUM BIDS
Each lot in the auction has a Minimum Bid (designated in the printed catalogue and online as “MB”). Some lots in the sale also have a reserve price. A reserve price is the confidential minimum amount below which the consignor of the lot will not sell the property. Therefore an amount equal to or in excess of the reserve must be bid on a lot in order for a successful bid to be accepted on that lot. We may implement such reserve by bidding on behalf of the Consignor and may bid up to the amount of the reserve, by placing successive or consecutive bids for a lot, or bids in response to other bidders. In instances where we have an interest in the lot other than our commission, we may bid up to the reserve to protect such interest. Most lots in the sale do not have a reserve. Unless an item is withdrawn from the sale, for all items in the sale without reserves, the lots will be sold to the highest bidder at or above the Minimum Bid price or any amount higher than the Minimum Bids
He's not sharing info even with his best of buddies.
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