Quote:
Originally Posted by GregWeld
The problem with auctions is that you need at LEAST TWO bidders and 3 or 4 is even better... an auction with ONE bidder isn't an auction.
Doesn't matter if it's eBay or BJ.
The pros in the biz arrange some "phantom" bids with their buddies... to help things along. Good auctioneers - at a busy venue - can also 'help' the bid along but they're not risking that at a slow venue or for a single/newbie seller...
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But I don't think the auction house can Phantom bid after the reserve is met? Correct?