In a message dated 3/18/01 11:33:58 AM Eastern Standard Time, Ken responded
to Carlo:
<< Did your bid meet the reserve? I doubt it. Any time that there is an
unmet
reserve you are also bidding against the current owner (the reserve is his
proxy
bid.) That's why I never bid when there is an unmet reserve. >>
In January, I bid against another bidder AND an unspecified reserve. After
the other bidder stopped, I placed a dozen more bids, which were all recorded
by time in the bid history, but the last bid I made to out-bid the other
bidder was the last amount recorded; none of the other bids (against myself)
were recorded as a higher value, even though each one went up by first one
dollar and then several dollars. The reserve had no impact on my subsequent
bids. I wrote a letter to the seller asking him what the reserve was, but
never heard back from him.
Tom Donahue
Melbourne, FL
(cool today, cloudy and only 70F, wind from the NE at 10-15mph)