auction question

Say you are high bidder on an item, but reserve is not met and the auction closes. If you are close to the reserve price, can the seller give the ok to sell the coin? Or is the reserve price set in stone?
Thanks in advance.
Thanks in advance.
“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."
- Marcus Tullius Cicero, 106-43 BC
- Marcus Tullius Cicero, 106-43 BC
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Comments
Russ, NCNE
<< <i> If you are close to the reserve price,can the seller give the ok to sell the coin? Or is the reserve price set in stone? >>
While the reserves should be "set in stone", sometimes AFTER coins have gone unsold, the "stone" turns into rubber, bends a bit and is more flexible. It depends upon whether the seller and the auction house (acting on his behalf) choose to consider a lower "sale" price.
<< <i>Are you talking about eBay or an auction house? If eBay, the seller is free to do whatever he wants. Major auction house, I'd assume the seller can give the OK, but I don't know for sure.
Russ, NCNE >>
In this case it is DLRC auction. Thanks
- Marcus Tullius Cicero, 106-43 BC