Reserve price at major auction houses question

mbogoman

Having never bid on a coin with a reserve that wasn't exceeded early, I have a question now that I am the lead (but below reserve) bidder on a coin in the upcoming Stack's auction. I assume that the reserve price does not include the BP. In other words, if the Reserve is $10,000, someone would have to bid $10,000 to meet the reserve and end up paying $11,500 with the BP. Correct? Or would a bid of $8750 ($10,062.50 with BP) meet the reserve?

Thanks,

ColonialCoinUnion

Someone would have to bid $10,000 to meet the reserve and end up paying $11,500 with the BP.

tightbudget

<< <i>Someone would have to bid $10,000 to meet the reserve and end up paying $11,500 with the BP. >>



That's correct.

WTCG

Someone has to bid $10000 to meet the reserve. With the BP they end up paying $11500.

RYK

<< <i>Someone has to bid $10000 to meet the reserve. With the BP they end up paying $11500. >>


That is correct.

mbogoman

Thanks everyone. Your answers confirm what I expected.